But rival rewards cards are a better deal for non-Apple purchases. Courtesy Apple By Rivan V. Stinson, Associate Online Editor May 9, 2019From Kiplinger’s Personal Finance Close to five years after the launch of Apple Pay for iPhone users, Apple has introduced a credit card built into its mobile wallet. Though the card looks cool and has high-tech features, other rewards cards already on the market may be a better deal. Apple encourages users to pay with their phone everywhere Apple Pay is accepted and to use the physical card when that’s not an option. The card will be available in the U.S. this summer. See Also: 15 New Products Apple Might Release in 2019 Rewards are Apple-friendly You get 3% cash back on what you spend at the Apple Store, Apple.com, the App Store or iTunes; 2% for purchases made with Apple Pay; and 1% for purchases of non-Apple or non–Apple Pay items using the physical card. Interest rates are typical 13.25% to 24.24%, depending on creditworthiness. Extra credit for privacy/security Account number is stored on the cardholder’s smartphone. Cardholders use Face ID or Touch ID to authorize purchases. Advertisement It’s fee-free No annual, late, over-the-limit, cash-advance or foreign-transaction fees. It’s titanium The card weighs less than traditional metal credit cards but is less likely to suffer wear and tear compared with plastic cards. Cash is paid instantly Rewards are loaded to the card in real time.