The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
In 2019, Apple, Mastercard and Goldman Sachs launched the Apple Card, a rewards credit card focused on security, privacy and financial management.
The Apple Card rewards Apple and select merchant purchases as well as in-person and online shopping through Apple Pay. It also helps consumers save money on fees and interest and build their credit over time.
But improved credit building and cash back rewards aren’t the only reasons to consider the Apple Card. If you like to make purchases with your phone, the Apple Card works seamlessly with Apple Pay. If you prefer a physical credit card, the engraved titanium Apple Card feels sturdy in your hand and looks great in your wallet — in fact, it’s on our list of the best-looking credit cards.
Here’s everything you need to know about the Apple Card, including Apple credit card requirements, how to use Apple Pay and how to earn Daily Cash on purchases.
Apple Card basics
Before we dive in, here’s a list of Apple’s application requirements:
- You must be at least 18 years old or older, depending on where you live.
- You must be a U.S. citizen or a lawful U.S. resident with a U.S. residential address or military address (no P.O. boxes).
- You must use two-factor authentication with your Apple ID.
- You must sign in to iCloud with your Apple ID.
- You must lift any freezes on your credit report before you apply for the Apple Card.
- You might need to verify your identity with a driver’s license or state-issued photo ID.
How to apply for the Apple Card
If you have an iPhone, applying for the Apple Card is easy:
- Open the Apple Wallet app.
- Tap the plus sign in the upper-right corner.
- Select “Apply for Apple Card.”
- Confirm or update your personal information with Apple, if needed.
- Review and accept the terms and conditions.
If your application is accepted, the card will be instantly added to your Apple Wallet — meaning you can begin making purchases right away. You can then request a titanium Apple card that will arrive later in the mail.
If your application is denied, Apple may invite you to participate in its Path to Apple Card program. This program will inform you why your application was denied and provide you with tasks to complete to improve your credit. If you complete the Path to Apple Card program successfully, you’ll receive an invitation to reapply for the Apple Card.
What credit score do you need for the Apple Card?
According to Apple, customers with a credit score lower than 600 might not be approved for the Apple Card. This means that some applicants with fair credit (scores ranging from 580 to 669) might be accepted for the Apple Card, while others might be declined. If your initial application is not successful, you may become eligible for the Apple Card by improving your credit score through the Path to Apple Card program.
What credit limit will you get?
According to Apple, your Apple Card credit limit is determined by a number of factors including your income, the minimum payment amounts associated with your current debt, your credit utilization ratio and your credit score.
Once approved for the Apple Card, you can view your credit limit by going to the Wallet app. Then, tap the “…” icon, followed by the card details icon (“i”). If you’d like to request a credit line increase, tap the message icon to chat with an Apple Card specialist.
Where is your credit card number located?
The titanium Apple Card features a minimalist, security-focused design that doesn’t include a credit card number. To look up your Apple Card number, simply:
- Open the Wallet app.
- Locate your Apple Card.
- Tap the card number icon.
- Complete the authentication step. The Wallet app will then reveal your credit card number.
How to use the Apple Card
There are two ways to use your Apple Card to make purchases. You can use your titanium Apple Card everywhere Mastercard is accepted, or you can use your Wallet app to make purchases in-store and online.
How to make purchases in-store
If a store accepts Apple Pay, you can make a purchase by double-clicking the side button on your iPhone (for Face ID) or double-clicking the home button (for Touch ID). Complete the authentication step and hold your phone over the card reader until a checkmark appears on the display. The transaction will complete automatically.
How to make purchases online
To use your Apple Card for mobile purchases, simply select the Apple Pay option at checkout. Double-click the side or home button on your iPhone to confirm the purchase, complete the authentication step and the transaction will process automatically. You can also make Apple Pay purchases on your iPad, Apple Watch or Mac. For Mac, you’ll either confirm the transaction via Touch ID on your Mac or through your Bluetooth-connected iPhone.
Apple Card benefits
No annual fee or other fees
The Apple Card is a no-annual-fee credit card, which means there’s no yearly cost to use the card. Plus, you won’t be charged common credit card fees like cash advance fees, foreign transaction fees, over-limit fees or late fees.
Unlimited cash back rewards
When you make certain types of purchases with your Apple Card and Apple Pay, you’ll earn Daily Cash rewards. There’s no limit to the amount of Daily Cash you can earn and you can start earning Daily Cash immediately.
These cash back rewards are applied to your account every day, and you can decide whether to use your Daily Cash to make purchases, send money to friends or family or make a one-time payment toward your Apple Card balance.
Here’s how the rewards structure works:
- 3 percent cash back on Apple purchases
- 3 percent cash back on purchases with select merchants when you use your Apple Card with Apply Pay (merchants include Ace Hardware, Exxon, Nike, T-Mobile, Uber, Uber Eats, Duane Reade, Panera Bread, Mobil and Walgreens)
- 2 percent cash back on purchases made with Apple Pay
- 1 percent cash back on all other purchases
To maximize your rewards, make sure to use Apple Pay for as many purchases as possible. That way, you’ll automatically earn 2 percent cash back on most purchases. Make sure you also use your Apple Card with Apple Pay at eligible merchants so you earn 3 percent cash back.
Manage finances and build credit
In addition to cash back rewards, the Apple Card offers several features designed to help cardholders manage their finances and improve their credit. For example, you can use the Wallet app to track your purchases by category or identify spending habits and trends. When you make credit card payments, the Wallet’s payment wheel will offer recommendations to help you avoid interest charges and pay down your balance more quickly. You can even pay for Apple products in interest-free installments.
Additionally, the Apple Card reports credit activity to the three major credit bureaus: TransUnion, Experian and Equifax. If you use your Apple Card responsibly, it can help you build your credit over time. To improve your credit score with the Apple Card, focus on making regular, on-time payments and try to keep your credit card balance as low as possible.
Apple Card Family
You can share your Apple Card account by using Apple Card Family. With this feature, you can share your account with up to five people — one “Co-Owner” and up to four “Participants.” Everyone on the shared account can use your Apple Card and view their spending. Account owners and co-owners can see group members’ activity, set transaction limits and more.
Like an authorized user, the co-owner will share your credit line and credit history regarding the account. Your account co-owner must be at least 18 years old. However, children over 13 can also be added to the account as authorized users.
The bottom line
Ultimately, the Apple Card is best for people who are excited about using mobile wallets and already make a lot of purchases with Apple and its selected retailers. If you don’t use Apple Pay and don’t plan on using Apple Pay in the future, you might want to consider a different cash back or rewards card instead.
However, since the Apple Card may accept applicants with fair credit, and since it allows people who were declined to reapply after they’ve improved their credit score, the Apple Card might also be a good option for people who want to use a credit card to build their credit.
If you’re interested in the Apple Card and you meet its requirements, apply and see what happens. If your application gets accepted, remember to use Apple Pay for as many purchases as possible to maximize your Daily Cash and take advantage of everything the Apple Card has to offer.