Apple Credit Card Review

Written by Robert Ferry on January 29, 2022
Apple Credit Card Review

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Apple credit card is a simple card. With an Apple Credit Card, you can perform various functions. It provides so many functions which other cards do not offer. For example, with an Apple Credit Card, you can buy things and do much more than purchase.

This Apple Credit Card has a link with Apple Pay. Apple has a partnership with Goldman Sachs for this card. Apple Pay provides optimization for this card. However, you can use this card like a traditional card for all your transactions. Apple has made this card available for its users since 2019. Apple is adding new features daily to make this card modern and relevant.

There is no long-time limit. A user can quickly know about the approval of an application in a minute. Moreover, a user can access a two percent daily cash reward if he pays from an iPhone or an Apple Watch. This feature is a credible feature of the Apple Credit Card. There is no waiting and no wondering thing in Apple Credit Card.

In this article, we will look into the basics of the Apple credit card, how it works, and what features it offers users. We will also look into some types of Apple credit cards and their requirements. The article will compare Apple cards with other market credit cards. A FAQs section will be added to answer some general questions about the Apple credit card.

How to Get an Apple Credit Card

Signing up for an Apple Credit Card is an easy task. Signing up for an Apple Credit Card is similar to opening a Wallet app. Here are some steps to help users sign up for an Apple Credit Card.

  • Tap on the interface of the Apple Card
  • After tapping on the interface, a user can walk through the activation steps.
  • The essential information you need for this account will be available on your Apple ID.
  • After that, in a minute, you can complete your activation process.
  • Apple has an option of activation option through the website as well.

Requirements Needed for Apple Credit Card

The critical information you need for an Apple Credit Card is your first and last name. You also require a date of birth, phone number, home address, and citizenship of the place where you live. Apple also wants information on your annual income. In some cases, Apple will also ask for the transmission of your state ID. Right after the process of signing up, a user will be able to purchase stuff digitally.

There are no hidden fees for an Apple Credit Card. There is no extra annual fee for an Apple Credit Card. There is no feature for late payments; foreign transactions are also free. There is no setup fee for the user. A user also does not need to pay a reward redemption fee.

Criteria for Apple Credit Card

Like every other card, there is a specific criterion for an Apple credit card. A user must be above 18 years old to qualify for an Apple Credit Card. A user should also have a running iOS 12.4 for an Apple Credit Card requirement. A user who does not have an iPhone will not be able to have this Apple Credit Card. A user must use one of the two-factor authentication settings. Finally, a user must ensure he has signed in for iCloud on his phone with an Apple ID.

Use of an Apple Credit Card With Apple Pay

The purpose of the Apple Card is to work with other credit and debit cards. A user has the option of setting this card as a default card. A use by setting this as a default card can purchase stuff online. Users can buy things on iPhone, Apple Watch, iPad, and Mac.

Use of an Apple Credit Card for Non-Apple Pay Purchases

Suppose a user wants to buy something and cannot buy it from Apple Pay. A user, in that case, can use the physical version of Apple Credit. For the solution to this issue, Apple has a partnership with Mastercard. For this reason, An Apple card is valid for every store where Mastercard is valid.

Activation of Physical Card

The activation of a physical card is simple. A user will receive the physical card in the mail. For modern phones, the use is even more straightforward. First, you need to hold the device. Then, you have to keep it near the envelope for the NFC scan. Finally, after the scanning process, you need to tap the button to activate.

To use the iPhone X, a user needs to open an Apple Card. After opening the Apple Card, you need to open the Wallet App. After completing these steps, you should keep your iPhone near the Apple Card. After completing these steps, your activation process will be over. You will not have to receive a confirmation activation call like traditional cards.

Apple Titanium Credit Card

Like everything in Apple, the company is unique, and the card Apple is also excellent. The card Apple is a product of Titanium. This card has a laser etched with the name of the user. This credit card does not display the card number. This card also does not have an expiration date on the back. There is no signature on this card. These features protect the user. If a user loses his card or someone steals it. In that case, no one will be able to use that card.

