This is especially true if you have a travel rewards card, since they come with perks that out-compete Apple every time.Just like you would with any other card. Read more: Chase Sapphire Preferred reviewīottom line: Unless you're a die-hard Apple groupie, there really isn't any reason to add Apple card to your wallet if you already have a good rewards card. The aforementioned Chase Sapphire Reserve is consistently voted amongst the best, but the Chase Sapphire Preferred® Card is an excellent alternative if you can't swing the $550 annual fee for Chase Sapphire Reserve - it still offers bonus points on travel and dining and offers protections like primary car rental insurance. If you're traveling, though, it makes more sense to invest in a travel rewards credit card than to rely on a cash-back card. For the sake of comparing a 2% cash card to a 2% cash card, Citi Double Cash aligns pretty well with the new Apple card. There are foreign transaction fees, but Citi Double Cash is really best for domestic, everyday purchases rather than travel. This card comes with a 0% intro APR on balance transfers for the first 18 months after opening your account, and then the rate is 18.99% - 28.99% Variable, which is also relatively low for the industry. Like with the Apple Card, there are no caps or annual fees. With Citi Double Cash, there aren't any spending categories you simply earn 1% cash back on all purchases and then an additional 1% cash back as you pay your balance, making 2% total. Since the Apple Card is basically a 2% cash-back card, let's compare it to the Citi® Double Cash Card. Read more: The best cash-back credit cards Are there better options than the Apple Card? Most of the time, you'll be getting 2% cash back on all purchases made through Apple Pay, so this can more or less be considered a 2% cash-back card. You'll earn 3% on all Apple purchases as well as Uber and Uber Eats when you use Apple Pay, and get 1% cash back on all non-Apple Pay purchases. You'll see that cash credited to your Apple Cash card in the Wallet app at the end of each day. This is also pretty neat, because your rewards come back every day instead of monthly, quarterly, or annually. Using Apple Card, you will be entitled to daily cash back rewards that vary from 1% to 3%. Read more: The best no-annual fee credit cards Rewards Although credit cards that charge an annual fee generally come with much better benefits (like the Priority Pass membership and annual travel credit with the Chase Sapphire Reserve®) no-annual-fee cards give casual cardholders peace of mind. The benefit that gets me most excited about Apple Card is that it's completely fee-free, which means that there is no annual fee and no foreign transaction fees, and cardholders won't get penalized when they accidentally miss a payment. While Apple's design is potentially more user-friendly and chic, creditors have been offering these services for a while now. American Express cards, for example, give you a detailed list of transactions as well as a pie chart broken down into spending categories. From your phone, you can access all of your spending history (complete with an actual map of all your purchases) as well as your remaining balance, spending trend analysis, and timeline.Įven though this is pretty neat, most other cards come with a similar service. Featuresįor me, the coolest thing about this card is the digital interface. Plenty of cards come with digital options these days, and lots of cards have metal designs as well. As an Apple Card holder, you'll have the option to use your digital card or the laser-etched titanium physical card, but to me, those things are neither here nor there. the crowded credit card marketįirst of all, let's talk about the main selling points. But what if you aren't looking to expand your credit profile because you already hold a rewards credit card or a cash-back credit card? Do you need to add Apple to your wallet? The Apple Card vs. As we all know, Apple is incredibly innovative and proficient at expanding our tech horizons by building devices that communicate well with one another, and this credit card is no exception. This seems pretty great and honestly, it probably is. Marketed as a card "created by Apple, not a bank," the Apple Card was designed to seamlessly integrate with your Apple profile as just another beneficial Apple device to add to your stash. The inevitable has finally happened: Apple has its own credit card. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our
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