Apple held a press conference on March 25to present several new products, including the Apple Card.

Rusbase reports that the company will issue the credit card in both virtual and physical format. Apple said it would not collect the clients’ shopping data.

The virtual Apple Card can be used on any platform that accepts Apple Pay. The card will be built into the Apple Wallet and will bring 2% cashback from each purchase (or 3% if the purchase is an Apple product).



Card holders can get the physical version if they wish. It will not bear the number, validity date and the CVV (Card Verification Value/Code), as that data is kept in the Apple Wallet. The physical card will provide 1% cashback, not 2%.

Lenta.ru reports that the card will be valid within the U.S. and the company said nothing at the press conference about expanding the card service to other countries.

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