- I'm Andru Edwards, and
you're watching Gear Live.
The latest iPhone accessory from Apple
isn't your typical phone case or charger.
Nope, it's the Apple Card.
A no fee, Digital First card
that offers daily cashback
and a titanium physical card, as well.
I just got mine and, in this video,
I answer all the questions you
sent in about the Apple Card.
(upbeat music)
What's going on, tech
squad, Andru Edwards here,
editor and chief of GearLive.com
and, as I mentioned, today, we
are going over your questions
that you submitted about
Apples newest product,
the Apple Card.
Now, as I mentioned, in the open,
I just got my invitation to
apply for the Apple Card.
So, I'll show you what the
application process looks like.
And I've also collected the questions
you sent over, on Twitter, Facebook,
and over on the YouTube community tab.
I did my research, talked to Apple,
and got some answer for you, as well.
So, let's kick this off with
how the Apple Card works.
I think one of the most important
things you need to know,
is that, in order to get the Apple Card,
you have to have an iPhone.
That's right, the Apple Card
requires and iPhone to apply.
You won't be able to
apply in a web browser
or on an Android device.
Or even on an iPad, iPod Touch, or Mac.
The only way to apply for the Apple Card,
and get it into your Apple Wallet,
is with an Apple iPhone.
The card number of your
Apple Card is accessible
in the Wallet app, on your iPhone.
And that means you can
use the card right away,
as soon as it appears in your Wallet.
You do not need to wait for
the physical card to arrive.
And, in fact, as you saw,
you don't even have to opt
to receive a physical
card, if you don't want to.
As you use it, you'll
see your digital card
will change colors,
based on the categories
of the transactions that you make.
So, after seeing videos of
other peoples Apple Cards,
or even Apples official marketing,
the Apple Card, in the
app, looks different,
depending on whose card you're looking at.
So, all the different colors and gradients
that you see on someones Apple Card,
that's an indication of
the categories or products
they end up spending money
on, using their card.
Speaking of the physical card,
it's a titanium etched card,
which will arrive in the
mail a few days later,
after you apply and are approved.
The card itself will have your name on it,
along with an Apple logo on the front.
And a Goldman Sachs and
Mastercard logo on the back.
There's no card number on the card itself,
and there's no signature line either.
Now, when you feel the
Apple Card in your hand,
it's very heavy, it's made of metal.
One thing I asked Apple about
was if there was any
sort of replacement fee,
if you happen to lose your
card, misplace your card,
or have your card stolen.
Apple told me, no, there is
no replacement fee at all.
If you need a replacement
Apple Card, just let them know,
and they will send one out.
Now, let's talk about the
benefits, for a moment.
What do you get in exchange
for using the Apple Card.
And benefits are a big deal these days,
because anyone can offer a credit card.
But a lot of people look
towards additional perks.
What else do I get for
signing up with your card,
versus signing up for someone else's card?
Do I get airplane miles,
hotel points, cashback,
double points when I buy
something at a restaurant?
Do I get free gas money?
There's all sorts of
different perks out there.
And these are the ones
that Apple's offering
with the Apple Card, at launch.
So, the first benefit of the
Apple Card is 3% cashback
on purchases made from Apple itself.
And, to be clear,
there seems to be a lot
of confusion about this,
it's not just Apple hardware purchases.
It's not just things that you buy
at the physical Apple Store
or Apple Store online.
It's anything that you buy through Apple.
So, that includes the Apple Store.
So, if you're buying a new MacBook Pro,
or a HomePod, or an iPhone,
those things will be eligible
to get 3% cashback.
But if you charge your
Apple Music subscription,
your iCloud Storage subscription,
any Apple TV channels you subscribe to,
Apple News, if you're
subscribing to Apple TV+,
all of these things, that
you would pay Apple for,
subscription services, et cetera,
are all eligible for that 3% cashback.
So, again, 3% cashback on
purchases made from Apple itself.
Next up, there is 2% cashback
when using your Apple Card
with Apple Pay.
So, any Apple Pay transactions.
Those are the transactions
where tap to pay,
you're not swiping your physical card.
If you use Apple Pay,
you will get 2% cashback
on those purchases, with
the exception, of course,
being if you use Apple
Pay in an Apple Store.
That will be 3% cashback.
Apple was clear, during the
announcement of the Apple Card,
that there is no limit to these.
So, you can use your
card as much as you want.
And you'll get that cashback
for any purchases you make,
with no limits.