There are no visible card numbers and CVV. But they are digitally present. A user has access to Wallet App. So he can see these numbers from the Wallet App in case of need. For the payments, a person must need an iPhone for Apple Pay payments. The weight of this Titanium Credit Card is 14.7 grams.

The Use of Apple Credit Card on iPhone, iPad, Apple Watch, and Mac

The card of Apple offers multiple ways of use. A user can use it on Wallet App. However, along with this use, a user can use it on iPhone, iPad, and Mac. You can even use it on Apple Watch.

Credit Limit of an Apple Credit Card

Just like all other credit cards have certain limits. Apple credit card also has a limit. Apple Credit Card has this limit different for every person. It depends on your credit score as well. The credit card with a higher credit score will have more credit limits. The credit limit is not constant. It changes with time.

How to Make a Monthly Payment From an Apple Credit Card

There is a website of Apple that works for people. The website is card.apple.com. With the help of this website, users can apply for a card. Besides this, with this website, users can check their current balance. Users can view their complete statements.

Along with these functions, this website allows users to make payments. Users can also have an option of direct payment. This option helps them in paying directly from their iPhones or iPads.

Monthly Statements of an Apple Credit Card

An Apple Credit Card provides statements to users through a Wallet App. Users have access to saving this statement. You can easily save this statement as a PDF. By keeping this as a PDF, you can access this statement on other devices.

Family Sharing of Apple Credit Card

Along with other features, an Apple Credit card offers a family feature to its users. By using this feature, spouses can have a single credit card. In this case, both users will be co-owners of cards. This feature also allows parents to have a card with their kids. Parents can enable the option of limited spending. There is an option of adding five people to this sharing feature.

Wallet App handles this sharing feature. For this sharing feature, there is a condition. All users must be a part of the same family. In addition, there is an age limit; every user must be above thirteen. For the co-owner, the age limit is different. Co-owner must be above eighteen years old.

Fees of an Apple Credit Card

For the card of an Apple, there is no annual fee. A user also does not need to pay an international fee. You also do not need to pay a fee for late payments. Although there is no late payment fee, you will have to pay the interest. Late payment will also make the credit score zero. Apple also does not produce any foreign transaction fees. Mastermind determines the rates of foreign transactions.

PIN for International Purchases Through an Apple Card

The Wallet App does not provide the user with any kind of PIN. The PIN is an essential thing for international purchases. Outside the United States, a user will need a PIN whenever he has to buy something. Unfortunately, the apple Credit Card does not support any PIN. This indication means that Apple Credit Card will not be valid for some international purchases.

Interest Rate of an Apple Credit Card

An Apple Credit Card's interest rate has been primarily between an APR of 10.99 to 23.99. This interest rate depends on the credit score of users. Apple has given a variety of APR; the reason for this variety is that Apple wants to make this card accessible to many users. Apple has also provided some tools; by using these tools, a user can avoid interest fees.

Credit Check of an Apple Credit Card

A user needs a credit check to sign up for an Apple Credit Card. You need approval for Goldman Sachs and TransUnion for the credit check. If a user has an option of a credit freeze, in that case, a user must need to unfreeze TransUnion credit.

TransUnion gives an option of the temporary release of the credit report; it will make it easy for you to unfreeze the credit. Lifting the freeze of honor is free of cost.

Credit Ranges of an Apple Credit Card

A wide range of credit scores is eligible for Apple Credit Card. This variety of credit ranges is because Apple wants to make this card accessible to many users. Some reports claim that in some instances, Apple approves customers' applications with a credit score in the 600s. Many users have the accessibility of an Apple Credit Card. However, APR will depend on the credit scores of the customer.

Rewards System of an Apple Credit Card

Apple has the facility of cashback as a reward for the cardholders of Apple. Apple provides them with a daily cash of three percent. With certain purchasing habits, this option of money back varies. If a user purchases stuff from an Apple Credit Card, he can get one percent cashback. If a customer buys things from Apple Pay, he gets a two percent cashback reward. From purchasing stuff from an app store, a user will get three percent as cash back.

