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Apple launched Apple Card Family

The card will be available in the US in May

Apple Family

Apple launched Apple Card Family. Source: pexels.com

Apple has announced the launch of Apple Card Family, allowing people to share their Apple Card, track purchases, manage spending, and build credit together with their Family Sharing group.

Apple Card Family allows two people to co-own an Apple Card, and share and merge their credit lines while building credit together equally.

Cardholders can add up to 5 people to their Apple Card account by sharing Apple Card with them in Wallet. All users must be part of the same Family Sharing group in order to be invited to Apple Card Family, and be 13 years of age or older.

Source: apple.com

Besides, the card enables parents to share Apple Card with their children, while offering optional spending limits and controls to help teach smart and safe financial habits.

We designed Apple Card Family because we saw an opportunity to reinvent how spouses, partners, and the people you trust most share credit cards and build credit together. There’s been a lack of transparency and consumer understanding in the way credit scores are calculated when there are two users of the same credit card since the primary account holder receives the benefit of building a strong credit history while the other does not. Apple Card Family lets people build their credit history together equally
Jennifer Bailey, Apple’s vice president of Apple Pay

Apple Card also offers Daily Cash, which gives up to 3% of every purchase as cash on users’ Apple Cash card each day.2

It also doesn’t have a credit card number, CVV security code, expiration date, or signature on the card.

We’ve reported that Apple Maps now shows COVID-19 vaccination sites.

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