The Apple Card is slated to launch this summer, but as with many Apple products, there's a lot of interest in the credit card ahead of its release. Today we're getting an early look at the card.
Apple employees are now testing the Apple Card ahead of its public launch, and one person who just got their card has shared photos of it. The images, posted by iMore, show that the front of the credit card has an Apple logo in the upper left corner and a chip. Your name is laser-etched on the front of the card, but it's been omitted in these photos for privacy. Around back there are Goldman Sachs and Mastercard logos.
We can also see that the titanium card weighs 0.52 ounces, or 14.75 grams.
The card itself is delivered in a white envelope with an Apple logo on it. Opening the envelope presents you with a more colorful ombre design and instructions on how to activate the card.
The tipster noted that one person with a credit rating of between 600 and 700 was approved for an Apple Card with a credit limit of $1,000. The card took about a week to be delivered.
You can quickly sign up for an Apple Card on your iPhone, and if you're approved, you can start using it with Apple Pay right away. The card offers variable APRs between 13.24 percent and 24.24 percent. Apple says there are no annual, cash-advance, over-the-limit, or late fees associated with its cards.
One of the benefits of the Apple Card is that it when it's time to make a payment, Apple will estimate the amount of interest you'll end up paying based on the amount of your payment. This way you can make an informed decision about your payment and avoid paying more interest. Apple Card also offers Daily Cash, a rewards system that'll get you money every day for your purchases. You get 2% Daily Cash on Apple Card purchases, 3% on purchases made from Apple, and 1% on purchases made with your physical Apple Card.
What do you think of the Apple Card? Are you thinking about signing up for one when it launches this summer?
