The Apple Card is coming.
Today, the tech giant announced it's releasing a credit card designed to work with the iPhone and its Wallet app. According to Apple CEO Tim Cook, by the end of the year, Apple Pay will process 10 billion transactions and will be available in more than 40 countries. Apple has partnered with Goldman Sachs and MasterCard, with Goldman the issuer and MasterCard the payments network.
Apple Card will have no late fees, annual fees, international, nor over-limit fees. In addition to a virtual card that lives in a user's wallet, Apple has also designed a physical titanium card. The card will be blank except for an Apple Logo and the laser-etched name of the cardholder.