The Apple Card can be a smart choice if you’re building or rebuilding your credit, because its benefits compare favorably to other credit cards for consumers with fair credit. The fact that it explains how much interest you’ll pay based on your payment amount also makes it useful if you’re new to credit cards.
Only worth it for Apple users : The card’s value comes from Apple Pay, which you can’t use without an Apple device. Sub-par rewards rate on non-Apple and non-Apple Pay purchases: The physical Apple Card may look cool, but there’s no reason to carry it with you if you’re open to having more than one credit card.
This review is not provided, commissioned or endorsed by any issuer. 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 i. Phone, Mac and i. Watch users who are comfortable making purchases using Apple Pay.
That makes the card worth using for more than just Apple-related spending. But if you don’t plan on using Apple Pay much, that alone could tip the scales in favor of other rewards credit card offers. The Apple Card has a $0 annual fee, a 0% foreign transaction fee, and zero other fees to worry about.
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 good is the Apple Card introductory rate?
The Apple Card offers an introductory rate of 0% for 6 – 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. In other words, don’t apply for the Apple Card unless you’re willing to spend big at Apple stores or partner brands.
What is Apple Card and how does it work?
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.
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 i. Phone, Mac and i. Watch users who are comfortable making purchases using Apple Pay.
How much do you get paid with an Apple Card?
Cardholders earn 3% Daily Cash on Apple purchases, 2% on purchases made with Apple Pay, and 1% on purchases made at merchants that don’t accept Apple Pay. (The physical card, like many cards going for a high-end look, is made of metal—in this case, titanium.).
Does the Apple Card have a credit card number?
The physical version of the Apple Card doesn’t have a credit card number – providing you a little extra security in case your card is stolen. The card also includes other Apple Pay security features, such as Face ID, Touch ID and unique transaction codes, making it a little more robust than your average credit card.