Is the world ready for the Apple credit card?

  • Twitter
  • Facebook
  • Pinterest
  • Linkedin

With more Questions than answers, Is this a novelty item for apple customers, are perks worth it and is the Africa Market ready for this?

As we all know by now, one of the big reveals by Apple 24 hours ago was the Apple credit card –another accessory to include in your Apple product collection it seemed like as Hollywood elite gathered round to endorse it. In my opinion this has been created to appeal to Apple’s customer base and young trendy millennial, some with little or no knowledge of what a credit card is and is used for and of course how to maximise its perks.

Coming down to the Africa market, I have the feeling this would not make as much buzz with the every growing young techie youngsters and fashionable adults.

Now back to the upside of this new Apple service. Judging from my twitter reviews i would say customers are on the fence with this one and the line is split 50/50.

Steps in the right direction include

  1. Step 1 the final product in my opinion looks great. The Aesthetics would be very attractive to customers especially as it is made from titanium;  the blank surface on either side of the card has no numbers just your name and the chip. It is made from Titanium. I believe banks in the near future be adopting this new trend set by Apple.
  2. % cash back – Now this is both a good and feature. Let me explain;  1% cash back on all purchases, 2% cash back when used through Apple Pay 3% cash back on apple products.
  3. No fees or foreign transaction fees unlike most credit card providers. The card is free to order/own and like i said no charges or hidden fees.
  4. Credit card usage can easily get out of hand as many of you who own and use credit cards can testify to –and the reason being for many is that they have very little visibility of their spending and quickly run into the reds. Apple credit card echo system features Enhanced analytics and customised monitoring showing real time data for your transactions, down to the bare minimum. So you will be able to track your spending by Days, Weeks or Months just to feel on top of things and to ensure nothing gets out of either your hand or apple’s hands.

Steps in the wrong direction

  1. If you noticed Apple disabled their YouTube comment section so that no one is able to leave comment on what their thoughts are on the apple credit card but this did not deter apple and non apple users alike taking to social media to respond to the unveiling.
  2. First red flag would be the fact that this card was created by apple but backed by a bank — Then we hear over and over again during the presentation that this was not your regular banking credit card structure. This was stressed so much to the point i will assume most watchers like myself switched off or zoned out for a few seconds or more. Now what bank did Apple choose to partner with for this venture?
  3. Goldman Sachs –If you have never heard of this bank count yourself lucky. One of the Biggest banks in America that defrauded its investors during the financial crisis of 2007. This was later settled out of court where they agreed to pay $5.1 Billion.
  4. Next point of worry is the card processing –Apple created its credit card but all its transaction processing will be done via MasterCard.
  5. A quick google search would show you that there are many better credit cards in the American market than this – like the Citi Double Cash Rewards Card – that give you a much more broad 2% cash back, without an annual fee, while also offering extended warranty protection. Or, the Discover Cash Back which offers 5% cash back on revolving categories. So if your goal is maximizing rewards and going for the best credit card possible, the apple card isn’t it. They missed the mark on that one.

However, if your goal is just getting a basic, no fee card that you can enjoy and use – and you don’t care about getting the highest value all the time – then it’s good. And this is definitely the biggest demographic out there, who apple plans to market to. They understand the average audience and they’re making a mass market card for most people.

That been said, we technically do not have the environment for this technology yet. Though reports suggest that EMV’s have risen upwards of 77%, it is an issue  with the flaky internet bandwidth and a banking system still developing to catch up to the standards of the western world; I’d say we can look to apple pay via mobile device and or credit card sometime in the not too distant future.

Surprised at the Apple credit card? Definitely I’m not. Disappointed? Definitely I am.

