The freshly announced Apple Card, made of titanium is a game changer, according to Tim Cook. In fact, he is confident that it is the biggest credit card innovation in half a century!
Apple Card – which will use the MasterCard network – seeks to entice customers with a number of incentives, such as a budget tracker and the claim of “no fees” (while including a standard footnote about variable APRs that range from 13.24 per cent to 24.24 per cent “based on creditworthiness”), that on the face of it appear to fall into line with its soon-to-be competitors. “This is pretty straightforward in terms of a consumer credit card, with some novel elements to it,” says Peter Berg, who previously led venture investing and partnerships at Visa.
Read the entire story over at Wired.
Image Credits: Apple/Wikipedia
