Apple announced a sleek, new credit card that's all white and offers 2% cash back on every Pay purchase — here's how it works (AAPL)

• Apple announced its own credit card on Monday, known as Apple Card. 
• Apple Card will have no annual, late, or international fees, and what Apple describes as a low interest rate. 
• The card will also have an easy-to-use app interface, and Apple is offering both a digital and physical version of the card. 
• Apple Card will be available to US customers starting this summer. 

Apple on Monday launched its first-ever credit card, called Apple Card. 

The new card — which Apple unveiled at an event at its headquarters in Cupertino, California — is a brand-new product line for Apple. Apple Card will have no annual or late fees, and an interest rate that Apple aims to have be "among the lowest" industry-wide.

Apple touted an easy-to-use app interface for the card, as well as a both a digital version and a sleek, physical version of the card. 

Here's what we know about Apple Card so far, and how you can sign up for one yourself. 

SEE ALSO: Here's everything Apple just announced at its big event

Customers will be able to sign up for Apple Card on their iPhones. Within minutes, they should be able to use Apple Card in apps, online, and at stores that accept Apple Pay.

Apple is partnering with Goldman Sachs and Mastercard for the new Apple Card, and it will be able to be used around the world.

If customers have issues with the card, they'll be able to contact Apple Card support through the Messages app — Apple says support will be available 24/7 via text.

Apple Card will be built into the Apple Wallet app on the iPhone. People who are familiar with Apple Pay should find it to be a similar app experience — the card, which is a nice rainbow gradient, will show up at the top of the app.

Inside the Wallet app, users will be able to easily track their spending. Apple will organize spending by category, like "Food and Drinks," "Shopping and Entertainment," etc.

See the rest of the story at Business Insider

Contributer : Tech Insider https://ift.tt/2utc7LK

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