Vib this

Leave a Reply

Your email address will not be published.
Required fields are marked *

Terms of Service (adsbygoogle = window.adsbygoogle || []).push({});

Welcome to Hitvibz
These terms and conditions outline the rules and regulations for the use of Hitvibz’s Website.
Hitvibz is located at:
His Grace House, New Eneka Layout Eliozu, Port Harcourt, Rivers state – 23401, Nigeria

By accessing this website we assume you accept these terms and conditions in full. Do not continue to use Hitvibz’s website
if you do not accept all of the terms and conditions stated on this page.
The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice
and any or all Agreements: “Client”, “You” and “Your” refers to you, the person accessing this website
and accepting the Company’s terms and conditions. “The Company”, “Ourselves”, “We”, “Our” and “Us”, refers
to our Company. “Party”, “Parties”, or “Us”, refers to both the Client and ourselves, or either the Client
or ourselves. All terms refer to the offer, acceptance and consideration of payment necessary to undertake
the process of our assistance to the Client in the most appropriate manner, whether by formal meetings
of a fixed duration, or any other means, for the express purpose of meeting the Client’s needs in respect
of provision of the Company’s stated services/products, in accordance with and subject to, prevailing law
of Nigeria. Any use of the above terminology or other words in the singular, plural,
capitalisation and/or he/she or they, are taken as interchangeable and therefore as referring to same.Cookies
We employ the use of cookies. By using Hitvibz’s website you consent to the use of cookies
in accordance with Hitvibz’s privacy policy.Most of the modern day interactive web sites
use cookies to enable us to retrieve user details for each visit. Cookies are used in some areas of our site
to enable the functionality of this area and ease of use for those people visiting. Some of our
affiliate / advertising partners may also use cookies.License
Unless otherwise stated, Hitvibz and/or it’s licensors own the intellectual property rights for
all material on Hitvibz. All intellectual property rights are reserved. You may view and/or print
pages from for your own personal use subject to restrictions set in these terms and conditions.
You must not:

Republish material from
Sell, rent or sub-license material from
Reproduce, duplicate or copy material from

Redistribute content from Hitvibz (unless content is specifically made for redistribution).
User Comments

This Agreement shall begin on the date hereof.
Certain parts of this website offer the opportunity for users to post and exchange opinions, information,
material and data (‘Comments’) in areas of the website. Hitvibz does not screen, edit, publish
or review Comments prior to their appearance on the website and Comments do not reflect the views or
opinions ofHitvibz, its agents or affiliates. Comments reflect the view and opinion of the
person who posts such view or opinion. To the extent permitted by applicable laws Hitvibzshall
not be responsible or liable for the Comments or for any loss cost, liability, damages or expenses caused
and or suffered as a result of any use of and/or posting of and/or appearance of the Comments on this
Hitvibzreserves the right to monitor all Comments and to remove any Comments which it considers
in its absolute discretion to be inappropriate, offensive or otherwise in breach of these Terms and Conditions.
You warrant and represent that:

You are entitled to post the Comments on our website and have all necessary licenses and consents to
do so;
The Comments do not infringe any intellectual property right, including without limitation copyright,
patent or trademark, or other proprietary right of any third party;
The Comments do not contain any defamatory, libelous, offensive, indecent or otherwise unlawful material
or material which is an invasion of privacy
The Comments will not be used to solicit or promote business or custom or present commercial activities
or unlawful activity.

You hereby grant to Hitvibz a non-exclusive royalty-free license to use, reproduce,
edit and authorize others to use, reproduce and edit any of your Comments in any and all forms, formats
or media.

Hyperlinking to our Content

The following organizations may link to our Web site without prior written approval:

Government agencies;
Search engines;
News organizations;
Online directory distributors when they list us in the directory may link to our Web site in the same
manner as they hyperlink to the Web sites of other listed businesses; and
Systemwide Accredited Businesses except soliciting non-profit organizations, charity shopping malls,
and charity fundraising groups which may not hyperlink to our Web site.

These organizations may link to our home page, to publications or to other Web site information so long
as the link: (a) is not in any way misleading; (b) does not falsely imply sponsorship, endorsement or
approval of the linking party and its products or services; and (c) fits within the context of the linking
party’s site.

We may consider and approve in our sole discretion other link requests from the following types of organizations:

commonly-known consumer and/or business information sources such as Chambers of Commerce, American
Automobile Association, AARP and Consumers Union; community sites;
associations or other groups representing charities, including charity giving sites,
online directory distributors;
internet portals;
accounting, law and consulting firms whose primary clients are businesses; and
educational institutions and trade associations.

