The company at an event on Monday announced Apple Card, which users can sign up for on their phone. They receive a digital card, which they can use to receive 2 percent cash back on Apple Pay purchases, per The Verge. Apple also touted "no late fees, no annual fees, no international fees, and no over limit fees." Purchases can be monitored through the Wallet app.
Although Apple Card is digital, you can also get an actual, physical card, which is made out of titanium and has the user's name laser etched into it. It has no card number, no CVV security code, no expiration date, and no signature. Purchases made with the physical card will earn users 1 percent cash back.