what are benefits of apple card

• The app. One of the main benefits of the Apple Card is how easy it is to manage and view your transactions. ...
• Daily Cash rewards versus the competition. When you make purchases using the Apple Card, your Daily Cash rewards are added to another virtual card in the iPhone's Wallet app, called ...
• Using it. If you've ever used Apple Pay with a different credit card, using the Apple Card will feel very familiar.
• Security. One way Apple hopes to keep your credit card safe is by issuing you three different credit card numbers: one for each way you can use the Apple Card.
• The physical card. Apple's titanium credit card drew attention when the card was announced in March, and for good reason.

What is Apple Card and what does it offer?

What rewards do you get with Apple Card?

• Apple Pay purchases get 2 per cent cashback.
• Apple Store, App Store, and Apple Services purchases get 3 per cent cashback.
• Physical Apple Card purchases get 1 per cent cashback.

How to get the most from Your Apple Card Benefits?

• Applying for the Apple Card. Applying for an Apple Card is almost as simple as adding a new card to your Wallet in Apple Pay. ...
• The app. One of the main benefits of the Apple Card is how easy it is to manage and view your transactions. ...
• Daily Cash rewards versus the competition. ...
• Using it. ...
• Security. ...
• The physical card. ...

Is the Apple Card worth getting?

The Apple Card is not the best everyday credit card for the average person, either. As popular as the Apple brand is, having rewards so dependent on Apple-centric spending means the population it would work well for is a lot more limited than it would be for a Visa or Mastercard with above-average rewards on all purchases, for example.

Does the Apple Card cost money?

But if you're considering getting one yourself, you might be wondering, "Does the Apple Card cost money?" The simple answer is no, if you're asking about annual fees.

What is the advantage of the Apple Card?

When you buy something using Apple Card, you get a percentage of your purchase back in Daily Cash. It's real cash, so unlike rewards, it never expires or loses its value. Your cash is deposited right onto your Apple Cash card in the Wallet app — not a month from now, but every day.

Is Apple Card really worth it?

ValuePenguin's verdict: Great card for those who buy Apple products and those paying down debt. For those who buy a lot of Apple products and regularly use Apple Pay, the Apple Credit Card is a no-brainer. The 3% cash back on Apple products and the 2% cash back on transactions made using Apple Pay can add up.

What are the pros and cons of the Apple Card?

Apple Card Pros & ConsProsConsStrong security features No fees Physical credit card available Various spending management featuresMust use Apple Pay for the best rewards earnings1 more row•Jun 9, 2022

Does Apple Card build credit?

The card rewards Apple purchases as well as in-person and online shopping through Apple Pay. It also helps consumers pay off their balances, save money on fees and interest and build their credit over time.

Does the Apple Card hurt your credit?

Your credit score won't be impacted if you're declined, or don't accept your offer. Your credit score might be impacted if your application is approved and you accept your offer. You can apply for Apple Card again, but you might receive the same decision.

Does Apple Card have annual fee?

Rates and fees The Apple Card has no fees whatsoever. There are no annual fees, foreign transaction fees or late payment fees. The current variable APR is 11.24% to 22.24% based on your creditworthiness, which is pretty similar to other cards.

What are the disadvantage of Apple Card?

Here are 10 drawbacks to owning The Apple Card.You're tied to your iPhone. One of the main downfalls of the Apple Card is that it limits you in many ways to Apple. ... The Card doesn't actually do much. ... Limited Purchasing Options. ... Cash Back Rewards. ... Variable Interest Rate. ... Lack of Perks. ... Read the Fine Print. ... No Travel Rewards.More items...

What is the highest credit limit on Apple Card?

The limits are determined by the cardholder's credit score, credit age, and income at the time of application. Cardholders have reported credit limits as low as $50 and as high as $15,000. An Apple Card may be shared using Apple Card Family.

What happens if I don't use my Apple Card?

Late or missed payments will result in additional interest accumulating toward your balance. In other words, Apple isn't giving you money for nothing.

What score is needed for Apple Card?

700+The Apple Card's credit score requirement is 700+. This means that you need at least good to get this card. While it's possible to be approved with a lower score due to a high income or other positive factors, it's best to not take the risk.

Does Apple Card Raise Limit?

To request an Apple Card credit limit increase, you can chat with an Apple Card Specialist at Goldman Sachs.

How do I pay off my Apple Card?

Pay nowOpen the Wallet app on your iPhone and tap Apple Card.Tap to pay.Hold and slide the payment wheel to choose a payment amount.Tap Pay Now to instantly make your payment, then follow the instructions on your screen.