spending limit on apple card
How do you put a spending limit on a family member?
You may put spending limits on Participant accounts on your Apple Card Family Account. Here is a link to a support article with complete details. The spendings limits have a drawback though that I explain below.
Set spending limits and get notifications for Apple Card Family participants - Apple Support
How to set spending limits for Apple Card Family participants
- On your iPhone, open the Wallet app.
- Tap your Apple Card, then tap the more button
. - Tap the name of the participant that you want to set limits for.
- Tap Transaction Limit.
- Tap the amount that you want.
When a spending limit is set, the participant can't spend more than the specified transaction limit on an individual transaction. They can still spend up to the credit limit on the shared Apple Card account with multiple purchases, as long as each purchase is below the transaction limit. The account owner or co-owner can also lock a participant's spending or remove the participant from the shared Apple Card account.
So, in simple terms you could place a transaction limit of $50 per transaction. But that would not prevent a Participant from making ten $50 transactions.
The article linked to above also has a section on setting up notifications so you’ll be notified when a Participant completes a transaction.