Apple's 'lower rate' credit card has a higher-than-average APR

On its new Apple Card website, Apple shared more details about its newest payment method: a credit card backed by Goldman Sachs and on the MasterCard network. 

The digital (and accompanying physical titanium card) card was introduced Monday at Apple's event to showcase new video streaming, gaming, and news services. The new card that's used through the iPhone's Wallet app won't arrive in the U.S. until summer, but that didn't stop Apple execs from hyping the card.

But to get any of the details about the card, you have to keep scrolling on the new Apple Card site to find anything. In the fine-print footnotes, that "lower interest rate" discussed at the event was finally specified. The site states, "Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of March 2019." Read more...