Apple Credit card was introduced by Apple Inc as a virtual card which can later on be converted into a physical card with good benefits. With the Apple Card, you have instant notification of each with stores, accept all transactions using your face or fingerprints or just a specific location and not much more. You can select any payment option, which you like to use. This is also a great option to pay for items and services on the internet too.
In terms of Apple Card, you can apply for it online or offline and your account is activated instantly. You don't need to carry cash or checkbook with you for transactions and you don't need to provide your Social Security Number to get a card.
Application is very easy. The first step is to fill an application form online which is available on the website of Apple. After filling the application form, you will receive a confirmation email. Once you accept the terms and conditions, you can access your account to start availing the cards.
Apple Card is also known as the debit card. The amount that you can withdraw using this card depends upon your account balance and the rate of interest on the amount that you have to withdraw. You can transfer your balance to another bank account that offers this card. For this, you just have to find a compatible bank account and your bank will do the transaction for you.
As stated, the rate of interest on the amount that you have to transfer depends on your account balance and the age of your Apple Card. To reduce this, make use of your Apple Card for purchases only when your bank offers the best rate. If you cannot make use of this option, you can apply for a card from a different bank which has better rate than the one offered by your own bank.
Apple card works on credit only and cannot be used for cash withdrawals. You cannot withdraw the money for the purchases from the bank without a valid ID. and you cannot use the credit limit for any other purpose. Though there are no annual fee involved in this card, it might be a bit costly for some people since most of the charge their account holders with a higher limit and charges every time the limit is exceeded.
When you use your Apple Card, there are two types of features available and the features differ depending on the card that you apply for. The regular credit card has a default limit. But if you use the card for a purchase, you will get charged for the entire purchase amount minus the default limit amount, even if the purchase fails.
If you use the debit card, the Apple Card will give you the option of choosing between the two types of features. You have to choose between the default limit option and the second feature which give you the choice to choose what you want to do in case of a failure in the payment of purchase.
Another feature that is provided by the Apple Card is a money back guarantee. In other words, if the purchase fails, you can ask for a refund. To do so, you have to call the customer support and ask for a refund.
There is also a reward credit card available that has different options for rewards. You can earn points for every dollar you spend on your card. You can also get discounts on products. With the rewards card, you can also choose to get coupons to use for other things.
Credit cards provide a good opportunity to save some money on your purchases and use the money saved to pay for your other expenses. There are also some disadvantages. One is that these cards are not available for everyone. and so you have to be careful while choosing a good card.
To apply for a credit card, you need to meet some criteria, one of which is that you must have a checking account. and you have to fill up an application form and submit it with all the necessary documents.