No, unfortunately, the Apple Cards credit card issued by Goldman Sachs does not support balance transfers. Thus, we would recommend you consider the best balance transfer credit card offers from our partners. Many of them offer a 0% intro APR on balance transfers for up to 18 months and no annual fee.
But when you dive into the Apple Card’s terms and conditions from Goldman Sachs, you’ll notice one interesting omission: The Apple Card doesn’t have a balance transfer APR or a balance transfer fee (and for good reason, since this card doesn’t allow balance transfers at all).
Essentially, Apple reserves the right to not accept any balance transfers to and from its Apple Card and only has to accept a payment method that it has outlined, such as submitting online payments, paying through the Wallet app or by talking to an Apple specialist.
Apple card is backed by which bank?
Apple Card is the credit card designed by Apple and backed by Goldman Sachs. It offers a variety of perks and rewards, including 0% financing on Apple products. Here’s everything you need to know.
Which bank is apple card?
Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on Apple devices such as an i, phone, i Pad, Apple Watch, or Mac. Currently, it is available only in the United States.
The bank behind the Apple Card is Marcus by Goldman Sachs. The Details on the New Apple Card Apple offered the card to a select group of users on Aug. 6, 2019, with a wider release later in the month. The Apple Card will live on your Wallet App and be available across all of your Apple devices.
Who is the issuing bank of Apple Card?
Information about products not manufactured by Apple, or independent websites not controlled or tested by Apple, is provided without recommendation or endorsement.
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.
Should you consolidate debt on Your Apple Card?
If you have debt on an Apple Card that you would prefer to consolidate, here are some options to consider. While you may not be able to sign up for a balance transfer card and have the balance transferred from your Apple Card the traditional way, balance transfer checks offer a workaround.
Fortunately, Apple does not have ultimate control over how you pay off your balance with their credit card, and there are some workarounds to be aware of. If you have debt on an Apple Card that you would prefer to consolidate, here are some options to consider.
What types of cards does Apple Pay support?
The banks that work with Apple Pay do not support all the cards, such as, personal credit cards, personal debit cards, prepaid cards, corporate cards, etc. Not all banks support all types of cards. Every bank supports some particular card. For instance, J. P. Morgan supports only Personal Credit cards. It does not support any other cards.