Hundreds of thousands of people signed up online to be notified when the Apple Card became available. Apple has randomly selected a limited number of them to receive invites Tuesday to apply for and use the new card before it rolls out later this month to everyone who qualifies, the company announced on Tuesday. Apple Card is an Apple-branded credit card issued through Goldman Sachs that runs on Mastercard’s network and is only available to iPhone users. It works similarly to any other credit card — you can use the physical card at all the usual places, as well as inside the Apple Pay feature to make contactless payments with an iPhone. Apple told CNN Business that Goldman Sachs will oversee customer data and transactions, and that the bank would not misuse the data or sell it to third-parties. Goldman Sachs did not immediately respond to requests for comment. Apple, which teased the card in March, will give 3% cash back on Apple products, including iPhones and software subscriptions, 2% on any Apple Pay purchases and 1% on all other purchases. Its cash back percentage on Apple products is on par with other cards , including those offered by fellow tech giants. For example, Amazon offers Prime members 5% on all purchases using its branded card on its platform and at Whole Foods, and a $50 sign-up bonus. Uber offers 4% on dining. The physical card itself is optional, but free, for people who sign up for Apple Card. It has the usual Apple look: It’s white, made of titanium and has Apple’s logo on the top left. It’s slightly more substantial than a typical credit card and it doesn’t display any credit card numbers. To activate the card, you’ll need to tap it with an iPhone. The device […]

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