Apple’s credit card gets family plan with new Apple Card Family program


Apple is bringing more family features to its Apple Card credit card program. The Cupertino tech giant hosted its Spring Loaded event on Tuesday and showcased Apple Card Family, a feature set designed to make it easier for families to track spending and build a “healthier financial life.”

Also: Apple’s Spring Loaded Event: The Five Biggest Announcements

With Apple Card Family, Apple Card cardholders can merge lines of credit with spouses and partners, giving each person equal accounts and a chance to accumulate credit together. The program also allows cardholders to share their accounts with children over 13, with optional spending limits and controls to guide their financial habits.

Here are some more details about the Apple card family:

  • Apple Card customers can add up to five people to their Apple Card account through the Wallet app. All users must be in the same Family Sharing group to be invited.
  • Those 18 or older are classified as part owners of a shared Apple Card account, which allows them to establish a credit history and use credit reports.
  • 13 to 17 year olds are classified as participating on a shared Apple Card account. Being a participant has no impact on the minor’s credit history unless they have opted for credit assessment.
  • Existing Apple Card customers can also merge their Apple Card accounts for a chance to have a higher shared credit limit and lower APR.

“We built Apple Card Family because we saw an opportunity to reinvent the way spouses, partners and the people you trust most share credit cards and build credit together,” said Jennifer Bailey , vice president of Apple Pay at Apple. “There has been a lack of transparency and consumer understanding in how credit scores are calculated when there are two users of the same credit card, as the primary account holder has the advantage of being build a strong credit history, unlike the other. Apple Family Card allows people to build their credit history together equally. ”

First launched in 2019, Apple Card has an architecture and financial setup that makes the credit card as attractive as a rewards program. Customers receive 3% daily cash on all purchases made with Apple; 2% with the use of Apple Card and Apple Pay and 1% with the physical card; and 1% with the titanium Apple card. Goldman Sachs is the issuing bank and MasterCard provides a key payment partner to achieve a global base.


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