Apple Card is Apple's New Credit Card
Updated: Removed mention of "no penalty interest rates", as the now-public fine print contradicts this.
Apple today launched its own branded credit card: Apple Card. Starting this summer, customers can sign up for the card on their iOS device in minutes, and use it immediately with Apple Pay. It charges no annual fees, international fees, nor late fees. Customers get 2% cash back on all purchases, or 3% on purchases from Apple. The cash back is paid daily, deposited on a separate Apple Cash card, which also lives in the Wallet and works with Apple Pay. Apple uses Apple Maps and machine learning to translate often-cryptic charge descriptions into more obvious line items. An interactive interest calculator helps customers choose the best amount to pay down each month. A built-in spend analyzer helps users see expense categories and trends. Support is provided via iMessage. Apple card works anywhere MasterCard is accepted and is backed by Goldman Sachs.
Feb 20, 2018
Google today released Google Pay, the revised payment application and service that replaces Android Pay. Google Pay encompasses most features of Google Wallet and Android Pay in a single app, allowing people to use Google Pay to make payments online and via mobile devices.
Nov 29, 2018
T-Mobile has rolled out a digital banking service called T-Mobile Money. T-Mobile says T-Mobile Money is available to T-Mobile customers as well as non-customers.
Nov 5, 2018
7-Eleven is testing a new way for customers to pay for items as they shop at 7-Eleven retail locations. The Scan & Pay feature is being added to the 7-Eleven mobile app.
Jan 8, 2018
Google today took steps to simplify its mobile and online payment products by combining them into a single service called Google Pay. Moving forward, Google Pay will encompass the features of Google Wallet and Android Pay.
May 27, 2020
This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.