![]() Just make sure you sign-up for Apple Cash as that’s the only way for you to collect your “Daily Cash”. Daily Cash is essentially Apple’s way of giving you cash rewards on a daily basis rather than making you wait for your monthly statement.Ĭash you can use right away on your next purchase via Apple Pay. The coolest perk of their rewards system is “Daily Cash”. Not as good as some “rewards” credit cards, but not terrible either. You get 3% back on everything you buy from Apple, 2% back on all Apple Pay purchases, and 1% back on all purchases where Apple Pay is NOT accepted. Last four digits of your Social Security number.Īpple also reserves the right to ask for a picture of your driver’s license or state ID card.When applying, Apple will ask for the following: You must be at least 18 years of age and a legal U.S. See Also: The 11 Best Credit Cards for Savvy Shoppers What are the Requirements to Qualify for the Apple Card? At least that’s how I would use the information. Where your card looks like rainbow sherbet you know your spending is balanced.Īpple is trying to make it easier for you to see what types of purchases you might want to cut back on. You then get a snapshot within the app of where you tend to spend your money and your “virtual card” actually turns the color of whatever you spend the most on. Think entertainment, food, shopping, and travel. The Wallet app also breaks down your purchases by type and color codes them accordingly. Think of it as an easy-to-follow “history” of your recent purchases. This is a really handy tool for shoppers who tend to overspend and not keep a tally of their credit card purchases. How Does It Help Me Control My Spending?Īll Apple Pay transactions are linked to Apple Maps within your iPhone which allows you to quickly see exactly where you made your past purchases. Seeing the numbers in black and white should help many shoppers realize how their spending habits influence their finances every month. Specifically, “When you’re ready to make a payment, Apple Card estimates the interest you’ll wind up paying, based on any payment amount you choose.” To help you realize this, Apple shows you EXACTLY how costly it is to carry a balance on your card. 74 of the top 100 merchants in the United States accept Apple Pay.” What APR Can I Expect?ĭepending on your credit rating, your card will come with an APR between 13.24% to 24.24%.Īs with any credit card, interest charges can add up quickly. Not all merchants accept Apple Pay so it’s smart to have the actual credit card on you at all times.Īccording to MacRumors, as of early 2019, “Apple Pay was available in 65 percent of U.S. Non-Apple Pay: If the store or business doesn’t accept Apple Pay then you just use your titanium card and complete your purchase like you would with a traditional credit card.You just use your iPhone to complete purchases like in the picture above. Apple Pay: This is when you link the card to your iPhone via the Wallet app that comes already installed on all iPhones. ![]() You can use the credit card in 1 of 2 ways: See Also: My Adventures in Credit Card Churning and How I Earned $1,985 How Exactly Do I Use the Card? There also is NO foreign transaction fee or late penalty.īe aware that instead of charging you a late penalty/fee, Apple will charge you “additional interest” instead. The card does NOT have an annual fee or any hidden fees. There’s no card number or CVV number anywhere which keeps people from stealing your information when you’re not looking. The card only has your name on the front and a magnetic strip on the back… that’s it. Yes, you read that correctly.īesides being made out of titanium, the card has some other cool features too. In addition to being able to use the card directly from your iPhone, Apple will mail you an actual credit card made out of 100% titanium. ![]() These include FaceID, TouchID, and unique transaction codes. The card also boosts strong security measures. ![]() You can use the card to make digital Apple Pay payments with your iPhone OR you can use it like you would any plastic credit card in your wallet. The card is backed by Goldman Sachs (and MasterCard) and is designed to seamlessly work with your iPhone and Apple Pay.īut you don’t need to use Apple Pay to use the card, but you’ll want to, more on that later. I hope this review helps you decide if the Apple credit card belongs in your wallet or on your iPhone.īack in August of 2019, Apple rolled out the Apple Card, a credit card that’s linked directly to Apple Pay. From security measures, to cashback features, to debt management tools and a cool design, I looked at it all. ![]() I recently took a deep dive into the card and discovered where it’s awesome and where it falls short. Like it or not, the Apple Card is officially here. ![]()
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