With the Apple Card due to arrive in the United States later this month, details have begun to emerge, revealing a number of restrictions on the use of the new Cupertino credit card.
Posted publicly on the Goldman Sachs investment bank website, the Apple Card User Agreement states that users will need an eligible device to access the card, which means a device associated with an "Apple ID associated with a iCloud account in good standing with Apple, as well as a valid email address associated with your Apple ID. "Two-factor authentication must also be enabled on the account.
There's bad news for users of jailbroken iPhones, too: Under the agreement, "disabling hardware or software controls" via jailbreak will make your device "no longer...eligible to access or manage your account."
By registering for the Apple Card, users must also "acknowledge that use of a modified eligible device in connection with their account is expressly prohibited, constitutes a violation of this Agreement, and may result in the denial or limitation of their access to their account. account or the closure of your Account, Account or any other resources available to us under this Agreement. "
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Additionally, users will not be able to use their accounts for cash advances, which the agreement describes as "any cash advance and any transaction that is comparable to payment transactions, including money purchases." equivalent funds such as traveler's checks, foreign currency, or cryptocurrency. "
This also includes "money orders, peer-to-peer transfers, electronic transfers or similar transactions, lottery tickets, casino gambling chips (whether physical or digital), race bets, or similar gambling transactions."
While these provisions are fairly common in credit card contracts, they shouldn't be that surprising. However, they are sure to be disappointing to those who hoped that Apple's "smarter" credit card could be an exception. We don't seem to think too differently, at least in this regard.
(via 9to5Mac)