Apple Updates Apple Card Privacy Policy to Reflect More Extensive Data Sharing Practices

Apple is updating its privacy policy for the Apple Card because it wants to share more anonymized data with Goldman Sachs, the financial partner that backs the card. Apple plans to share additional data with Goldman Sachs for improving how credit is assigned to new customers.


According to TechCrunch, data that is collected is aggregated and anonymized, and there is an opt-out option for new customers.

Apple says that sharing more data could expand the kind of user that is able to apply for an ‌Apple Card‌. For those who apply and are not approved, there's also a new option to share more personal data with Goldman Sachs, such as purchase history of Apple products. The new wording of the privacy policy is below:
"You may be eligible for certain ‌Apple Card‌ programs provided by Goldman Sachs based on the information provided as part of your application. Apple may know whether you receive the invitation to participate and whether you accept or decline the invitation, and may share that information with Goldman Sachs to effectuate the program. Apple will not know additional details about your participation in the program.

Apple may use information about your account with Apple, such as the fact that you have ‌Apple Card‌, for internal research and analytics purposes, such as financial forecasting. Apple may also use information about your relationship with Apple, such as what Apple products you have purchased, how long you have had your Apple ID, and how often you transact with Apple, to improve ‌Apple Card‌ by helping to identify Apple metrics that may assist Goldman Sachs in improving credit decisioning. No personally identifiable information about your relationship with Apple will be shared with Goldman Sachs to identify the relevant Apple metrics. You can opt out of this use or your Apple relationship information by emailing our privacy team at dpo@apple.com with the subject line "Apple Relationship Data and ‌Apple Card‌."

Applicants and cardholders may be able to choose to share the identified metrics with Goldman Sachs for re-evaluation of their offer of credit or to increase their credit line. Apple may share information about your relationship with Apple with our service providers, who are obligated to handle the information consistent with this notice and Apple instructions, are required to use reasonable security measures to protect any personal information received, and must delete the personal information as soon as they have completed the services."
Along with these privacy policy changes, Apple is introducing more detail to internal transactions. There will be no more ambiguity about charges that are labeled Apple Services, and it will now more clearly state exactly what has been purchased.

Apple's privacy policy changes are included in iOS 13.4, but the option to share data will not roll out immediately for new ‌Apple Card‌ users and will appear later.
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Apple Card Assistance Program Will Allow Customers to Skip March Payment Without Interest Due to Coronavirus

Apple Card holders today received an email informing them that should they need financial assistance due to the COVID-19 coronavirus pandemic, they can enroll in a new customer assistance program that will allow them to skip their March payment without incurring interest charges for one billing cycle.

The email was shared by Reddit user exjr_:


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Apple Card Now Supports Exporting Transactions in OFX File Format

Apple Card users are now able to export their transaction data in an OFX file format for use with third-party financial apps such as Quicken and Mint, as noted by Kyle Seth Gray. The option shows up when a monthly statement is available.

The exporting feature first rolled out last month, but only with CSV file support.


How to Export and Download Apple Card Transactions

  1. Open the Wallet app on your iPhone and tap on Apple Card.

  2. Tap on Card Balance.

  3. Under Statements, tap on the statement you want to export.

  4. Tap on Export Transactions and choose CSV or OFX.
Apple launched its credit card in the United States in August. Key features include color-coded spending summaries in the Wallet app, no fees beyond any applicable interest, and up to three percent cashback on purchases paid out daily.

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. A physical titanium-based Apple Card is also available for use at retail stores that do not accept contactless payments.


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Apple Card Said to Gain OFX Export Option ‘Within the Next Few Days’

Apple Card users will be able to export their transaction data in an OFX file format for use with third-party financial apps "within the next few days," a support representative said in an online chat with customer Jed Schmidt.

The exporting feature rolled out last month, but only with CSV file support. Apple said an OFX option would be available in the future. The option to export transactions shows up when a monthly statement is available, and the data can then be imported into budgeting apps like Quicken and Mint.


How to Export and Download Apple Card Transactions

  1. Open the Wallet app on your iPhone and tap on Apple Card.

  2. Tap on Card Balance.

  3. Under Statements, tap on the statement you want to export.

  4. Tap on Export Transactions, and then email, print, save, or share the file.
Apple launched its credit card in the United States in August. Key features include color-coded spending summaries in the Wallet app, no fees beyond any applicable interest, and up to three percent cashback on purchases paid out daily.

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. A physical titanium-based Apple Card is also available for use at retail stores that do not accept contactless payments.




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SIM-Free iPhones Now Qualify for 24-Month Interest-Free Financing With Apple Card

As noted on Reddit, unlocked aka SIM-free iPhone models now qualify for Apple Card Monthly Installments, which 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. Previously, the installment plan was limited to carrier-activated iPhones.


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.

Apple already offered interest-free iPhone financing through its iPhone Upgrade Program, but the Apple Card plan has a few advantages, including managing payments in the Wallet app and no late fees. iPhone purchases via Apple Card Monthly Installments also qualify for instant 3% Daily Cash.

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.


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How to Export Apple Card Data to a Spreadsheet

One of the issues that Apple Card users sometimes raise is that while the Wallet app offers plenty of well-organized information about spending, there's no option to directly share transaction data from the card with third-party money management apps like Mint or Lunch Money.

Fortunately, Apple recently provided a solution – you can now download a CSV spreadsheet from the Wallet app that contains all your ‌Apple Card‌ data, which you can then import into most budgeting apps and get a more complete picture of your finances. The following steps show you how it's done.

  1. Launch the Wallet app on your iPhone.

  2. Tap the Card Balance panel under your ‌Apple Card‌.

  3. Scroll down to the Statements section and tap on the month you wish to export transactions from.
    Apple Card

  4. Tap Export Transactions at the bottom.

  5. To save the data as a CSV file, tap the Share icon in the upper-right corner of the screen, where you can opt to AirDrop it to another device such as your Mac, print it, or Save to Files to save it your iCloud folders or on your ‌iPhone‌.
‌‌Apple Card‌‌ transactions are exported from the Share Sheet options as a CSV document, but in the future, Apple also plans to add an OFX option.

Note that some budgeting apps accept imported transaction data, but may need file format conversions prior to import (Quicken, for example).


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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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