Apple's new credit card gets compared to Billy McFarland's credit card scam

Someone didn't watch the Fyre Festival documentaries.

Apple announced its groundbreaking new pay feature during its event on Monday: A titaniumcredit card with no card number, no signature, no CVV, and no expiration date. All of the vital information would be stored in the Wallet app, so it's less of a credit card and more of a physical way to pay through the app.

As wonderful as it seems, Twitter users couldn't help but compare it to Magnises, the credit card/social club scam that Fyre Fest grifter Billy McFarland came up with before the disastrous music festival.

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Like Apple Card, Magnises' appeal was that the card was metal, not just plastic. Apple's new card will apparently be made of titanium.

And of course, the whole cool factor.

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SEE ALSO: What you should know about Billy McFarland's pre-Fyre Fest scam Magnises

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If Tim Cook promises Bahamian bungalows and beachfront sets, it's probably time to run.

UPDATE: March 25, 2019, 1:34 p.m. PDT Corrected "Apple Pay app" to "Wallet app."

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