Apple Card Review

If you're wondering whether Apple Card is the right card for you, read on. This is everything you need to know to make a good choice.

• Generous reward rate. You will get a cashback rewards rate of up to 3%.
• Competitive APRs. Apple Card has a variable purchase APR that ranges from 12.49% up to 23.49%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.

The Good

The Bad

The Apple card does not charge late fees, over the limit fees, returned payment fee, international fees, or an annual fee. There is no penalty APR. When shopping where Apple Pay is not yet available, customers still receive the lower rate of 1% back as Daily Cash. Apple purchases (games, in app purchases, iTunes, ect.) earn 3% back. Lower than average purchase APRs. No annual fee. No foreign transaction fee. Apple Card reports to multiple credit bureaus.

To benefit from 2% Cash Back rewards, customers will need to be able to use Apple Pay. Although acceptance is growing, this isn't available everywhere. Depending on your credit score, interest on unpaid balances can reach over 20%. Does not offer a signup bonus. Does not include many credit card benefits.

Is there a Apple Card cash back or rewards program?

No, Apple Card does not offer a rewards program. Apple Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Apple Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 3% for purchases in a bonus category.

What are the Apple Card benefits?

Apple Card provides the following benefits:

• No blackout dates when redeeming miles
• Reports to major credit bureaus

What are the relevant APRs for Apple Card?

Apple Card is a charge card and therefore doesn't have interest charges. You must pay your balance in full every month.

What are the fees for Apple Card?

The following fees apply to Apple Card:

• There is no overlimit fee

Apple Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$0

Does Apple Card report your account activity to credit bureaus?

Yes, Apple Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Apple Card

• Visit the Apple Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.