Apple Credit Card Review

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Apple Credit Card Review

The Apple Card does not rank high on our list of the top credit cards for cash back rewards. If you go through our list of the best credit cards that provide cash back, you might perhaps discover better options.

Full Review of Apple Credit Card

Pros

  • Offers competitive-to-high cash rewards rate

  • Has no fees

  • Easily integrates with Apple Pay

  • Allows you to pay for Apple products over the course of many payments.

Cons

  • Rewards rate is low if you don’t use Apple Pay

  • Requires an iPhone for use

  • Requires Apple Cash to redeem rewards

Pros Explained

  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.

Cons Explained

  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.

This Card is Best For

  • efforts directed on maximizing cash back earnings across the board for all types of expenditures

    Cash Back Strategist* Resists or refuses an annual fee on principle or due to cost

    Annual Fee Averse* Affinity creates desire for rewards and perks with particular brand

    Brand Loyalist

Apple Card is largely geared at consumers of the iPhone who already choose Apple Pay as their preferred method of carrying and accessing digital wallet software. In terms of the potential for cash back, it is most beneficial for consumers who a) are Apple aficionados in general, from hardware to downloads, and b) make a significant number of transactions using their mobile device on a regular basis. It goes without saying that Apple makes it as easy as it possibly can for you to manage your account via the app, so you don’t have to go looking for paper statements or try to remember where you spent your money.

Aside from that, you could like this card more if you are interested in cash back incentives, there is no annual fee, and there are no fees for making overseas transactions.

Rewards Earning Details

A cardholder is eligible for Daily Cash bonuses whenever they make a purchase with their card. You have the chance to win rewards at one of these three distinct levels:

  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
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Every time you earn Daily Cash, it will be added to your Apple Cash Card that is stored in the Wallet app. You are not restricted in any way in the amount of Daily Cash that you may earn, nor in the locations from where you can get cash incentives. On the other hand, as you can see, you will get the most bang for your buck out of your points if you make purchases at Apple or use Apple Pay.

Rewards Redemption Details

After Daily Cash has been successfully transferred to your Apple Cash Card, you are free to use that money anyway you see fit. Take, for instance, the following examples:

  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.

Earning rewards is possible with the usage of any Apple product, including your iPhone, iPad, Apple Watch, and even your MacBook. To determine how much cash you have available for redemption, you need just launch the Wallet app and touch your Apple Cash Card. You may get an idea of how much Daily Cash you have accumulated just by taking a quick look at the screen.

Be aware, though, that if you don’t have the Apple Cash Card, the only way you may redeem cash rewards is to have them applied as a bill credit against the amount on your Apple Card.

How to Maximize Your Rewards

Spending wisely is essential to getting the most out of the benefits that come with using an Apple Card. Use the card to pay for any purchases you wish to make from Apple, including recurring subscription services, as the first step in the process. You will be eligible for the alluring 3% Daily Cash rewards rate if you do this.

After that, you will have the opportunity to keep earning 3% Daily Cash by using your card at the restricted list of partner stores that was shown earlier in the paragraph. If you spend $20 a day on things like gasoline from Exxon Mobile or items from Walgreens, for example, you might be able to save $219 over the course of a year.

If you want to maximize your profits, your last choice is to utilize Apple Pay with your credit card anywhere else you shop. This will earn you 2% cash back.

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However, you should steer clear of using this card in stores or on websites that do not allow Apple Pay if at all possible. If you shop often at a gourmet grocery store in your region that does not take mobile payments, you may find that a card that gives 2% or 3% back at supermarkets is a better option for you than one that only offers cash back at supermarkets.

Apple Credit Card’s Outstanding Benefits

  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.

Standard Benefits

  • Due date reminders
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.
  • If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.

Cardholder Experience

According to the results of the J.D. Power 2021 Credit Card Satisfaction Survey for Midsize Issuers, this card came in first place. In the study, the researchers placed an emphasis not only on the benefits and services offered by the card, but also on communication, credit card terms and conditions, involvement, significant moments, and incentives.

Cardholders may expect a streamlined and uncomplicated experience when it comes to making purchases and managing their accounts thanks to this card. Launching the Wallet app and using your finger to navigate the various screens is all that is required.

When you look at your purchases, you may sort them according to category or vendor to discover where the majority of your monthly budget goes. You may also produce straightforward expense reports on a weekly and monthly basis. Apple will send you automated payment reminders to ensure that you don’t miss your due date, which is always the last day of the month.

Security Features

Apple Card comes with a variety of safety features, one of which is the ability to identify fraudulent activity in real time. This card provides the same level of protection that Apple Pay does, including a one-of-a-kind device number that is kept in your Secure Element, access through Face ID or Touch ID, and transaction tokenization. The physical Apple Card, which you’ll need to pay at locations that don’t accept Apple Pay, does not have your card data or CVV number printed on it for further security. You’ll need to pay with this card when you go to locations that don’t accept Apple Pay. Using the Wallet app, you may simply put a freeze on your card in the event that you lose or misplace it.

Fees to Watch out For

“You will not benefit from paying fees. Because of this, we do not possess them “The Apple website makes a brag. There are no expenses associated with annual or late payments, nor are there any associated with foreign transactions. On the other hand, the interest on your existing debt will continue to accrue at the standard annual percentage rate (APR), which is a variable rate that may range anywhere from 13.24% to 24.24%.

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Our Verdict

The Apple Card is, without a doubt, still in its infancy at this point. Apple implemented a number of updates very shortly after the card was made available to the public and may do so in the years to come as well.

If you make frequent use of Apple Pay for purchases and like the idea of having a card that doesn’t charge you any fees and gives you chances to earn cash back, it makes the most sense for the time being to have an Apple Card. The highest percentage of return on your investment will be awarded to you if you make purchases from Apple or one of the limited few partner merchants that provide 3% cash back. The two percent cash back rewards rate that is offered on Apple Pay purchases is a fair rate; but, there are cards that may give bigger cash returns regardless of the mobile payment software that is used.

You will not be required to pay an annual fee, and the card may provide you with guidance on how to pay down balances in order to lower interest rates; both of these features have the potential to save you money.

However, if you want to rack up travel miles or points via activities like flying, staying at hotels, or renting vehicles, the Apple Card may not be the best option for you. It does not have any special connections with the companies that supply the travel industry (at least, not yet).Therefore, despite the fact that there are no costs associated with currency conversion or foreign transactions with Apple Card, you may be better off with another card if you often fly or travel internationally.

Acceptance of Apple Pay is likely to be the most major limitation associated with using this card. Even though it is the most widely used mobile payment platform and has a big and growing list of stores that are willing to take it, it is not yet accessible in every location. If that is the case, you are free to use the genuine Apple Card; however, you will only earn 1% back, which is rather standard for credit cards in this day and age.

If you have a backup cash back card, you won’t have to worry about missing out on opportunities to rack up the highest rewards.

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