https://www.wired.com/story/apple-credit-card-apple-pay/

Apple’s event Monday ended up featuring one piece of hardware after all: a new credit card, which it plans to launch this summer in the US. The aptly named Apple Card, created in partnership with Mastercard and Goldman Sachs, will live within the existing Wallet app on iPhones and as a traditional physical card. During a keynote speech, Jennifer Bailey, Apple’s vice president of Apple Pay, described the card as “bold and innovative,” even though it doesn’t offer many unique rewards or perks. But it does feature several security upgrades that may appeal to those especially concerned about privacy.

Apple Card is ultimately a credit card, and as such, comes with recognizable cash-back perks, though with an Apple-specific twist: 2 percent cash back on any transaction made with Apple Pay and 3 percent back on Apple products and services, including purchases made within the App Store. If you use the real-life titanium Apple Card, you only get a 1 percent cash rebate.