The Apple Card, the company’s credit card announced last spring at its service event, will start accepting applications in August.
” Thousands of Apple employees are using the Apple Card every day in a beta test and we will begin to roll out the Apple Card in August,” said Tim Cook, CEO of Apple.
The Apple Card will be issued in both digital and titanium physical card form. However, the Apple Card will not use a traditional 16-digit card number, CVV code, or expiry date. Instead, during each transaction, it will produce those figures randomly to maintain purchases safe. The numbers are also generated on-device, with the company promising that the creditor, Goldman Sachs, can’t track and see where you’ve shopped, what you’ve bought, or how much money you’ve spent.
Apple will also give cash-back incentives, such as 2% back on Apple Pay purchases or 3% for Apple shop purchases. These aren’t the greatest benefits out there, but if you already use an iPhone and plan to purchase a lot more Apple products, it’s a good deal for you.
Apple did not say exactly when in August the Apple Card is launching, but expect the update to come to your Wallet app soon when applications are opened.