Daily Cash System of an Apple Credit Card

Along with many perks of an Apple Credit Card, there is an incredible perk of an Apple Credit Card, a system of daily cash. So, you can easily get your daily bonuses instead of waiting for weeks. You will easily get daily cash payouts on your Apple Credit Card if you use the feature of Apple cash.

Apple Cash is an essential requirement for Daily Cash. However, even without Daily Cash, a user can get rewards, but those rewards will be every month. In this case, you will get your rewards through a statement balance.

How to Use Daily Cash

The Daily Cash of your Apple Credit Card is easy to use. You can use Apple Credit Cash for purchases of Apple Pay. You can also use it by transferring it to the user's account. There is no cost for this kind of transfer. The processing time of this transfer is one to three days. If you want to send it immediately, in that case, you will have to pay one percent of the total cost. The fee for the instant transfer is between 0.25 and 10 dollars.

Notifications of Purchase From an Apple Credit Card

Like many other cards send notifications on phones, a similar function of notifications works for Apple Credit Cards. You will get a notification on your mobile phone after purchasing stuff from an Apple Credit Card. This feature will help you recognize whether you are the one who is purchasing or someone else is buying.

Payment System of an Apple Credit Card

Apple Card provides various options to users for payment. Apple also calculates the interest that a user will have to pay. According to Apple's sources, the purpose of an Apple Credit Card is to motivate the user to pay more. If the user spends more, he can avoid the interest rate. There is a flexibility of payments for users. For example, a user can link a Wallet App with a bank account for the price.

Privacy of an Apple Credit Card

Every card has its kind of security; Apple also has a system of privacy for the cardholders of Apple. Apple creates a unique number on iPhone with a Secure Element. You can confirm all of your payments with Face ID and Touch ID.

Apple Credit Card Support

The messages app handles all the support systems of Apple. You can get support at any time of the day. The representatives of the support system are available every time of the day. You can text the support staff, and they will handle your issues. If there is any issue that you face on the transaction, you can easily report the issue. With this support system, you will also be able to know about unknown transactions.

Denial of an Apple Credit Card

Just like every card has some criteria to approve the application of card is needed, Apple also has a bar. By considering those criteria, Apple can deny the application of the user. However, Apple will provide complete detail of denial. A user will get a whole document highlighting the reasons for rejections.

The common reasons for denials are low credit scores, heavy debt, or low income. The other reasons that can also become a denial are tax liens, bankruptcy, and past-due debt obligations. Apple also gives a four-month period to improve the credit score to get Apple's credit card.

Apple Card Tutorial Videos

For the support and help of the user, Apple Card has given a variety of tutorials. Through these tutorials, Apple provides multiple videos to users in which they can learn about purchases from a store, online purchases, and the process of making payments. In addition, these tutorials will also help in telling the user about the activation of the account.

Customer Agreement System of an Apple Credit Card

Apple also provides a system of Customer Agreement system. This agreement system gives users all insights into how an Apple account works. This service also provides users with all the terms and conditions. These conditions are essential because these terms and conditions are so crucial for the user.

Features of an Apple Card

There are multiple features of Apple cards. The most common features of the Apple Credit Card are below.

  • An Apple card provides its users with a good privacy
  • An Apple Credit Card has no fees
  • An Apple Credit Card has a system of cash back
  • Apple Credit Card has transaction labeling.
  • An Apple Credit Card has an easy way of signing up on the iPhone
  • An Apple Credit Card has a system of three percent cash back.
  • An Apple Credit Card is a Titanium physical card, making it a unique card.

This Apple credit card is straightforward. This credit card is secure. The activation process of an Apple Credit Card is magical and reliable. There is no way to steal an Apple Credit Card. The purchase history of the Apple Credit Card is very safe and secure. There are important suggestions for people. By using these suggestions, a user can smartly pay.

There are payment reminders for users so people cannot forget the actual date of payment. A user can easily see monthly installments. Co-owners can easily earn and build equal credits. For the family share, the age limit is eighteen years old. There is a twenty hours availability for users.

