The Apple Credit Card Is Surprisingly Awesome with Solid Cash Back Rate & Financial Planning
By Mike Riley
Earlier today, Apple made a game changing announcement for the credit card industry. While it has been speculated about for years, Apple finally unveiled its intent to become a credit card company with the introduction of Apple Card. In addition to removing most of the sources of traditional credit card service revenue such as late fees, annual fees, and over limit fees to name a few, Apple also promised not to track payments or sell card activities to third parties. Although there will be a physical card available, this is clearly a card that is meant to be iPhone first. Users will apply for and be approved for the card via their iPhone, use it with Apple Pay, and even contact customer service via Messages. Apple is partnering with Goldman Sachs as the bank of record.