Apple Card FAQ: Interest rates, rewards, sign-up and everything else you need to know

Among the TV exhibits, magazines, and video games companies unveiled at Apple’s “Show time” occasion was a shock entry right into a class that couldn’t be additional exterior Apple’s wheelhouse: a bank card. Dubbed Apple Card, it’s not a standard plastic bank card that offers you factors on issues you purchase. Rather, it’s a complete new manner to store on-line and offline. Here’s everything you need to know about it:

Update 8/05/19: The pockets.apple.com website has now been populated with directions for a way to join Apple Card, together with an electronic mail hyperlink to be notified when it’s obtainable. Apple is now sending out Apple Card Preview invites to a really restricted group of testers.

What is the Apple Card?

The Apple Card is an Apple-branded bank card from GraspCard. Unlike the present Barclaycard Visa with Apple Rewards, which is a accomplice card, the Apple Card is owned and operated by Apple.

When will or not it’s obtainable?

Apple says the Apple Card shall be obtainable in August.

How do I apply for the Apple Card?

With your iPhone, after all. Applications undergo Apple Pay within the Wallet app, which suggests you’ll in all probability be periodically bothered to apply if you don’t have already got one. 

You should be 18 or older and a U.S. citizen or lawful resident to apply.

The pockets.apple.com website has directions for a way to enroll, together with a video. 

1. Open the Wallet app in your iPhone.

2. Tap the (+) button within the upper-right.

3. Select Apple Card.

4. Fill in your information: identify, date of start, electronic mail, and telephone quantity.

5. You’ll be introduced with a display screen displaying your credit score restrict and rate of interest. Tap Accept.

To apply in your iPad, go to Settings Wallet & Apple Pay.

Apple

So I’ve to have an iPhone?

That’s proper. The card data is saved within the Wallet app, and you need an iPhone to get it.

Will my previous iPhone work?

Probably. Any iPhone that helps Apple Pay and the Wallet app will work, so except you have an iPhone 5s, you’re good.

Apple

What concerning the iPad?

You can’t obtain the Wallet app on the iPad, so there’s no manner to apply, and it doesn’t have NFC so you can’t use it in shops. You shall be in a position to use it for Apple Store app and on-line Apple Pay if you enroll in your iPhone, nevertheless.

Can I get a bodily card or is it digital solely?

Apple can also be providing a laser-etched titanium card for these occasions when Apple Pay isn’t obtainable. In true Apple vogue, the cardboard is minimal and beautiful, with no numbers, expiration date, or CVV code to muck it up.

What if I need my card quantity or expiration date?

You’ll discover that data within the Wallet app.

What if I lose my Apple Card?

Apple will present a button within the Wallet app so you can freeze your card and order a brand new one.

What financial institution is issuing the cardboard?

Apple has partnered with Goldman Sachs. Of…