Apple Card Family has been announced by the tech brand as its latest update to its namesake credit card service that will open up accounts to more members to share financial capabilities. The service will allow up to five family members to be added under one unified account to help everyone build credit and manage spending together. Members must be family members at least 13 years of age.
Apple Card Family was explained further by Vice President of Apple Pay Jennifer Bailey who said, “We designed Apple Card Family because we saw an opportunity to reinvent how spouses, partners, and the people you trust most share credit cards and build credit together. There’s been a lack of transparency and consumer understanding in the way credit scores are calculated when there are two users of the same credit card, since the primary account holder receives the benefit of building a strong credit history while the other does not. Apple Card Family lets people build their credit history together equally.”
