Apple Card Launches in the U.S., 3% Daily Cash Added for Uber and Uber Eats
Apple’s new iPhone-only credit card known as Apple Card has officially launched in the United States.
According to the company, users in the U.S. can apply for Apple Card in the Wallet app on iPhone “in minutes”, then start using it instantly at retail stores and online.
“We’re thrilled with the overwhelming interest in Apple Card and its positive reception,” said Jennifer Bailey, Apple’s vice president of Apple Pay, in a press release. “Customers have told us they love Apple Card’s simplicity and how it gives them a better view of their spending.”
Apple explains, “with no card number, CVV security code, expiration date or signature on the card, Apple Card is more secure than any other physical credit card.”
Apple Card comes with Daily Cash rewards (available instantly) and today Apple announced a new merchant for 3% cash back—Uber and Uber Eats. Users will receive 2% cash back on all Apple Pay purchases, while 3% cash back applies to purchases made at Apple Stores, Apple online, App Store, iTunes and other Apple services.
Apple Card users will also receive a titanium physical card in the mail and purchases made with this will get 1% Daily Cash.
Apple says their credit card is made for ease of use, with customer service available via iMessage around the clock, while spending reports are generated in real-time using machine learning, with reports available weekly and monthly.
There are “absolutely no fees associated with Apple Card: no annual, late, international or over-the-limit fees,” explains Apple.
When it comes to privacy, using Apple Card means “Apple does not know where a customer shopped, what they bought or how much they paid,” says the company.
Apple Card is a Mastercard issued by Goldman Sachs. For now, the credit card is only available in the United States and it is unknown whether Apple Card will ever be available in Canada. Previously, the CEO of Goldman Sachs said it was likely Apple Card would eventually roll out internationally, but we’ll have to wait and see on that.