Apple on Tuesday ended its long-standing Apple Rewards Visa card partnership with Barclays, a move that appears to focus attention on its own Apple Card product financing plans. In August 2019, following the launch of the Apple card in the United States, Apple and Barclays ended the rewards program, which gave users three points per dollar spent on Apple purchases as well as gift card bonuses.
Mark Gurman and Jennifer Surane:
The Cupertino, California-based technology giant told retailers in a note that users will no longer have the option to apply for the credit card in stores or via the company’s website from September 15, the same day two new ones are scheduled to be announced. Apple Watch models and a new iPad Air. Apple told staff that existing cardholders can continue to use the card as a regular credit card.
The Barclaycard Financing Visa agreement allowed customers to purchase Apple products without interest for different amounts of time, depending on how much they spent[Apple] will instead point users to the recently launched Apple Card Monthly Installments plan, which allows Apple cardholders in the US to avoid interest payments for six, 12 or 24 months, depending on which Apple device is purchased.
MacDailyNews Take: Obviously, the Apple Card, not the Apple Rewards Visa, is the way to buy Apple products and services in the future, as it has been since its debut.