Apple Card Users Can Now Export Transactions to Use in Budgeting Apps

When Apple Card launched last year, it didn't support importing transactions into various budgeting apps, which was a major negative for customers who use Quicken, YNAB, Lunch Money, Mint, and more.

As of today, though, Apple has a solution - an option to download a spreadsheet that has all ‌Apple Card‌ data, which can then be imported into many budgeting apps.


As outlined by TechCrunch, ‌Apple Card‌ users can follow these steps to access a document containing their monthly statements:

  • Open up the Wallet app.

  • Choose ‌Apple Card‌.

  • Tap the "Card Balance" option.

  • Tap on a monthly statement.

  • Tap "Export Transactions."

The option to export transactions will show up when a monthly statement is available. The ‌Apple Card‌ transactions are exported in a Share Sheet format with a CSV document, but in the future, Apple also plans to add an OFX option.

Apple's newly added feature to download transaction data in a CSV format should be a welcome change for ‌Apple Card‌ users who use budgeting services that accept imports. Some apps, like Quicken, accept imports, but may need file format conversions prior to import. Quicken does not support CSV files, for example.

Apps that require API-level integration like Plaid or Co-pilot will still be unable to download ‌Apple Card‌ content, and there's no word from Apple on when and if support will arrive.


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Apple Card Monthly Installments: How the Interest-Free iPhone Financing Plan Works

Apple Card has a new Monthly Installments financing option that allows customers to purchase an iPhone with the Apple Card and pay for it over two years with no interest or fees in the United States.

Apple has shared a new support document explaining how the monthly installment plan works, which we've detailed below.


When using Monthly Installments, the cost of your new iPhone is divided into 24, interest-free monthly installments. Each installment is included in your Apple Card minimum payment and is due every month for 24 months. Monthly Installments are billed to your Apple Card statement on the last day of the month.

You can use Apple Card Monthly Installments to buy more than one iPhone. The number of iPhones you can buy is only limited by your available credit.

For each iPhone purchased with the Apple Card, you will receive 3% Daily Cash. If the iPhone is purchased between December 10 and December 31, it is eligible for a doubled 6% Daily Cash as part of a holiday promotion.

AppleCare+ can be bundled with the iPhone as part of the monthly installments.

How to View and Pay Apple Card Monthly Installments


Paying for an Apple Card Monthly Installment is as simple as paying off your minimum payment or higher each month.

To see and manage your Apple Card Monthly Installments, update to iOS 13.2 or later. Then, open the Wallet app, tap on your Apple Card, tap the button with three-dots in the top-right corner, and tap Installments.


The installments screen shows the total amount paid off so far, the remaining balance, the due date and amount of your next monthly installment, and a history of your monthly payments. There is also a Pay Early option that can reduce the number of payments, but this requires paying off your entire Apple Card balance first.

If you tap Total Financed, you can review other details like a description of the iPhone you purchased and how much Daily Cash you received.

As a shortcut, when you purchase an iPhone with Apple Card Monthly Installments, you will receive a notification on the iPhone or iPad you use to manage your Apple Card that can be tapped to view installment details.

Apple Card Monthly Installments are available for purchases made at Apple Stores, Apple.com, and through the Apple Store app.

Apple already offered interest-free iPhone financing through its iPhone Upgrade Program, but the Apple Card plan has a few advantages, including cash back, managing payments in the Wallet app, and no late fees.


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Apple Card’s 24-Month Interest-Free iPhone Installment Plan Available Starting Today

Apple Card's interest-free monthly installment plan for the iPhone is launching in the United States today, as noted by TechCrunch.


The plan allows customers to purchase a new ‌iPhone‌ with ‌the Apple Card‌ and pay for it over 24 months with no interest. Customers will continue to get 3% Daily Cash back for the iPhone purchase as well, or an increased 6% Daily Cash until December 31 as part of a holiday promotion announced today.

When paying for an iPhone with Apple Card Monthly Installments, each month's installment is included in your minimum payment amount. And unlike other purchases with the Apple Card, the installments are not subject to interest unless there is an outstanding balance beyond the 24-month grace period.

Apple Card Monthly Installments are available for purchases made at Apple Stores, Apple.com, and through the Apple Store app.

Apple already offered iPhone financing through its iPhone Upgrade Program, but the Apple Card plan has a few advantages, including cash back, managing payments in the Wallet app, and no late fees.

Apple has shared more details in a support document.


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Apple Card Offering 6% Daily Cash Back on Apple Product Purchases Until December 31

Apple's Twitter account for the Apple Card today announced that customers can get six percent Daily Cash back on most Apple products purchased through December 31.


The six percent savings will be delivered as Daily Cash in Apple's Wallet app, transferred to the Apple Cash card. Apple highlights products like the iPhone 11, Apple Watch, MacBook Pro, and AirPods Pro as part of the promotion.


However, it excludes purchases made on iTunes, AppleCare+, and payments made to Apple's ‌iPhone‌ Upgrade Program. Users have until December 31 to take advantage of the offer.

