Y'all managed to miss a lot of great points.. Like the fact there's no cards numbers or expiration date, so it can't be stolen... You generate a new card number, etc. every time you choose to make a new purchase (say online or something you don't swipe)...
You also aren't waiting for rewards... You get them deposited back daily.
Customers will also be able to track purchases, check balances, and see when their bill is due right from the app. There will be a physical titanium card, too, but there’s no credit card number, CVV, expiration date, or signature. All of that authorization information is stored directly in the Apple Wallet app.
Apple also says that it’ll use machine learning and Apple Maps to label stores that you use in the app, and use that data to track purchases across categories like “food and drink” or “shopping.” See a charge you don’t recognize? Tap to pinpoint it on a map.
Instead of a points-based reward program, Apple Card gives cash back rewards in the form of Daily Cash, which is applied straight to your Apple Card to spend or put toward your purchases. Apple is offering 2 percent cash back on purchases made through Apple Pay using an Apple Card, and purchases from Apple will get 3 percent cash back. Purchases made through the physical card will get just 1 percent cash back, though.
Additionally, the company is promising that there will be “no late fees, no annual fees, no international fees, and no over limit fees” with the Apple Card and “lower interest rates” with no penalties for missing payments, with APR rates ranging from 13.24 percent to 24.24 percent based on credit. Travelers abroad don’t have to pay a foreign-transaction fee, either.
“Apple doesn’t know what you bought, where you bought it, and how much you paid for it,” said Jennifer Bailey, VP of Apple Pay. All of the spending tracking and other information is stored directly on the device, not Apple’s servers. The company also promises that “Goldman Sachs will never sell your data to third parties for marketing and advertising.”
still ain't getting it tho... fukk credit cards
Like I posted earlier...Apple has been paying attention to cryptos.
Essentially you’re turning cash into Apple bucks.
