Back in March, when Apple first revealed the Apple Card, experts agreed that it holds great potential for disrupting non-tech organizations that are going through digital transformation. The card was planned to launch sometime this month, and the company started receiving applications a couple of weeks ago as part of a preview rollout for random people that have pre-registered for the service. Now, they're officially open for everyone in the U.S. and all you have to do to get started is open the Wallet app on your iPhone or iPad, or the Wallet & Apple Pay menu from Settings. Keep in mind that you need to be on iOS 12.4 or later, and the application process typically takes a minute or two to get approved or rejected. Interestingly enough, Steve Jobs explored the idea of an Apple Card in the 90s but dropped it because he didn't want anyone to get declined.

Apple Card exists in two forms, one being a digital card and the other being a physical one made of titanium and lacking any sort of visible credit card number or CVV code - instead, it will only have the name of the owner etched on it alongside an Apple logo. It can, however, be used just like any traditional card with a chip and magnetic stripe, and is permanently linked to a single iPhone user account as of writing. The transactions will be processed through MasterCard's merchant network. If your application is approved, you'll get a 'no fees' kind of card, including international and over-the-limit fees. Instead, the whole idea is that Apple will offer user-specific terms such as a credit limit between $250 and $7,500 and at an interest rate between 13 percent and 24 percent. The company also promises 24/7 app-based support and a focus on security and privacy.