On Monday, Apple officially announced a new credit card. A rethought “Apple Card”.

Apple Card is designed for a “healthier financial life”. Sign up for the new card and within minutes you can get your new credit card, with customers able to use it right away. You can use it worldwide, anywhere Apple Pay is accepted. It’s available across Apple devices as well.

Customers an get details on transactions, to changing an address, and other customer-related actions can be handled directly through Messages. The Apple Card will also braekdown transactions and automatically total purchases, where you’ve spent it with Apple Maps, and can keep track of transactions through categories. Each category will be represented by its own color (orange for food and drink). Apple Card will also show how your spending is trending, week over week or month over month.

Points will be included with Apple Card as well. Every time you spend with Apple Card, you get cash back — every day. It’s called “Daily Cash”. When you buy your morning coffee or shop for groceries, or any time you spend with Apple Card, you get cash returned every single day. Every day you spend, cash will be added to your Apple Cash card. This can then be transferred to your own account. Or spend it within Apple Pay or even send it to friends with Apple Messages.

Every time you spend with Apple Pay, you get 2% back in Daily Cash. When you buy directly from Apple, purchases Services, you get 3% Daily Cash.

This is a developing story…

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