Skip to main content

Apple Is Launching Their Own Credit Card Soon

By August 16, 2019May 16th, 2022Technology News

Apple has partnered with Goldman Sachs and their long-awaited “Apple Card” begins rolling out in limited fashion. The card becomes available to all iPhone owners in the United States toward the end of August.

According to CEO Tim Cook, a random selection of people who signed up to be notified about the Apple Card are getting an early-access sneak peek.

However, the company has been tight-lipped about exactly how many people are being invited into the preview group.

If you’re one of the lucky winners, know that the sign-up process will involve upgrading to iOS 12.4 and entering your address, your birthday, income level and the last four digits of your Social Security number.  That information is sent on to Goldman Sachs, which will approve or deny your credit application in real time and in under a minute.

Note that part of the approval process also involves a TransUnion credit check, so if you have that information locked, you’ll need to unlock it (at least long enough to get approval).

Once you’ve been approved, your card will show up in your Apple Wallet immediately and be available for use.  If you want one, you can request a physical card from Apple for free during the setup and it will arrive in the mail in a few days.

The cool thing about the physical card is the fact that it has an NFC tag on it, so you can activate it simply by tapping the phone against it.

Also note that you’ll have three different credit card numbers associated with your Apple Card:

  • The number assigned to your phone
  • The number assigned to the physical card
  • A virtual number you can access in the app for online purchases where the vendor doesn’t accept Apple Pay.

Also note that unlike the other credit cards in your wallet, this one has no expiration date or security code. You can lock the card at any time from the app, though.  Welcome to Apple’s Brave New World!

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.