Apple Card customer agreement says no to cryptocurrencies and jailbreaking

id="article-body" class="row" section="article-body"> Apple Card is on the way.<br> <br> <br> <br> Screenshot by Katie Conner/CBS Interactive Like US banking giants and credit-card issuers Citigroup and JPMorgan Chase & Co. before it, Apple won't let people use its card to buy cryptocurrencies.<br> <br> <br> <br> Now playing: Watch this: Apple Card FAQ: What you need to know 4:02 "You may not use or permit your account to be used for ... cash advances or cash equivalents," reads the Apple Card Customer Agreement posted Friday on the website of Goldman Sachs Group, Apple's partner in the Apple Card venture. The agreement says cash equivalents include things like travelers checks, money orders, lottery tickets, casino gaming chips and cryptocurrency.<br> <br> <br> <br> Reuters notes that Citigroup and JPMorgan Chase nixed such purchases because they were worried volatile prices for cryptocurrencies like Bitcoin could leave consumers with debt they couldn't repay.<br> <br> <br> <br> More on Apple Card<br> <br> <br> <br> Apple Card: After mocking credit cards, Apple creates one<br> <br> <br> <br> The new Apple Card won't let you switch from iPhone to Android, probably ever<br> <br> <br> <br> Apple Card's underwhelming features won't spark Google, Samsung copycats<br> <br> <br> <br> Apple Card, Apple TV Plus, Apple Arcade: It's just another way to say iPhone<br> <br> 9to5Mac points out another detail from the agreement: Apple Card holders can't use their accounts in connection with an iPhone that's been hacked or modified through jailbreaking.<br> <br> <br> <br> "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," the agreement says.<br> <br> <br> <br> Apple will begin offering the Apple Card - http://www.nuwireinvestor.com/results.aspx?searchwords=Apple%20Card to users this month, CEO Tim Cook said during the company's fiscal third-quarter earnings call Tuesday.<br> <br> <br> <br> First announced during Apple's March software - https://twitter.com/search?q=software&src=typd and services event, Apple Card will be Apple's entrance into the payments arena. The iPhone maker has teamed with Goldman Sachs and Mastercard for the card, which will be available as a digital card in the Wallet app for use with Apple Pay. A physical titanium card will also be available for use in places that don't yet accept mobile payments.<br> <br> <br> <br> Apple<br> <br> reading • Apple Card customer agreement says no to cryptocurrencies and jailbreaking <br> <br> Aug 12 • Apple Card vs. Amazon Prime Rewards Visa: Which credit card is best for you in 2019? <br> <br> Aug 12 • Best laptops, desktops and tablets for designers and creatives in 2019 <br> <br> Aug 12 • Note 10 vs. the rumored iPhone 11 <br> <br> Aug 12 • iPhone 11, 11R and http://dalnabi.com/QnA/398920 - http://dalnabi.com/QnA/398920 11 Max: The specs, features and prices we expect from Apple in September <br> <br> • See All <br> <br> Share your voice<br> <br> Comments Tags<br> <br> Mobile Apple Pay Bitcoin Apple Cryptocurrency