What Is Apple Card And Should You Get One? Explained

Apple Card is a reinvented edition of the normal credit card. It is created by Apple and powered by iPhone. Apple Inc. advertises Apple Card as everything a credit card should be. A credit card provided by Apple exclusively for its users. 

The article deals with the features and benefits of the Apple Card. You can go through the article to decide whether you should get an Apple card or not. Apple Card does have a lot of features like no fees, fewer interest rates, and daily cashback.

You can also add your family members and each of them can receive department benefits. The Apple Card which is a Titanium card is as stylish as any of the Apple products. 

Apple advertises its Apple Card as a simpler and smarter credit card. This section deals with the features of the Apple card. 

Apple Card Features

Apple Card is embedded with a lot of features that have not yet been introduced by any other credit card issuers. All these features are available on all kinds of purchases including while paying with Apple Pay and with laser etched Titanium card. 

Let’s have a look at the features that the Apple Card provides for its users. 

1. Easy to apply. 

It takes less than a minute to apply for an Apple Card. The status of the application can be known shortly as to whether the user is approved or not. Also, this won’t affect the user’s credit. 

2. No fees. 

There are no fees associated with Apple Card. 

• No setup fees
• No annual fees
• No maintenance fees
• No late fees
• No over-the-limit fees
• No returned-payment fees
• No foreign transaction fees
• No reward-redemption fees
• No hidden fees

3. Low-interest rates 

The interest rates are far less than the normal rates present in the industry. Apple  Card analyzes the interest that will be levied from a customer when he/she/they makes a payment.

There are no restrictions to the amount of the payment and it is solely the user’s choice. The interest rate is calculated in real-time which comes helpful to the customer to be informed about the details of the balance that has to be paid. 

4. Cashback

The cashback is real cash that the customer can use right at the moment it gets credited. There is no limit to the amount that one can get through the cashback. It is because the amount of the cashback is decided by the amount of the purchase.

That means if the customer has made a higher purchase the cashback might also be higher. Daily cashback can be availed for transactions made at stores and services such as Apple Store, Nike, South Loop Market, Uber, Walgreens, Doughnut Vault, Whirlyball, and anywhere.

You can get cashback for using Apple Card on websites, or at in-app purchases, for sending an amount of money to your friend, or even making a payment to your bank account. 

Apple Card Features Benefits

1. Daily Cashback 

When a purchase is made on an Apple Card, the user gets a percentage of the purchase in the Daily Cashback. It is not a reward and doesn’t have an expiry date. Also. It doesn’t lose its value after a certain period of time. You as a user can use it anytime for anything of your choice. The cashback is deposited into the user’s Apple Cash card. The details can be checked using the Wallet app. 

1.1 3 Percent Daily Cashback For All Apple Purchases

This is when you purchase an Apple product or an Apple service 

The user can win a 3 percent of daily cashback for buying anything such as a brand new Mac, a case for your iPhone, a couple of games from the app store, or for subscribing to services like Apple TV+ or Apple Music.

1.2 2 Percent Daily Cashback For Purchases Made With An iPhone Or An Apple Watch

This is when you use an iPhone or an Apple watch to make the Apple card payment.

How To Get More In Daily Cashback When You Use Apple Card?

Users can get more percentages in daily cashback on making purchases with a selected set of merchants. The businesses are listed as

Ace Hardware, Exxon, Duane Reade, Nike, Mobil, Panera Bread, T-Mobile, Uber, Uber Eats, and Walgreens. It is to be noted that to avail of more cashback percentages, you should remember to use Apple Card with Apple Pay. 

How To Use Apple Card With Apple Pay?

Apple Card can be used on any of the Apple devices. The most advised way is to use it with Apple Pay owing to the ultra security that the transaction platform provides. Apple Card can be used with Apple Pay on an iPhone, Apple Watch, iPad, and also Mac. 

Apple Card payments are accepted at 85 percent of merchants all around the United States. 

For every payment done using Apple Card with Apple Pay, the customer is entitled to a 2 percent daily cashback. This cashback amount is real cash and not any reward to be redeemed. It does not have a deadline and also won’t lose its value over time. 

Also Read: Online Stores That Accept Apple Pay – Updated List 2023

How To Apply For Apple Card?

Apple Card can be added to any of the Apple devices. Read ahead to know.

How To Apply For Apple Card On iPhone?

1. Open the Wallet App

The Wallet app is an inbuilt app and the user does not have to additionally install it.

2. Tap on the Add button

There will be an Add button displayed with the + (plus) symbol. It can be seen while opening the app. The user has to tap on it. 

3. Tap on ‘Apple Card’. 

After selecting the Add button, the user has to click on the ‘Apple Card’ button. 

4. Tap on ‘Continue’. 
5. Fill out the details asked in the application form. 
6. Read and agree to the terms and conditions of the Apple Card
7. Accept the offered credit card limit 
8. Accept the APR (Annual Percentage Rate)

After accepting the credit card limit offer and the APR, the Apple Card will be automatically added to the user’s Wallet app. Now the user can submit a request for a Titanium Apple Card. 

How To Apply For Apple Card On iPad?

