Apple Card - page 3

Apple Watch is now eligible for 0% Apple Card financing

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Next Apple Watch Activity challenge will take place on Veterans Day
You can now pay for your Apple Watch in monthly installments
Photo: Ian Fuchs/Cult of Mac

The same day that Apple unveiled the Apple Watch Series 6 and Apple Watch SE, the company expanded its 0% Apple Card financing service to cover its line of smartwatches.

Apple launched its 0% Apple Card financing option for iPhone back in December. This June, it expanded it to cover Mac, iPad, AirPods Pro, AirPods, and Apple Pencil — although Apple Watch was strangely MIA.

Samsung’s new Apple Card competitor arrives with big advantages

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Samsung Pay Card
It's available only in the U.K. for now.
Photo: Samsung

Samsung’s answer to Apple Card is here, but the two won’t be battling it out for customers just yet. While Apple Card remains a U.S. exclusive, Samsung Pay Card on Tuesday made its debut in the U.K.

Samsung’s product has some neat advantages over Apple’s, like the ability to link multiple cards together. It’s the result of a partnership between Samsung, MasterCard, and British fintech company Curve.

It’s now even easier to pay with Apple Card on Apple’s Online Store

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
What could make Apple happier than Apple customers buying Apple goods on its Apple Online Store with Apple Card?
Photo: Apple

Paying for your Apple Online Store purchases is easier than ever if you’re an Apple Card user. Starting Tuesday, Apple added the ability the pay for items with a dedicated one-click Apple Card option.

To pay with Apple Card, simply select the Apple Card option when you’re ask to complete your purchase.

From Apple TV+ to Apple Arcade, Cupertino’s new services fail to bring in big money

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Share Apple TV+
Apple services may not be bringing in the cash, Bloomberg says.
Photo: Charlie Sorrel/Cult of Mac

As Apple’s services division grows in importance, the company’s newest services — Apple TV+, Apple Arcade, Apple News+ and Apple Card — are failing to bring in significant revenue, according to a new report.

Bloomberg‘s Mark Gurman writes that, while services likely will increase yet again when Apple announces its Q3 earnings this week, most of these gains will come from older services like the App Store.

New Apple Card customers get free $50 if they use their card to pay for Apple services

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Here's how you can claim your free $50.
Photo: Apple

Apple is giving out a free $50 to any new Apple Card users who use their fancy credit card to sign up to an Apple subscription service like Apple Music, Apple News+ or Apple TV+, or to spend money in the App Store.

The sign-up deal runs through the end of July. It applies to customers who are spending money on one of Apple’s services using their Apple-branded credit card for the first time.

Apple Card users can defer July payments if pinched by COVID-19

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Even Apple Card charges interest.
Cardholders might be able to defer their July Apple Card payment without accruing interest.
Photo: Apple/Cult of Mac

The novel coronavirus continues to hurt the U.S. economy, with unemployment about 13%. With so many out of work, or earning far less than they usually do, Apple and Goldman Sachs are offering to let people people struggling financially because of the COVID-19 pandemic skip their July Apple Card payment without being hit with interest fees.

Apple expands 0% Apple Card financing to Mac, iPad, AirPods, and more

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Apple Card is underwritten by Goldman Sachs.
Good news ahead of WWDC!
Photo: Apple

Apple has expanded its 0% Apple Card financing option for products, including the Mac, iPad, AirPods Pro, AirPods, and Apple Pencil. (No Apple Watch, though!)

The company previously launched a 0% Apple Card financing option for iPhone in December. However, this is the first time that Apple has expanded this to cover other Apple products. Tim Cook suggested that Apple would be expanding the program during Apple’s most recent earnings call.

Apple Card users could get interest-free payment plans for iPad, Mac

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Apple Card
Apple hopes the service will boost sales.
Photo: Apple

Apple Card users could soon be offered interest-free payment plans for iPad, Mac, AirPods, and more, one report claims.

Sources say Apple is planning to roll out the new service, which will make many of its pricey products more accessible, in the coming weeks. Users will be able to spread the cost of their purchase over as many as 12 months.