And, finally, there is 1% cashback,
for the instances where
you need to actually
swipe your physical card.
And I feel like, at
least here, where I live,
and the places I travel
to, here in Seattle,
LA, New York, San Francisco, et cetera,
I'm finding, more and more,
that I'm able to use Apple Pay
in almost every place I go to.
But there are instances
where you do need to bust out
your physical card and swipe it.
And, when it comes to those transactions,
you are only getting 1% cashback.
So, again, any time you need to take out
that physical Apple
Card, from your wallet,
when you swipe with it,
you're only getting 1% back.
Now, for all the cash that accrues,
as you're using your
Apple Card to pay Apple,
with Apple Pay and with swiping,
at the end of the day, you're credited
with your Apple daily cash.
So, all the cashback that you've
accumulated during that day
is available to you to use
at the end of every day.
Now, this money is deposited
onto your Apple Cash Card,
in your Apple Wallet.
And you can use it just like you would
any other cash on your Apple Cash Card.
Which means you can Apple
Pay a friend in messages.
You can use your Apple Cash
Card with Apple Pay at a store.
And you can even take the
cash that you've accumulated
and put it right back
onto your Apple Card,
to bring down your balance.
Now, to be fair, these
are not the best benefits
that you are gonna be able to find,
when shopping around for credit cards.
So, if you're purely about the bonuses,
you'll probably wanna look elsewhere.
Now, it should also be
stated that the Apple Card
does not have any fees.
There's no over limit fees,
transaction fees, annual fees.
There's no fees at all
with your Apple Card.
You will get finance charges,
if you don't pay your bill.
But there's no extra additional
fees with the Apple Card.
Which is something that's rare.
Now, one question I got from someone was,
can I pay someone else with my Apple Card?
So, I'm not buying from a store,
but can I pay a friend, for
example, with my Apple Card?
And the answer is pretty much no.
You cannot pay someone
from your Apple Card
to their Apple Cash account.
You can't treat the
Apple Card as Apple Cash.
Those are two separate things.
And, again, it makes sense,
because the Apple Card
gives you bonuses for spending.
And you're not gonna be able
to send money back and forth
to your best friend,
in order to accumulate
that sweet, sweet daily cash,
without really, actually
spending any money on anything.
Apple Cash is funded by debit
cards, not credit cards,
and the Apple Card is a credit card.
So, no, you cannot use that for Apple Pay,
person to person transactions.
However, if your friend
does have something
like a square reader or
a credit card reader,
then, yes, you can pay that person,
with a credit card transaction,
using their credit card reader or device.
And the last question I got from you guys,
on the Apple Card,
is what if I want to have a joint account?
I have a spouse, I have
a significant other.
All of our other credit
cards are joint accounts,
we wanna have a joint account
with the Apple Card, as well.
The answer, right now, is no.
The Apple Card is only set up, currently,
for individual accounts.
So, if you have a spouse,
you have someone else
significant in your life,
they will need to apply
for their own Apple Card,
and be approved on their own merit,
rather than being a sub account
or a card holder on your account.
At least, right now.
Would not be surprised if Apple
added the ability to have
joint accounts in the future.
Especially with their
whole family sharing thing,
that we see on pretty much
every other service that they offer.
But, for now, the Apple Card
is an individual account card.
If you wanna learn more
about the Apple Card,
head over to Apple.com/Apple-card.
If you watch this video before
it is publicly available,
you can even sign up for a
chance to get early access
to the card, as well.
So, there we have it, guys.
That was your look at the Apple Card.
Let me know what you think.
Do you plan on applying, do
you plan on picking one up?
Is it not a card that's
good enough for you
and what you're looking
for in a credit card?
Sound off in the comments below.
I will meet you there
for further discussion.
For me, a few percent cashback,
I'll be happily taking advantage of that.
Especially, when Apple drops that Mac Pro
in just a couple of months.
Speaking of in a couple of months.
Apple will be releasing iOS 13,
in just about a month from now.
I've been doing videos showing
you all the best features
that iOS 13 has to offer.
One of the best ones is that you can now
pair your Xbox One or
PlayStation 4 controller
to your iOS device, in order
to play your iOS games.
If you wanna see a video
on that, I have one.
I will leave a link up here,
as well as down in the description, below,
if you wanna check that out.
Don't forget to hit that subscribe button,
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Until next time, thank
you so much for watching,
as always, guys, I
appreciate your support.
I'm Andru Edwards, and I will
catch you in the next video.
(rock music)
