At a Glance
- No annual fee
- Can pay off eligible Apple purchases in monthly installments with no interest
- Earn 3% cash back on Apple purchases and select merchants, 2% cash back when paying via Apple Pay and 1% cash back on all other purchases
- No foreign transaction fees
- Access to your cash earnings every day
- View your purchases by color-coded spending categories or geographic location
- Visual “spending wheel” to help incentivize paying down a balance
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. ...
What are the benefits of the Apple credit card?
Who should get the Apple Card?
- Apple aficionados.
- Cardholders who spend heavily on Apple and Uber purchases.
- Cardholders who frequently shop at Walgreens.
- Cardholders who regularly visit T-Mobile stores.
- Cardholders who make frequent purchases from Nike stores, Nike.com, SNKRS, Nike Training Club, Nike Running Club and on the Nike app.
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.
What cards are eligible for Apple Pay?
- Apple Pay
- Most credit and debit cards
- Mobile phone billing (through supported carriers)
- Apple ID balance (from gift cards or adding funds)
- MIR
What are the benefits of having an Apple credit card?
A simpler, smarter credit card.Get 2% Daily Cash back every time you pay with your iPhone or Apple Watch.See each purchase go through right away. ... View item-by-item receipts from your Apple services.Your Daily Cash lives in the Wallet app. ... Take the guesswork out of interest payments.Payment reminders.More items...
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
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.
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 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.
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 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.
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.
Can I use my Apple Card anywhere?
You can request a titanium Apple Card and use it to pay anywhere in the world that Mastercard is accepted.
What bank is Apple Card?
The Apple Cash card is issued by Green Dot Bank, Member FDIC. See apple.com/apple-pay for more information. Daily Cash is earned on purchases after the transaction posts to your account.
Is Apple Card a Visa or Mastercard?
MastercardYou shop primarily at stores that don't accept Apple Pay And while Costco does, you can only use Visa cards there; the Apple Card runs on the Mastercard payment network.
What was the first credit card Goldman Sachs issued?
To create Apple Card , we needed an issuing bank and a global payment network. Apple Card is the first consumer credit card Goldman Sachs has issued, and they were open to doing things in a new way. And the strength of the Mastercard network means Apple Card is accepted all over the world. Close.
What is Apple Card Family?
Apple Card Family brings all the great features and benefits of Apple Card to your entire family — whether that’s your immediate family, extended family, or whoever you call family. 8 It allows two partners to merge credit lines 9 to form a single co-owned account 10, manage that account together, and build credit as equals. 11 Participants 12 18 and older can choose to start building their own credit history, 13 and teens can learn better spending habits. And, family members receive Daily Cash back on their own purchases. 14
What is Apple Card?
Apple Card is the first consumer credit card Goldman Sachs has issued, and they were open to doing things in a new way. And the strength of the Mastercard network means Apple Card is accepted all over the world. Close.
Does Apple Cash expire?
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.
What is 2% cash back?
The 2% cash back on most purchases matches many of the highest flat-rate cash-back cards on the market. But it comes with a big asterisk, because you must use Apple Pay to get elevated rates. The physical card earns just 1% back on purchases, and that's just not competitive when the industry standard is at least 1.5%.
How long does it take to get a credit card on an iPhone?
No need to wait seven to 10 business days to get a card in the mail.
What is Siri's spirit guide?
1. Apple juice runs through your veins. Siri is your spirit guide. Every device in your home, car and office comes from the Apple store (which, coincidentally, is where you hang out on weekends). Getting 3% cash back on your numerous Apple purchases would be a big boon, and for all other purchases, you're already well accustomed to waving your ...
Why should every purchase be on a credit card?
by Virginia C. McGuire, Paul Soucy. Credit cards are convenient and secure, they help build credit, they make budgeting easier, and they earn rewards. And no, you don't have to go into debt, and you don't have to pay interest. Explore Credit Cards.
Does Apple offer travel rewards?
