The Apple Card has been announced by the technology brand as a new credit card product for consumers who are looking for a future-ready way to approach their finances. The card is backed by Goldman Sachs and MasterCard, and is deeply integrated with the company's existing Apple Wallet app that is presently used by many for making purchases via Apple Pay. Harnessing the power of machine learning, the card will label all of your transactions to let consumers keep track of all their expenses to see how they are spending on a weekly and monthly basis more effectively.
The Apple Card will provide consumers with cash back rewards on a daily basis instead of having to wait until they reach a certain level. The credit card won't come with any hidden fees and will provide users with access to the best rates on the market, according to the company.