\tApple commercially released its physical credit card to customers across the US after hailing the success of a pilot earlier this month [1].<\/p>\n
First announced in March [2], the service is in collaboration with Mastercard and Goldman Sachs. Users are issued with a physical credit card alongside a virtual version for use within the Apple Pay mobile wallet.<\/p>\n
The service has been designed to integrate with Apple\u2019s existing range of products. Sign-up can be performed through its iPhone app, where consumers can also check balances and assess projected interest charges. Customer Service queries are made using the company’s instant messaging service.<\/p>\n
A tie-up with Apple Maps has also been enabled to provide a breakdown of locations of merchants where transactions have been made.<\/p>\n
In a statement, the company said its product was a \u201cnew kind of credit card,\u201d adding it offered no fees (except interest) and would \u201chelp customers lead a healthier financial life\u201d.<\/p>\n
Following the pilot, Apple Pay VP Jennifer Bailey added: \u201cWe\u2019re thrilled with the overwhelming interest in Apple Card and its positive reception.\u201d<\/p>\n
The launch of Apple Card is the latest attempt by the company to diversify away from its traditional hardware business lines and increase the scope of its Services segment.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/money\/news-money\/apple-presses-go-on-card-launch\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/money-home-banner\/apple-delves-deeper-into-payments-with-credit-card\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Apple commercially released its physical credit card to customers across the US after hailing the …<\/p>\n
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