Apple Card: Perfect for Apple fans, just okay for the rest.

January 2, 2024
1 min read

Apple Card is a credit card offered by Apple in partnership with Goldman Sachs. It has no annual fees, advanced security features, and offers daily cash back of up to 3% when purchasing from Apple or select merchants.

However, the benefits of the Apple Card may not be suitable for everyone. If you don’t use Apple products or regularly shop at retailers that don’t accept Apple Pay, you may not be able to maximize the card’s rewards. Additionally, the Apple Card does not offer welcome offers or travel rewards.

The unique features of the Apple Card include no annual fees, foreign transaction fees, or late fees. It also offers unlimited daily cash back, which can be automatically saved and earn interest in an Apple Cash account. The card also integrates with the iPhone and Apple devices, allowing for easy application and use.

To earn Apple Daily Cash, users can earn 3% cash back at Apple and select merchants, and 2% cash back with Apple Pay. All other purchases earn 1% cash back. Daily Cash can be redeemed into an Apple Savings account, used for purchases via Apple Pay, or sent to another Apple Cash user.

To apply for the Apple Card, users must have an iPhone and complete the application process, which takes only a few minutes. Once approved, users can start using the card immediately through their iPhone’s digital wallet. A physical card can be requested, but is not automatically sent.

While the Apple Card offers unique benefits, such as advanced security features and daily cash back, it may not be suitable for individuals who do not use Apple products or frequently shop at retailers that do not accept Apple Pay. Alternative credit card options include the Capital One SavorOne Cash Rewards Credit Card, which offers higher cash back rates for dining and entertainment, the Citi Double Cash® Card, which offers a simple and rewarding cash back program, and the Bank of America Travel Rewards Credit Card, which offers points for travel redemptions.

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