New Apple Card costs $2000, has an optional add-on chip to lower APR by 1%

Those wanting the new Apple Card will begin their contracts $2,000 in debt as the credit card is the first to require a starting balance. Savvy consumers will have the option to purchase an upgrade chip that lowers their APR by 1%. The chip will sell for an extra $499 and take the average customer $800 and two years to pay off.