First of all, traditional (tracing) GCs require more expensive runtimes and consume much more memory. ARCs are also much more predictable in their behavior and pave the way for greater compile time optimizations. ARC is key in providing Swift its ability to maintain its low memory footprint compared to, say, Java.

Second, yes, ARC is a GC method. But when the language says "no garbage collector", they just mean no traditional (tracing) GC runtime because, for better or worse, tracing GC is what people think of when they hear "garbage collector".