Apple:

Apple today announced Apple Card, an innovative, new kind of credit card created by Apple and designed to help customers lead a healthier financial life. Apple Card is built into the Apple Wallet app on iPhone, offering customers a familiar experience with Apple Pay and the ability to manage their card right on iPhone. Apple Card transforms the entire credit card experience by simplifying the application process, eliminating fees, encouraging customers to pay less interest and providing a new level of privacy and security. Available in the US this summer, Apple Card also offers a clearer and more compelling rewards program than other credit cards with Daily Cash, which gives back a percentage of every purchase as cash on customers’ Apple Cash card each day.

This Apple credit card lives in your Wallet app. Sign up on your iPhone, it’s available in minutes. And there’s no fee. Ever.

3% cash back on Apple purchases, 2% on all other purchases. And that cash back is available immediately.

The transaction reporting is phenomenal. So much clearer than traditional cards. And there’s a laser etched card for when you need an actual physical card.