Apple Card

The Apple Card is designed for people who either can’t get enough of Apple products or who use Apple Pay for everyday purchases. You can start using the card via Apple Pay before you get a physical card and you can earn 3% cash back on all Apple purchases. However, you don’t get a sweet welcome bonus, and the card is a little skimpy on rewards. We dive into the details and your approval odds in this Apple Card review.

Our Rating

4.3/5.0

Welcome Offer

None

Annual Fee

$0

0% on Purchases

Reward Rate

1% to 3% cash back

0% on Balance Transfers

How Does the Apple Card Compare?

The Apple card offers decent rewards for those who must have the latest Apple product, and it offers pretty good rewards if you use Apple Pay. If you use the physical card, you’ll earn 1% cash back on purchases, and there are many other cards that offer higher rewards. You can share your Apple Card account with up to five people, which may be helpful if you have teenagers and others who need to build credit.

Who is the Apple Card best for?

It will come as no surprise that the Apple Card is best for those who live and breathe Apple. If you want to use something other than Apple Pay, you’ll want to consider a different card.

Who would do better with a different card?

If you want a welcome bonus, the Blue Cash Preferred® Card from American Express offers a $250 sign up bonus. You’ll also earn up to 6% cash back on purchases and you aren’t limited to using Apple Pay. 

For a more straightforward cash back structure, Citi® Double Cash Card – 18 month BT offer offers 1% cash back when you make a purchase and 1% cash back when you pay the bill, and you don’t have to use Apple Pay to get these rewards. 

The Chase Freedom Flex(SM) card has rotating categories and offers up to 5% cash back on said categories. They won’t offer 5% cash back on Apple, but they do offer it on Amazon purchases periodically. So, if you bought your Apple products through Amazon during this time frame, you’d come out ahead. 



 





 

Welcome Offer

None

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts, Virtual Card Numbers
Contactless PaymentsApple Pay
Benefits24/7 customer service
Travel Perks

Rewards

1% cash back
On all other eligible purchases
1% cash back on purchases made with the Apple Card.
2% cash back
All eligible purchases
2% cash back on purchases when you use your Apple Card with Apple Pay.
3% cash back
Select Categories
3% cash back on goods or services when you use your Apple Card with Apple Pay on purchases directly from Apple. These include purchases from Apple retail stores, the Apple online store, iTunes, Apple Music and other Apple-owned properties. App Store purchases (including In-App Purchases ).
3% cash back
Select Categories
3% cash back on select merchants when you use your Apple Card with Apple Pay: Ace Hardware, Duane Reed, Exxon, Mobil, Nike, T-Mobile, Panera Bread, Uber, Uber Eats, Walgreens

Interest Rates & Fees

Annual FeeNo annual fee
Foreign Transaction FeeNone
Regular APR19.24% to 29.49% (V) APR

Pros & Cons

Pros
  • No annual fee
  • No foreign transaction fee
  • Up to 3% cash back
Cons
  • No welcome bonus

What Are the Best Alternatives?

Citi<sup>®</sup> Double Cash Card - 18 month BT offer
Citi® Double Cash Card - 18 month BT offer

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

Chase Freedom Flex(SM)
Chase Freedom Flex(SM)

Rating

4.7

Rewards Range

1% - 5%

Annual Fee

$0

Chase Freedom Unlimited®
Chase Freedom Unlimited®

Rating

4.9

Rewards Range

1.5% - 5%

Annual Fee

$0

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