What is Apple Card? What you Need to Know Before Signing Up

Apple Card offers a new approach to payments, providing customers with an innovative card and easy-to-use digital wallet that lets you make purchases seamlessly. Apple card is considered a game-changer especially for Apple customers who want to have faster, safer, cheaper, and secure transactions. As a new form of Credit Card in the financial world, many customers are not aware of the card and its operations, or else, who is eligible for the card. Join us as we explore different aspects of the Apple card including eligibility to apply for the card.

What is Apple Card?

Apple Card is a credit card released by Apple in August 2019 that you can apply for using Apple Pay. Eligibility to get the card depends on how much money you have in your wallet linked with your account or app (iTunes). You also need an iPhone and access to iCloud so that all of your data are properly stored and encrypted by default. Apple partnered with Goldman Sachs to produce this card optimizing it for Apple Pay.

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Who Qualifies for the Apple Card?

You can apply for the card if you are a US citizen and at least 18 years old. However, to be able to qualify you need to have good or excellent credit history as well as $2000 in your available limit.

The requirements were enacted by Apple to have a card that is accessible to many people. The company was considerate to accommodate people from different social classes. Apple used this strategy to eliminate class disparities in terms of payment using the card. Imagine if the company would have come up with requirements like the minimum deposit amount on the card. Such a measure would have discouraged many people.

Shopping with Apple Card
Online shopping with Apple Card

What Security Features Does Apple Card Have?

Apple Card comes with a number of security features like Face ID or Touch ID as well as PIN code for additional protection. The physical chip helps you avoid fraud by having an extra layer of authentication before approving payments at stores, apps and on websites.

Apple Card also has a number of additional security features like the ability to turn on or off your card at any time, including when you lose it or if someone steals your phone. It is definitely one of the most secure digital credit cards in the market today. Such measure ensures that your hard-earned money is safe at any point even if you don’t have the card with you.

How Does Apple Card Work?

Using this card is very easy since it will automatically deduct charges from your Wallet app. You don’t have to carry your wallet everywhere you go because the Card lets you keep track of all purchases and payments with the Wallet app. It will also update automatically so that no one can ever guess where or when you use it last time.

Apple Card is integrated into iMessage, making splitting bills between friends a breeze, especially if you are splitting a meal or bar tab. You can also use Siri to make your purchases by just saying, “Hey Siri!”

You will have access to all of the above features if you placed an order from the Apple store. The card should arrive within two weeks after making your final payment. Overall, this card is one of the best and safest credit cards out there.

Apple Card is a great choice for anyone who wants to make their purchase easier and more secure than ever. It’s especially useful if you use an iPhone or frequently shop in the Apple store. No matter what your reason, this card is worth checking out!

What I like about the Card

Having used the Apple Card for more than a year now, here are some things I like about the service:

There is no annual fee and you can get cashback in the form of Apple rewards. The card also offers a great deal for international travel as well, offering zero foreign transaction fees when traveling abroad.

What apple Card does best is providing excellent customer service and safety features. Some of the features include the use of machine learning to detect possible fraud automatically or if something looks suspicious. They also provide 24/hrs customer service, which makes it easy and quick to get help when you need it.

Apple is also known for its privacy policies. They do not sell or share any of your personal information with other companies. Therefore, you can shop in peace knowing that all purchases stay private.

This card has many great features but my favorite feature is what they call daily cash. Every day you use your card, the purchase is rounded up to the nearest dollar. The money then goes into a Cash account which can be used for future purchases or withdrawn from an ATM. However, you should know that there are some restrictions on this feature. For instance, it cannot exceed $20 per transaction or $200 in cash withdrawals within 30 days of opening your account. I really like this feature because it gives me an opportunity to save money every day. The money saved can add up if done over a long period of time.

What’s Missing From the Apple Card

I’ll be among the few people who acknowledge that the Apple card has its downsides.

The first downside of the Apple card is that it can be conveniently used with an iPhone or iPad. If you are someone who uses Apple products for nearly everything, then this is definitely a plus. However, if you prefer using Android or Windows devices, the card becomes less useful.

Moreover, the card’s reward structure is not competitive because of the limited amount of 3% cashback which is only available in the U.S.

Finally, the card does not offer a sign-up bonus. People would want bonuses when signing up for a new credit card. However, because this card does not have one, it makes people less excited about signing up for the card in order to get a sweet bonus.

Final Words

Apple Card is a good card for Apple device users who spend most of their time in the US. However, if you do not fit into this category and prefer using Android or Windows devices instead, then it would be better to choose another credit card as you won’t get much out of this one.

There are many advantages that come with using this card, such as the extra rewards you get for using Apple Pay. You also do not have to pay any annual fees or foreign transaction fees when spending abroad on your card.

However, there are also disadvantages that make this credit card more of a hassle than anything else: namely the fact that it is only available in the U.S. and does not allow you to make cash advances.

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