Conclusion: The Apple Card will be here sometime this month. We learned today that the card has some limitations that are unusual with credit card agreements. The purchase of cryptocurrency and phones with jailbreak is not allowed.
In preparation for the arrival of the free Apple Card, Goldman Sachs released the customer agreement on Saturday. The conditions are quite standard with the exception of two conditions.
The first is that the Apple Card can not be used to buy cryptocurrency. Goldman Sachs classifies cryptos as "cash equivalents" that most credit cards are not allowed to buy. Other cash equivalents are casino chips, lottery tickets, race track bets or similar bets.
The other limitation is a bit more unusual. Mainly that you must have a digital version of the Apple Card in the Wallet app on your iPhone and the device is not authorized in a jailbreak.
"If you make unauthorized changes to your Eligible Device, such as by disabling hardware or software controls (for example, a process sometimes called" jailbreaking "), your Eligible Device may no longer be able to access your account or manage this. You acknowledge that the use of a modified Qualified Device in connection with your Account is expressly prohibited, in violation of this Agreement, and may result in your denying access to or access to your Account or closing your Account Restrict Account This Agreement.
In addition, the card can only be managed on the device. In other words, the display of bank statements and the execution of payments are done electronically without the need to log out. The agreement states that you can do business by phone or mail without the device. However, if you do not manage a required device, [Goldman Sachs] your account may be closed.
It is still unclear when the card will be available. Apple confirmed a start window of the first half of August. It should take only a few days for iPhone users to notice an application for the card in their wallet app.
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