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Apple Card

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A new kind of credit card. Created by Apple, not a bank. It launched in the US on August 20th, 2019.

apple card

Apple Card is the credit card designed by Apple and backed by Goldman Sachs. It offers a variety of perks and rewards, including 0% financing on Apple products. Here’s everything you need to know.


The application process for Apple Card is incredibly straightforward. Once you’re invited to apply, you can do so directly in the Wallet app on iPhone. Much of your information will be pre-filled based on your Apple ID.

Details like your address, phone number, and name are pre-filled based on my Apple ID information. You do have to enter my annual income, though. Once you enter all of your details, you’ll be presented with the Terms and Conditions. Once you agree, your application is submitted to Goldman Sachs for approval.

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After your approval, you can request to have your physical titanium Apple Card delivered, with Apple saying it should come within 6-8 business days.

Apple Card Approval Odds

Variable APRs range from 10.99% to 21.99% based on creditworthiness. Apple highlights several factors that can affect approval:

  • If you’re behind on debt obligations or have previously been behind
  • If you have negative public records
  • If you’re heavily in debt or your income is insufficient to make debt payments
  • If you frequently apply for credit cards or loans
  • If your credit score is low

Apple Card is backed by Goldman Sachs, and Goldman Sachs uses TransUnion and other credit bureaus to evaluate your application. Apple says that if your FICO9 score is lower than 600, Goldman Sachs might not be able to approve you.

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The Apple Wallet app

Everything you’ll need to do with Apple Card is managed through the Wallet app on iPhone. This has several benefits because it means everything is done at a system level. Details are closely aligned with your Apple ID, and there’s no need to log-in to a separate app every time you need to check your Apple Card.

The virtual card design of Apple Card is a neat, responsive heat map based on the different categories in which you’ve spent money. For instance, if you use Apple Card for Starbucks and App Store purchases, the card will be a mix of pink and orange.

For payments, it will let you pay your full balance, your statement balance, or any other amount. It will also show you detailed information about the interest fees associated with each payment option. You can also schedule autopay to coincide with paydays.

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Tapping the three dots in the upper-right corner of the Apple Card interface in Wallet lets you quickly contact support through Apple Business Chat, on the web, or via phone. You can also manage your scheduled payments here. If you already have a bank account linked to Apple Pay Cash, you can use that same one for your credit card without having to reenter the information.

Also here you can view your credit details, as well as card information like your card number, expiration, and security code. You can also request a new card number if you think yours might have been compromised.

One of the most popular things about its integration with the Wallet app is how straightforward the transactions list is. Many card companies display a jumbled list of transactions and merchant IDs, but the Wallet app clearly shows you the merchant name and a map of where the transaction was made.

Apple Card Rewards

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While you might find better cashback options than Apple Card, Apple’s implementation is by far the easiest to use. You earn 3% on Apple purchases, 2% on Apple Pay purchases, and 1% on any purchases made with the physical card. In the transactions list in the Wallet app, you’ll clearly see what each purchase earned you in cashback.

Apple Card 3% partners:

  • Apple
  • Uber and Uber Eats
  • Wallgreens
  • T-Mobile
  • Nike
  • Exxon and Mobil
  • Panera Bread

This means that anything billed through Apple, including Apple TV Channels, App Store and iTunes purchases, AppleCare, Apple Music, and in-app subscriptions, is eligible for 3 percent back. This also includes services like Apple TV+ and Apple Arcade. The moral of the story here is that you likely won’t find much better than 3% for those recurring subscriptions.

Because it runs on the MasterCard network, you also get access to those benefits as well, including things like MasterCard travel deals, special events, and more. Once the card is more widely available, you’ll be able to view all of those benefits here.

Cashback is delivered daily through what Apple calls “Daily Cash.” At the end of every day, you’ll receive an Apple Pay Cash credit for your rewards for the day. You can either spend this money using Apple Pay Cash or transfer it to your bank This is far better and more intuitive than other card companies, which often credit cashback once a billing cycle.

0% Financing

Apple Card also offers 0% on Apple product purchases. This includes nearly every Apple product, such as iPhone, iPad, Mac, AirPods, Apple Watch, and most accessories.

The financing options vary by product. For example, higher-priced items like the Mac and iPad Pro offer 12-month financing with 0% interest. Cheaper items like AirPods and AirPods Pro offer 6-month financing with 0% interest. Apple Watch is excluded from these financing options for unknown reasons.

For example, you can finance AirPods Pro with 0% interest for 6 months, which equates to $41.50 per month. AirPods with Wireless Charging Case can be financed for $33.16 per month. You can finance a 16-inch MacBook Pro starting at $199.91 for 12 months.

How to buy with Apple Card Monthly Installments:

  1. Select Apple Card Monthly Installments when you check out
  2. Since you already have Apple Card, you’ll skip the application process
  3. Complete your purchase

Physical Apple Card

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After your approval, you can request to have your physical titanium Apple Card delivered, with Apple saying it should come within 6-8 business days.

The physical card does not display your card number, so you’ll have to go to the Wallet app to view that information. For online purchases where Apple Pay is not accepted, your card number is automatically added to Safari to easily complete the transaction.


Apple Card has no fees, including foreign transaction fees, annual fees, balance transfer fees, and more. For many people, this should be a factor when rewards shopping, as many cards with more lucrative rewards might have a steep annual fee.

Apple Car uses a “semi-permanent” card number. This means you use the same number until you have an issue. When you do, you can easily request a new number via the Wallet app. There’s no support for per-transaction card numbers at this point.

