Every Dollar is a popular new budgeting app. It was recently released by Dave Ramsey’s company and is designed to help everyday spenders regain control over their budget by categorizing and sorting their spending, account deposits, and other activities. Users can also elect to receive notifications and budgeting tips custom-tailored to their needs. Recently, I’ve had some questions from readers who are wondering how to add the new Apple credit card to their EveryDollar account.
To add your Apple Card to your EveryDollar account, you’ll need to download your bank statements as a CSV file and then upload the file to your EveryDollar account. Apple Card does not allow you to link your card directly to your EveryDollar account.
Although it may sound a bit arcane, it’s all part of their new cutting-edge security program.
In today’s article, I’m going to discuss some of the pros and cons of the new Apple Card in relation to budgeting and show you exactly how to use the Apple Card with EveryDollar.
The steps are pretty much identical for using the Apple Card with just about any other budgeting app, so the process can be easily replicated. Let’s jump in!
Adding Your New Apple Card To The EveryDollar Budgeting App
In late-August, 2019, Apple unveiled its revolutionary new credit card to the general public. It’s easily identifiable by its pure white design featuring no visible credit card numbers and a tiny gold chip. Part of what makes this card so different from traditional credit cards and even [Bitcoin credit cards] is the super-easy application process.
With the Apple Card, you don’t have to sign numerous forms, speak to an approval agent, or wait days for a response. You can apply directly through your iPhone by accessing your Apple Wallet (which the Apple Card is specifically catered to work with). Within minutes, you’ll receive approval or a notice of denial. You’ll be able to start spending money immediately with your Apple Wallet, so you don’t have to wait for your physical card to arrive in the mail. They also offer some nice cash-back rewards too.
For those of you who like to budget their monthly expenses (always a wise choice), you’ll be able to use EveryDollar to help budget your expenses and ensure that you’re never spending too much money on your card.
The Apple Card Isn’t Like Your Other Credit Cards
If you had a regular old-fashioned credit or debit card, adding them to EveryDollar would be fairly straightforward. Just enter your card number, name, and zip code into EveryDollar or log in to your credit/bank account through EveryDollar’s API. Then, the app will be able to categorize all of your spending and generate custom alerts to ensure that you don’t overspend your budget.
The only problem is that the Apple Card isn’t like other credit cards. When you first look at the card, you’ll realize that there’s no visible card number or anything that a potential scammer could record based on sight. This is all part of Apple’s updated security measures designed to prevent identity theft and fraud.
As part of those security measures, the Apple Card also does not allow users to link their cards directly to budgeting apps like EveryDollar. You also won’t be able to link your credit card to investing apps like Robinhood, Webull, or Coinbase.
Step One: Access Your Apple Card Statement
After lots of customer complaints about this particular security feature, though, Apple decided to change their policy to allow users to download their credit card statements in the form of a CSV file. These CSV files can then be uploaded to your EveryDollar account so that you can look at your monthly budget.
To access your Apple Card statement, you’ll either need to log in to your Apple account through Apple Card’s desktop site or open your Apple Wallet application on your phone. Once you’ve logged into your account, click the balance displayed by your card. This will display all of your recent transaction history.
Step Two: Download The CSV File
If you scroll down to the bottom of the page, you’ll be able to view previous statements from the past month. Then you can click ‘Export Transactions’ to share or download a copy of the statement.
Once you click the icon, you’ll be presented with two options to download the statement:
- Download PDF file.
- Download CSV file.
In this case, you’ll want to download the CSV file, since that is the file type compatible with budgeting applications. Once you hit ‘Download,’ the file with be saved to your device.
Step Three: Upload The File To Your EveryDollar Account
Now, using the same device, open your EveryDollar app or access your online account. From there, you’ll need to navigate to the area where you can upload new statements. Click ‘Upload CSV File,’ then find the statement you downloaded earlier and hit ‘Upload.’
Step Four: View Your Budget And Expenses
EveryDollar usually takes a few minutes to process all of the information and categorize all of the items on your statement. Once it’s completed the task, though, you’ll be able to view a full profile of your budget. Certain expenses may be listed as ‘uncategorized’ if they’re not in EveryDollar’s database. These items will have to be manually categorized.
Is There An Easier Way To Link Your Apple Card To EveryDollar?
Unfortunately, at this time, there are no easier ways to link your Apple Card to your budgeting app. This has been one of the major complaints about the card. You would think that, perhaps, the Apple Wallet would have its own budgeting features, but there are none. While downloading/uploading the CSV file does work, it only shows your budget for the previous month, not your current spending.
If you’re set on creating a budget that you can view on a daily or weekly basis, then your best bet is to create a manual budget by either handwriting one or entering the data into an Excel spreadsheet. While this is definitely complicated, it’s your only option for now.