Apple launches its first credit card with daily cash rewards, no penalty, low interest

Rewards:
1. Customers will receive a percentage of every Apple Card purchase amount back as Daily Cash. The daily cash is added to customers' Apple Cash card every day and can be used right away for either purchases using Apple Pay or to put toward their Apple Card balance.

2. The daily cash can also be sent to friends and family in messages.

3. Every time customers use Apple Card with Apple Pay, they will receive 2 per cent Daily Cash. Customers will also get 3 per cent Daily Cash on all purchases made directly with Apple, including at Apple Stores, on the App Store and for Apple services.

Fee and Interest:
1. There are no fees associated with Apple Card like annual, late, international or over-the-limit fees.

2. Since Apple card is aiming to provide interest rates that are among the lowest in the industry, if a customer misses a payment, they will not be charged a penalty rate.

3. Apple Card is also offering a range of payment options and calculates the interest cost on different payment amounts in real time.

4. As a way to pay less interest, Apple Card will also suggest paying a bit more every month and offers the flexibility to schedule more frequent payments.

TAGS : apple launches its first credit card with daily cash rewards, no penalty, low interest, apple credit card, apple card, new technology, ifairer