Apple Card users can skip May payment if COVID-19 cost them their job

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Apple Card is underwritten by Goldman Sachs.
You could have your Apple Card interest fee waived for May if you’re in financial trouble because of COVID-19.
Photo: Apple

Apple and Goldman Sachs might cut you some slack on your credit card bill if you lost your job during the COVID-19 pandemic. Users of the Apple Card were notified today that they can apply to skip their May payment without interest charges being added.

Amazing Apple Card concept shows the power of augmented reality

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Concept shows the potential of Apple augmented reality.
Augmented reality could make an Apple Card even more user friendly.
Photo: Volodymyr Kurbatov

A concept artist created an answer for anyone dubious about the usefulness of augmented reality. His video demonstrates how AR could give an Apple Card user their balance and recent transactions with only a glance.

Watch the full concept video now:

Huawei just had to copy the Apple Card

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Huawei Card is coming soon
Huawei Card borrows quite a bit from Apple Card.
Artists Concept: Ed Hardy/Cult of Mac

Huawei unveiled its own credit card April 8, just a year after the debut of the Apple Card. That might be a coincidence if the Chinese company didn’t have a long history of copying Apple.

Apple Card base APR rate drops 2% for some users

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Apple Card benefits keep getting better.
Photo: Apple

Some Apple Card users received a surprise APR rate drop this week thanks to the two recent interest rate cuts made by the U.S. Federal Reserve in March. The Apple Card’s base APR decreased by 2% for many Apple Card holders, bringing a little extra credit relief during the COVID-19 pandemic.

Goldman Sachs will get more anonymized data on Apple Card users

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Apple Card is underwritten by Goldman Sachs.
Apple is the face of the Apple Card, but Goldman Sachs really controls it.
Photo: Apple

Apple updated its privacy policy on Apple Card this week in order to share more data with its card partner Goldman Sachs.

The larger data set is still be anonymized and will reportedly be used to allow Goldman Sachs to create a new credit assignment model so that more people are able to get approval for Apple Card.

Apple Card users feeling COVID-19 impact can skip March payment

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Apple-Card
'Helping you lead a healthier financial life.'
Photo: Apple

Apple Card owners who are impacted by the ongoing COVID-19 pandemic have the option to skip their March payment without incurring interest.

In an email to customers, Apple said it understands that it may be difficult for some to keep up with their payments during the outbreak. The company is “committed to helping you lead a healthier financial life,” it added.

You must be aware, however, that you need to tell Apple if you don’t intend to pay this month.

How to export Apple Card transactions to a spreadsheet

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Apple Card in POS
Paying with Apple Card is easy, and now entering theses transactions into a spreadsheet is just as easy.
Photo: Ed Hardy/Cult of Mac

Transferring your Apple Card statement to a spreadsheet application just became a simple process. No third-party software is required — Apple today added the ability to export your transactions in a format that software like Microsoft Excel and Apple Numbers can easily import.

Apple won‘t save you if you default on your Apple Card

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Apple Card is underwritten by Goldman Sachs.
Apple is the face of the Apple Card, but Goldman Sachs really controls it.
Photo: Apple

Don’t expect Apple to go easy on you if you get delinquent on payments to your Apple Card. Because that is not in Apple’s control.

The credit card is underwritten by Goldman Sachs. And the bank made it clear this week that it alone makes the decisions about collections from delinquent cardholders.

How to view your Apple Card transactions in a spreadsheet

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App makes it easy to view Apple Card transactions in a spreadsheet
Let's face it: Very few people love spreadsheets. But they're pretty darn useful.
Photo: Craig Chew-Moulding/Flickr CC

Apple Card advertises itself as being just about the most user-friendly credit card in the history of finance. But, surprisingly, it doesn’t let you easily upload your transaction history into a spreadsheet.

Fortunately, New York-based developer Jed Schmidt has created a tool that changes that. And you can start using it right now.

Apple Card’s ‘elite card’ status hits retailers in the wallet

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Apple Card is one of many cards that carry higher fees for retailers.
Photo: Apple

Some retailers are pushing back against “elite cards” such as Apple Card, a new Bloomberg report claims. These cards’ high-end status means the banks charge higher transaction fees, which offset various rewards programs.

Apple isn’t the only elite card that comes with higher fees for businesses that accept them. The article says a regular Visa card costs $1.27 in swipe fees for a $100 purchase. Meanwhile, a high-end Visa Signature card carries fees of $1.75. These fees are divided between the network, the payment processor and the issuing bank.