Here’s what Tim Cook didn’t reveal, from Apple Card details to the Arcade game service
Apple is throwing money at its bank
It’s US-only (for now?) but Apple is pushing its new credit card hard. The company is offering 2% cashback, paid daily, on any purchase made with the card using Apple Pay, and 3% on any purchase made with Apple itself, including the App Store and Apple Music. For purchases made in stores and online that don’t take Apple Pay, of which there are a lot, the rate is lower, at 1%. But those figures show how much Apple is willing to pay to make its card a success. For comparison, the best cashback card in the US, according to those who track this sort of thing, is the Citi Double Cash Card, which offers 2% cashback on everything but doesn’t drop the fees that Apple has, such as overseas transactions or late payments.