Apple introduces Apple Card Family, enabling people to share Apple Card and build credit together

According to the press release, the solution will be available in the US starting May 2021. Apple Card Family allows two people to co-own an Apple Card, and share and merge their credit lines while building credit together equally. Besides, it enables parents to share Apple Card with their children, while offering optional spending limits and controls to help teach smart and safe financial habits. Overall, Apple Card Family is designed to help the Family Sharing group achieve a healthier financial life by making it easy to track spending, all on iPhone and with a single monthly bill.

Moreover, Apple Card is the first credit card designed for iPhone and to help people lead a healthier financial life. Built into the Apple Wallet app on iPhone, Apple Card has transformed the entire credit card experience by simplifying the application process, eliminating all fees, encouraging users to pay less interest, and providing a new level of privacy and security. The product also offers Daily Cash, which gives up to 3% of every purchase as cash on users’ Apple Cash card each day. 

Besides, with no credit card number, CVV security code, expiration date, or signature on the card, the titanium Apple Card is more secure than other physical credit card. Additionally, there are no fees associated with it, and to help consumers make informed choices, Apple Card shows a range of payment options and calculates the interest cost on different payment amounts in real time in Wallet.