The Apple Card doesn't offer that. A travel rewards card can, though. The $0-annual-fee Bank of America® Travel Rewards credit card, for example, earns 1.5 points per dollar on all purchases, not to mention a plum of a sign-up bonus.
Does Apple have a foreign transaction fee?
It's also worth noting that the Apple Card has no foreign transaction fees, and Mastercards are widely accepted around the world, so in general it will make a decent travel buddy. 4. You're occasionally forgetful. Apple says you won't be charged a penalty rate or a late fee should you miss a payment.
Does Apple charge late fees?
Apple says you won't be charged a penalty rate or a late fee should you miss a payment. The company does, however, note that "late or missed payments will result in additional interest accumulating toward the customer’s balance." Regardless, NerdWallet recommends making payments in full and on time because late payments can still hurt your credit scores.
How to apply for Apple Card?
Application Process. You can apply for Apple Card straight from the Wallet app, or from the Apple Card webpage if you'd prefer . If you're applying from the Wallet app, hit the Add button, select Apple Card, and then tap Continue to start the application. Image Gallery (4 Images)
How much cashback does Apple Pay give?
Purchases through Apple Pay get two percent cashback, while purchases from Apple earn three percent cashback. Apple purchases include everything from in-store products to Apple subscriptions and in-app purchases from the App Store. Finally, all physical card purchases get one percent cashback.
What is an Apple card?
What Is Apple Card? Apple Card is Apple's own credit card. Launched in August 2019, this credit card is the first of its kind: run by a tech company. It's worth noting straight away that Apple Card is only available in the US .
How long does it take for Apple to approve a credit check?
The credit check gets carried out by TransUnion, in case you're wondering. It only takes about a minute. If you're approved, you'll see the offer with your credit limit and APR rate. You've got 30 days to accept the offer.
How old do you have to be to get a credit card?
As per usual when applying for a credit card, you must be at least 18 years old and have a US driver's license or state ID to apply. You also need a US residential address. Uniquely for Apple Card, applicants need to have an iPhone 6 or newer running at least iOS 12.4.
What is Apple ecosystem?
The Apple ecosystem is a term for how all of Apple's devices and services synchronize and interact with one another fluidly. An example would be using your AirPods to listen to Apple Music on your iPhone.
Why does Apple pay less interest?
While Apple does say that it encourages you to pay less interest on the card, the company still earns money from your interest. At the end of the day, Apple is a business, and this is just another revenue stream.
Pros
Credit card applications can be a hassle to complete, but this is not the case for the Apple Card. Signing up is particularly easy for aspiring cardholders already equipped with the iPhone or another Apple device; simply use the Wallet app, and you could be approved swiftly.
Cons
Currently, the Apple Card is only available to United States residents. This means that a lot of interested consumers are locked out of using it for the time being.
Common FAQs
While the pros and cons outlined above should provide excellent insight into how the Apple Card might fit into your lifestyle, you may still have questions about whether you're eligible and how you can make the most of this card. We provide much-needed answers below:
Final Thoughts
The Apple Card certainly isn't right for everyone, but it offers several compelling benefits that could make it a great option for anyone who is already tied into the Apple ecosystem.
Does Chase Freedom Flex have loyalty?
The Chase Freedom Flex card has a generous rewards structure with no loyalty to Apple required. For an annual fee of $0, the card earns 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate, 5% cash back on travel booked through Chase, 3% back on drugstore purchases and dining in restaurants including takeout and delivery and 1% on all other purchases.
Does Apple Card have fees?
And it really is cash. So you can spend it however you want, right from your iPhone. Apple Card doesn’t have any fees. No annual, cash‑advance, over-the-limit, or late fees. No fees. Really. The first credit card that actually encourages you to pay less interest.
Does Chase give cash back on Apple cards?
Chase has been known to include retailers like Amazon, Target and Walmart as quarterly bonus categories and if you’ve been eyeing a new Apple device, you’d fare better with 5% cash back than the Apple Card’s 3%.
