Apple announces Apple Card credit card

At Apple’s “show time” services event today, it announced a new Apple Card credit card, promising to improve things about the credit card experience with simpler applications, no fees, lowering interest rates, and offering better rewards. There will be a physical, titanium card too — but there’s no credit card number, CVV, expiration date, or signature, with all that authorization information stored directly in the Apple Wallet app. Additionally, the company is promising that there will be “no late fees, no annual fees, no international fees, and no over limit fees” with Apple Card — and “lower interest rates” with no penalties for missing payments, although it hasn’t said what those rates will be.

Source: www.theverge.com