New Apple Card Will Block Online Gambling Transactions
If you’re an online gambler and look forward to using the new Apple credit card to make deposits at online casinos, we have some bad news. According to Buzzfeed News and Macworld, the new Apple credit card will come with significant restrictions, including restrictions on using the credit card for gambling transactions or purchasing cryptocurrency.
In case you have not already heard, Apple is about to launch the Apple Card, a credit card that will see the tech giant partner with Goldman Sachs. The tech giant designed the Apple Card mainly for use with Apple Pay on devices like the iPhone, iPad, or Apple Watch.
The card will offer interest rates from 13.24 to 24.24 percent and will provide cash back incentives for regular use.
Apple Credit Card Restricting Gambling Transactions
Make a purchase using your Apple Card at the Apple Store or the Apple App store and get 3% cashback on the purchase amount. The same applies to in-app purchases. If you make a purchase using Apple Pay, you’ll get 2% cashback and you’ll get 1% cashback for all other purchases made with your Apple Card.
However, if you want to gamble online, you’re out of luck. Looking at the customer agreement for the Apple Card, there are several restrictions that stand out. The most important for online gamblers is that you cannot make any form of gambling purchases.
This includes making deposits at online casinos, buying online lottery tickets, betting on horse racing online, or playing online poker. You’re even restricted from purchasing physical gambling products, such as scratch tickets or purchasing chips at a brick and mortar casino.
Cryptocurrency and Other “Cash-Like” Transactions Also Blocked
The new Apple Card is also blocking other forms of transactions that they call cash-like transactions, including the purchase of cryptocurrency using your card. You’re also banned from using your card to purchase traveler’s checks, money orders, and foreign currency. Amazingly, you can’t even use your card to make a cash advance at your local bank.
In other words, you can only use your card to buy things that Apple and Goldman Sachs have approved. While this is great for those making general purchases like shoes, it is very restrictive for many other activities.
Don’t Jailbreak Your Phone If You Want to Access Your Account
Some folks like to disable certain hardware and software controls on their phone to allow for greater access to features or easier portability of their phone. This is commonly known as jailbreaking your phone. However, if you plan to use an Apple Card, you will have problems accessing your account.
According to the member agreement, if you jailbreak your phone, you will be unable to access your account online and you can only pay your bill via phone or by mail. In addition, you risk having Apple close your account because you do not have an authorized device to access your account online.
Again, you will only be able to use the Apple Card to purchase items that are approved by Apple, through the use of a device that must be monitored by Apple. If you don’t like Big Brother watching you, then this isn’t going to be the card for you.
Find Alternative Methods for Online Gambling – Or Just Skip Using the Apple Card
If you plan to gamble at an online casino or do anything that is on Apple’s restricted list, then you need to have a different credit card for those purposes. There are many people that already use a prepaid credit card to make online casino deposits or purchase cryptocurrency. Others seek alternative deposit methods for online gambling.
Another alternative would be to skip getting the Apple Card. Their restrictions make this card only usable for general online purchasing activity, which is great if you don’t mind being saddled with restrictions. However, with an interest rate of over 13% and a laundry list of restrictions, this is probably a card you should skip.