Apple is launching a credit card which it says will offer"clearer and more compelling" rewards than rivals.
It claimed it would build on the success of its Apple Pay offering, allowing customers to manage the device on their iPhone.
There's certainly a gap in the market for a credit card with extremely high interest rates, a bland card design and a card that's completely incompatible with most card readers.
Backed by Goldman Sachs and MasterCard, forgive my cynicism. Still the Apple fanboys will be queying up.
So Apple are taking the profits from the sizeable margins they make on their products to loan people money and then charge them interest on top. As they say money makes money.🙄
Hard to swallow
Do you get that card?
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