


While you can cancel your account at any time, be advised that you’ll need to do this over the phone. In addition, the Apple Card features “Apple Card Family,” a way to merge credit lines between two partners and share a joint account. A fun little perk here is that the card allows you to finance all new Apple products, interest-free, while still earning bonuses. Certain partners, like select gas stations, Panera, Uber, and Nike, also entitle you to 3% cash back. You can earn 3% cash back on all Apple products and 2% on everything else as long as you’re paying through Apple Pay. There’s no annual fee or foreign transaction fee, which is helpful, and the cash back program on eligible purchases is substantial. Join thousands already receiving our daily newsletter.There are, admittedly, some nice perks. Have a question? Email Leslie at Newsletter As a mom of four, value, usefulness and online safety take priority. Leslie Meredith has been writing about technology for more than a decade. Apple Cash is available immediately, but it will usually take up to three days for the funds to become available in your linked account. If you want to use your savings, you can transfer money from Savings to Apple Cash or to one of your linked bank accounts. This is a true savings account: You can’t spend money or make purchases in Savings directly. You likely already have an account tied to your Apple Card to make your monthly payments, but you can also add a different account if you’d like to use that to transfer money to your new Apple Savings account. Tap the circle with the three dots at the top of the page and open “Account Details.” Find “Bank Accounts” where you will be able to add a bank account. Open the Wallet app and scroll down to “Savings Account Current Balance” and tap the arrow. You can also add funds from a linked bank account, which you may want to do if you’re not earning much interest elsewhere, or if you’d like the idea of seeing your funds grow in the app. To check, open “Settings,” tap on your name at the top of the page and go to “Password & Security.” Be sure “Two-Factor Authentication” is toggled on.
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This is a security measure that sends a one-time code to your phone that you use to log into your account along with your password. You will also need to have two-factor authentication set up on your device.
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If not, install the update, which is 16.4.1. Go to “Settings,” tap “General” and then “Software Update” to see if you are up to date. Before you start, be sure that your iPhone’s operating system is up to date, otherwise, you won’t see the Savings option. Once you have the card, you can set up Savings. Like with everything Apple, applying for a card is a quick and easy process that can be done right in the Wallet app. You can buy Apple products from Apple with no interest fees when you opt for monthly installments, and you’ll earn 3% Daily Cash back. The Apple Card was introduced in 2019 and offers cash back rewards, no annual fees, no foreign transaction fees and the ability to manage your finances through the Wallet app. Here’s how it works.įirst, you must be an Apple Card holder. You can easily track your savings on your phone and transfer funds from a linked bank account. It’s particularly good for anyone who has simple financial needs. It takes less than two minutes to set up a new account. Today, Savings is a simple way to earn more on the cash accruing from Apple purchases made with Apple Card at the very least and an alternative to a traditional savings account.
