![]() After year one, the rewards are still strong, especially for travelers and people who frequent restaurants or drugstores. Rewards after year one (or after $20,000 of spending): 5% for travel, 3% for drugstores and restaurants, and 1.5% on other purchasesĭuring year one, Chase Freedom Unlimited’s cash back rewards are hard to beat. Rewards in year one (or first $20,000 of spending): 6.5% on travel spending, 4.5% on drugstore purchases and restaurants, and 3% on other purchases Similarly, if using a physical card is important to you, the Apple Card’s 1% cash back on purchases with the physical card will be too low to compete with this card. If you travel frequently, the 5% cash back on hotels and rental cars will likely bring you more savings than Apple’s cash rewards. Rewards: 5% cash back on hotels and rental cars-1.5% cash back on all other purchases Consider the pros and cons of each of these zero-annual-fee credit cards: 1. ![]() For example, while the Apple Card is one of the only credit cards to not charge late fees, it also does not have a welcome offer like many other options out there. Each card has different strengths and weaknesses. Like every financial decision, it’s important to research your options before deciding on the best credit card. Individuals with low credit scores could receive an APR above the national average of 19.06%.Other cards may have better cash back offers or rewards programs.Android users will need to switch devices to sign up. ![]() Individuals with excellent credit scores could qualify for an APR on the low end of the 14.74% to 25.74%, which is a better rate than the national average APR for all credit cards ( 19.07% as of Q4 2022).Individuals who have been unable to qualify for other popular credit cards due to a subprime credit score may have a higher chance of qualifying for the Apple Card. ![]() Apple products can be paid in installments.Customer service reps are instantly available via text message.Budgeting tools encourage healthy spending.No annual fee, late, or foreign transaction fees.This includes the color-coded spending history that allows you to track purchases by category and the spending wheel that estimates interest charges, encouraging users to pay off their balance each month. Additional PerksĪdditional perks of the Apple Card include the ability to set up a family card, instantly available customer service, and the ability to pay for Apple products over time without interest.Īpple cardholders also have access to digital budgeting tools. Apple aims to approve as many borrowers as possible, meaning many potential cardholders with subprime credit scores may be approved for an Apple Card, despite struggling to obtain other popular credit cards. Cash back earnings are added to your card daily, so you can immediately access those funds.Īpple cardholders will receive an APR between 14.74% to 25.74%, depending on creditworthiness. Cardholders earn 2% back on all other purchases made through Apple Pay and 1% back on purchases made with the physical Apple Card. The Apple cash back rewards include 3% back on purchases made at Apple stores or through select brands, such as Nike, Uber, Ace Hardware, and T-Mobile. Without annual fees, late fees, or foreign transaction fees, the Apple Card can be an economical choice. Cardholders can also request a physical credit card, which has a minimalist design and is constructed from durable titanium. The Apple Card is a digital-first credit card that works with the Apple Pay system on Apple devices. The Apple Card is only available for iPhone users.There are no annual fees, late fees, or foreign transaction fees for the Apple Card.Offering between 14.74% and 25.74% APR, Apple’s goal is to qualify as many users as possible for the Apple Card.The Apple Card is a cash back credit card that uses a digital-first platform.In this article, we’ll cover everything you need to determine if the Apple Card is worth it for you. However, it might not be the card for you, especially if you’re an Android phone user or you already have a credit card with top-quality perks. With zero fees, a digital-first platform, and a sleek design, there’s a lot for cardholders to love. Like any payment method, the Apple Card has its pros and cons. Credit Card Satisfaction Study found the Apple Card had the highest customer satisfaction rate among midsize issuers in both 20. But is Apple Card worth it in 2023? By 2022, that number had more than doubled and was gaining attention for its high customer satisfaction rates. Within six months, it had over 3 million cardholders. In 2019, Apple launched a new credit card with Goldman Sachs as the lender. Who Is the Apple Card Best For? Advertisements.
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