Apple has officially begun the official Apple Card launch. Apple has sent out invitations to a limited group of customers already showing interest in Apple card by simply filling out the “Notify Me” form on their site (via TechCrunch.) These customers will be given an Apple card and given an opportunity to test the application.
Many consumers have been hesitant to try out credit cards due to the high interest rates associated with them. The new Apple card program offers consumers a chance to experience the excitement of using credit card technology. Apple claims that its credit card will offer consumers the greatest variety and lowest interest rates of any other credit card.
Apple card holders will be able to make purchases using their iPhone or iPod. This means that the card holder will be able to pay for items in-store as well as online. They will not need to carry cash or use their credit card for purchases. The only place they will need to carry cash is with them when they are traveling.
Apple card holders will not be charged interest on their balance purchases. Instead, they will be charged a one-time, flat fee, which is then subtracted from each purchase made. Apple card holders will also be able to get cash back for their purchases from participating merchants. For example, if a customer buys $500 worth of products at a participating location, they can earn cash back.
Apple's cards do come with a high rate of interest though. The interest rate is fifteen percent for purchases over a period of one month.
Apple's goal is to allow consumers to purchase items at retail prices without paying higher rates or fees. In addition to providing the best rates and deals possible, the company also wants to encourage consumers to make purchases in stores. This means that they are offering incentives such as free gift cards to retailers, free Apple product shipping, and more. All of these incentives are aimed to encourage consumers to purchase items in the store and not just online.
Many consumers are worried that the Apple card will take money from their wallet instead of giving them money back. Although the cards do provide incentives to consumers who purchase their products online and use the cards, the company plans to make sure that all transactions are handled in-store. By using the card from the retailer and making purchases in the store, consumers can use the store's ATM machine to withdraw cash when they want to.
Apple says that it has no plans to discontinue its Apple rewards programs. Instead, the company wants to keep them active in order to attract new customers. Consumers should check back regularly to see if there are changes to their cards and make purchases.
Apple's credit card does have its drawbacks. One drawback is that the credit limit is low and the monthly interest rate can be steep. It is important that consumers understand these facts before signing up for the Apple card.