Apple announces 'Apple Card,' coming to U.S. this summer

Apple has announced the 'Apple tree Menu.'

The new digital credit carte is available exclusively on Apple tree devices. Apple Card is like shooting fish in a barrel to sign up for on your iPhone'south Wallet app, according to the Cupertino-based company. The digital credit bill of fare volition work anywhere you tin can apply Apple Pay.

Every fourth dimension yous employ Apple Pay with your Apple tree Card, yous'll become two pct 'Daily Cash' back. Direct purchases from Apple users will get three per centum back every bit well. Daily Cash tin can exist 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 yous tin become back daily.

With the Apple Wallet app, y'all can hands encounter your total balance when you lot have to make your adjacent payment and your previous transactions. With Apple Menu, the Cupertino-based company volition too simplify transactions and will utilise data to make your previous transactions easier to read and understand.

The app likewise automatically categorizes the user's purchases, such as 'food and beverage' and 'travel.'

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

Apple has partnered with Goldman Sachs and Mastercard, which volition let the card to exist accustomed all over the world. Goldman Sachs has as well promised to never share or sell user information. Apple plans to keep your information secure and says that the company will not know what you bought, where you bought it and how much it costs.

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

Apple will release a concrete titanium bill of fare that features no carte du jour number, no CVV and no expiry date — though all that information is bachelor on via Apple Pay. Payments with this card will go users 1 percent 'Daily Cash' back.

Apple Card launches this summertime in the U.Southward. 2019. It's unclear if Apple Bill of fare will ever make its way to Canada but we've reached out to Apple for more information and will update this story when it becomes available.