Apple Credit Card VS Double Cash Card

Double Cash offers an option of no annual fee. This option is similar to an Apple Credit Card. However, Double Cash Credit Card is easy to earn, and the redemption structure of Double Cash is easy. With a Double Cash Card, you can get two cash back on your purchases.

Apple Credit Card VS Chase Freedom Flex

The Chase Freedom Flex also has a system of generous rewards structure. The annual fee of a Chase Freedom Flex is 0. a user can also get five percent cash back on the purchase of 1500 dollars. Chase also has a partnership with Amazon, Target, and Walmart.

Apple Card and Blue Cash

Blue Cash carries ninety-five dollars as an annual fee. In response to that, users can get six percent cash back. In comparison, Apple Credit Card does not charge any annual fee.

Advantages of Apple Credit Card

There are multiple advantages and benefits of the Apple Credit Card. Apple provides interest-free financing, and it also provides its users with a cashback of three percent. Another essential advantage of an Apple Credit Card is a product of Titanium. This card also offers virtual card numbers.

Another essential advantage of this card is that it has a Mastercard network. Therefore, it provides services every time of the day. Apple also has a feature of account sharing with the option with family.

Disadvantages of an Apple Credit Card

The major disadvantage of an Apple Credit Card is that a user must have an Apple Pay to receive the best rewards. Therefore, without Apple Pay, a user cannot get the best cashback rewards with an Apple Credit Card.

FAQs

Now that you know more about Apple credit cards let us look at some of the questions related to it for further clarification.

Is There Any Disadvantage of Using an Apple Credit Card?

Just like other cards have some disadvantages, no card is all positive. There is always some negative side to everything. However, there is a downside to an Apple Credit Card. The burden of the Apple Credit Card is that it offers lower than 1 percent cash back if you purchase stuff outside Apple. This part is a disadvantage of an Apple Credit Card.

What Is a Special Thing About the Apple Card?

An Apple Credit Card is unique because it gives users three percent daily cash back. This cash back applies to the stuff you buy from an Apple. This service is valid for Apple stores and online links of Apple.

Is There Any Difficulty In Getting an Apple Credit Card?

The application process for an Apple Credit Card is relatively easy. However, the information of an Apple ID is essential for operating an Apple Credit Card. You will make the Apple Credit Card through Wallet App on your iPhone.

How Does Apple Card Works?

An Apple Card works the best with Apple Pay and the Wallet App of your iPhone. An Apple Credit Card is valid for purchasing stuff, and users can earn the cash back from an Apple Credit Card. Additionally, this credit card of Apple does not charge any additional fee.

Is There Any Chance of Increasing Your Credit Score Through an Apple Credit Card?

There are certain conditions; if a user fulfills those conditions and uses an Apple Credit Card responsibly, he can quickly build credit through an Apple Credit Card. For the making of credit, you should focus on regular payments. A user must pay on time. In this case, they will increase their balance.

Is There Any Annual Fee For Apple Credit Card?

There is no formal annual credit card fee for an Apple Credit Card. In addition, apple Credit Card does not charge foreign transactions or late payment fees. APR system works for an Apple Credit Card. The current merit of APR is 11.24 to 22.24 percent.

Conclusion

There are multiple benefits of an Apple Credit Card. It provides unique benefits to users. However, the needs of all users are different. Sometimes, a user will get more reward options from other apps. For some users, this app credit card is the best option; however, this credit card is not a good option for other users.

An Apple Credit Card provides the best rewards to people who already have Apple Pay to purchase stuff. If you use Apple Pay, then it is a good option for you. The central idea is that if you are a loyal customer of Apple and regularly get stuff from Apple, then this card is the best option for you.

Article written by Robert Ferry
We are an unbiased knowledge center for finance and our goal is to help you make your own, educated decisions about getting your credit life turned around.
Credit Optimal is an unbiased knowledge center and our goal is to help you make your own, educated decisions to getting your credit life turned around.
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