https://thenextweb.com/apple/2019/03/25/apple-announces-apple-card-a-titanium-credit-card-that-aims-to-revolutionize-payments/

Apple today revealed it’s launching its own, “better” version of a credit card, called Apple Card. It’s designed to work with the iPhone, but is also a physical card made out of titanium, married with special Wallet-based rewards. Apple CEO Tim Cook thinks it could be the biggest revolution in credit cards “in 50 years.”

The new Apple Card is essentially a credit card built within the iPhone, created in partnership with Goldman Sachs and Mastercard. It lives within the Apple Wallet app, and exists across all Apple devices. It purports to come without fees of any kind, namely late fees or international fees. It also purports to offer lower interest rates.