At its event on Monday, Apple announced its first physical credit card.

  • At its event on Monday, Apple announced its first physical credit card.
  • The company said the Apple Card wouldn't have any international fees or over-limit fees and, perhaps most notably, there wouldn't be fees for missing a payment.
  • The credit card also touts a rewards programme called Daily Cash, where cardholders get 2% cash back when using Apple Pay and 3% when buying directly from Apple.

When Apple's first physical credit card launches later this year, it'll come standard with something people love: no hidden or annoying fees.

The Apple Card, announced onstage at Apple's March event on Monday, will have no international fees or over-limit fees, and, perhaps most notably, no fees for missing a payment, Apple said.

The white titanium credit card - which has no number or security code - also touts a rewards program called Daily Cash, where cardholders get 2% cash back when using Apple Pay and 3% on purchases made via the App Store or iTunes, or other direct-from-Apple buys.

The company said the Apple Card wouldn't have any international fees or over-limit fees.

It has not yet been confirmed whether the Apple Card will be available in South Africa.

For more, go to Business Insider South Africa.

Receive a single WhatsApp every morning with all our latest news: click here.

Also from Business Insider South Africa: