Earlier this year, Apple introduced ‘Apple Card’ a new kind of credit card that is built into the Apple Wallet app on the iPhone as well as a physical credit card. Today, the preview program invitation is rolling out to a few customers who signed up to be notified earlier.
Apple is not revealing how manyp eople are invited for the preview program and said that random people who signed up earlier are getting the invitation now. To sign up, users require iOS 12.4 and the sign-up process involves entering your address, birthday, income level, and last four digits of your Social Security number.
Apple has partnered with Goldman Sachs and Mastercard to provide the support of an issuing bank and global payments network. When a user signs up for Apple Card, the information is sent to Goldman Sachs and the approval/denial status is intimated to the user in less than a minute. Once the card is approved, it will show up on the user’s Apple wallet instantly.
In addition to this, users can also request for a physical titanium Apple Card which will be delivered through mail later. The titanium Apple Card is designed for shopping at locations where Apple Pay is not accepted yet.
To recall, there are no fees associated with Apple Card like no annual, late, international or over-the-limit fees and there is no card number, CVV security code, expiration date or signature on the card. Users will also clearer and more compelling rewards program than other credit cards with Daily Cash, which gives back a percentage of every purchase as cash on customers’ Apple Cash card each day.