Outside of the holidays, Apple offers three percent Daily Cash back for Apple product purchases. Partners like Uber, Uber Eats, Walgreens, Duane Reade, T-Mobile, and Nike also now support three percent Daily Cash back. Apple says additional partners will be added over time, while all other purchases made with the ‌‌Apple Card‌‌ via ‌Apple Pay‌ will continue to receive two percent Daily Cash.

To apply for an ‌‌Apple Card‌‌, simply open the Wallet app on an ‌iPhone‌ running iOS 12.4 or later, tap the plus button in the top-right corner, and follow the on-screen steps. The process takes just a few minutes, and if approved, your digital ‌‌Apple Card‌‌ will be ready for purchases immediately. Daily Cash is unlimited and paid out daily to your Apple Cash account. For more details, make sure to check out our Apple Card guide.


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Apple Card Beginning to Show Up on Credit Reports

Nearly four months after rolling out in the United States, the Apple Card is now beginning to appear on credit reports.


Goldman Sachs has confirmed that it is working with credit bureau TransUnion to begin reporting Apple Card information, informing cardholders that they will see full details on their credit report within the next five days. This includes the date the Apple Card account is opened, credit balance, payment status, and more.

In other words, like any other credit card, the way you use your Apple Card can now have an impact on your credit score.

Last month, Apple CEO Tim Cook opined that the Apple Card has been the "most successful launch of a credit card in the United states ever," although that was before allegations surfaced of gender bias during the approval process. Goldman Sachs has since offered to reevaluate credit limits.

To apply for an Apple Card, simply open the Wallet app on an iPhone running iOS 12.4 or later, tap the plus button in the top-right corner, and follow the on-screen steps. The process takes just a few minutes, and if approved, your digital Apple Card will be ready for purchases immediately.


Apple Card offers 3% cashback at a growing number of merchants, including Apple, Nike, Uber, Uber Eats, Walgreens, Duane Reade, and T-Mobile.


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Apple Card Now Offers 3% Cash Back on Nike Purchases via Apple Pay

Apple Card users will now receive 3% Daily Cash when making purchases via Apple Pay at Nike stores, on Nike.com, in the Nike app, and across SNKRS, Nike Training Club, and Nike Running Club, according to TechCrunch.


3% Daily Cash only applies to Nike purchases made with the Apple Card via Apple Pay. The physical Apple Card only offers 1% Daily Cash.

3% Daily Cash was initially limited to purchases made directly with Apple, but partners now include Uber and Uber Eats, Walgreens, Duane Reade, T-Mobile, and Nike. Apple says additional partners will be added over time.

All other purchases made with the ‌Apple Card‌ via ‌Apple Pay‌ will continue to receive 2% Daily Cash.

To apply for an ‌Apple Card‌, simply open the Wallet app on an iPhone running iOS 12.4 or later, tap the plus button in the top-right corner, and follow the on-screen steps. The process takes just a few minutes, and if approved, your digital ‌Apple Card‌ will be ready for purchases immediately.

Daily Cash is unlimited and paid out daily to your Apple Cash account. For more details, make sure to check out our Apple Card guide.

Related Roundup: Apple Pay

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Goldman Sachs Offers to Reevaluate Apple Card Credit Limits After Claims of Gender Bias

Apple banking partner Goldman Sachs has issued another statement regarding allegations made earlier in the week that some credit decisions for Apple Card have been made in a discriminatory manner on the basis of gender.


In a typed statement, an image of which was shared on Twitter on Monday night with the comment "We hear you #AppleCard," Goldman Sachs retail bank CEO Carey Halio said that the bank would take another look at credit lines for customers who expected higher limits.
"We have not and never will make decisions based on factors like gender," Halio said. "In fact, we do not know your gender or marital status during the ‌Apple Card‌ application process."
The CEO added that Goldman Sachs worked with a third-party to review its credit decisioning process "to guard against unintended biases and outcomes."
If you believe that your credit line does not adequately reflect your credit history because you may be in a similar situation, we want to hear from you. Based on additional information that we may request, we will re-evaluate your credit line.
Over the weekend, app developer David Heinemeier Hansson claimed on social media that his ‌‌Apple Card‌‌ credit limit was twenty times that offered to his wife, even though the couple has been married for many years, file joint tax returns, and live in a community property state where all income and assets acquired while married are considered jointly owned.

Apple co-founder Steve Wozniak also reported that his ‌‌Apple Card‌‌ credit limit was ten times that offered to his wife, with the Wozniaks in a similar financial situation where all assets are jointly owned.

In response, the New York State Department of Financial Services announced that it would would examine whether the algorithm used to make the credit limit decisions violates state laws that prohibit discrimination on the basis of sex.

In Goldman Sachs' original response to the controversy, the bank maintained that factors like gender are never used in credit decisions and explained how members of a family could receive very different credit decisions.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.


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Regulators Looking Into Claims of Gender Discrimination in Apple Card Credit Decisions, Goldman Sachs Responds

Goldman Sachs and Apple have become involved in a controversy over credit decisions for Apple Card, amid complaints that those decisions appear in some cases to have been made in a discriminatory manner on the basis of gender, reports The New York Times.


