Among the TV shows, magazines and gaming services revealed during Apple's "Show time" event was a surprise entry into a category that could no longer be outside Apple's wheelhouse: a credit card. Called the Apple Card, it's not a traditional plastic credit card that gives you points on things you buy. Rather, it is a whole new way to shop online and offline. Here's everything you need to know about it:
Update 8.05.19: The website wallet.apple.com has now been populated with instructions on how to register on the Apple Card, along with an email link to be notified when available. Apple is now sending Apple Card Preview invitations to a very limited group of testers.
What is Apple Card?
Apple Card is an Apple-branded credit card from MasterCard. Unlike today's Barclaycard Visa with Apple Rewards, which is a partner card, the Apple card is owned and operated by Apple.
When will it be available?
Apple says the Apple card will be available in August.  How do I apply for the Apple card?
With your iPhone, of course. Applications go through Apple Pay in the Wallet app, which means you'll probably bother periodically searching if you don't already have one.
You must be 18 years of age or older and a US citizen or legal resident to apply.
The wallet.apple.com website has instructions on how to register, including a video.
1. Open the Wallet app on your iPhone.
2. Press the (+) button in the upper right.
3. Select Apple Card.
4. Fill out your information: name, date of birth, email address and phone number.
5. You will be presented with a screen showing your credit limit and interest rate. Touch Accept.
To search the iPad, go to Settings > Wallet & Apple Pay.
So I have to have an iPhone?
That's right. The card information is stored in the Wallet app and you need an iPhone to get it.
Will my old iPhone work?
Probably. Any iPhone that supports Apple Pay and the Wallet app will work, so unless you have an iPhone 5s, you're good.
What about the iPad?
You can't download the Wallet app on the iPad, so there's no way to search, and it doesn't have NFC so you can't use it in stores. However, you will be able to use it for the Apple Store app and Apple Pay online if you sign up for your iPhone.
Can I get a physical card, or is it just virtual?
Apple also offers laser etched titanium cards for those times when Apple Pay is not available. In true Apple fashion, the card is minimal and lovely, with no number, expiration date or CVV code to attach it.
What if I need my card number or expiration date?
You can find the information in the Wallet app.
What if I lose my Apple card?
Apple will provide a button in the Wallet app so you can freeze the card and order a new one.
Which bank issues the card?
Apple has partnered with Goldman Sachs. Note that this is the bank's first consumer credit card.
How fast do I get approved?
Apple says that approval takes minutes, so the whole process probably takes about as long as it would when applying for a store card.
When can I start using my Apple card?
Since all your card information is stored on your phone, you will be able to start using the new card as soon as you are approved.
How do I buy?
Just like with other cards. When you buy something at a store that accepts Apple Pay, you will be able to hold your phone near the contactless browser or double-click the Home or Power button (depending on your iPhone model) to quickly bring up the payment screen and authenticate using Touch ID or Face ID.
Can I use Apple Card with Apple Watch?
Of course. Since it is a regular credit card, it works the same as any other card.
Can I schedule payments for things like recurring bills and tools?
Since you have a default number, expiration date, and CVV in the Wallet app, you only need to enter that information on the payment page for which bill you want to add.
Are there any registration bonuses?
Apple did not mention any sign-up bonuses during the announcement of the Apple Card, but that does not mean that there will be no occasional offers to entice new users.
Is it a rewards program?
Yup! Apple's rewards program is called Daily Cash. Instead of a complicated points system, it simply pays cash back for every purchase you make.
What is the Daily Cash Reward Rate?
The Apple Card pays you 3 percent back on Apple Store purchases and iTunes downloads, and 2 percent back on all other purchases made with Apple Pay. However, when you use the physical Apple card, you only get 1 percent back.
Is there a limit to how much Daily Cash I can get?
No, Apple does not put a limit on how much Daily Cash you can make, but the amount you earn is based on how much you spend, and there is a limit to that.
Can I use Daily Cash immediately?
That's why it's called Daily Cash. Instead of waiting a month or a year to get a rewards check, everything you've earned will automatically be inserted into your wallet in the form of an Apple Pay Cash card. From there, you'll be able to transfer them to your bank account, send money to a friend, or simply use it to buy anything at any store that accepts Apple Pay.
What if I need to return something that I & # 39; Have you already received a reward for?
It's not quite clear yet, but probably Apple will either charge your card the amount that needs to be reversed or deduct it from your Daily Cash balance.
Where can I view a transaction record?
Everything you need to see will be right within the Wallet app, including payment date, transaction and payment history, and analytics. Apple also wants to color code expense categories so it's "easy to see trends in consumption. … Do you see a lot of orange? It's stuff like lunch and coffee. Green? Must be these tickets to Miami."
Is there any annual fees?
Are there any late fees?
What about foreign transaction fees?
Again, No. Apple says there are no fees for the Apple card, even if you accidentally exceed your spending limit.
What are the interest rates?
Apple boasted that their interest rates are among the lowest in the industry, but they aren't exactly friendly. On the Apple Card website, Apple says the April variable ranges from 13.24 percent to 24.24 percent from March 2019, so that may change when the card is launched.
What about cash advances?
We do not know what Apple's terms for cash advances will be, but generally they have extremely high interest rates.
When is my bill due?
Instead of a flexible due date, Apple pays all card payments on the last day of the month, regardless of when you searched.
What if I miss the payment date?
Since there are no late fees, it is not clear how Apple will apply interest rate changes to your bill. Credit cards are required to offer at least 21 days between your bill arriving and it's due, but since there probably won't be paper information with the Apple card, we have to wait to see the final terms and conditions.
How do I pay?
You pay in the Wallet app with a payment button.
Can I make more than one payment per month?
Yes, in addition to standard monthly payments, Apple will also let you configure "weekly or bi-weekly payments that match when you get paid."
How can I see my interest and fines?
Before submitting your payment, Apple will display a smart payment suggestion wheel that lets you know how much interest will accrue based on how much you pay.
Is Barclaycard Visa With Apple Rewards Lost?
It is unclear whether Apple will continue to offer or support Barclaycard Visa for the Apple Store buyer after the Apple card is released.
Will Apple see all my transactions?
Apple says that transaction history and spend summaries are generated on your iPhone, so Apple won't be able to see any of your card data.
What about Goldman Sachs?
Since those who lend money and secure each transaction, Goldman Sachs will keep an overview of every purchase and payment you make with your Apple card.
Will Goldman Sachs sell my data?
Apple says Goldman Sachs has agreed to "never share or sell your data to third parties for marketing or advertising."
What if I need to contact support?
Apple has baked Apple Card support right into Messages via Business Chat. However, instead of calling an automated service, you will only send a text and a person will respond 24 hours a day, seven days a week.