Yesterday, Apple hosted its live keynote event, dubbed "It’s show time," where it unveiled a slew of new elements of the tech brand including the reveal of the Apple Card. Essentially a form of the traditional credit card, it has been created to help customers lead a healthier financial life as it doesn’t carry any “annual, late, international or over-the-limit fees” as well as lower interest rates.
Additionally, the card of course works as an app, similar to Apple Pay, which tracks exact locations of charges via GPS, updates you on transactions as they happen and ‘Daily Cash’ rewards which show you how much you’ve earned as a reward for making purchases using Apple Card.
“Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone. “[Its] designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money, transparency to help them understand how much it will cost if they want to pay over time and ways to help them pay down their balance.”
Apple also elaborated on updates to Apple News Plus, Apple Arcade and Apple TV+ Check out the promo video for Apple Card above and check out the official Apple website for more information. In related news, take a look at the AirPower wireless charging mat.