Apple Card Apple Instructions on Setting up Apple Card Family and adding users

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Apple has posted more info on Apple Card Family. The launch must be pretty soon.

Set up Apple Card Family and add a co-owner and participants - Apple Support (AL)

Learn how to share Apple Card with trusted members of your Family Sharing group. You can even co-own the account with one other person.

support.apple.com

Some of the info seems to contradict the initial press release though.

If you invite someone who already has an Apple Card account to become an account co-owner or participant and they accept the invitation, their current Apple Card account will be closed.

The press release gave the impression that joining an account with a limit of $8,000 to an account with a limit of $5,000 would result in a new limit of $13,000 on the joint account. The new joint account would also get the lower of the 2 APRs.

Apple Card can be shared with any eligible customer who is 18 years or older as a co-owner, providing the opportunity for both to build credit history together, get the flexibility of a combined limit, provide transparency into each other’s spending, share the responsibility of making payments, and deliver the convenience of a single monthly bill to pay.

Existing Apple Card customers can also merge their Apple Card accounts, giving the flexibility of a higher shared credit limit while keeping the lower APR of the two accounts.

Apple introduces Apple Card Family, enabling people to share Apple Card and build credit together

Apple announced Apple Card Family, a new way for people to share their Apple Card, build credit together, and more with their Family Sharing group.

www.apple.com

 

[utsava]

I've waited to get an Apple Card for the co-owner features, so I looking forward to signing up. At this point I decided to wait until the family features are officially launched to sign up. It's interesting that the feature seemingly is supported in the latest iOS release, but they didn't launch it at the same time....