Earl Gibson

Web Developer

Freelance Artist

Tech Enthusiast

Earl Gibson

Web Developer

Freelance Artist

Tech Enthusiast

Blog Post

Is the Apple Card Worth It?

April 1, 2023 Business, Tech
Is the Apple Card Worth It?

Apple Card is a credit card that was launched by Apple in 2019. It is a co-branded credit card with Goldman Sachs, and it is designed to be a simple and user-friendly credit card. Apple Card offers a number of benefits, including:

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  • 3% Daily Cash back on Apple purchases. You can earn 3% Daily Cash back on all purchases made at Apple, including products, services, and apps.
  • 2% Daily Cash back on all Apple Pay purchases. You can earn 2% Daily Cash back on all purchases made with Apple Pay, anywhere Apple Pay is accepted.
  • 1% Daily Cash back on all other purchases. You can earn 1% Daily Cash back on all purchases made with your physical Apple Card.
  • No annual fee. Apple Card does not charge an annual fee.
  • Interest-free financing on Apple purchases. You can choose to pay for your Apple purchases over time with interest-free financing.
  • No late fees. Apple Card does not charge late fees.
  • No foreign transaction fees. Apple Card does not charge foreign transaction fees.
  • Transparency and control. You can see your spending and Daily Cash balance in real time in the Wallet app. You can also set spending limits and alerts to help you stay on track.
  • Security and fraud protection. Apple Card offers a number of security and fraud protection features, including fraud alerts, purchase protection, and an extended warranty.

How to Apply for Apple Card

You can apply for Apple Card in the Wallet app on your iPhone or online. To apply, you will need to provide your name, date of birth, Social Security number, and address. You will also need to provide information about your income and employment.

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Once you have submitted your application, Apple will review it and decide whether to approve you for a card. If you are approved, you will be able to start using your card immediately.

How to Use Apple Card

You can use Apple Card to make purchases in stores, online, and in apps. You can also use Apple Card to withdraw cash from ATMs.

To make a purchase with Apple Card, simply tap your iPhone or Apple Watch on the contactless reader at the checkout counter. You can also use Apple Pay to make purchases online or in apps.

To withdraw cash from an ATM, use your physical Apple Card and enter your PIN.

How to Track Your Spending with Apple Card

You can track your spending with Apple Card in the Wallet app. The Wallet app shows you your recent purchases, your current balance, and your Daily Cash balance. You can also use the Wallet app to set spending limits and alerts.

How to Pay Your Apple Card Bill

You can pay your Apple Card bill online, in the Wallet app, or by mail. To pay your bill online, visit the Apple Card website. To pay your bill in the Wallet app, open the Wallet app and tap Apple Card. Then, tap Pay Bill. To pay your bill by mail, send your payment to Apple Card, PO Box 9000, San Francisco, CA 94109.

Drawbacks

The Apple Card is a great credit card for many people, but it does have some drawbacks. Here are a few things to keep in mind if you’re considering applying for the card:

  • No Cash Advance. Apple Card does not offer cash advances because they are considered to be a risky type of loan. The company wants to encourage cardholders to use their cards for purchases, rather than for borrowing money.
  • No introductory APR offer. The Apple Card does not offer a 0% introductory APR on purchases or balance transfers, which is a common feature on many other credit cards. This means that you’ll start accruing interest on your purchases immediately, unless you pay your balance in full each month.
  • Low cash back rate on purchases made outside of Apple or Apple Pay. You’ll only earn 1% cash back on purchases made with the physical Apple Card. To earn 2% cash back, you’ll need to use Apple Pay. This means that if you make a lot of purchases at stores that don’t accept Apple Pay, you’ll be missing out on some potential rewards.
  • No annual fee, but there are other fees to be aware of. The Apple Card does not have an annual fee, but there are other fees to be aware of, such as a late payment fee of up to $39.
  • The card is not available to everyone. To be eligible for the Apple Card, you’ll need to have good or excellent credit. If you have bad credit, you may not be approved for the card.

Overall, the Apple Card is a great credit card for people who are already invested in the Apple ecosystem. However, it’s important to be aware of the drawbacks before you apply for the card.

Conclusion

Apple Card is a great credit card for people who want a simple, user-friendly card with great rewards. It offers 3% Daily Cash back on Apple purchases, 2% Daily Cash back on Apple Pay purchases, and 1% Daily Cash back on all other purchases. Apple Card also has no annual fee, no late fees, and no foreign transaction fees. If you are looking for a great credit card, Apple Card is a great option.

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