If you had initially asked to be notified on the new Apple Card, then this is for you, because special invites are now rolling out. If you didn’t ask, don’t worry, a larger public launch is due for later this month.
Apple CEO, Tim Cook announced that the Apple Card would arrive in August. On Tuesday, the company began the initial deployment of its new branded credit card, sending out email invites to some of those who signed up to be “notified” that the card was indeed now available. Created in partnership with Goldman Sachs and Mastercard, the Apple Card sees Apple expand into the world of finance—promising no annual fees, late fees or over-the-limit fees. Sign-up and management of the card are handled through the iPhone’s Wallet app on iOS 12.4, which is also where interested users can apply for the card.
The Apple Card is Apple’s take on a different approach to how credit cards are used, statements are handled, and rewards are redeemed, without any fees. After signing up for an Apple Card via the Wallet app on an iPhone, the card will be added to Apple Pay and available immediately for contactless payments as well as online purchases. A physical card that bares only the Apple logo— lacking your name, a number, expiration date, or CVV number — will arrive in the mail a few days later. Apple Card users can earn cash-back rewards with each purchase that is transferred to an Apple Cash card in your Apple Pay account. The level cash-back ranges between 1% made with the physical card, 2% for any contactless payments, and 3% for any purchases made with Apple.
The physical titanium card itself is designed to be used in places where Apple Pay isn’t accepted. It follows Apple’s traditional minimalist design, with the front displaying your name, an Apple logo and the standard EMV chip and the back showing the Goldman and Mastercard logos. Tapping your iPhone against the NFC sleeve the titanium card comes with displays a pop-up on the iPhone that allows for quick activation of the card. Support for the card is handled through the Wallet app, which can guide you to Apple support for any technical questions or Goldman Sachs support for any questions that might involve financial or personal data.
In addition to phone support, you can also get help through iMessage. If the card is lost or your iPhone is stolen, logging into iCloud will give you access to freeze or remove the payment method, though you will need to call Goldman Sachs to order a new physical card or get a new digital credit card number. There is no fee for getting a new titanium card.
Suggested Read: Apple Card: A new kind of credit http://technically.ng/apple-card-a-new-kind-of-credit/