Petr Škuta Even before the launch of its Apple Card credit card, Apple published the terms and conditions. They contain many standard instructions and rules, but also a few interesting ones.
The launch of Apple Card is approaching, and the company has made available the terms and conditions of using its credit card well in advance. Apple operates its card in cooperation with the banking institution Goldman Sachs, which of course directly affects the conditions of use.
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Amaya Toman Even before acquiring an Apple Card, interested parties will have to set up two-factor authentication, which is already almost standard among users. Conversely, Apple strictly limits the use of software or hardware modified devices. The paragraph with these terms directly quotes the word "jailbreaking".
Once Apple figures out that you're using Apple Card on a jailbroken device, it will cut off your credit card from it. After that, you will no longer be able to access your account from this device. This is a gross violation of contractual terms.
Bitcoin and other cryptocurrencies prohibited
It's probably no surprise that Apple won't even allow the purchase of cryptocurrencies, including Bitcoin. Everything is summarized in the paragraph on illegal purchases, which, in addition to cryptocurrencies, also includes payments in casinos, lottery tickets and other payments often associated with gambling.
The terms and conditions further describe how the purchase reward will work. When purchasing goods directly from Apple (Apple Online Store, brick-and-mortar stores), the customer receives 3% of the payment. When paying through Apple Pay, it is 2% and other transactions are rewarded with 1%.
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If the transaction falls into two or more categories, the most advantageous one is always selected. The reward is paid daily based on the volume of payments and the appropriate percentages according to individual categories. The amount will be rounded to the nearest cent. The user will then have an overview of all finances in Wallet, where he will also find Daily Cashback for transactions.
The customer will always have 28 days from the issue of the invoice to repay. If the customer pays the full amount by the last due date, Goldman Sachs will not charge interest.
Credit card Apple Card will be released in the United States this month. He recently confirmed the August date Tim Cook in evaluating the financial results for the past quarter.
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Source: MacRumors
