Our verdict
In collaboration with Goldman Sachs, the $0 annual fee Apple Card features a variety of consumer-friendly features. This credit card has no late fees, returned payments fees or foreign transaction fees. The Apple Card also offers unlimited daily cashback rewards on Apple purchases, 3% cash back at select merchants and 2% cash back everywhere else when you use your iPhone or Apple watch to pay with the Apple Card. If you also sign up for the Apple Savings account, Daily Cash rewards are automatically transferred to the savings account to earn 4.35% APY. Or you can send the rewards to Apple Cash, where you can spend it or send it. But you’ll need to be an iPhone user with iOS 12.4 or later to get the card, and there’s no 0% intro offer that we normally see with top cards.
Best for: iPhone users who frequently use Apple Pay.
Pros
- No annual, late or foreign transaction fees
- Up to 3% in unlimited Daily Cash rewards
- Cohesion with Apple Savings account
- Up to five users with Apple Family
Cons
- Requires an Apple Watch or iPhone with iOS 12.4 or later
- Good credit likely required
- No 0% intro rate offer
Who is the Apple Card best for?
If you already use Apple Pay on the regular, this might be a great addition to your Wallet. As a regular Apple Pay user, the Apple Card can be a simple way to stack up rewards, with cash back ranging from 2% to 3% on all purchases made through Apple Pay.
The card is extra sweet if you’re a T-Mobile customer because you can earn rewards for paying your phone bill. You can earn 3% Daily Cash at T‑Mobile US stores and 3% Daily Cash for automatic bill payments.
If you frequently purchase Apple products, such as MacBooks or iPads, then the Apple Card offers additional benefits. With the Apple Card, you get 0% APR when you purchase a new iPhone, iPad, Mac, Apple Watch or other eligible accessories using Apple Card monthly installments.
What we like about the Apple Card
Many credit cards charge annual fees, typically around $90. But you’ll pay no annual fees with the Apple Card. There are also no late, over-the-limit or foreign transaction fees.
Apple also offers Apple Card Family. You can invite an adult co-owner to share equal responsibility and benefits for the account and add participants aged 13 or older to spend within limits and earn Daily Cash. You can add up to four other people to share the account with and access this function in the Wallet app for quick adds.
Daily Cash rewards
There’s no limit to how much Daily Cash you can earn, and you get the most rewards by using Apple Pay.
Unlike other cashback programs, Apple posts Daily Cash directly to your Apple Card account, allowing you to spend your rewards almost immediately. You can redeem Daily Cash earned using Apple Pay, send it to other Apple users through iMessages or opt to send the rewards to your Apple Savings account if you get one.
Reward | How to earn |
---|---|
3% |
|
2% | Purchases through Apple Pay |
3% | Purchases with physical card |
Increase rewards with high-yield Apple Savings Account
Apple now offers the Apple Savings Account in conjunction with the credit card. To get the savings account, you need the Apple Card — and they work great together.
With the account, Daily Cash earnings are automatically transferred into the high-yield account, which has an impressive 4.35% APY. The account also comes with no fees, no balance requirements and no opening deposit.
The 4.35% APY is higher than the national average by a large margin and beats out a lot of the competition.
Simple application and fast delivery
The application for the card takes minutes, and you can do it right in your Wallet app. Once approved, the Apple Card is immediately added to your mobile wallet so you can use it right away. Apple will also ask if you want an optional physical card, which takes four to seven days to arrive.
Where the Apple Card falls short
If you don’t have an iPhone, you can’t qualify for the Apple Card. You’re also required to have an iPhone iOS 12.4 or later.
Exact credit score requirements aren’t clear, but Apple does state that credit scores above 660 are considered favorable for approval. To see if you’re eligible, you’ll have to apply and wait for a credit decision, which is done with a soft credit check.
Unlike some of the best credit cards, Apple doesn’t offer a 0% introductory rate offer (except on select Apple product purchases), and there are no reward options for frequent flyers.
Also, unlike most other credit cards, there are no cash advance features, so you can’t use your Apple Card to withdraw money from an ATM.
Apple Card fees
Type of fee | Details |
---|---|
Annual fee | $0 |
Foreign transaction fee | $0 |
Card replacement fee | $0 |
Over-the-limit fee | $0 |
Compare Apple Card to other credit cards
Narrow down top credit card offers by credit score requirements, annual fees and rewards. Tick the Compare box to see up to four offers side-by-side for a closer comparison.
More guides on Finder
-
7 Credit Cards without SSN Requirements
Credit cards like Firstcard, Capital One Quicksilver, Blue Cash Everyday and Fizz don’t require a social security number to open.
-
7 best credit cards for young adults
The best credit cards for young adults are cards with low or no credit score requirements, low or no interest and rewards to go around.
-
5 tips to build great credit using credit cards
Plus, how many credit cards should you have?
-
$983.3 million to be spent on turkey’s for Thanksgiving 2024
Americans are forecast to spend $983.3 million on Thanksgiving turkeys in 2024.
-
Best 0% APR credit cards
The 6 best cards that charge zero interest include Step Black Card, Chime Credit Builder, Varo Believe, Cleo Credit Builder and more.
-
High Limit Secured Credit Cards
Secured cards like the Cleo Credit Builder can have limits as high as $25,000, but you’ll need a deposit to match.
-
5+ Best credit cards for bad credit
If you’re looking for a credit card but have a bad credit rating, use this guide to compare suitable credit cards and regain control over your finances.
-
Chase Freedom Flex℠ Review
Earn a generous signup bonus and massive cashback rates on a variety of categories.
-
Chase Freedom Unlimited® review
Earn a solid signup bonus and generous cashback rates on a variety of categories.
-
How much will Americans spend on Jack-o’-Lanterns this Halloween?
Finder looks into the cost of a pumpkin for 2024 which shows Americans plan to spend $762.8 million pumpkin bill for Halloween.
Ask a question