Who is Robin Saks?
Robin Saks Frankel is a credit cards and personal finance writer for Forbes Advisor. Previously, she covered credit cards and related content at other national web publications including NerdWallet, Bankrate and HerMoney. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, and has appeared on or contributed to Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. Follow her on Twitter at @robinsaks.
What is an Apple card?
The Apple Card is a rewarding option for people with good credit or better who regularly buy Apple products and services, as well as for iPhone, Mac and iWatch users who are comfortable making purchases using Apple Pay. Having the new Apple Credit Card from Goldman Sachs in your wallet doesn’t have to cost you a thing, ...
How long does Apple credit card introductory rate last?
Financing Options. The Apple Card offers an introductory rate of 0% for 6 to 24 months on select Apple product purchases. But many credit cards for people with good credit or better offer 0% introductory APRs on all new purchases.
What is the 3% back on Apple Card?
That’s $60 on a $2,000 MacBook Pro, for example. The Apple Card’s 3% rewards rate also extends to purchases made with a select group of brands that have partnered with Apple. They include Uber, UberEATS, T-Mobile, Nike, Duane Reade and Walgreens.
What credit cards give 5% back?
They include Uber, UberEATS, T-Mobile, Nike, Duane Reade and Walgreens. To help put the Apple Card ’s rewards rates in perspective, the average cash rewards credit card gives a bit more than 1% back on all purchases. However, some cards offer 5% back or even more in certain spending categories.
How much does it save to not pay annual fee?
But still, not having to pay an annual fee itself will save you nearly $20 per year, compared to the average credit card offer. Plus, without an annual fee to worry about, you won’t feel pressured into spending more than you ordinarily would or closing your account earlier than you’d like.
Is Apple Rewards Card the only credit card?
The Apple Card isn’t the only credit card that can help you save on Apple products. With that in mind, we’ll show you how the Apple Rewards Card compares to some of its stiffest competition in terms of both rewards and financing capabilities. You can find the results in the following table. Info. Apple Card.
Is Apple a good credit card?
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.
How much cash back do AirPods get?
AirPods are among the products that earn 3% cash back when using the Apple Card. (Photo by Getty Images) You’ll earn 3% Daily Cash on Apple purchases (including tech products, App Store purchases and other services such as Apple Music and Apple TV+) and a smattering of specific merchant purchases: Uber. Uber Eats.
When did Apple start offering rewards?
When Apple first announced its rewards credit card in August 2019, a lot of people were excited about the prospect. Apple has dominated the tech space for a long time with consumer favorites including the iPhone, iPad (and more recently the iPad Pro), Apple Watch, AirPods and more.
Does Apple Card give you cash?
The Apple Card earns Daily Cash, which is available to use through the Wallet app on purchases, as a statement credit to pay off your bill or through Messages to pay back friends and family. Your Daily Cash balance is easy to see in the Wallet app.
Is there a physical Apple card?
While there is a physical card, one of the strongest features of the Apple Card is how easy it is to use through your Apple Wallet. If you prefer Google or Samsung phones over Apple products, you’ll have little use for the Apple Card. Digging into the actual card offer, it’s definitely a card geared toward beginners.
Who is Madison Blancaflor?
Welcome to The Points Guy! Madison Blancaflor is a travel editor for TPG covering theme parks and general travel news and features. She previously covered credit cards as one of TPG's experts, and her work also appears on Bankrate and CreditCards.com.
Does Citi have a welcome bonus?
Very few rewards cards offer no sign-up bonus. In fact, the only top cash-back credit card I can think of that doesn’t offer a welcome bonus of any kind is the Citi® Double Cash Card. The card doesn’t charge an annual fee, and Apple takes an anti-fee stance in general with no late fees or over-the-limit fees.
Is there a no annual fee credit card?
Competition is fierce in the rewards credit cards space. There are a number of no-annual-fee credit cards available from a large range of issuers and for just about every audience out there.