We will approve link requests from these organizations if we determine that: (a) the link would not reflect
unfavorably on us or our accredited businesses (for example, trade associations or other organizations
representing inherently suspect types of business, such as work-at-home opportunities, shall not be allowed
to link); (b)the organization does not have an unsatisfactory record with us; (c) the benefit to us from
the visibility associated with the hyperlink outweighs the absence of ; and (d) where the
link is in the context of general resource information or is otherwise consistent with editorial content
in a newsletter or similar product furthering the mission of the organization.

These organizations may link to our home page, to publications or to other Web site information so long as
the link: (a) is not in any way misleading; (b) does not falsely imply sponsorship, endorsement or approval
of the linking party and it products or services; and (c) fits within the context of the linking party’s

If you are among the organizations listed in paragraph 2 above and are interested in linking to our website,
you must notify us by sending an e-mail to
Please include your name, your organization name, contact information (such as a phone number and/or e-mail
address) as well as the URL of your site, a list of any URLs from which you intend to link to our Web site,
and a list of the URL(s) on our site to which you would like to link. Allow 2-3 weeks for a response.

Approved organizations may hyperlink to our Web site as follows:

By use of our corporate name; or
By use of the uniform resource locator (Web address) being linked to; or
By use of any other description of our Web site or material being linked to that makes sense within the
context and format of content on the linking party’s site.

No use of Hitvibz’s logo or other artwork will be allowed for linking absent a trademark license
Without prior approval and express written permission, you may not create frames around our Web pages or
use other techniques that alter in any way the visual presentation or appearance of our Web site.
Reservation of Rights
We reserve the right at any time and in its sole discretion to request that you remove all links or any particular
link to our Web site. You agree to immediately remove all links to our Web site upon such request. We also
reserve the right to amend these terms and conditions and its linking policy at any time. By continuing
to link to our Web site, you agree to be bound to and abide by these linking terms and conditions.
Removal of links from our website
If you find any link on our Web site or any linked web site objectionable for any reason, you may contact
us about this. We will consider requests to remove links but will have no obligation to do so or to respond
directly to you.
Whilst we endeavour to ensure that the information on this website is correct, we do not warrant its completeness
or accuracy; nor do we commit to ensuring that the website remains available or that the material on the
website is kept up to date.
Content Liability
We shall have no responsibility or liability for any content appearing on your Web site. You agree to indemnify
and defend us against all claims arising out of or based upon your Website. No link(s) may appear on any
page on your Web site or within any context containing content or materials that may be interpreted as
libelous, obscene or criminal, or which infringes, otherwise violates, or advocates the infringement or
other violation of, any third party rights.
To the maximum extent permitted by applicable law, we exclude all representations, warranties and conditions relating to our website and the use of this website (including, without limitation, any warranties implied by law in respect of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill). Nothing in this disclaimer will:

limit or exclude our or your liability for death or personal injury resulting from negligence;
limit or exclude our or your liability for fraud or fraudulent misrepresentation;
limit any of our or your liabilities in any way that is not permitted under applicable law; or
exclude any of our or your liabilities that may not be excluded under applicable law.

The limitations and exclusions of liability set out in this Section and elsewhere in this disclaimer: (a)
are subject to the preceding paragraph; and (b) govern all liabilities arising under the disclaimer or
in relation to the subject matter of this disclaimer, including liabilities arising in contract, in tort
(including negligence) and for breach of statutory duty.
To the extent that the website and the information and services on the website are provided free of charge,
we will not be liable for any loss or damage of any nature.
Terms of service

Credit & Contact Information
This Terms and conditions page was created at generator. If you have
any queries regarding any of our terms, please contact us.

.fb_iframe_widget_fluid_desktop iframe { width: 100% !important; } (adsbygoogle = window.adsbygoogle || []).push({});
Vib this (adsbygoogle = window.adsbygoogle || []).push({});

This site uses Akismet to reduce spam. Learn how your comment data is processed.