The firestorm kicked off late last week when Ruby on Rails creator David Heinemeier Hansson indicated on Twitter that his ‌Apple Card‌ credit limit was twenty times that offered to his wife, even though the couple has been married for many years, file joint tax returns, and live in a community property state where all income and assets acquired while married are considered jointly owned.

Apple co-founder Steve Wozniak also weighed in, reporting that his ‌Apple Card‌ credit limit was ten times that offered to his wife, with the Wozniaks in a similar financial situation where all assets are jointly owned.

In response, New York State Department of Financial Services Superintendent Linda Lacewell has announced that her office will be looking into the situation, and she offered additional information in a Medium post today.
I responded, announcing that the New York State Department of Financial Services (DFS) would examine whether the algorithm used to make these credit limit decisions violates state laws that prohibit discrimination on the basis of sex. For the rest of the day, numerous Twitter users responded to David’s initial tweet, including Apple co-founder Steve Wozniak (who indicated his credit limit is ten times higher than that of his wife), describing similar instances where men received higher credit limits than women. Confounding this is the “black box” problem, in which consumers have little visibility into how a decision is made or why they have been rejected.

New York law prohibits discrimination against protected classes of individuals, which means an algorithm, as with any other method of determining creditworthiness, cannot result in disparate treatment for individuals based on age, creed, race, color, sex, sexual orientation, national origin, or other protected characteristics.
Goldman Sachs today responded to the controversy, maintaining that "factors like gender" are never used in credit decisions and explaining how members of a family could receive very different credit decisions. The statement did not, however, directly address Hansson's situation, which is understandable given financial privacy issues.
With ‌Apple Card‌, your account is individual to you; your credit line is yours and you establish your own direct credit history. Customers do not share a credit line under the account of a family member or another person by getting a supplemental card.

As with any other individual credit card, your application is evaluated independently. We look at an individual's income and an individual's creditworthiness, which includes factors like personal credit scores, how much debt you have, and how that debt has been managed. Based on these factors, it is possible for two family members to receive significantly different credit decisions.

In all cases, we have not and will not make decisions based on factors like gender.
Goldman Sachs also noted that it is "looking to enable" the ability for users to share Apple Cards with other members of their families, although the company did not specify when that might occur.


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Goldman Sachs Issued $10 Billion in Credit Lines for Apple Card

During Apple's earnings call for the fourth fiscal quarter of 2019 this week, Apple CEO Tim Cook said he believed that the Apple Card had the "most successful launch of a credit card in the United states ever," and that Apple was "thrilled" with its reception.

More information on how the ‌Apple Card‌ launch went was shared in Goldman Sachs regulatory filings this week, with key details highlighted by Bloomberg.


From the launch of the card in August to September 30, Goldman Sachs extended credit lines totaling approximately $10 billion to Apple customers. There's no word, though, on how many iPhone users have signed up for an ‌Apple Card‌.

Customers who did get an ‌Apple Card‌ had $736 million in loan balances at the end of September, though it's not clear how that compares to other credit cards as Bloomberg says banks do not break out performance by individual cards.

Goldman Sachs has historically worked with corporations and major investors, but is aiming to reach a mainstream market through ‌Apple Card‌. With the launch of ‌Apple Card‌, Goldman has cut down on unsecured personal loans through its Marcus brand, intentionally slowing that growth while to focus on the Apple-branded offering.

Due to this, nearly all of Goldman's growth came from credit card loans over the course of the last quarter.

Apple has been steadily adding new benefits to ‌Apple Card‌ since its launch to continue to draw new users. ‌Apple Card‌ now offers three percent cash back when using the card for purchases from Uber, Uber Eats, T-Mobile, Walgreens, and Duane Reade, with plans to expand the three percent cash back offering to additional merchants in the future.

At other stores, Apple offers two percent cash back when making an Apple Pay purchase or one percent cash back when making a non-Apple Pay purchase with the physical card or online.

Most recently, Apple announced an upcoming option that will let ‌Apple Card‌ customers purchase a new iPhone and then pay it over 24 months with no interest. It's the same setup as Apple's current device payment plans, but more conveniently integrated into the ‌Apple Card‌ for ‌Apple Card‌ users.


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Apple Card Owners Will be Able to Purchase an iPhone and Pay Over 24 Months With No Interest Starting Later This Year

During today's earnings call for the fourth quarter of 2019, Apple CEO Tim Cook announced a new feature that's coming to Apple Card later this year -- fee free iPhone payments.

Customers will be able to purchase a new iPhone using ‌Apple Card‌ and pay for it over 24 months with no interest. Customers will continue to get three percent cash back for the purchase as well.


There's no specific word on when the iPhone payment plan will be available, but Cook did say that it's coming this year, so it could perhaps be introduced ahead of the holiday season.

Cook said that Apple has been "thrilled" with the reception to ‌Apple Card‌ since its August launch. He said that Apple believes it was the "most successful launch of a credit card in the United States ever."


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