New Apple Credit Card to Ban Gambling Transactions

Reports have surfaced that the new Apple Card will have restrictions on use for gambling and also for use with cryptocurrency transactions. Also, the new card will not work on altered or “jailbroken” devices.

A posting at the website of investment bank Goldman Sachs shows that the new Apple Card User Agreement states that the card can’t be used for gambling or transactions involving cryptocurrencies.

The new user agreement also states that “disabling hardware or software controls” via jailbreaking will render your device “no longer… eligible to access or manage your account.”

Additionally, users will not be allowed to use their accounts for cash advances, which the agreement describes as “any cash advance and other cash-like transaction, including purchases of cash equivalents such as travelers checks, foreign currency, or cryptocurrency.”

This also includes “money orders; peer to peer transfers, wire transfers or similar cash-like transactions; lottery tickets, casino gaming chips (whether physical or digital), or race track wagers or similar betting transactions.”