Rita’s iDevice Advice

Apple Credit Card:  Rita’s iDevice Advice for September 9, 2019

The new Apple Card is now available to everyone. Apple, which announced the card in March with Goldman Sachs is accepting applications through the Wallet app on iPhone. The approval takes minutes, and those who qualify can start using the card immediately with Apple Pay in store, apps and on websites. The company also is extending its 3% rewards to cardholders who use Apple Card with Apple Pay for Uber and Uber Eats transactions. Before, you could only earn 3% back on Apple purchases. The Apple Card comes with no fees, including no Annual fee, Foreign transaction fees, Over-the-limit fees, Cash advance fees, or Late payment fees.

The card’s interest rate ranges from 12.99% to 23.99% based on your creditworthiness. The card also uses the Mastercard network, so it is accepted pretty much anywhere in the world. The issuing bank behind the card is Goldman Sachs. The Apple Card is the bank’s first credit card.

You earn 3% back on purchases made at Apple Stores, apple.com, the App Store, the iTunes Store, for Apple services, and now Uber and Uber Eats. You get 2% back when you use the card through Apple Pay, and 1% back when you use the physical card. Another plus: All rewards you earn are added to your Apple Cash card each day and can be redeemed for any amount at any time. You don’t have to wait to earn a specific amount of rewards before using them. The physical Apple Card itself is numberless, so no one can copy your card’s number and use it to create a fraudulent card. Apple Wallet’s security tokens also protect your Apple Card. A unique token number – rather than the card’s number – is used to complete every transaction. That means your card number is never associated with a purchase. If a criminal picks up the token, it’s no good and can’t be used for an unauthorized purchase. The Apple Card also color codes your purchases on your iPhone. That means you can monitor how much you’re spending at restaurants or on gas or groceries, among other categories. You also can see how much interest you will pay depending on how big of a payment you make. 


Apple Card requirements

As with most any credit card these days, you must meet certain requirements <https://support.apple.com/en-us/HT209257>  for approval. Here’s a rundown to see if you’re eligible. You must:

*           Be 18 years or older.

*           Be a U.S. citizen or lawful U.S. resident with a physical address, not a P.O. Box.

*           Own a compatible iPhone with iOS 12.4 or later.

*           Use two-factor authentication.

*           Sign into iCloud with your Apple ID.

*           Be willing to verify your identity with a driver’s license or state-issued ID.


How to apply for Apple Card

If you are eligible and ready to apply, here are the steps and it takes just a few minutes.


Note:  These instructions were written for sighted persons, who are not using voiceOver.  If you are using VoiceOver:  when the instructions say “Tap on an item”, perform a one finger double tap.


1) Open the Wallet app on your iPhone and tap the plus sign on the top right.

2) Tap Continue and then under Card Type, select Apple Card.

3) Tap to read the Rates and Terms and then tap Continue when you finish.

4) Verify and complete your basic information; name, birth date, and phone number, and tap Next.

5) Verify and complete your residential address and tap Next.

6) Verify your country of residence, enter the last four digits of your social security number, and tap Next.

7) Enter your annual household income and tap Next. You can tap the What does annual household income include? link for more information if needed.

8) Read the Apple Card Terms and Conditions and tap Agree.

9) If prompted to verify your identity, grab your driver’s license or state-issued photo ID and tap Continue. Position your screen over the front of your card, tap Continue, let it capture the back of your card, and tap Continue again.

10) After a moment, you will receive a view of the Apple Card with your credit limit and APR. If you agree to these and want the card, tap Accept Apple Card.

11) You can choose to make that card your default for Apple Pay or set that up later Make your choice and then when you see the Card Added screen, tap Continue.

12) You will then see an option to receive a physical card that you can use in stores and restaurants. Tap Continue if you’d like the physical card or No Thanks. If you decide to get the physical card, you’ll be prompted to verify your mailing address and tap Confirm.

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