Apple Card Family is geared toward couples and families. You can now co-own an Apple Card with another adult, and you can give children or others access to it for spending. You can see and monitor everyone’s transactions in one place. It was released along with iOS 14.6 in May 2021.
The feature lets two people co-own one Apple Card and grant access to that card to others in the family-sharing group. So, a family with two parents and three kids could have the two parents as co-owners who allow the kids access to their card for payments.
Goldman Sachs is partnering with Apple on the feature and makes all decisions regarding eligibility and credit as the issuing bank for Apple Card. That means that it will be the company that decides whether you get a requested credit limit increase.