1. Open the Settings app
2. Tap on Wallet and Apple Pay, given at the bottom of the settings 
3. Tap on the Add Card button 
4. Select Apple Card from the options given 
5. Tap on the ‘Continue’ button
6. Complete the application form by filling out the necessary fields
7. Review and agree to the terms and conditions of the Apple Card
8. Accept the offered Apple credit card limit
9. Accept the APR (Annual Percentage Rate)

After accepting both the APR and the credit card limit offer, the Apple Card will be automatically displayed in the user’s Wallet app. The user can proceed to request for the Titanium Apple Card. 

What Happens After You Submit An Apple Card Request?

There are two possible outcomes after submitting the request for the Apple credit card.

1. Your Apple credit card application gets approved
2. Your Apple credit card application gets declined 

Apple Credit Card Application Gets Approved

If your Apple credit card application gets approved you will be sent an invitation offer. The user will have up to 30 days to accept the offer. If you don’t accept it even after 30 days it will automatically expire. 

You can accept the offer and proceed to add the Apple Card to the Apple devices. 

After successfully linking the Apple Card with the Apple devices 

• The user can use the Apple Card to make purchases anywhere the Mastercard is accepted 
• The user can receive unlimited Daily Cash 
• The user can use the account for functions such as 
• To make payments
• To schedule payments
• To download PDF statements
• To see the account balance

• The user can manage the account using the Wallet App
• The user can manage the account using the Apple Card web account

• Apple Card can be set as the default payment card. Upon setting it as the default payment method it can be used for Apple Pay, the App Store, Apple Music, and all other Apple services.

• Apple Card monthly installment option can be enabled and the user can select the available plans. The details of the plan can be seen in the Wallet app also on the Apple Card web account 

• Apple Card can be used on all eligible devices. 

Apple Credit Card Applications Get Declined 

How Will Apple Card Affect Credit Scores?

A credit score is a number that determines the creditworthiness of a customer. The lowest credit score that someone can have is 300 and the highest is 850. The credit score is based on the credit history of the customer such as total levels of debt, repayment history, and the number of open accounts.

Applying for an Apple Card won’t affect the current credit score. 

Apple Credit Card Requirements

You can apply for an Apple Credit card. But in order to get approved and get the Apple Card the applicant should fulfill certain requirements. Let’s look at the Apple Credit card requirements.

• The applicant should have completed 18 years of age.
• The applicant should be a legal citizen of the United States or, 
• The applicant should be a lawful resident of the United States or,
• The applicant should have a U.S. residential address which should not be a P.O. Box. 
• The applicant can also use a military address. 
• The applicant should take care to use two-factor authentication with the Apple ID.
• The applicant should have signed in to iCloud with the Apple ID.
• The applicant should not have a freeze on his/her/their credit report at the time of the Apple card application.
• In case of having a credit report freeze, it should be temporarily lifted prior to applying for the Apple credit card
• The applicant’s identity should be verified either with a Driver’s license or with any of the State issued photo ID cards. 

If the Apple card application status 

What Is Apple Card Family Sharing?

The Apple Card family sharing lets your whole family enjoy all the features and benefits of the Apple Card. Family members are not limited to your immediate family and are also applicable to your extended family or anyone who is your family member. 

Apple Card Family Sharing Features

• Each of the family members can receive separate daily cashback for their purchases.
• The Apple Card family participants who are 18 or plus can build their own credit history.
• The Apple Card family participants who are teenagers have options to learn better spending habits.
• Credit line merging
  • Two partners can merge credit lines.
  • The merged credit line can be used to form a single co-owned account.
  • The partners can manage the account togetherly.
  • The partners can build credit as equals.

How To Add Apple Card on Apple Devices?

How To Add Apple Card on iPhone?

• Update the latest version of iOS
• Open the Wallet App
• Tap on Add button
• Tap Add Card 
• Select Apple Card
• Request Titanium Apple Card 

How To Add Apple Card on Apple Watch?

• Update to watchOS 7.5 or any version after that
• Open the Apple Watch app on your iPhone
• Go to the My Watch tab
• Choose your watch (in case you have more than one watch)
• Tap Wallet and Apple Pay
• Tap Add Apple Card 
• Tap set and use as default card (optional)

How To Add Apple Card on iPad?

• Update to the latest version of iPadOS. 
• Open the Settings app
• Tap on the Wallet and Apple Pay button
• Go to Other Cards
• Scroll down to find Apple Card 
• Tap on the Add button (+ button)

How To Add Apple Card on Mac?

• Update to the recent version of macOS
• Open System Preferences
• Tap on Wallet and Apple Pay button
• Tap on the Add button (+ plus button)
• Select Apple Card

Why Can’t You Add Apple Card To A New Device?

Adding Apple Card to a new device is an easy task. But still, sometimes you might face some issues. If you are not able to add your Apple Card to a new device, continue reading. 

Facing trouble adding Apple Card can be because of reasons such as 

• You are signed in to the current Apple device with a different Apple ID than the one that you used on your Apple Card
• You are not connected to the internet 
• Your internet connection is weak
• You have lost your wifi connection
• The Settings app of your device is disabled for cellular data
• The Wallet app of your device is disabled for cellular data

Rectify all these issues and try adding an Apple card once again. If you still can’t add Apple Card to your device, should proceed to contact the Apple Care 

Read More: How Safe Is Apple Pay? Security Features Explained!