Hands-On With Apple Card

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Apr 12, 2001
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Apple last week began allowing some iPhone users to sign up for Apple Card as part of a limited test ahead of a wider launch, and we got our hands on one of the new cards.

In our latest YouTube video, we highlight the Apple Card sign up process, how it works, what it looks like, and how the titanium card feels in person for those who haven't yet had a chance to sign up.


Apple Card, which Apple created in partnership with Goldman Sachs, is a credit card that's designed to be simple, straightforward, and easy to use, making it ideal for those who are new to credit cards or who are looking for something no-frills that's easy to understand.

Signing up for Apple Card can be done in the Wallet app, and the entire process takes just a couple of minutes from the time that you enter your name, address, and other info to approval or rejection.

Your APR (interest rate) and your credit limit are based on your credit score, and Apple is aiming to make the Apple Card available to most people so even those with scores in the 600s have reported being approved.

Once you've signed up for Apple Card, you can use it right away for Apple Pay purchases both in stores and online because it's deeply integrated into the iPhone. It works like any other credit card you've added to Apple Pay. At the same time, Apple sends you a physical titanium card in the mail that can be used where Apple Pay isn't available. It takes a few days for the titanium card to arrive, and it's worth the wait.

The titanium Apple Card is uniquely Apple, featuring a simple design that's engraved with your name and no other information. There's no card number, CVV, or expiration date on the card, though there is a chip and a traditional magstripe for purchases.

Your card number, CVV, and expiration date can be found inside the Wallet app if you need that info for online purchases where Apple Pay isn't accepted. Your card number can even be changed on a semi-regular basis, which means it's more secure than a traditional credit card. That's one of the main benefits of the Apple Card.

The titanium card is hefty and it weighs more than your average plastic credit card, plus it's about twice as thick. It's a statement card for sure, and it stands out when you use it. When you use either your physical Apple Card or the digital Apple Pay version, Apple tracks all of your purchases in detail, which is the other major Apple Card benefit.

There's a virtual card in the Wallet app that starts out white but changes color based on what you're buying. Apple organizes all of your purchases into different categories that each have a color, making it easy to see what you're spending your money on each month. Apple offers detailed purchase tracking, full merchant name info (so no purchase is ever ambiguous), and instant notifications when you make a purchase (so you know right away if something's charged you didn't authorize).

Apple Card doesn't offer benefits like extended warranties or purchase protection, but it does have a cash back feature that's paid out each day. You get 3% cash back on purchases made from Apple (or its digital stores), 2% cash back on all Apple Pay purchases, and 1% cash back for all other purchases with the titanium card.

Cash is paid out at the end of each day and is added to your Apple Cash card, also in the Wallet app. The Apple Cash card can be used for purchases or the balance can be transferred to your bank account.

Payments are made in the Wallet app through a linked bank account, and it's worth noting that there is no web option. That's potentially going to be a hassle if you lose your iPhone and need to make a payment, but your Apple Card can be managed on your other iOS devices too.

When it comes to payments, Apple's aiming to make it so you pay as little interest as possible. Apple will send reminders when payment is due, encourage you to make extra payments to cut down on interest, and help you understand exactly how much interest you're going to be charged.

Apple Card can't match other cards when it comes to benefits, travel rewards, and specific cash back options, but where it does win out over other cards is its deep integration into the Wallet app and the effort Apple put in to making it understandable.

Your purchases are clearly outlined, your spending is tracked across different categories so you can better budget and track your money, and payment information is optimized for your benefit, rather than the benefit of the credit card company.

For more on Apple Card, make sure to check out our comprehensive Apple Card guide.

Article Link: Hands-On With Apple Card
 
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dmfresco

macrumors member
Sep 8, 2002
89
19
Ann Arbor
I am in the habit of paying off my full balance each month. What is the process for setting an autopay from a checking account? Also is there a provision to make recurring charges on the AppleCard? Monthly AppleMusic or iCloud storage? Outside of the Apple ecosystem?
 

