In the video, foreign mediaMaccrumorsIt focuses on the registration process of the Apple Card, how it works, what it looks like, and how it feels for those who have not yet had the opportunity to register.
Apple Card isappleA credit card developed in partnership with Goldman Sachs, designed to be simple, intuitive, and easy to use, making it ideal for those who are new to credit cards or looking for easy-to-understand usage.
Apple Card registration can be done in the Wallet application. The user has to do this by entering the name, address and other information. The whole process takes about a few minutes.
Since Apple's goal is to make Apple cards available to most people, even those with a FICO score of 600 or less can get approval.
Once registered, users can immediately use it to make Apple Pay payments at retail stores and online. Apple Card works just like any other credit card added to Apple Pay. At the same time, Apple will also tell the user in the mail that the company will send a physical titanium card to it, so that users can use it without Apple Pay. However, it takes a few days for the Titanium Card to be delivered to the user, so they need to wait patiently.
The Apple Card design is very simple, except that it will not have other information such as card number, CVV, expiration date, etc., so it can be said that this card is unique.
If you want to find the card number, CVV, expiration date information you can find it in the Wallet app. In addition, the card number can be replaced regularly, which means it is more secure than traditional credit cards, and this is one of the advantages of the Apple Card.
It is understood that the titanium gold card is very heavy, heavier than ordinary plastic credit cards, and the thickness is twice that of ordinary credit cards. So in a sense it represents a statement that when people use it, people around them know that it is different. When using a physical Apple Card or digital Apple Pay, Apple Pay tracks all purchase records in detail, which is another advantage of the Apple Card.
Although the virtual card in the wallet application is initially white, it changes color based on what the user has purchased. Apple divides the purchased items into different categories, each with its own color, so that users can easily see which types of items they spend each month.
Apple Card does not offer benefits such as extended warranty or purchase protection, but it does have cashback benefits every day. Users who purchase from Apple (or its digital store) can get 3% cash back, all products purchased through Apple Pay receive 2% cash back, and all other products purchased with Titanium card get 1% Cash back.
The cash back will be paid at the end of each day and will be added to the Apple Cash card of the user's wallet app. The Apple Cash card can be used for shopping, or it can be transferred to the user's bank account.
In terms of payment, Apple's goal is to allow users to pay as little interest as possible. Apple will issue a reminder when the payment is due, encourage users to pay extra to reduce interest, and help users know exactly how much interest they will be charged.
Apple Cards can't compete with other bank cards in terms of benefits, travel rewards, and specific cashback options, but it's better than other cards because of its deep integration with wallet apps and Apple's ability to make it easier to understand. Efforts - users' purchases will be clearly listed, expenditures will be listed in different categories so that users can better budget and track their own money, provide payment information to optimize user interests rather than credit card companies interest.