Apple recently launched their new Apple Card Family feature to their Apple Card, this feature allows you to add a family member to your account.
This new feature is designed to make managing family finances more seamless and collaborative. By allowing you to co-own your account with a family member, you can share your credit with them. This can be particularly beneficial for helping family members, including teens and adults, build their credit rating. Additionally, you can add participants to your account, giving them access to the card without making them co-owners.
How to Add a Participant to Your Apple Card Family
Apple has now released a couple of handy videos which show how to add people to Apple Card Family. The first video demonstrates how to add a participant to your account. Participants can be anyone you trust, such as a spouse, partner, or even a child. They will have access to the card and can make purchases, but they won’t be responsible for the account’s overall balance.
Adding a participant is straightforward. You simply need to open the Wallet app on your iPhone, select your Apple Card, and then tap on the “Add Person” option. From there, you can invite the participant via iMessage. Once they accept the invitation, they will be able to use the Apple Card for purchases.
How to Add a Co-Owner to Your Apple Card Family
The second video shows us how we can add a co-owner to the account. A co-owner shares equal responsibility for the account and can help manage the spending and payments. This is ideal for couples or family members who want to jointly manage their finances.
To add a co-owner, you follow a similar process as adding a participant. Open the Wallet app, select your Apple Card, and tap on “Add Co-Owner.” You can then invite the person via iMessage. Once they accept, they will have the same rights and responsibilities as you do regarding the Apple Card account. This includes the ability to view transactions, make payments, and manage the account.
Benefits of Apple Card Family
The Apple Card Family feature offers several benefits. For one, it promotes financial transparency and responsibility within families. By sharing an account, family members can work together to manage their finances more effectively. It also provides a way for younger family members to learn about credit and financial management in a controlled environment.
Moreover, Apple Card Family includes features like Daily Cash, which allows users to earn cash back on purchases. This cash back can be shared among family members, providing an additional incentive to use the card for everyday purchases.
You can find out more details on these new features for the Apple Card over at Apple’s website at the link below.
Source Apple
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