One of the surprises of last Monday’s keynote was Apple’s credit card. The Cupertino company takes a big leap by complementing its payment platform with the Apple Card and promises a unique user experience. We already know some curiosities but new details have been unveiled that help us to better understand how the Apple Card works.

The data has been revealed by TechCrunch and it clarifies many of the doubts we had, such as how Apple is going to make money with this card.

All the details of the Apple Card

Apple has given it all very well tied up and its credit card is possibly the most secure in the world thanks to various implementations they have made. We know that even if it was announced only for the US, Apple is working to reach countries soon, so these details are sure to interest you.

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Basic operation

The most interesting thing about the Apple Card is that it could be configured in minutes on any iPhone with Apple Pay from the Wallet app. In addition, this app will show us in a very visual way all the expenses and payments made with the card, whether made with Apple Pay or not. Yes, the Apple Card can be used outside of Apple Pay as a regular card.


One of the main features of the Apple card is what they have called “Daily Cash”, basically a refund of some of the money you have spent each day. Apple will refund 2% of the total you spent buying with your Apple Card each day, 3% if you purchase from an Apple Store.

No commissions

Apple boasts of not charging any fees for having or purchasing with your card. It is a completely free card that will cost you nothing per year, however it is a credit card and as the rest has associated interest in case of delaying payments.

So how does Apple make money from your card?

There are two ways Apple will make money with the Apple Card. With each card transaction, banks take a percentage of it to use their cards, with the use of Apple Pay the company also takes a share. If you use your card, this percentage will be complete with Apple.

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On the other hand there are the interest on credit cards. The North American market is very different from the European market, there it is usual to have several credit cards that what they actually do is lend you money. At the end of the month it is you who decide how much money you want to pay off and therefore a series of interests are generated. This is where these types of cards actually make money, and while Apple has assured that their interests are below average, they’re still interest. This is perhaps the main problem in bringing the Apple Card to Europe.

Apple Card Curiosities and Details

Once we have analyzed the key points of the Apple card, which by the way is not the first offered by the company, we go with other important details and other curiosities that have been unveiled:

  • The physical Apple Card has no signature or number.
  • We won’t see the classic three-digit security code, no CVV.
  • For added security, Apple will generate a number and code on the virtual card when we want to pay online with the Apple Card, but these numbers will not be permanent.
  • Each purchase will require a confirmation code that will appear after we are identified with Face ID or Touch ID.
  • At the moment you can’t register an Apple Card with multiple names, it’s not multi-user.
  • Your purchase data will not be sold to third parties.
  • You will have a chat open 24 hours a day for any queries.
  • Free Card Replacements.