By announcing Apple Card, the company has made its first step into financial services with a numberless credit card which CEO Tim Cook calls the most significant change to card payments in 50 years.

Apple announced Monday (25) that it’s launching a new credit card made for the iPhone. The card, which is both a digital card in the Wallet app and a physical MasterCard which offered in collaboration with Goldman Sachs. According to Apple, this new credit card meant to be easier to use and understand than most conventional credit cards. The card carries some fascinating benefits, like no late fees, no annual fees, no international fees, no over-limit fees, and a daily rewards program.

Users are able to get an apple card by signing up on their iPhone in the Apple Wallet app and get a digital card that they can use anywhere Apple Pay is accepted “within minutes.” Customers will also be able to track purchases, check balances, and see when their bill is due right from the app. According to apple; When you want to see how much you’re spending, there’s no need to log in to a separate website or app. Your totals are laid out for you in the Wallet app, by the week or by month.

They say the card makes it easy to spot trends in your spending as the spending categories are clearly highlighted with colors, so you can decide if you want to change them.

The tangible version of the Apple Card’s design is what you would expect from Apple, the minimalism, debossed Apple logo, etched titanium slice, it immediately looks different and it takes a good security step by displaying only your name, without a card or CVV number. So all of that authorization information is stored directly in the Apple Wallet app.

This topic of this latest issue of Apple is very much trending at the moment around the world and it will be released to the market this summer. There’s a good percentage of Apple loyal customers in Oman who are looking forward to this new payment method.