Apple Card Review 2021: Is It For You?

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Main advantages

No charges: The Apple Card has no fees. This does not include overseas transaction fees, which are fees you often see among cash back cards and no annual fee cards. Just keep in mind that even if you don’t incur a fee for missing a payment, your balance will still incur interest charges and your credit score will suffer once your account is 30 days past due.

Up to 3% return: You’ll earn 3% cash back on purchases made through Apple, as well as on purchases made with Apple Pay at select Apple merchant partners. You will earn 2% cash back on all other Apple Pay purchases and 1% on all purchases that don’t fit into these bonus categories. Since Apple has reported that over 70% of US retailers accept Apple Pay, you should have plenty of chances to earn cash bonuses.

Security functions: To use your Apple Card for a purchase, you must authorize the transaction using your iPhone, which makes it more difficult for anyone to use your card for fraudulent transactions. You will also receive instant notifications of every purchase.

Calculations of interest charges on each payment: When you make a payment, you will see an estimate of how much interest you will owe based on your payment amount. For those who don’t know credit card interest, this might make it easier to understand how much money maintaining a balance costs over time.

Detailed transaction information: Apple codes your transactions by color according to the type of purchase. It uses these color codes in spending summaries so you can know where your money is going. Each transaction also includes its location on a map, so you can check where a charge took place.

0% APR on Apple products: With the monthly Apple Card payments, you can get interest-free financing on many Apple products, including iPhones, iPads, and Mac computers. The length of the 0% APR offer will depend on the product, with most products offering between six and 24 months. While it’s best to pay for these products in full, the Apple Card at least gives you one convenient financing option when you need it.

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