The Apple Card is launching soon - here's how to apply for one directly from your iPhone
- Apple's credit card, the Apple Card, will be launching this month.
- The card lives in the Wallet app on your iPhone, but you can also order a physical card.
- Here's a look at how to set up the Apple Card once it becomes widely available in August.
- Visit Business Insider's homepage for more stories.
Apple is finally about to release its credit card, the appropriately-named Apple Card, after unveiling it in March.
The company started rolling out the card to select users who signed up to be notified about its release, and it plans to launch the card more broadly later this month.The Apple Card is a virtual credit card that lives in the iPhone's Wallet app, but you can also choose to order a physical version that can be used at locations that don't accept Apple Pay. The physical card doesn't have any numbers printed on it, which could reduce the chances of your card getting compromised - a feature Apple has emphasized in its announcement and marketing of the card.
Through Apple Card, you'll get 2% cash back in the form of Apple Cash any time you use Apple Pay for a purchase. Apple provides 3% cash back any time you buy something from Apple using Apple Card, whether it be from the company's retail stores, iTunes, or the App Store, and 1% cash back whenever the physical card is used. Goldman Sachs is the bank Apple is working with to issue the card.
The Wallet app also provides a breakdown of your spending habits by organizing purchases according to category and can display the location of where a purchase took place on a map.
See below to learn about how to sign up for the Apple Card within the Wallet app.