Citizens of the UK are poised to welcome the hotly anticipated Apple Credit Card. First rolled out in August last year, the Apple credit card has generated a lot of buzz with its elegant simplicity and impressive features. It was first introduced in the US but may soon be expanding to other markets.
To date, although Apple hasn’t announced any plan to expand beyond America yet, experts are already predicting that the product is set to enter the UK market. This is following the news about the company’s recent trademark filings of Apple Card and Apple Cash in both Europe and Hong Kong databases. According to experts, since the UK remains to be a member of the European Union, there’s a big chance that the Apple Card will soon launch in the country.
If you’re one among the many who can’t wait to try and see for yourself whether the Apple Card lives up to the hype, then it’s wise to know in advance what you can expect from this ground-breaking product. To help you with that, here is a brief guide that will let you identify its features, benefits, rates, and charges. Continue reading to learn more.
Apple Credit Card: What It Is And What To Expect
This card was created from Apple’s tie-up with Goldman Sachs and Mastercard. The Apple Credit Card functions as both a physical and a virtual card. It enables users to pay for both regular and Apple Pay services. It is designed to live in the Wallet App of your Apple device. As such, the product promises optimal convenience to users by offering real-time views of their latest transactions and balance in their Wallet.
During its first release, the product was quick to make it into the headlines. It boasts tons of impressive features, including its daily cashback offers, which provide users with 3% cashback on purchases made directly through the Apple Store, 2% cashback for all other purchases made with the card through Apple Pay, and 1% cashback when paying with the physical Apple Card.
Aside from that, the credit card also boasts of a “zero fees” feature, which promises no annual, over-the-limit, or late fees. To add up to the hype, customers can also expect flexible repayments and lower interest rates that can range from 12.99% to 23.99%, based on their creditworthiness.
In addition to that, the Apple Card’s privacy and security features are also to-die-for. Its physical car is made from pure titanium that is laser etched with your name. Unlike other credit cards, the Apple Card offers more security. It doesn’t present a card number, an expiration date, a CVV, or a signature on the card. This way, criminals won’t be able to steal your card information in case your physical card ended up in the hands of the wrong people.
Are You Ready To Apply?
Applying for the Apple Credit Card is easy. In fact, you can do it right in the comfort of your home using your Apple device. To do so, you’ll only need to launch the Wallet app on your iPhone. Then, tap the option to add a new card, and hit Apple Card to get started. You will then be asked to provide your personal information and annual income. Once you’re done, you can click Continue and Agree to the Apple Card Terms and Conditions.
You'll then receive an offer for a credit card with a given credit limit and APR. If the offer seems alright to you, you can proceed by selecting “Accept Apple Card." Once you’re done, simply choose whether you want to make your Apple Card your default payment method for Apple Pay. After choosing, your Apple Card will automatically be added to your Wallet, and it will be ready for use.
The following are the fees and charges that come with your Apple Credit Card.
- APR/Interest Rate – 12.99% to 23.99% based on your creditworthiness
- Annual Fee: $0
- Foreign Purchase Transaction fee: $0
- Late Payment Charge: $0
- Over-the-limit fee: $0
Have Questions? Contact Apple
If you still have questions regarding the Apple Credit Card, you may contact the Apple Store Customer Service. You can call them at 0800 048 0408 or visit the Apple Distribution International located at the Hollyhill Industrial Estate, Hollyhill, Cork, Ireland.
You may also locate and visit the nearest Apple Retail Store in your area by visiting this link.
The Bottom Line
If you are looking for a more convenient way to pay, this may be the solution for you. For diehard Apple fans, this could be the next big thing. If you are curious about this card, you can also learn more from Apple's website.
*Note: There are risks involved when applying for and availing a credit card. Please see the bank’s Terms and Conditions page to know more.
