Apple Card disallows jailbroken phones and cryptocurrency purchases

Cal Jeffrey

Posts: 2,643   +616
Staff member

In preparation for the no-fee Apple Card's arrival, Goldman Sachs posted the customer agreement on Saturday. The terms are fairly standard except for two conditions.

The first is that the Apple Card cannot be used to purchase cryptocurrency. Goldman Sachs classifies cryptos as “cash equivalents,” which most credit cards disallow for purchasing. Other cash equivalents include casino chips, lottery tickets, race track wagers, or similar betting.

The other restriction is a little 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 eligible if it is jailbroken.

“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.”

Additionally, the card can only be maintained on the device. In other words, viewing statements and making payments are all done electronically with no opting out. The agreement says that without the device, you may take care of business over the phone or by mail. However, “if you do not maintain a Required Device, [Goldman Sachs] may close your account.”

It is still unclear exactly when the card will be available. Apple confirmed a launch window of the first half of August. So it should only be a matter of days before iPhone users begin noticing an application for the card in their wallet app.

Image credit: Primakov via Shutterstock

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captaincranky

Posts: 16,212   +4,972
Because Apple's vision for their consumers is to have everything Apple makes.
Apples goal duplicates Jeff Bezos' vision for Amazon, whereby everyone in the world is supposed to buy from Amazon everything they purchase from cradle to grave. I"m surprised the pr!ck hasn't gone into real estate yet. (Or has he)? :rolleyes:
 

learninmypc

Posts: 9,304   +686
Apples goal duplicates Jeff Bezos' vision for Amazon, whereby everyone in the world is supposed to buy from Amazon everything they purchase from cradle to grave. I"m surprised the pr!ck hasn't gone into real estate yet. (Or has he)? :rolleyes:
Last I heard, he has.
 

QuantumPhysics

Posts: 3,747   +3,640
I have iPhone XS MAX 512GB

I don't jailbreak.

I purchase cryptocurrency through coinbase.

The only people who actually think the average apple user cares about cryptocurrency or jailbreaking iPhones are Android users who are wrong.
 
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QuantumPhysics

Posts: 3,747   +3,640
Yeeeah: because a great idea would be using a credit card on a smartphone that's had its security systems compromised.
 

bexwhitt

Posts: 508   +208
A sensible precaution, android phones don't work rooted with banking apps which is annoying but makes sense.