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iOS 14.5 includes support for “Apple Card Family”; family spending, individual daily limits

iOS 14.5 Developer Beta 1 is out today it comes with a slew of new features including Apple Fitness+ with AirPlay, Face ID with masks, and more. In addition to these new features, 9to5Mac discovered code inside iOS 14.5 that references an “Apple Card Family” feature.

The new card, which is internally codenamed “Madison”, will allow users to share their Apple Card with their family using iCloud Family Sharing. iCloud Family Sharing supports up to six separate Apple IDs, which means that up to six people could have access to “Apple Card Family”.

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According to the code found my 9to5Mac, Apple Card users will be able to invite other family members aged 13 or over to their Apple Card. This will allow the Apple Card user to track every members spending in the Wallet app on iPhone.

Daily Cash will also be available for individual family members. The main Apple Card user will be able to set a spending limit for each user. The following text was found within iOS 14.5:

Share your Apple Card with eligible friends and family in your family group. Build credit together, track spending, and receive Daily Cash.

For users under 18, there will be special options available to parents to control their children’s spending.

Apple Card is currently only available in the United States and in March, it will have been two years since the announcement of Apple Card. There have been numerous reports suggesting that Apple will be holding releasing several new products this March, including a new iPad Pro with an A14X chip, new Macs, and more. Could Apple Card Family potentially be included among these announcements?

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