Apple eagerly anticipated Apple Card could be the most consumer-friendly credit card on the market. However, there are a few rules that could put off a small number of users.
In Goldman Sachs’ customer agreement for the card, it notes that Apple Card is not for people who jailbreak their iPhones. And it can’t be used for buying Bitcoin, lottery tickets, and a few other things, either.
On the jailbreak front, the agreement notes that:
“If you make unauthorized modifications to your Eligible Device, such as by disabling hardware or software controls (for example, through a process sometimes referred to as “jailbreaking”), your Eligible Device may no longer be eligible to access or manage your account. You acknowledge that use of a modified Eligible Device in connection with your Account is expressly prohibited, constitutes a violation of this Agreement, and could result in our denying or limiting your access to or closing your Account as well as any other remedies available to us under this Agreement.”
This is unlikely to be a deal-breaker for many users. Jailbreaking was big in the early years of iOS. However, it’s since declined vastly in popularity. Many of the pioneers behind jailbreaking have moved on.
Security vulnerabilities are also frequently sold as part of Apple’s bug bounty rather than used to create jailbreaks. In addition, jailbreaking opens up new security vulnerabilities. Even the people who originally made jailbreaking a huge craze have more or less admitted that it’s dead.
The Apple Card also can’t be used to purchase cryptocurrencies. As Reuters notes, the card cannot be used to buy, “cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets.”
It’s not clear exactly why this call was made. But Apple has previously had a sometimes turbulent relationship with cryptocurrencies. In 2018, Apple revised wording in the App Store review guidelines to ban apps which, “run unrelated background processes, such as cryptocurrency mining.”
Apple will introduce the Apple Card in August. It was first shown off during March’s Apple keynote, where it managed to steal the show. It biggest selling point is the way that it makes it easier to track payments and understand your spending. The day, location, amount and time of each purchase are clearly listed. Add in the stunning physical design of the card and you’ve got a winner on your hands!
Well, unless you’re a jailbreaker with a penchant for cryptocurrency, that is!