The Appel Card has launched and is now available to all users of iPhones with iOS 12.4. The new credit card from Apple and Goldman Sachs can be applied for in the Wallet app with accounts being approved and activated immediately. The physical card takes about a week to reach customers.
The card offers 1-3% cash back as Apple Pay Cash, with the lowest amount for traditional card use, 2% for Apple Pay purchases and 3% at Apple Stores and some other retailers. You manage the card completely through the Wallet app.