Apple announced the release of the Apple Card, the company's credit card on Monday (25). Available for iPhone (iOS), the service works within the Wallet app and uses Apple Pay to make payments to virtual and physical merchants. The manufacturer will also make available a physical version of the product, with Mastercard flag. The Apple Card will start operating in the summer of the United States in June, and is not expected to arrive in Brazil.
Those interested in the Apple Card should apply for the Wallet app. According to Apple, after a few minutes it will be possible to shop at stores, apps or websites around the world. The application will also be able to access information such as balance and all transaction records, as well as reports with habits of consumption tool that promises to assist in the management of spending. The service will be supported 24/7 through the Messaging app, native to the operating system.
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Apple Card to have expense management reports Photo: Divulgao / Apple
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In addition to the digital version, users may request a physical Apple Card, made of titanium, issued by Goldman Sachs Bank, under the banner Mastercard. In a security strategy, the card will not have a number, security code, expiration date, or signature. This information should be accessed in Wallet at the time of purchase. The company will provide an identification code to each transaction performed by the system in order to increase user protection and prevent personal information from being leaked.
Apple Card also have physical version, under banner Mastercard Photo: Divulgao / Apple
According to Apple, the Apple Card does not have annuity, late payment or "overflow" fees. The only interest charged will be added if the user pays less than the total invoice. For ease of calculation, Wallet will show you an estimate of the proportionate charges that will be paid based on the amount of the payment.
The Apple Card also displays "smart" payment suggestions, which will help pay off debt faster, paying less interest. The card will have a single universal due date, the last day of the month, but you will be able to schedule weekly payments and enable reminders.
From Machine Learning (Machine learningin English), the system will organize shopping reports and identify them as "Food & Beverage", "Shopping" and "Entertainment". Each area will be differentiated by one color in order to make it easier to read the chart on the highest expenses incurred. The reports will provide summaries of weekly and monthly payments, and according to Apple are intended to stimulate a healthier financial life for users.
Apple Card shows how much the user must pay to have lower interest Photo: Divulgao / Apple
A unique number will be created on the iPhone at the time of the Apple Card creation, and all purchases will require this number, plus a dynamic security code generated on the smartphone when the user authorizes the purchase. As with other Apple Pay transactions, I need to use Face ID or Touch ID to make the payment.
The device will display a notification for all purchases made with the digital card. Apple Maps may also be used to identify unusual purchases or to remind the user where the purchase was made by entering the store name and location. In cases of suspicious transactions, you will be able to contact Apple with a single tap.
Apple Card Digital Card No Charge from Apple Photo: Press / Apple
The Apple Card card will reward cash users with each transaction. This means that every Apple Card purchase returns up to 3% of the amount paid on an account balance. The amount can be used for new purchases, transferred to friends, or stored in the account.
An advantage will be given to customers who purchase Apple products and services, such as the App Store, iTunes, and Apple.com, for example. The reward value for them increases and reaches 3% of the value of purchases. In addition, it is only 2% at stores or external sites and 1% for payments made with the physical card.
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