Is Apple credit card good? (2024)

Is Apple credit card good?

Although the Apple Card* offers some unique features that can help motivate cardholders to stay on top of their debt, the rewards program is easily bested by other cards. There's a bushel of other rewards cards with no annual fee that offer welcome bonuses, intro APR offers and other perks.

Is Apple Card a good card?

Although the Apple Card* offers some unique features that can help motivate cardholders to stay on top of their debt, the rewards program is easily bested by other cards. There's a bushel of other rewards cards with no annual fee that offer welcome bonuses, intro APR offers and other perks.

What are the cons of an Apple Card?

Drawbacks and Considerations
  • Lower cash-back rate with physical card. The 2% cash back on most purchases matches many of the highest flat-rate cash-back cards on the market. ...
  • Limited 3% Daily Cash categories. ...
  • Few upfront incentives.
Jan 9, 2024

Is Apple credit card hard to get?

Bottom line. It's possible to get approved for the Apple Card with a credit score under 670, but your chances improve as your credit score increases. And an excellent credit score doesn't guarantee your approval, other factors are considered, such as income and payment history.

Does having an Apple Card build credit?

Sharing an Apple Card account can have either a positive or negative impact on your credit score. Generally, accounts that have been established for a while, show consistent on-time payments, and have balances below 30% of the total credit limit may result in a positive credit impact.

Is Apple Card better than Amex?

Key Takeaways. Annual Fees: Amex Platinum charges a hefty annual fee, while Apple Card has none. Rewards and Cashback: Apple Card offers a simple cashback system, while Amex Platinum provides a range of perks and membership points.

Is Apple Card worth it 2024?

Bottom Line The Apple Card is a good option if you are a frequent Apple customer and use Apple Pay. The card gives great rewards with Apple and select other merchants, and it has a $0 annual fee as well as interest-free financing on qualifying Apple purchases.

Why not to get an Apple Card?

Cons
  • Apple Pay isn't accepted everywhere.
  • Purchases with the physical card only earn 1% cash back.
  • No special financing offers or welcome bonus.

What credit score do you need for Apple Card?

According to the official Apple website, a good FICO® Score (above 660) is necessary for Apple Card approval. According to Goldman Sachs, the issuer of Apple Cards, apart from your credit score, your debt-to-income ratio and reported income are also important factors considered for credit card approval.

Which credit card is best to start with?

  • Chase Freedom Unlimited®: Best card for beginners.
  • Bank of America® Premium Rewards® credit card: Best travel card for beginners.
  • Bank of America® Business Advantage Travel Rewards World Mastercard® credit card: Best business card for beginners.
  • Chase Freedom Flex℠: * ...
  • U.S. Bank Cash+® Visa Signature® Card: *

Does the Apple Card hurt credit?

If you apply for Apple Card and your application is approved, there's no impact to your credit score until you accept your offer. If you accept your offer, a hard inquiry is made. This may impact your credit score.

What is the highest credit limit on Apple Card?

Based on information from other Apple Card users, typical credit limits are $1,000, $2,500, $3,500, $6,000, $7,500, $10,000, $15,000, $20,000, and up to $40,000 or more. The maximum credit limit will depend largely on your individual circ*mstances.

How many credit cards should you have?

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

How often does Apple raise your credit limit?

The Apple Card will increase your credit limit no more than once every six months, generally. It's typical for credit cards to have a waiting period between increases. Keep in mind that your chances of getting a credit limit increase are best if you've made the last six consecutive payments for the account on time.

What is the limit on the Apple Card?

The limits are determined by the cardholder's credit score, credit age, and income at the time of application. Cardholders have reported credit limits as low as $50 and as high as $15,000. An Apple Card may be shared using Apple Card Family. It requires each person to be over 13 years old to share the card.

Who accepts Apple Card?

Pay with Apple Card anywhere Apple Pay is accepted, and use the titanium card or virtual card number anywhere Mastercard is accepted.

Is Apple Card safer than credit card?

Apple Pay is designed with your security and privacy in mind, making it a simpler and more secure way to pay than using your physical credit, debit, and prepaid cards. Apple Pay uses security features built-in to the hardware and software of your device to help protect your transactions.

Is Apple Pay more expensive than credit card?

There is no additional charge or interchange fee for an Apple payment versus a traditional credit card payment. When a customer pays with Apple Pay, processors flag it as a card-present (CP) transaction, which is the same way they flag a swiped or EMV transaction in your store.

Is Apple Pay safer than Visa card?

Apple Pay is safer than using a physical credit, debit or prepaid card. Face ID, Touch ID or your passcode is required for purchases on your iPhone, Apple Watch, Mac or iPad. Your card number and identity aren't shared with merchants, and your actual card numbers aren't stored on your device or on Apple servers.

How much do you have to make annually for Apple Card?

While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.

What is the advantage of Apple Card?

Apple Card gives you unlimited 3% Daily Cash back on everything you buy at Apple — whether it's a new Mac, an iPhone case, games from the App Store, or even a service like Apple Music or Apple TV+. You also get 3% Daily Cash back on purchases you make at select merchants when you use Apple Card with Apple Pay.

Is Apple Card accepted everywhere?

Chip Lupo, Credit Card Writer

Yes, you can use the Apple Card anywhere that accepts cards on the Mastercard network.

How many credit cards is too much?

There's no definitive answer to this, but 10 credit cards may often be too overwhelming for the average person to maintain. Having two to three credit cards is much more manageable and can go a long way toward keeping your credit utilization low.

What is a good APR for a credit card?

A good APR is around 22%, which is the current average for credit cards. People with bad credit may only have options for higher APR credit cards around 30%. Some people with good credit may find cards with APR as low as 16%.

Can you use Apple Card at Costco?

Does Costco accept the Apple Card? The Apple Card is a Mastercard, so it cannot be used for in-store purchases at Costco. However, you can use the Apple card for Costco.com purchases and those made through the Costco app.

References

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