Apple Card is a credit card service launched by Apple. Users can register using their iPhone and get a virtual credit card in one minute. The 1 cash back rate of the Apple physical card is only half that of the Citi Double Cash Card. If you want to get the 2 cash back rate, you must use Apple Pay to pay.

Apple Card is only open to a certain group of people, so it is difficult to determine the range of its limit. While foreign media said Goldman Sachs checked TransUnion’s credit report when applying for the Apple Card, at least for now, there is no sign that they conducted a hard credit check.

In terms of credit limit, foreign media said that his Apple Card received a credit limit of US$4,000, and the interest rate was between 12.99 and 23.99. Due to the recent interest rate cut by the Federal Reserve, the base interest rate is slightly lower than that previously given by Apple and Goldman Sachs. data.

Extended information

Apple Card can display detailed information of consumer merchants, including map location, consumption amount and consumption type, and conduct classified statistics on user consumption, giving consumption trends and Custom reports. When repaying, Apple Card can also help users calculate the true interest rate.

With this card, users’ credit card usage costs will be greatly reduced because the card does not charge annual fees or late fees. There's no punitive annual interest rate either, with Apple saying it will charge "the lowest interest rate in the industry." There are also no overseas transaction fees when traveling abroad, and variable purchase rates range from 13.24 to 24.24 depending on the user's creditworthiness.

Baidu Encyclopedia—Apple Card