AustinIllini

macrumors demi-goddess
Oct 20, 2011
12,093
9,435
Austin, TX
I am in the habit of paying off my full balance each month. What is the process for setting an autopay from a checking account? Also is there a provision to make recurring charges on the AppleCard? Monthly AppleMusic or iCloud storage? Outside of the Apple ecosystem?
I think it just yells at you on your phone a bunch of times and you have to pay. As far as recurring charges I don't see any ability to do it, i think you have to set it up through the merchant.

I stand corrected, you can autopay Apple Card

From 9to5mac

"For payments, Apple Card will let you pay your full balance, your statement balance, or any other amount. It will also show you detailed information about the interest fees associated with each payment option. You can also schedule autopay to coincide with paydays."
https://9to5mac.com/2019/08/06/hands-on-apple-card-approval-more/
 

AustinIllini

macrumors demi-goddess
Oct 20, 2011
12,093
9,435
Austin, TX
I think it just yells at you on your phone a bunch of times and you have to pay. As far as recurring charges I don't see any ability to do it, i think you have to set it up through the merchant.

I stand corrected, you can autopay Apple Card

From 9to5mac

"For payments, Apple Card will let you pay your full balance, your statement balance, or any other amount. It will also show you detailed information about the interest fees associated with each payment option. You can also schedule autopay to coincide with paydays."
https://9to5mac.com/2019/08/06/hands-on-apple-card-approval-more/
Edit 2: I set it up simply enough.
 

doerrmann

macrumors member
Jul 11, 2008
84
19
I am in the habit of paying off my full balance each month. What is the process for setting an autopay from a checking account? Also is there a provision to make recurring charges on the AppleCard? Monthly AppleMusic or iCloud storage? Outside of the Apple ecosystem?
In the Scheduled Payments section of the app, you can set up an autopay to pay your balance in full on the due date, and you can pay incrementally at any time. In the payment section, you can set up one or more ACH sources for checking accounts to pay.

There is an option to make your Apple card the default Apple-wide card during setup. Outside of the Apple eco-system, you’ll have to set up a recurring charge using the numbers in the app - unless there's a way to do recurring Apple Pay payments that I’m not aware of.
 
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Crowbot

macrumors 6502a
May 29, 2018
519
1,765
NYC
Isn't this just another credit card. I don't understand the excitement over it.
Yes it's just a credit card. But it's: Apple, metal, something new. But there is the benefit of its ties to the Apple ecosystem and is harder to commit fraud with it.
 

trekkie604

macrumors 68000
Feb 25, 2008
1,587
989
Vancouver, Canada
Not available in Canada yet but judging from what I have read the rewards on this card is pretty crummy and the credit limits are surprisingly low imo.
 

Goldfrapp

macrumors 603
Jul 31, 2005
5,044
6,718
My guess is that they are trying to avoid overloading the system by having thousands attempting to apply at once.
Do you know how long it's gonna take them to release the damn card to everybody if they keep releasing it in batches?

300 million people in America

100,000-person batch release, say, per week

That's 3,000 weeks, or 58 years

Great! Let's not overload the system!
 
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AMP12345

macrumors member
Nov 21, 2016
60
84
St. Paul, Minnesota
Just got mine in the mail today!
Don't know how much I'll use it outside of iTunes and Apple Store but the fit and finish on it are outstanding, definitely the best looking card in my wallet even if the rewards are average.
 

dannyyankou

macrumors G3
Mar 2, 2012
9,495
16,598
Westchester, NY
It’s a good card but seriously there are cards much better in terms of rewards than this. Do your research.
I think it depends on where you live. If you live somewhere that doesn’t support Apple Pay at many stores, Chase Freedom Unlimited might be good with their unlimited 1.5% cash back. If you live somewhere that does support Apple Pay almost everywhere you shop, that’s practically 2% off everywhere you shop.

Not to mention, 3% off Apple products adds up lol.
 
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Benazafa

macrumors newbie
Jun 18, 2018
2
2
I'm usually an Apple everything-adopter, but the fact that you can't share a card with your spouse is bonkers. I understand it is because they are trying to put security at the edge (on the device rather than a cloud), but who wants to track finances with their sophisticated AI categorization software if it only encompasses half (or less) of the spenders in a household. $xx on restaurants is meaningless if it doesn't include both spenders in a family. Seems like this is perfect for single millennials or gen-z.
 
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