Apple's new Apple Card credit card doesn't have any hidden fees or late-payment charges

The Apple Card won't have any international fees, over-limit fees, and perhaps most importantly, won't charge fees for missing a payment.

The credit card also touts a rewards program called Daily Cash, where users get 2% cash back when using Apple Pay and 3% cash back when buying directly from Apple.'s first physical credit card launches this summer, it'll come standard with something customers love — no hidden or annoying fees., will have no international fees, no over limit fees, and perhaps most importantly, no fees for missing a payment.

The credit card — which is white, titanium, and has no number or security code — also touts a rewards program called Daily Cash, where users get 2% cash back when using Apple Pay. For purchases made via the App Store, iTunes, or other direct-from-Apple buys, you'll get 3% cash back.The physical cards will come in handy for users where merchants do not accept Apple Pay via an iPhone.

"Frankly, I'm underwhelmed," Rossman said."People will sign up for it, but that will be mostly because they love Apple, not because this card is better than anything that already exists. For example, Citi Double Cash is a very simple, easy-to-use 2% cash back card. And that's on everything ."

What you buy, when and where you buy it. Primary research on steroids AppleEvent

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