Apple launches a Credit Card - Gives instant cash on purchases

They're also entering the wallet space.

Wallace Ho26 Mar, 2019

Apple launches a Credit Card - Gives instant cash on purchases

Apple is no stranger to disruption. This time around, they're taking a shot at the banking and payments industry.

At yesterday's Apple event, the company unveiled their latest 'designer' product — a credit card.

Dubbed the Apple Card, the card works just like any other credit card, but with a few added benefits:

  • Users receive instant cash back when making purchases.
  • All card transactions are stored on the phone. Users can also geo-locate all transactions made with the card.
  • No fees and lower interest.

Apple has always been in the status symbol business, and the launch of this new card is a step in the direction of bringing them closer to being a bank.

Wallace HoAuthor


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