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X Debuts Premium Metal Visa Debit Card With 6% APY and 3% Cashback

The beta launch adds a payment card offering tied to yield and rewards, according to the source, marking a new consumer finance feature on X.

Summary

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Terms & Concepts
  • APY: Annual percentage yield, or the yearly rate of return that includes the effect of compounding.
  • Debit card: A payment card that draws funds directly from a linked account rather than using borrowed credit.
  • Beta: A limited test release used to evaluate a product before a wider public rollout.