Accepting terms and conditions is a necessary step when applying for Apple Card. What some card holders may not realize is that binding arbitration is included as part of this agreement. Arbitration clauses are a common thing, and in this case Apple Card accounts accept arbitration by default. Consumers can also opt-out within 90 days of opening an account.
Yes, Apple Card has a magnetic stripe on the back of the card.
Similar to other credit cards, Apple Card can be used in a chip reader or swiped. Despite Apple Card being crafted of titanium, it still contains a magnetic strip with account information. This can be processed at merchants that don't accept Apple Pay or have chip readers at the point of sale.
Applying for Apple Card requires an iPhone. Consumers cannot open an Apple Card account without an iPhone.
You must have an iPhone with Apple Pay to get Apple Card. This includes the following devices: all iPhone models with Face ID, and iPhone 6 and later with Touch ID. Apple Card is integrated with the Wallet app on iPhone.
Use the Wallet app on iPhone to generate a credit card number when using Apple Card for purchases online or over the phone.
The Apple Card is the first consumer credit card offered by Apple and Goldman Sachs. The credit card is available to all qualified iPhone owners and can be used anywhere Apple Pay or Mastercard is accepted.