[Expires 12/31: 6% cashback on Apple products purchased in stores and official website] Goldman Sachs Apple Card Credit Card Introduction
From now until December 31, 2019, use this card to purchase Apple products at Apple.com or physical stores and get 6% cashback. No registration required.
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Terms:
Purchases from Apple Media Services and AppleCare+ monthly payments, as well as any Apple iPhone Payments or Apple iPhone Upgrade program charges to your account outside of the promotional period, are ineligible. Additional details apply; see https://www.apple.com/apple-card/ for more information。
Apple Card Introduction
Remember when we wrote that after the breakup with Barclays, Apple and Goldman Sachs will jointly issue a new Apple Credit Card? The official announcement came.
Apple this morning held its first press conference without large-scale display of hardware. The entire audience was mainly service services, including Apple News +, Apple TV +, Apple Arcade and Apple Card. We are most concerned about the Apple Card. The Apple Card is essentially a virtual credit card. After it is generated, it will appear directly in the Apple Wallet like other credit cards. It can be seamlessly connected directly when using Apple Pay. At the same time, Apple also provides physical cards, and the physical cards will be made of titanium (Titanium), of course, the purpose is to improve the style. And from the pictures left so far, the design also follows Apple's usual design, so simple that even numbers and signatures are not needed. Of course, these designs have more usefulness.
The new protagonist, Apple Card, is a virtual credit card integrated into the original Apple Wallet. It can be registered and used directly in the "wallet" in the same way as Apple Pay. Apple promises that Apple Card will not incur late fees, annual fees, cross-border fees, and over-credit limit fees (no late fees, no annual fees, no international fees, and no over limit fees).
Let's quickly summarize from the perspective of being a credit card
Apple, Goldman Sachs, and MasterCard are officially listed in the summer of 2019.
Specific benefits
Apple products have a 3% cashback on consumption, including Apple stores, official websites, App Store, etc. Also, since August 20, 2019, 3% cashback on Uber / Uber Eats spending with this card. 2% cashback on all purchases made through Apple Pay and 1% cash back on purchases made through physical cards. Apple's 3-2-1 cashback method is cash. It is settled daily and the cashback obtained can be used the next day. Apple's official name is also Daily Cash. From this name, at least Apple has not introduced more More exchange partner ideas.
In terms of cashback on consumption, this card was completely spiked by US Bank's Altitude Reserve, 3x mobile payment, not only apple pay but also android pay, Samsung pay, etc., and the value of points is converted to travel 1.5 cents/point, equivalent to 4.5% Cashback.
Annual and other fees
No annual fee. There is no cash advance fee, no fees that exceed the limit, and no late fee for late repayment. Although there is no Late Fee, it does not mean that you can spend it casually. If you do not repay the money in time, the interest will still increase. These are still a bit, which can make us more at ease, especially the late fee. Although usually the major banks also have the so-called Courtesy policy, late fee for the first late payment should be waived. With this, This tongue is missing.
Interest rate
If consumers are unable to pay off their debts promptly, Apple Card will help consumers estimate the most suitable repayment advice. Compared with other credit cards, this is very intimate, after all, many people have suffered losses from credit card interest.
Physical card and security
The design of the physical card should be a major feature of this card. There is no card number, no security code, no date, and no signature. The privacy information of all traditional credit cards has been hidden by Apple, which of course greatly reduced this card. The probability of being stolen. In addition to combining FaceID and TouchID of Apple mobile phones, Apple also officially said that it will not take advantage of consumer privacy and habits, and will provide the security of this card.
Other auxiliary functions
Apple will directly provide consumer consumption analysis. It is not surprising that these functions are now available on various cards and third-party billing platforms.
To sum up
Judging from the current situation, this card is destined to be a "vase" credit card. 3-2-1 cashback method is essentially using Apple Pay to spend 2% cashback, after all, who can buy Apple products every day. This 2% cashback method is not much different from many mainstream cards that do not have an annual fee on the market today, and it is inferior to the mobile payment god card UAR. The only bright spot should be improved security, and at the same time the shortcomings are obvious, that is, what to do without Apple products? At the same time, another very embarrassing disadvantage is the market acceptance of Apple Pay. Although Apple has officially stated that its share is increasing, there are not many stores around it that support Apple Way, especially small stores.
Therefore, on the whole, this card will not be very attractive to friends who often play cards. It should be possible to apply for the ashes apple powder regardless of HP. However, no matter in terms of benefits, card surface, or compulsion, users of this new version of the Goldman Sachs Apple Credit Card will still far exceed Barclaycard Visa with Apple Rewards Card.