Apple and Goldman Sachs collaborated to make the Apple Card, in 2019. A simple credit card that works well with Apple Pay and the Wallet app on iOS devices. You might be interested in getting an Apple Credit Card and wondering if it’s a good fit for you. In this comprehensive review, we will talk about the Apple Credit Card rewards structure, its pros and cons, and its associated fees. We will also explain if the Apple Credit Card is worth it. So that you may able to decide is it right for you or you should go for another option.
By the end, you’ll find out a Redditor’s opinion Is Apple Credit Card Good? And a frequently asked question section to answer all the questions arising in your mind regarding the card.
Let’s dive in!
Apple Credit Card Detail
Below is the detail of the Apple credit card:
Related: When Does Apple Card Report to Credit Bureaus
Rewards Structure
- Earn 3% cash back on Apple products and some other stores (when using Apple Pay).
- Receive 2% cash back on most other purchases (when using Apple Pay).
- Only 1% cash back if you use the physical card.
Is Apple Credit Card Worth It?
Pros:
- No annual fees, late fees, or any other hidden charges.
- Easy to manage your account and make payments through your iPhone Wallet app.
- Interest charges are displayed clearly so you can plan to pay less interest.
- 0% interest financing on some Apple purchases.
- Enhanced security features.
Cons:
- Lower rewards rate (compared to some other cards) if you don’t use Apple Pay.
- Not as beneficial if you don’t shop at Apple or use Apple Pay often.
- No signup bonus or 0% APR offer.
- You just need to have a physical card.
Overall, The Apple Credit Card is a solid choice for frequent Apple users who heavily rely on Apple Pay. With no annual fees and the potential for 3% cash back on Apple products, it can be a rewarding way to pay for those purchases.
Additionally, the daily cashback and transparent interest charges make managing your finances easier. However, if you’re not an Apple devotee or don’t use Apple Pay often there are better options out there with higher rewards rates and additional benefits like travel insurance. Remember, responsible credit card use means paying your balance in full each month to avoid interest charges that can outweigh any rewards earned.
Who is the Card For?
This credit card is great if you love Apple and use your iPhone or Apple Watch to pay with Apple Pay a lot. You’ll also get a bonus on your Apple subscriptions and new Apple gadgets. But if you don’t use Apple stuff much, other cards might give you more cash back. Just remember, paying interest charges usually wipes out any rewards you earn, so try to pay your balance in full each month. By the way, Goldman Sachs manages the card, and checking if you’re approved won’t hurt your credit score.
Additional Hidden Perks
- Forget about fees! With Apple Card, there’s no annual fee, no late payment penalty, no foreign transaction fee, and nothing else. You only pay interest if you don’t pay your balance in full each month.
- Plus, score big on Apple products! Buy a new iPhone, Mac, or other cool Apple stuff directly from Apple, and you might qualify to split the cost into monthly payments with no interest charged. On top of that, you still get 3% cash back! No extra applications are needed, just choose Apple Card Monthly Installments at checkout.
- And the best part? You get your cash back every day! You can use it to pay down your Apple Card balance, transfer it to your bank account, or add it to your Apple Cash card to spend anywhere Apple Pay is accepted.
What Should be Improved?
This card is pretty good because it has low fees. But there are a few downsides. You only get 1% cash back on most purchases, which isn’t as much as other cards offer. Plus you can only earn 2% cash back if you use Apple Pay with an iPhone or Apple Watch. This card also doesn’t protect your purchases or offer travel insurance, which some people might want.
Use of Apple Credit Card in Daily Life
- Easy Application Process: Just open the Wallet app on your iPhone or iPad and tap “Add Apple Card.” Filling out the application takes just a few minutes. Checking your credit score for an offer won’t hurt it.
- Paying Your Bill: The easiest way to pay is through the Wallet app, but you can also use the Apple Card website or call Apple support if needed. You can pay from your bank account or Apple Cash balance.
