Plus, there are no fees to worry about: no annual fee, late fees, or foreign transaction fees. The card comes packed with other nifty features, including color-coded spending categories, an integration with Apple Maps to see where you spent money, a slider tool that shows you how much interest you'll be charged based on your payment amount, and the ability to share the card with others through Apple Card Family. From there, you can spend it on purchases using Apple Pay, apply it as a credit toward your card balance, invest it in a linked Apple high-yield savings account, or pay a friend who also uses Apple Cash. 'Daily Cash' is Apple's version of cash back, and you'll earn it on every transaction and see it in your Apple Cash balance each day. Any other purchases made with the physical card earn 1% cash back.Īnd the Apple Card actually earns cash, in real time. When you use the card with Apple Pay, you'll earn 3% cash back on purchases made from Apple and at select merchants, including Uber, Exxon Mobil, and Walgreens, and 2% cash back on all other Apple Pay transactions. While the laser-etched physical card you can request is definitely cool, you'll only earn 1% cash back when you swipe it - a poor rate of return, considering many competing credit cards earn 2% cash back everywhere.īut if you do have an iPhone (or use Apple Pay online, or with an Apple Watch), the Apple Card is a compelling option. That's because you'll need to use the card with Apple Pay to earn a high rate of cash back. This brings us to a big limitation: Unless you have an iPhone, there's really no reason to consider the Apple Card. In fact, it's not even a physical card (unless you want it to be) - one of the card's main selling points is its convenient digital interface that lives right on your iPhone in the Apple Wallet app.

Apple Card Review: Is It the Best Credit Card for You?Īpple is well known for its innovative technology, so it's no surprise the Apple Card is equally unique in the credit card space. It's since added new features, including access to a high-yield savings account, but unless you're a true Apple aficionado, you'll likely do better with one of the best cash-back credit cards. The Apple Card launched to much fanfare in 2019, promising to be an effortless, fee-free way to earn high cash-back rewards and track spending. But its lack of welcome bonus and reliance on using Apple Pay to earn the most rewards may be a turnoff for some. The Apple Card, issued by Goldman Sachs, is an interesting option for Apple loyalists, earning up to 3% cash back and offering unique features you won't find on other cards.

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