Apple Card Overview Updated January 21, 2020

Apple Card

A new kind of credit card. Created by Apple, not a bank.

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83 'Apple Card' stories

March 2019 - January 2020

During its March 2019 services event, Apple announced the Apple Card. It’s a new credit card through a partnership with Goldman Sachs.

One of the most interesting things about the card is how it integrates with the Wallet app on iOS. Apple says that the goal is to help you learn more about your spending, with less effort.

One of the most unique things about Apple Card is its rewards platform. Apple says that customers will get “Daily Cash” when they shop with the  card. This means that cashback is credited directly to your Apple Pay Cash card on a daily basis. From there, you can spend Apple Pay Cash like a normal debit card, use it to pay down your debt, or transfer it directly to your bank for spending through your debit card.

As of August 20th, 2019, anyone in the US can apply for the card. If you approved, you can immediately add the card to your Apple Pay Wallet. You can also order a physical card that should arrive in 5-7 business days.. Apple Card uses TransUnion for credit check lookups, so if you’ve frozen your credit, you’ll want to unfreeze your credit before you apply. Otherwise, you’ll want to restart the process.

Apple Card Rewards Information

  • Get 3% back on everything you buy from Apple, whether you buy it at an Apple Store,, the App Store, or iTunes. The 3% cash back includes games, in‑app purchases, and services like your Apple Music subscription and iCloud storage plan.
  • In a press release, Apple also announced that it is extending the 3% Daily Cash offer to third-party merchants, starting with Uber and Uber Eats.
  • Get 2% back every time you buy something using Apple Pay. That’s in every category, with no limits. Imagine all the things you use a credit card for every day — at Target, Walgreens, Lyft. You’ll get 2% back on just about everything.
  • For stores that don’t accept Apple Pay, you still get 1% of your purchases back in the form of Daily Cash.

Apple Card Stories January 21

Apple today has added a new option for Apple Card users: the ability to export monthly statements in spreadsheet form. This means you can download your Apple Card data, and then import it into your budgeting setup of choice.

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Apple Card Stories January 17

Goldman Sachs has said that while Apple may ‘lay claim’ to having created the Apple Card, it is the bank that holds all the cards when it comes to decision-making.

The bank’s chief financial officer also implied that it isn’t going to worry about Apple’s reputation when it comes to the way it pursues debtors…

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Apple Card Stories January 12

One of the biggest limitations of Apple Card is its inability to integrate with budgeting services like Mint and YNAB. Apple does, however, offer the ability to download your transaction history as a PDF. An independent developer has now designed a tool that builds on Apple Card’s PDF export feature for more detailed budgeting.

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Apple Card Stories January 6

Apple Card partner bank Goldman Sachs is again pessimistic about AAPL, predicting that the stock will lose one-third of its value this year.

The company previously predicted a 26% hit to the stock…

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Apple Card Stories December 10, 2019

Bloomberg has published an interesting look at how retailers are partially footing the bill for lucrative rewards cards like Apple Card. Specifically, Apple Card is designated as an “elite” card, which means retailers have to pay higher interchange fees when someone uses it.

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Apple is today launching its zero-interest iPhone financing plan for Apple Card owners today. As reported by TechCrunch, the purchase method will roll out today across Apple retail stores, and the Apple Store app on iOS.

If you have an Apple Card, then you will be able to buy a new iPhone through that card and pay back the phone through monthly installments over 24 months with 0% interest.

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