Apple CEO Tim Cook and Oprah Winfrey prepare to embrace at the Steve Jobs Theater during an event to announce new products Monday, March 25, 2019, in Cupertino, Calif. (AP Photo/Tony Avelar)
From left, Steve Carell, Reese Witherspoon and Jennifer Aniston speak at the Steve Jobs Theater during an event to announce Apple new products Monday, March 25, 2019, in Cupertino, Calif. (AP Photo/Tony Avelar)
In a story March 25, The Associated Press reported that Apple's new credit card will offer 2 percent cash back. That applies only when using Apple Pay, a mobile version of the card. Using the physical card will earn 1 percent cash back.