Apple Card could encourage banks to make their cards numberless too

Mar 29, 2019, 00:11
Apple Card could encourage banks to make their cards numberless too

As with all Apple products, the design is slick and minimal. But they will earn cash back on their purchases - 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card.

For Apple, introducing its Apple Card gives its users the ability to control and manage their finances properly on their iPhones.

It seems as there are no hidden fees, late fees, annual ones, global ones or over-limit ones. Apple said both its TV+ shows and the new version of the TV app will be available in more than 100 countries. For instance, Citi Double Cash is a basic, easy-to-use 2% cash back card. While these perks are nice, there are similar budgeting tools on other cards and the information only incorporates purchases and payments for Apple Pay and the Apple Card, so it's not providing a full financial picture.

Eurogamer reports Apple "will be partnering with a variety of high-profile studios and publishers" including Annapurna Interactive, Bossa Studios, Cartoon Network, Konami, Lego, Mistwalker, and Ustwo Games. The most important detail of Apple TV+ service was absent during today's event, and yes, we are talking about the price of it.

Apple Pay users will now be allowed to fund money transfers using their Apple Pay Cash balance or a debit card.

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Many local papers are also trying to build relationships with readers that go beyond news - events and community involvement - and that's made more hard should they find themselves in Apple News Plus' "magic mixer of content", Northwestern's Franklin said. There are cards in the market that don't charge any annual fee and offer comparable (or even better) cash back rewards.

Apple has announced its newest update to the popular operating system that includes massive fixes to several security issues. In contrast, you don't need to use Uber to get cash back from the Uber Visa card - which offers 4% back at restaurants, he points out.

While the Apple Card will be available in the U.S. this summer, it is not yet clear when it will be launched in India.

For sure, turning the small amounts of fees from the card service into a huge revenue source is a long-term business.

Amobi noted that it may take years to see if the Apple subscription does well for media companies, regardless of whether more newspapers join. For example, rewards from the Apple Card will be paid through the Apple Pay Cash account.

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That being said, Sven Schindele, banking products director at Tandem focused on the lack of geographic reach for the Apple Card, telling Techworld that, "the Apple Card is an American product for the American market".

How to get an Apple Card?

If you have personal finance questions, we want to hear them.

Other well-known magazines in the app include The Atlantic and big names from magazine powerhouses Conde Nast and Hearst, including Bon Appetit, Elle, Esquire, The New Yorker, O: The Oprah Magazine, Vanity Fair, Vogue, and Wired. That's the kind of saving you get to enjoy with this service.

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