It’s another “whats near me” app for iPhone. MasterCard Worldwide announced the Priceless Picks iPhone application, allowing users to find local shopping deals, entertainment option, dining venues and more, thanks to the device’s GPS technology. The free app is available at the iPhone App Store or at www.itunes.com/appstore.

The app’s description on iTunes says:

The perfect bench to catch a sunset, the best pizz on earth, a secret spot to watch the world go by – we call them “Priceless Picks”, and they’re all here, submitted by people like you.

The app’s features include:

• User-generated content and partner generated offers.
• Offer five categories including Priceless, Dining, Shopping, Entertainment and Other.
• Pinpoints Priceless Picks in your selected location.
• Add your own Priceless Pick by simply inputting the name, description and location along with your first name and a Priceless Pick category.
• “Send to a Friend” allows you to share your Priceless Picks with others via email.