The Apple Card is available across all of the cardholder’s Apple devices, and it pays its highest rewards for purchases of Apple products and services. The bank behind the Apple Card is Marcus by Goldman Sachs.
While Apple came up with the idea of the Card and the details of what it offers, the company needed to have a bank officially issue it, which is where Goldman Sachs ( NYSE: GS) comes in. Goldman Sachs is new to the consumer lending market as of 2016, and Mastercard is the global payment network the Apple Card will work through.
The bank behind the Apple Card is Marcus by Goldman Sachs. Apple offered the card to a select group of users on Aug. 6, 2019, with a wider release later in the month.
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You can also choose a different bank account to pay your Apple Card balance: Open Wallet on your i. Phone and tap Apple Card. Tap to pay. Choose a payment amount and tap the Pay Now button. Tap your bank account, then choose a different bank account. Tap the Back button and authenticate with Face ID, Touch ID, or your passcode to make a payment.
Apple works with Goldman Sachs Bank USA, Salt Lake City Branch as their bank issuing partner, and Mastercard as their network for Apple Card. Apple Card is available for qualifying applicants in the United States. And received a chart-topping score of 864.
What cards does Apple Pay work with?
Apple Pay works with many of the major credit, debit, and prepaid cards from the top banks and card issuers. Just add your supported cards and continue to get all the rewards, benefits, and security of your cards. We’re working with more banks and card issuers to support Apple Pay.
What is the Apple Card?
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., and get started. Apple Card right away.
One of the next things we wondered was: is the Apple Card a credit card?
Apple said that the card is everything a credit card should be. A certain credit score is required to be eligible for an Apple Card. Young adults without a credit history may not qualify for an Apple Card.
Is the Apple credit card issued by Goldman Sachs?
Despite being issued by Goldman Sachs, Apple still has a lot of control over the Card. For example, Apple wanted the Card to have some of the lowest interest rates among rewards credit cards, and it does, according to The Balance.
Will I qualify for apple card?
You need a credit score of more than 600 to qualify for an Apple Card. If a low credit score prevents you from getting an Apple Card on your first application, the company can invite you to join its Path to Apple Card program to improve your score. You can apply for an Apple Card again after successfully completing the program.
You have a high number of recent applications for credit. Goldman Sachs uses Trans. Union and other credit bureaus to evaluate your Apple Card application. If your credit score is low (for example, if your FICO9 score is lower than 600), 4 Goldman Sachs might not be able to approve your Apple Card application.
How can I qualify for Apple credit card pre-approval?
Editorial and user-generated content is not provided, reviewed or endorsed by any company. You cannot qualify for an Apple Credit Card pre-approval, because the issuer doesn’t offer this option. You can, however, check if you pre-qualify online by applying for the card, without hurting your credit score.
While some credit cards are designed for those with low or no credit score, Apple Card is not built for those scenarios. You’d be better served by a secured credit card if you’re starting with no credit or working back from bad credit. However, people have been surprised at some of the credit scores that are being approved.