Wednesday, November 12, 2014

Apple/Barclaycard - New Co-branded Credit Card

Apple Pay
With the launch of Apple Pay last month in the US, Apple and Barclaycard have come up with a new co-branded credit card with embedded EMV chip and pin support together with revised rewards and financing options.The latest Apple Rewards cards comes now with three points on each dollar spent at the Apple Store, one point for a dollar on all purchases and two for restaurants.

When a user reaches the threshold of 2,500 points, they are eligible to receive a $25 Apple Store Gift Card. Barclaycard recently announced a revamped version on its credit card partnership with Apple and the Barclaycard Apple Rewards Visa, offering new Apple rewards program as well as financing deal through AppleInsider.

Moreover, the cards also provides a privilege to the customers with the ability to finance purchases that are made through Apple with no interest for purchases made in the first thirty days, on opening an account and the purchases made under $498 could be financed for 6 months while purchases under $998 for 12 months and over $999 for 18 months.

The new card is an improvement from the earlier Barclaycard with iTunes Rewards whichdid not offer a triple points rewards for their consumers and started off by paying only two points on every dollar spent at the Apple Store or iTunes Store with one point on every dollar spent anywhere else.

Stronger Security Support – Chip & Pin 

The pay-out at 2,500 points was at iTunes gift card instead of an Apple Store gift card and reaching that threshold seemed a bit difficult for several customers without the option of the triple points.However, though the card is not confirmed yet to work with Apple Pay, it is expected since both Visa as well as Barclaycard is participating partners.

Moreover the new card also includes a stronger security support of Chip & Pin security and not Chip and signature as in the case of most of the other latest cards in the US, with embedded EMV Chip for the purpose of security.

Barclaycard Apple Rewards Visa can be applied for, at present on Barclaycards’ Official website and Apple is also promoting updated card with its reward and financing options on the online store of the company.

Though as of now, the new Barclaycard Apple Visa Rewards does not work with Apple Pay, support for Apple’s mobile payment system is expected keeping in mind that Barclaycard is a supporter of the system together with Visa.

Apple to Enable Apple Pay 

Users could apply for the Barclaycard Visa with Apple rewards wherein they can receive a reply within a short span of time of around 30 seconds and if the same is approved, a new account can be activated for immediate use at Apple.

Apple, it is said is planning to enable the card for Apple Pay soon, given to understand that Barclaycard is one of the participating Apple Pay partners as well as Apple’s long standing retail partner. To get to know on more details, users could check with Barclaycards which has a new FAQ at its website providing details on the specifics of earning and claiming rewards.

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