hi everyone Aaron here for ZolloTech and this is the Apple Card
I've been using it for about a week or so and many of you have asked me
questions based off my posts on Twitter and Instagram and YouTube so I thought
I'd try and answer all of those questions for you as best as I can now
keep in mind I'm not a financial advisor or anything like that
but after using it I wanted to share my experience and show you exactly how it
works and how to get it so the first thing is it's only available currently
anyway in the United States so in the United States you can get it you cannot
get it anywhere else in the world yet hopefully soon in Europe and Canada and
then throughout the world later on Apple is partnered with goldman sachs you can
see it on the back of the card here they've partnered with goldman sachs to
fund any of the transactions and work probably as the the credit checker and
things like that now you have to be 18 years old or older and also you have to
have a physical address a Pio box will not work now as far as the interest rate
is concerned based on your credit score of course the interest rate can vary
I've seen as low as about 12% all the way up to 20 something percent my
interest rates about 18 and I have very good credit so I think this is probably
my highest interest rate credit card so in that sense it's it's not really that
good it does have some rewards and things and it's very privacy focused and
I'll talk more about that in just a moment but a couple of the other things
people have asked is can you have multiple users well currently you can't
you can have just yourself you can't share it with a spouse or a significant
other or kids or anything like that it's only for you
know you could hand the physical card to someone and say go buy something but
other than that you can't do it now as far as being privacy focused Apple says
they don't share any information about your purchases with anyone else they
won't be sending you any information or advertising and things like that so
hopefully that's true I would imagine that it is but currently I haven't seen
any of that whatsoever now it can be used anywhere Apple pay can be used and
anywhere MasterCard can be used so it's just a MasterCard credit card so if the
actual retailer doesn't accept Apple pay with your phone you can use just the
physical card now to first apply for it let me show you how this works
to apply for Apple card all you need to do is either go to the website Apple
comm hit apply now when you go to the Apple card page or just go into the
wallet app and apply the decision comes back pretty quickly and even if you
don't get accepted you can send that off to see if you can get accepted by a
physical human review and I've seen people get anywhere from about two
hundred and fifty dollars with people just starting out with no credit and
like I said much higher than that now as you can see the card itself in the
wallet has a bunch of different colors it actually starts out as white and as
you purchase things the colors change to match categories of what you've
purchased so you'll see I've purchased three hundred and two dollars and
eighty-seven cents worth of things this past week or so and you can see all of
my transactions down at the bottom now the nice thing is if you've never used
Apple pay when you use Apple pay it gives the retailer a random number so if
that retailer has an issue with a data breach they actually won't be able to
figure out who had that card and your information is still safe so that's one
great thing about it you also don't have to get the physical card but if you do
you'll get it about three days later and then to set it up let me show you how
that looks when you unbox it and then set it up for the first time so the
package arrived in this little brown envelope and inside we've got the little
package for the Apple card and it's the Apple card we expected inside it's just
a white Apple card with an apple in the upper left and a chip in the bottom
right in my name no number printed on it at all let's set it up with the phone
we'll bring our phone near and you'll see it shows up just like the air pods
do and we'll hit activate and that was all there was to it we'll go ahead and
hit continue here let's take a little bit closer look at the car and you'll
see it's white and it's titanium so it's a metal card and you don't hear that
sound from many cards that you drop so it's kind of interesting and it just
says MasterCard and Goldman Sachs on the back so the Apple Card itself just has
your name on it and nothing else there's no identifiers other than your name and
it keeps all of your information safe now let's take a really close look at
the app let me show you how this works so the
app has a card at the top and this card changes color based on the categories
that you've purchased goods from and I'll show you that in a moment
then it shows you your balance based on what you have available you can pay it
early and then if you have a question it's telling me that I have support
options I can just close that and then also you'll see all of your transactions
below now each one of these transactions is going to give you a reward amount
it's only one to three percent it's one percent if you use the physical card
then it's two percent if you use Apple pay and then at select vendors such as
Apple and uber currently those are the only two you can actually get three
percent back so three dollars on every $100 spent it's not a huge return and
