Apple announced Apple Card at its March services event with the draw of daily cashback as rewards. In a blog post, former Apple creative director Ken Segall reveals that Apple is no stranger to the credit card idea. In fact, in 2004, Steve Jobs / Apple was working on an iTunes credit card. The idea: spend money, get free music.

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In 2004, back when Apple’s success was predicated on iTunes and the iPod hardware lines, Segall says that Jobs had embarked on a credit card project.

Customers would earn ‘iPoints’ for every purchase which

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