- Earning Cash Back: You get 3% back on Apple purchases and at some stores, 2% back when you use Apple Pay everywhere else, and 1% back on other purchases. Later, you can use it to lower your bill, add to your Apple Cash, or transfer it to your bank account.
- Checking your account: See your balance, due date, and other details online at card.apple.com or in the Wallet app.
- Helpline: Need help with your Apple Card? Call the number on the back of your card (877-255-5923).
How Does the Apple Card Stack up with Popular Credit Cards
Let’s compare the Apple Card to some other popular credit card options:
1. Apple Card vs Chase Freedom Flex
Apple Card: It provides 3% cashback on daily Apple purchases and 2% on purchases made through Apple Pay. You also receive 1% on other purchases (only via physical card).
Chase Freedom Flex: Earn 5% cash back on up to $1,500 you spend each quarter in special categories that change every 3 months (you need to turn it on to get this bonus). You also get 5% cash back on travel you book through Chase and 3% cash back when you eat out or buy things at drugstores. Additionally, you earn 1% cash back on everything else you buy.
Winner: The Chase Freedom Flex has higher reward rates than the Apple Credit Card on purchases.
2. Apple Card vs Citi Double Cash
Apple Card: 3% cash back on Apple purchases, 2% on Apple Pay, 1% on other purchases
Citi Double Cash: 2% cash back on all spending (1% when you buy, 1% when you pay)
Winner: The Citi Double Cash has a higher flat 2% rewards rate, but the Apple Card has better rates for Apple and Apple Pay purchases.
3. Apple Card vs American Express Blue Cash Preferred
Apple Card: You earn 3% cash back on Apple purchases, 2% on Apple Pay, 1% on other purchases
Amex Blue Cash Preferred: It offers a 6% back at grocery stores, 3% at gas stations, and select departmental stores. Further, it gives 1% on all other purchases.
Winner: The Amex Blue Cash Preferred has better reward rates for common everyday spending like groceries and gas, while the Apple Card is better for Apple ecosystem purchases.
The key factors to consider are your spending habits and whether you value the seamless integration with Apple’s ecosystem or prefer the flexibility of a more general cash-back card. The Apple Card can be a great choice for heavy Apple users, but cards like the Chase Freedom Flex and Citi Double Cash may be better for those with more broad spending patterns.
Is Apple Credit Card Good – Reddit?
Someone wrote on Reddit, r/CreditCards, Should I get the Apple credit card?
Positive Reviews
Many Redditors gave their opinion about what they thought about an Apple credit card. Some good things were stated, such as how well the card works with Apple products and services. The Reddit user also said that the Daily Cash rewards program was helpful.
Source: Reddit.com
Here’s another positive comment for the support of the card:
Source: Reddit.com
Negative User Reviews
But the Reddit user also pointed out some possible problems. They were worried that the card wouldn’t work with many things outside of Apple because it’s only sold by Apple. The person on Reddit also wanted to know how the credit limit related to regular credit cards.
Source: Reddit
The Reddit user seemed to have a range of feelings about it. They liked that the card had features that were specific to Apple products, but they weren’t sure how useful and high the credit limit would be compared to other choices.
Around the web, people have talked about the Apple Credit Card. This Reddit user gave the card a fair review because they talked about both its pros and cons. Before getting an Apple credit card or any other credit card, people should think about what they want and what their choices are. This is also true before getting any other financial product.
Conclusion
In conclusion, the Apple Credit Card offers a range of attractive features, such as its seamless integration with Apple Pay and the Daily Cash rewards system. However, it may not be the ideal choice for everyone, as it lacks expected benefits like sign-up bonuses and rewards categories. Ultimately, the decision to order this card depends on your spending habits, preferences, and the value they place on its unique features.
Also, before making a final decision, it’s recommended to thoroughly evaluate your spending habits, research other card options, and consider the long-term benefits and drawbacks of the Apple Card.
