Open main menu

Apple Card is a credit card developed by Apple Inc., designed primarily to be used with Apple Pay on Apple devices such as an iPhone or Apple Watch. It will be available in the United States at launch in the summer of 2019.

Apple Card
Apple Card.svg
Apple Card within the Wallet app in iOS 12 on an iPhone XS
Apple Card within the Wallet app in iOS 12 on an iPhone XS
LocationUnited States

Apple Card was announced at an Apple Special Event on March 25, 2019, which focused on new services provided by Apple.[1][2]



Apple Card does not include late, cash advance, international, overdraft, or annual credit card fees, except for applicable interest charges when carrying a balance, and any interchange fees, which are charged to the vendor.[3] Additional cardholders (and not joint accounts, which are different)[4] will not be supported upon launch.[5]

Reward programEdit

The card features a 2% "Daily Cash" cash-back reward program for every purchase done using Apple Pay, 3% for any purchase from Apple (at online or retail Apple Stores; the various Apple App Stores for iMessage, iOS, macOS, tvOS, or watchOS; other Apple media stores like iBooks Store or iTunes Store; or on Apple services like Apple Arcade, Apple Music, Apple News+, Apple TV+, iCloud storage, or iTunes Match), and 1% when using the physical card anywhere else.[6] Rewards accrue and are paid out daily via the Apple Cash card inside Apple Wallet, which can then be used to send money via iMessage, to pay the card's balance, to spend at retailers/in apps that accept Apple Pay, or can be transferred to a bank account.[7]


A unique permanent card number is created for each device and is stored in the device's secure element, a special security chip used by Apple Pay. Every purchase generates a one-time "dynamic security code", authorized with Face ID or Touch ID.[8] Due to the Apple Card's privacy features, Apple won't know where a customer shopped, what they bought, or how much they paid.[9] Two-factor authentication is required in order to apply for the card.[5]


Apple will partner with Goldman Sachs to provide the support of an issuing bank and Mastercard to provide the global payments network for the Apple Card.[10]

Physical cardEdit

Apple has designed a titanium Apple Card for shopping at locations where Apple Pay contactless payment is not accepted yet.[11] The card has no card number, CVV security code, expiration date, or signature printed on the card; though, if necessary, this information is available in the Apple Wallet app.[11]


  1. ^ Arkin, Daniel (March 25, 2019). "Apple event: TV, news and video game services signal new direction for iPhone maker". NBC News. Retrieved March 26, 2019.
  2. ^ Kleinman, Zoe (March 25, 2019). "Apple debuts own credit card and TV shows". BBC News. Retrieved March 25, 2019.
  3. ^ Son, Hugh (March 25, 2019). "Apple unveils new credit-card: the Apple Card". CNBC. Retrieved March 25, 2019.
  4. ^ Kagan, Julia. Additional Cardholder, Investopedia.
  5. ^ a b Panzarino, Matthew (March 28, 2019). "How Apple Card works". TechCrunch. Retrieved April 8, 2019.
  6. ^ Fingas, Jon (March 25, 2019). "Apple is launching a credit card". Engadget. Retrieved March 25, 2019.
  7. ^ McCann, John (March 25, 2019). "Apple Card launches as a new type of credit card on your iPhone". TechRadar. Retrieved March 25, 2019.
  8. ^ Matsakis, Louise (March 25, 2019). "Apple Enters the Credit Card Market With—Yep—Apple Card". Wired. Retrieved March 26, 2019.
  9. ^ Detrixhe, John (March 25, 2019). "The most original thing about Apple's credit card isn't its app, fees, or laser-etched titanium". Quartz. Retrieved March 26, 2019.
  10. ^ Griffin, Andrew (March 25, 2019). "Apple just released a stunning new credit card". The Independent. Retrieved March 25, 2019.
  11. ^ a b "Introducing Apple Card, a new kind of credit card created by Apple". Apple Newsroom. March 25, 2019. Retrieved March 26, 2019.

External linksEdit