Categories: Apple

Apple Card : Everything you need to know about Apple Card.

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Apple Card was announced at an Apple Special Event on March 25, 2019. Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on Apple devices such as an iPhone, iPad, Apple Watch, or Mac.

What is Apple Card?

Apple Card is a consumer credit card. It was issued by Goldman Sachs. A digital version of it is found in the Wallet app of your iPhone . All this is focused towards online and in-store contactless purchases. A physical version is made of titanium and, unlike most credit cards, does not contain your card number, expiration date, CVV security code or signature to better protect your account information. They eliminated fees and built tools to help you pay less interest. Advanced technologies like Face ID, Touch ID, and Apple Pay give you a new level of privacy and security. 

Benefits.

Built for iPhone

They live on your iPhone, in the Wallet app. You can sign up in as little as a minute and start using it right away for contactless purchases with Apple Pay. Your transactions, payments, and account details are all in one place, where only you can see them. You even make your payments right in the Wallet app just select your amount, tap, and it’s done.

No Fees

Apple Card has very few fees, partially because it doesn’t offer things like cash advances or balance transfers. Late or missed payments don’t carry a fee but will result in additional interest accruing on your balance. Merchants in dozens of countries accept Apple Pay, so if you find Apple Pay acceptance abroad, you’ll be happy to know the Apple Card doesn’t charge a foreign transaction fee.

Unlimited Daily Cash

When you buy something using Apple Card, you get a percentage of your purchase back in Daily Cash. It’s real cash, so unlike rewards, it never expires or loses its value. Your cash is deposited right onto your Apple Cash card in the Wallet app, not a month from now, but every day. And there’s no limit to how much you can get. Use it to buy things in stores, on websites, and in apps. Make a payment on your Apple Card. Payback a friend in Messages. Or send it straight to your bank account and watch it add up. Close

3% Daily Cashback

Apple Card gives you unlimited 3% Daily Cashback on everything you buy from Apple whether it’s a new Mac, an iPhone case, games from the App Store, or even a service like Apple Music or Apple TV+. You also get unlimited 3% Daily Cashback on purchases you make at select merchants when you use Apple Card with Apple Pay.

  • Apple
  • Panera Bread
  • Duane Reade
  • T-Mobile
  • Exxon
  • Uber
  • Mobil
  • Uber Eats
  • Nike
  • Walgreens

Security Features

Apple takes your privacy and security seriously. It’s not just a philosophy, it’s built into all our products. And Apple Card is no different. With advanced security technologies like Face ID, Touch ID, and unique transaction codes, they with Apple Pay is designed to make sure you’re the only one who can use it. The titanium card has no visible numbers. Not on the front. Not on the back. Which gives you a whole new level of security. And while Goldman Sachs uses your data to operate Apple Card, your transaction history and spending habits belong to you and you alone. Your data is not shared or sold to third parties for marketing or advertising.

Other Benefits

  • Interest-Free Financing On Select Apple Products: Use the Apple card to pay for eligible purchases over time without interest and still earn 3% cashback.
  • Titanium Construction: It’s the only card on the market made of this sleek metal.
  • Virtual Card Numbers: Get access to virtual card numbers for online purchases for a layer of additional privacy.
  • Mastercard Network: As a Mastercard, the Apple card comes with benefits including access to Mastercard Priceless experiences, ID theft protection and a 24-hour hotline to report a lost or stolen card and get a replacement.

What is the physical card like?

You can make digital ‌Apple Pay‌ payments, but Apple is also providing a physical card. Since this is a credit card designed by Apple, it is, of course, unique among credit cards. It’s made entirely from titanium, which is laser etched with your name. The front of the card does not have a card number or an expiration date listed, and on the back, there’s no CVV and no signature. If someone finds or steals your card, there’s no real way for them to use it, at least for online purchases.

How does the physical card work?

When you buy something using Apple Card, you get a percentage of your purchase back in Daily Cash. It’s real cash, so unlike rewards, it never expires or loses its value. Your cash is deposited right onto your Apple Cash card in the Wallet app not a month from now, but every day.

About the titanium Apple Card

A white finish is achieved through a multi-layer coating process that’s added to the titanium base material. If your titanium Card comes into contact with hard surfaces or materials, it’s possible that the coating can be damaged.

How to activate your Apple Card

You need a compatible iPhone with the latest iOS version to activate your titanium Card. When your titanium Card arrives, it’s easy to activate.

Activate on iPhone XS Max, iPhone XS, iPhone XR, or later

  1. Open the packaging that has your titanium Card inside.
  2. Wake your iPhone and follow the instructions inside your cardholder.
  3. Tap Activate.

Activate on iPhone X or earlier

  1. Open Wallet on your iPhone and tap Apple Card.
  2. Tap Activate Your Card.
  3. Wake your iPhone and follow the instructions inside your card holder.

See if you’re eligible for Apple Card

  • U.S. citizen or a lawful resident with a valid, physical U.S. address that’s not a P.O. Box. You can also use a military address.
  • two-factor authentication.
  • 18 years or older, depending on where you live.
  • If you apply on a compatible device that you own, make sure it has the latest version of iOS, watchOS, or macOS.
  • If you have a freeze on your credit report, you need to temporarily lift the freeze to apply for the Card. Learn how to lift your credit freeze with TransUnion here.
  • You might need to verify your identity with a Driver License or State-issued photo ID.

How to Lock or Unlock Your Apple Card

How to lock your card

You can lock your titanium Card on your iPhone or iPad.

On iPhone

  1. Open Wallet and tap Apple Card.
  2. Tap the more button.
  3. Scroll down to Physical Card and tap Lock Card, then follow the instructions on your screen.

On iPad

  1. Open the Settings App.
  2. Scroll down and tap Wallet & Apple Pay.
  3. Tap Apple Card.
  4. Under Physical Card, tap Lock Card, then follow the instructions on your screen.

After you lock your card, you cannot use it to make purchases until you unlock your card.

How to Unlock your card

You can unlock your titanium Card on your iPhone or iPad.

On iPhone

  1. Open Wallet on your iPhone and tap Apple Card.
  2. Tap the more button.
  3. Scroll down to Physical Card and tap Unlock Card, then follow the instructions on your screen.

On iPad

  1. Open the Settings App.
  2. Scroll down and tap Wallet & Apple Pay.
  3. Tap Apple Card.
  4. Under Physical Card, tap Unlock Card, then follow the instructions on your screen.

When you unlock your card, you can use it to make purchases.

Does Apple Card have an annual fee?

No Fees. They want to make it easier to pay down your balance, not harder. So Apple Card doesn’t have any fees. No annual, over-the-limit, foreign-transaction, or late fees. They provide interest rates that are among the lowest in the industry. APR: 10.99% – 21.99% Variable APR on purchases and balance transfers.

Conclusion

Whether you buy things with Apple Pay or with the laser‑etched titanium card, Apple Card can do lots of things no other credit card can do. Your information lives on your iPhone, beautifully laid out and easy to understand. We eliminated fees and built tools to help you pay less interest. Advanced technologies like Face ID, Touch ID, and Apple Pay give you a new level of privacy and security. And with every purchase you get Daily Cash back. Which all adds up to a healthier financial life. Apple Card. It’s everything a credit card should be.

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