How To

How To Apply For Apple Card: Step-by-Step Guide

Apple has officially launched its own credit card. The company was initially sending out invites to a small number of customers to sign up for its credit card. Now anyone can apply for the new Apple Card, which comes with tons of benefits. The Apple Card pairs with the Wallet app on your iPhone. You can use it for payments at outlets that accept Apple Pay.

Once you apply, Apple will send you a physical credit card that you can swipe at stores and other places. The sleek titanium card will have your name laser engraved on it, but there will not be a card number printed on it for the sake of privacy. The Wallet app on your iPhone will store the virtual card number.

Apple doesn’t charge an annual fee or late payment fee. The APR varies between 12.74% and 23.74% depending on your credit score. You earn 3% cashback on purchases from Apple Stores and 2% cashback on purchases from everywhere else. The Wallet app shows you a neat summary of your spending. It also offers tips on how you can save money on interest.

Here’s how you can apply:

1- Check your eligibility

You must be a US citizen or a lawful US resident to apply. Only people older than 18 are eligible. You need to have a compatible iPhone running the latest iOS 13 software. Also, you must be signed in to iCloud on the iPhone using your Apple ID.

2- Apply for the Apple Card

If you meet Apple’s eligibility criteria, launch the Wallet app on your iPhone. Now tap the “+” button in the top-right corner of the screen, select Apple Card, and then tapĀ Continue.

Next, follow the on-screen instructions to enter your name, date of birth, phone number, home address, and the last four digits of your Social Security Number. Apple will also ask you about your annual income. In some cases, it could also require a scanned copy of your Photo ID or the full Social Security Number.

When prompted, agree to the Terms & Conditions.

3- Review and accept the offer

Apple and its banking partner Goldman Sachs will review your application. Once they approve the application, they will make you an initial credit limit and APR offer based on your credit history. You have to review and then accept the offer by tapping Accept Apple Card. You have up to 30 days to accept the offer, and you can choose to decline it.

If you accept the offer, Apple Card will be added to the Wallet app on your iPhone. Apple will also ship a physical card to your mailing address if you request one after accepting the offer. Now you can start using the Apple Card to make online and offline purchases using Apple Pay.