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Goldman Sachs released a customer agreement before the official launch of the Apple Card.

via:cnBeta.COM     time:2019/8/3 8:00:25     readed:201


Apple Online Store (China)


Agreement involves qualifications (requires oneappleID and two-factor authentication), how the account is used (no illegal activities), credit limit details, qualified equipment, refunds, payment information, fees, etc.

In the agreement, Goldman Sachs explicitly prohibited the jailbreaking of related devices that were bound to the Apple Card and said that if it did, it would result in the card account being blocked.

It also includes daily cash back (Daily Cash). Products purchased directly from Apple can get 3% cash back, 2% for Apple Pay, and 1% for all other transactions. If a condition is met in a transaction, such as Apple Pay at the Apple Store, he will receive the highest cashback.

Daily cash is given as a percentage of the transaction amount multiplied by the transaction type, which is rounded to the nearest cent and then cashed back in the Wallet app via the Apple Cash card.

In addition, the document provides information on how to determine the interest rate, how to collect the daily balance, when to start accumulating interest rates, how to calculate the minimum repayment amount, and when the payment should avoid interest.

Payments will be made through an Apple Card account or a US bank account, and Goldman Sachs will not issue credit cards by itself. In other words, each Apple ID can only be bound to one card.

For those interested in Apple Card, this customer agreement is really worth a look and can now be found on the Goldman Sachs website.

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