Apple announces ‘Apple Card,’ coming to U.S. this summer

Apple has announced the ‘Apple Card.’

The new digital credit card is available exclusively on Apple devices. Apple Card is easy to sign up for on your iPhone, according to the Cupertino-based company.

Every time you use Apple Pay with your Apple Card, you’ll get two percent ‘Daily Cash’ back. Direct purchases from Apple users will get 3 percent back as well. Daily Cash can be used everywhere you can use Apple Pay, and can even be used to pay off your balance. There is no limit to how much money you can get back daily.

To save on interest you can pay bi-weekly and weekly. Apple Pay has no late fees, no annual fees, no over limit fees and no international fees. Even if you miss a payment Apple will not charge a penalty. The American company has also promised lower interest fees.

Apple has partnered with Goldman Sachs and Mastercard, which will allow the card to be accepted all over the world. Goldman Sachs has also promised to never share or sell user information.

Every payment needs either Face ID or Touch ID for it to go through.

Apple will release a release a physical titanium card that features no card number, no CVV and no expiry date — though all that information is available on via Apple Pay. Payments with this card will get users 1 percent ‘Daily Cash’ back.

Apple Card launches this summer in the U.S. 2019.

More to come…

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