Apple Card was first introduced three years ago and is still rare for U.S. citizens

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The Apple Card was introduced in the US three years ago this month. On August 6, 2019, Apple’s credit card was first made available to a select group of users before being made available to all qualified Americans two weeks later.

Meanwhile, the Apple Card has yet to be introduced outside of the United States, which is problematic for iPhone customers who reside in other countries.

In Canada, where the iPhone has a customer base of over 50% and 76.2 million Visa and Mastercard cards were in use as of January 2021, according to the Canadian Bankers Association, the Apple Card would be extremely practical. The normal 2% cashback on Apple Pay payments and 3% cashback at participating retailers on the Apple Card would be competitive with other Canadian credit cards, although it’s possible that the benefits would differ by country.

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The CEO of Apple Tim Cook, stated that the company was open to selling its credit card in new nations during a trip to Germany in 2019. However, Cook pointed out that different banks and regulatory frameworks exist in different countries. The Apple Card trademark was authorized in Canada last year, but Apple has not yet made any plans to make the card available globally.

The Apple Card, which was introduced in collaboration with the investment bank Goldman Sachs and Mastercard, can be fully managed through the Wallet app on an iPhone or Apple Watch. Its standout features include color-coded spending summaries, cashback that is paid out every day, an interest-free financing option for buying new Apple products, and no fees other than interest on past-due balances. A real Apple Card is also offered for usage in establishments that do not accept contactless payments.

Also Read: Apple is planning to add advertisements to further iPhone apps

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