Is Apple Card a real credit card?

Is Apple Card a real credit card?

Apple in August 2019 released the Apple Card, a credit card that’s linked to Apple Pay and built right into the Wallet app. Apple is partnering with Goldman Sachs for the card, which is optimized for ‌Apple Pay‌ but will still works like a traditional credit card for all of your transactions.

Is Apple making card?

About Apple Card It’s integrated into the Wallet app and designed for iPhone and a healthier financial life. See if you’re eligible. If you apply online and don’t add Apple Card to an eligible iPhone or iPad that you own, you can only use it to make eligible purchases online and in-store at Apple.

Who is Apple Card bank?

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Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. Variable APRs range from 10.99 percent to 21.99 percent based on creditworthiness.

Is Apple credit card through Goldman Sachs?

Apple Card, created by Apple, is the only card issued by Goldman Sachs, which ranked highest among the Midsize Credit Card segment in the J.D. Power 2021 U.S. Credit Card Satisfaction StudySM and received a chart-topping score of 864. Introduced in 2019, Apple Card is the first credit card designed for iPhone.

Why the Apple Card is bad?

One of the biggest drawbacks of the Apple Card is that its cash back program is not that rewarding. Cardholders receive bonus cash on Apple purchases: 3\% cash back on everything you pay from Apple – including Apple Store,, App Store and iTunes purchases – and 2\% cash back on Apple Pay purchases.

Is the Apple Card a Mastercard?

Apple Card is the first consumer credit card Goldman Sachs has issued, and they were open to doing things in a new way. And the strength of the Mastercard network means Apple Card is accepted all over the world.

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Does Amazon accept Apple Card?

Amazon doesn’t accept Apple Pay but you can use your Apple Card in the same way that you would use any Mastercard.

What bank sponsors Apple Card?

Goldman Sachs Bank USA
Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch.

What is the max limit on Apple Card?

The maximum Apple Cash balance you’re allowed to have after verifying your identity is $20,000. If you’re part of Apple Cash Family, the maximum Apple Cash balance you’re allowed to have is $4,000.