Apple Pay users will soon get to use a unique credit card that is designed by Apple and works with iPhones for payments. It’s called the Apple Card and it can be used both digitally (on the App) and physically (Titanium card). The announcement was made by the company today at an event at the Apple headquarters in Cupertino.
Apple Pay is used by almost 70 percent of companies in the US and is gaining relevance in many other countries like Australia. It’s easy, flexible and secure for any kind of payments and the addition of the Apple Card will make the process more convenient and reliable for many users.
The Apple Card will not recur any kind of extra or late fee cost on the user if they fail to pay the credit amount on time. The Wallet App will also provide with multi-month plans which is suitable to clear the dues with zero interest fees. Apart from this, users will also receive a cash bonus on every transaction they make with the Apple Card and they can check the history and location of the transaction in the Wallet App without any hesitation.
Jennifer Bailey, Apple’s vice president of Apple Pay said:
Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone. Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money, transparency to help them understand how much it will cost if they want to pay over time and ways to help them pay down their balance.