Apple Card Family

In April, Apple officially announced its new Apple Card Family feature. This feature lets users share the same Apple Card with other family members. Apple says that it created this feature to “reinvent how spouses, partners, and the people you trust most share credit cards and build credit together.”

Apple Card customers can add up to five people to their Apple Card account by sharing Apple Card with them in the Wallet. All users must be part of the same Family Sharing group in order to be invited to Apple Card Family, and be 13 years of age or older.

Apple says that Apple Card can be shared with any eligible user who is 18 years or older as a co-owner so that both users build credit together. This gives you the flexibility of a combined limit and transparency into each other’s spending. You also share the responsibility of making payments and deliver the convenience of a single monthly bill to pay.

Apple Card Family is available now with iOS 14.6, which was released in May. Coming later this summer, Apple Card users will be able to merge two accounts.

Apple Card tops 12 million users, $1bn in cashback paid out last year

For the first time, Apple is sharing active user numbers for the Apple Card, which is exclusively available in the United States. The company announced today that the Apple Card credit card has more than 12 million customers. 30 percent of those people are actively using the card, making two or more payments per month.

Apple Card Family has also seen strong uptake, with more than 1 million users sharing the card via Family Sharing, and 600,000 are set up as co-owners, building credit equally.

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Apple Card savings account interest rate increases to 4.5%

The Apple Card savings account continues to increase its interest rate, making it ever more appealing to customers. On Friday, Apple notified Apple Card users that their money in the savings account are now accruing interest at 4.5%, the second increase in the same month.

The savings rate has gone from 4.25% in December to 4.35% earlier in January, to now 4.5%. For an account with no associated fees, these rises makes the account significantly more competitive with the wider market of high-yield savings accounts.

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Apple and Goldman Sachs: A timeline of the messy partnership that will soon fall apart

Apple Card 5% back

Given recent reports that Goldman Sachs is looking to bail on its partnership with Apple, I thought it would be interesting to do a breakdown of the increasingly messy relationship between the two companies. After forging their partnership in 2019, Apple appears to have thrived while Goldman Sachs has suffered.

Here is a full timeline of the relationship between Apple and Goldman Sachs.

Updated January 26, 2024 with new details

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As Apple Card rumors swirl, Amex CEO reveals what he looks for in co-brand partnerships

Based on the latest reporting, Apple and Goldman Sachs are planning to part ways sometime next year, ending their partnership that currently consists of Apple Card and Apple Card Savings Account. American Express has been rumored to be one of the companies potentially interested in taking over Apple Card.

In a recent interview, Amex CEO Steve Squeri offered some details on what the company looks for in these types of partnerships.

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Job opening hints at Brazilian fintech replacing Goldman Sachs as Apple Card issuer

Apple Card

A recent report from The Wall Street Journal revealed that Apple and Goldman Sachs are ending the partnership they made in 2019 to introduce the Apple Card. Although the news didn’t come as a surprise, it’s still unclear what will happen to the Apple Card – but a job opening on Apple’s website suggests that the company may be working with a Brazilian fintech to sort it out.

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Apple ending relationship with Goldman Sachs, fate of Apple Card unclear

Apple Card money lost one billion

Apple and Goldman Sachs are ending their partnership that currently consists of the Apple Card and Apple Card Savings Account. According to The Wall Street Journal, Apple has “sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months.”

Update: In a statement to CNBC, Apple said that it will “continue to innovate” for Apple Card customers:

Apple and Goldman Sachs are focused on providing an incredible experience for our customers to help them lead healthier financial lives. The award-winning Apple Card has seen a great reception from consumers, and we will continue to innovate and deliver the best tools and services for them.

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Goldman Sachs makes it easier to withdraw money from your Apple Card Savings Account

Apple Card Savings Account

When the Apple Card Savings Account launched earlier this year, some users complained that they faced weeks-long delays trying to withdraw their money from their new Goldman Sachs-backed account.

A report today reveals that Apple and Goldman Sachs have now made changes to how these transactions are handled to avoid these types of delays going forward.

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Apple Card continues to be a consumer hit despite Goldman Sachs turmoil

Apple Card

Despite ongoing turmoil between Apple and Goldman Sachs, the Apple Card continues to be a success among consumers. A new study from J.D. Power today crowned the Apple Card the “Best Co-Branded Credit Card for Customer Satisfaction with No Annual Fee.”

Meanwhile, Apple Pay and Apple Wallet VP Jennifer Bailey once again touted Apple’s relationship with Goldman Sachs despite reports to the contrary.

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Apple Card savings account tops $10 billion in deposits

Apple Card Savings Account

Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits. Early indicators suggested that the savings account was a hit, and today Apple has given us firm official numbers to back that up.

The savings account launched in April, available to all Apple Card customers in the United States, in partnership with Goldman Sachs. The account offers a highly-competitive 4.15% interest rate.

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Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied

Goldman Sachs has somehow managed to lose money on its share of the Apple Card business, and American Express has been floated as a potential suitor to replace Apple’s issuing partner.

However, a lengthy article from The Information unpacks the complexities of what changing banking partners would require … as well as some pretty good tidbits about Apple.

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Poll: Is the Apple Card still worth it in 2023? [Video]

The Apple Card has been out since August 2019, meaning I have had this card for almost four years now. The Apple Card was one of the first credit cards that I was ever approved for. I remember really wanting it purely for the titanium and the cool Apple Wallet integration (which goes to show how much I knew about credit cards back then). But in those four years, I have used it in various settings for different categories and gotten some great value from it. But in 2023, the credit card scene has become extremely competitive, so how does the Apple Card hold up as a zero annual fee card compared to the competition? And is it still worth it to get?

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