Apple is launching its first retail gift cards that will be redeemable at select restaurants.
The move follows Apple’s decision to launch its own loyalty program in the US that will let customers earn Apple gift cards by ordering and dining at restaurants, starting with Chipotle restaurants in the city of Chicago.
Apple is offering up to $100 in gift cards, including the Apple Pay card, for $150 when people order and pay with the Apple Watch.
The chipotle gift cards are available in both gift and loyalty categories, including chips and burritos, and they are expected to be sold at all Apple stores by mid-October.
The Apple Pay app will be integrated with the new card, but the company has not specified the format.
The Apple gift card is expected to generate revenue of between $1.1 billion and $1,2 billion over the next two years, according to the company, which expects to add 1,000 new locations across the US over the same period.
Apple did not disclose the total number of locations, or their prices, but said the cards will be priced at $100 and $150 per order.
The new Apple Pay cards are also expected to provide a number of additional benefits, including more frequent payments, more convenient ordering and a faster and more convenient checkout process.
The announcement follows Apple and McDonald’s announcements in August that they are partnering to bring Apple Pay to a number in the UK and US.
The partnership is expected, however, to last for several years, and Apple has been working on the payment system for a number years.
Apple also announced its new iPhone, Apple Watch, and new Mac, including new versions of the MacBook Air and MacBook Pro.