know about Apple Card

Apple Card has generated a huge amount of interest. Here is everything we know so far about the card, updated to the present and with links to additional resources.

Introducing Apple Card
“Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money, transparency to help them understand how much it will cost if they want to pay over time and ways to help them pay down their balance,” said Jennifer Bailey, Apple’s vice president of Apple Pay, announcing the service.

So, what do we know?

Late breaking news on Apple Card
We were already aware the card would link up with a clear app, offer up to 3% cashback on Apple purchases, and more.

[ Related: Wireless chargers for Apple’s iPhone X ]
Since then we’ve learned there will also be an iPad app, and it will be possible to raise financing for some products (particularly Apple products).

Reuters confirms that financing payments won’t attract interest so long as customers remain on schedule – so you might get 3 percent cash back on your next Mac and pay zero percent interest on the purchase over 24-months, for example.

You need an iPhone, iPad
Apple Card is built to work with your Wallet and you need to own an iPhone to set it up. Each card is uniquely connected to your device. An Apple Card account app will be available for iPads.

You need an Apple ID
You must have an Apple ID/iCloud account and must have two-factor authentication enabled on that account.

[ Take this mobile device management course from PluralSight and learn how to secure devices in your company without degrading the user experience. ]
How long does it take to sign up?
You can join the service in a few minutes and begin using it almost immediately.

How do I apply for Apple Card?
If you are 18 or over and a U.S. resident you can apply for the card. At time of writing you need an invitation from Apple to do so, but you can register interest here.

Once you receive the invitation just follow these steps to signup for Apple Card:

Open Wallet app
Tap the plus button (top right).
Choose Apple Card, then tap Continue.
You’ll be asked for your personal details, once you enter these tap Next.
You will be given your terms for use of the card.
NB: The process requires a hard search of your credit history.
[Also read: Apple Card: The industry reacts]
Apple Card is coming in August
Apple CEO Tim Cook recently confirmed Apple Card ships in August in the U.S.

When will Apple Card be available outside the U.S.?
We don’t know. We understand Apple is discussing it.

How do I activate the card?
Tap the physical card with your iPhone when your receive it to activate it.

Where are the card numbers?
You’ll find no long number on Apple Card – to get that number you must look at it inside the Wallet app. Even then you will only see the last 4-digits of the actual card number.

How do I use a card without a number?
Apple provides you with a virtual card number and CVV code inside the app. You can keep this number as long as you like and use it to pay for items online or over the phone.