that is the best you'll get currently so maybe that will increase in the future
but if you have a card that gives you 5% back or maybe a ton of airline miles
that's probably a better deal now what makes Apple card nice though is this app
itself so the app is showing me my purchase if I go to say McDonald's
you'll see there's actually the location of where I made the purchase it tells me
more information about that then if I go into the transaction you'll see down
here it says report an issue so I can report an issue and then you have a lot
more information in here than you see with other cards so monthly activity it
actually breaks it down into categories so not only do I get my daily cash I
have my categories so I have services foods and drinks entertainment and
health and you'll see all of those are broken down then I can show the
merchants themselves now for every purchase that you make like I said you
get a percentage and you get that the same day so that will dump into your
daily cash every day and that daily cash actually accumulates on your Apple cash
card so you have to have that as well and you can use that Apple cash card at
any Apple pay retailer that accepts Apple pay or you can send that money to
a friend or dump it into a bank account if you want to now if we go into we go
back here all of our card information is in these three dots in the upper right
so up here you'll see that we can message someone if we need help and
that's something I would actually suggest you do is for
arbitration is concerned if you don't opt out of arbitration which basically
gives you no legal right if you have issues other than being within a group
arbitration is something I would opt out of right away you can text them and say
I'd like to opt out of arbitration it's just a simple message and I did it here
already as you can see it says how can I help you
and I said I'd be happy to assist you with that so up here you'll see I would
like to opt out of arbitration clause on the new Apple card please they did it
right away and you're good to go that gives you all of your rights back as far
as a card holder if you have a legal issue now other than that you'll see in
the upper right here again if I go back you can call them if you need help
you've got a website you can schedule your payments make a payment
you've got your card information if you tap on this this will actually give you
your card information if you want to use it on a website so if you want to use it
on any site that accepts a MasterCard but doesn't accept Apple pay all you do
is put in your card information it's just a normal number and a normal
expiration date and your code there as well now also down here you'll see
credit limit available credit APR and then what you want to do down here is
link a bank account and that's how you pay off the card so you need to actually
link an account to pay the card and it's just any bank account it doesn't matter
if they accept Apple pay or anything like that you just put in your checking
or savings account and then you can pay it you can put multiple bank accounts
there as well and if you scroll down you've just got
your home address and that's really it as far as the way that works now if we
want to pay it early we tap on pay early and this is where it's pretty
interesting it tells you based on how much you pay now what your interest will
be if I pay it now there's no interest if I pay here you'll see it says no
interest charges because I'm paying it early but if I was to pay it late it
would show me interest charges so it's really nice we'll just go here we'll pay
the full amount right now and it wants to use Apple pay
now my balance is fully paid and you'll see the card itself is white that shows
me that all of the categories are gone everything's paid and I'm good to go so
it's really nice very simple and straightforward and there's the actual
payment at the top it's really simple to use and I really like the way they've
made this app now a couple different things people have asked can you take
cash out with it you can't take cash out with it and it
also doesn't have a pin if you travel internationally or have pin car codes
for your card it doesn't have one of those now maybe it will when it's
available in other countries but currently it doesn't have any of that
now the Apple Card is great but there's better deals out there as far as
cashback and things like that this is a great card for the first time credit
card user and also I really like the app that's really what makes the Apple card
special now the funny thing is Apple says don't put this next to or put this
in a leather wallet because it could discolor it if it's touching leather and
also don't put it next to other credit cards they've also offered cleaning
instructions on the website I'll link that in the description but I can't
imagine wanting to regularly clean my Apple card and then also use take care
when it's in a wall I'm just going to use it like any other card and hopefully
it holds up well normally I'll use the phone to tap and pay anyway but let me
know your thoughts in the comments below if you've got one what do you think of
it if there's any other questions you have I'd love to hear what you have to
say as well if you haven't subscribed already please subscribe and hit that
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released of course I'll link this wallpaper in
the description as I always do if you enjoyed the video please give it a like
as always thanks for watching I'll see you next time