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Home > New Gear > Apple released Apple Card with Goldman Sachs: it can be functioned as a virtual credit card
Apple released Apple Card with Goldman Sachs: it can be functioned as a virtual credit card

Apple released Apple Card with Goldman Sachs: it can be functioned as a virtual credit card

By  Linky Johnson 2019-03-28 954 0

Apple announced three new subscription services at its spring new product launch conference 2019 on March 26, as well as an Apple credit card in partnership with Goldman Sachs. The company calls it a "new credit card developed by Apple, not by banks".

Apple Card 

Unlike traditional credit cards, for Apple Card, each iPhone will correspond to one virtual card, and there is no traditional credit card number. It can be used in any physical stores or online malls that support Apple Pay payment.

 Apple Pay payment.

You can choose Goldman Sachs or MasterCard to cooperate. It takes only one minute to register through the iPhone, and the Apple Card account will be stored in the encrypted area of the mobile phone. The transaction needs to be authenticated by Touch ID or Face ID.

Apple Card account 

The advantage of Apple Card over ordinary credit cards is that the wallet App in the mobile phone can manage the card, including some routine operations such as managing repayment. At the same time, it can automatically recommend the best repayment cycle after the monthly bills are generated.

The advantage of Apple Card  

Finally, in order to encourage people to try Apple Card, Apple launched Daily Cash, a daily cash-back function, which settles once a day, with a return point of 2% for ordinary consumption and 3% for Apple stores.

Daily Cash 

For Apple credit card, which is based on Apple Payment, Tim Cook said that with Apple's hardware, software and service advantages, they will make the biggest change in credit card experience in 5 decades. Apple Card will be available this summer and users can apply for it directly in the Apple wallet on their iPhone.


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