In March, Apple introduced the Apple card. The virtual map is in the iOS Wallet app, although a physical map can be ordered. For privacy reasons, this card will not include the account number, but will carry the user's name on the card. Apple card users will not have to pay any fees. This is true, farewell to late fees, annual fees, international fees and overlimit fees. Card users will recover 2% of the value of transactions made outside of the Apple ecosystem and 3% of those purchases made from the App Store, the Apple Store and others. Apple properties. Transactions paid with the physical card will be refunded at 1%. These discounts will be calculated daily and made available daily.
The card is expected to be launched during this month and investment bank Goldman Sachs is Apple's partner for this project. Goldman Sachs has released the Apple Card Customer Agreement, which reveals some interesting information. First of all, based on the card user's credit scores, the annual interest on the card will be between 13.24% and 24.24%. Future changes will be based on any rate increase or reduction made at the prime rate. This is the rate at which banks charge their best customers for loans.
Apple cardholders will not be allowed to "jailbreak" their iPhone
To be eligible for an Apple Card, you must have an Apple ID badociated with a valid iCloud account. An active email address must be logged in to the Apple ID, with Apple's two-factor authentication enabled. And iPhone users who "jailbreak" their phone to remove iOS software restrictions may see their account closed. In addition, the Apple Card can not be used to purchase casino chips, lottery tickets, and encrypted currencies. In other words, you can not use the Apple card to buy Bitcoins. This is probably not devastating news for the majority of consumers looking to open an Apple Card account.
The Apple Card has a no charge policy
"If you make unauthorized changes to your eligible device, such as disabling hardware or software controls (for example, through a process sometimes called" jailbreaking "), your eligible device may no longer be eligible to access your account. or manage it You acknowledge that the use of a modified eligible device in connection with your account is expressly prohibited, constitutes a violation of this contract and could result in our right to refuse or limit your access to your account or its closure, as well as any other remedy available under this agreement "- Apple Card User Agreement
So, if you have a jailbroken iOS device, you are not allowed to use it to request the card. And if you use an iPhone to get a card, you can not jailbreak it. Simple rules. In fact, all the terms of the Apple card are available on the Goldman Sachs website.
The Apple card will be another activity of the Apple Services unit. After the iPhone, this segment is the second largest in terms of revenue for the company and the second most profitable division of the technology giant. Apple aims to reach $ 50 billion in annual business by the year next for the Services Group, double the $ 25 billion generated in 2016. For the third fiscal quarter of Apple, covering a period from April to June, the company recorded a record business figure of $ 11.5 billion. The reason why this activity is so important for Apple is that it is less dependent on iPhone shipments and more of the global active iPhone number. At the beginning of this year, that number was about 900 million. Other companies in the Services group include App Store, iCloud, Apple Music, Apple TV +, Apple News +, Apple Arcade (once launched), AppleCare, Apple Pay, and more.
