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The Apple Card is now open for anyone to apply, but should you?

The Apple Card is now open for anyone to apply, but should you?

It's hard to imagine a company like Apple topping itself in terms of surprises. We're talking about the people that invented the iPhone, popularized keynote speeches for the tech industry and coined the famous "One More Thing..." teaser at the end of its massive events, after all. And yet, come WWDC2019, Apple does the unthinkable and debuts an unusual new product: A credit card.

Apple Card, Apple's first foray into the world of banking, made quite a splash when it was first unveiled. Fans and analysts cited its robust privacy features and integration with Apple Pay as interesting highlights, while critics took the company to task for working with famed investment bank Goldman Sachs.

But now, Apple has confirmed that it has finally opened up applications for Apple Card to the general public -- and nobody's sure what to expect! We have the latest information surrounding Apple's mysterious new card and what you need to do so you can try it for yourself.

Apple begins testing its new card with "select customers"

Updated August 20, 2019: Apple has finally opened applications for Apple Card to the public at large. Customers can now use their phones to apply via the Apple Wallet app, and if approved, will have immediate access to their card within the app itself.

The card, which is Apple's first official venture into financial services, gets daily cashback benefits on all purchases up to 3% -- and provides a number of incentives for invoking Apple Pay and App Store transactions. The Apple Card is backed by investment bank Goldman Sachs, and uses the MasterCard network for payment processing.

Apple has taken some criticism for employing Goldman Sachs to work on the card, with critics arguing that credit opportunities will be scarce for lower-income and underqualified customers. Although the card has no annual or monthly fees, the interest rates can be quite high for customers with lower credit scores -- even reaching as high as 24.24%.

How can I apply for Apple Card?

The exact process is still somewhat vague, as many of the early adopters have yet to post about their experience applying. Per Apple, when the card enjoys widespread availability, users will be able to open the Wallet app and apply right inside to receive an instant credit decision. The card will then appear alongside any existing credit or debit cards that have already been set up with Apple Pay.


Related: Apple Pay vs. Samsung Pay vs. Google Pay: Which is best?


Apple is aiming for a late-August release window, so if you're excited to start earning cashback for all your in-app purchases, keep an eye out for any notifications or updates from Apple. Odds are, they'll either send a notification like the early adopters received, or the rollout will be accomplished via an iOS update.

Either way, expect to hear more updates on this unusual new product from Apple as the release window draws closer. We'll be updating this story as well with more information as it becomes available.

Apple's 'It's Showtime' event details new services, including games, TV, and ... a credit card?

As expected, Apple announced its much-hyped streaming platform at its latest event, with a range of original programming from major names like Steven Spielberg and Oprah Winfrey. What came as a surprise to many viewers, however, was the other announcements Apple made. We'll be going over these new moves from Apple, along with all of the other major upgrades that will be rolling out to your devices in the coming months.

Click or tap to see what Apple has in store for your devices.

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