Everything we know about Apple Card (updated)

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.

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.

Copyright © 2019 IDG Communications, Inc.

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