Unveiled in March, the credit card made in Apple is now available in the United States for all iPhone owners. The opportunity to take a closer look at how the Apple Card works.
It is quite amazing that a tech company is getting into the credit card industry. However, Apple already had its own method of payment with Apple Pay. Offering a credit card is only a new step for the Cupertino company and above all, the opportunity for it to diversify its products even more.
How to get your Apple Card?
At this time, it is only available in the United States, but the service may someday arrive in Europe. According to Tim Cook, anyone can sign up for an Apple Credit Card. All you need is an Apple account and an iPhone dot diOS 12.4 minimum.
Then head to the Wallet application to register. By pressing the little + at the top left, a new window opens on which you will have to select the Apple Card payment method. Then, you will need to verify that your information is correct, including name, surname, phone number, etc. The application will also ask you for information concerning your bank income, as well as in the case of the United States, the last 4 digits of the social security card.
This information is above all the means for Goldman Sachs, banking organization and Apple partner, to be able to validate the request for a credit card. After a demand study that takes less than a minute – the Apple Card is ready.
Get physical Apple Card
If the essence of the concept of the credit card of Apple rests on the fact that it is entirely digital, the Californian firm proposes all the same its users a physical card. It is rather an accessory rather than an essential, but since it is an entirely free product, why deprive yourself?
Indeed, the physical card is free and all users can order it from the Apple Wallet application. Entirely made of titanium with a very pure design, the physical Apple Card unfortunately does not support contactless payments. You will have to go through your smartphone in this case.
Once the physical card has been received, it must be activated. For this, Apple has done in simplicity and efficiency since it suffices to place the card under the iPhone – in the case of iPhone XR, XR Max and Xs – for which active.
note that with the physical card, this will make you three card numbers associated with the Apple Car; one for the card from your iPhone, one for the physical card and another virtual for sites that do not support the Apple Card. This will allow you to check with which payment method a purchase was made.
Make a payment with the Apple Card
In terms of purchases, the Apple credit card is actually based on the Apple Pay method of payment. Purchases will therefore be made in the same way, indicating the credit card numbers found in the Wallet application> three small dots> card information> card number, with security code, as well as payment without touching.
One arrives in Europe?
The Apple Card brand has been registered in Europe, which suggests that Apple could actually deploy its credit card here, but several points could complicate its arrival. Indeed, the card was born thanks to an Apple partnership with Goldman Sachs, an American bank which does not operate in Europe. If Apple wants to export its concept of credit card, it would need new partners. Not sure if Goldman Sachs is very excited.
In addition, the little extra of the credit card is what allows its users to receive cashback. each purchase from an Apple App Store, iTunes or Apple Store platform – customers receive between 1% and 3% of the amount paid in return. An interesting concept which is unfortunately not very widespread by us.
If the Apple Card does land one day in Europe, this aspect could be removed, which would make the credit card less financially attractive. However, Apple could certainly count on a very solid fan base despite the absence of cashback and therefore many customers.
The fact that the Californian firm does not charge any user or penalty fees in the event of late payment is an excellent argument. Thus, more modest users could benefit from a credit card more easily than with a traditional bank.