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A closer look at the Apple Card credit card

With Apple Card, the tech giant known for its iPhones and MacBooks is getting into the personal finance industry.

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Lynn La

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Apple Card

On March 25, the tech giant Apple surprised many by announcing that it was launching a credit card -- the Apple Card. It will launch through the Wallet app this summer and is available only to US customers for now.

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2 of 11 Claudia Cruz/CNET

The Apple Card is both a digital and traditional credit card that you can use for transactions where Apple Pay is not available.

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3 of 11 Screenshot by Katie Conner/CBS Interactive

The physical Apple Card is made out of titanium. The card doesn't list a card number, CVV code or expiration date, and there's no place for a signature. That info, however, can be accessed on your iPhone.

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For extra gravitas, your name and the Apple logo will be etched into the card.

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For the most part, you'll access Apple Card through your iPhone.

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The Card will be in the Wallet app.

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7 of 11 Screenshot by Katie Conner/CBS Interactive

Remember, this is still a credit card, so you still have to qualify and be in good financial standing to get one.

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8 of 11 Screenshot by Jessica Dolcourt/CNET

Apple VP of Internet Services and Apple Pay Jennifer Bailey introduced the card during the keynote. The Apple Card offers Daily Cash back, up to 3 percent, on your purchases. You can spend the money like you would cash.

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9 of 11 Screenshot by Jessica Dolcourt/CNET

You can use Daily Cash to buy things in stores, pay your credit card bill or send money to friends.

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10 of 11 Screenshot by Jessica Dolcourt/CNET

You can also track your Apple Card spending on your phone and it will calculate how much interest you will need to pay given a certain amount of time.

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11 of 11 Screenshot by Jessica Dolcourt/CNET

The Apple Card will be backed by the Goldman Sachs investment bank and Master Card. As Apple's first foray into personal finance, the Apple Card represents a new direction for the hardware company. 

For more info, read CNET's Apple Card FAQ and our breakdown of the card's fine print.

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