Categories Credit Card

How Good Is The Apple Credit Card? (Perfect answer)

What are the benefits of the Apple credit card?

  • Excellent Awards Programme. The Apple Credit Card offers fantastic cashback opportunities.
  • No Fee Charge. Most banks charge an annual fee for possessing credit cards.
  • Offers Daily Cashback. Apple offers you the opportunity to get back a percentage of the amount you gave to purchase an Apple product.
  • User Friendly App.
  • Physical Titanium Card.

Is Apple Card a good card to have?

As of now, getting the Apple Card makes the most sense for you if you already use Apple Pay frequently for purchases and you like the idea of a fee-free card that offers cash-back options. You’ll get the best rewards rate when you spend on Apple Purchases or at the select handful of partner merchants that earn 3% back.

Why is Apple Card bad?

Earning cash back All the rest of your purchases earn only 1% cash back. Tip: Since the card offers 2% cash back on Apple Pay purchases, you could potentially earn 2% cash back on every purchase if you manage to use Apple Pay everywhere you shop.

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Is Apple Card bad for 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.

Does Apple Card build credit?

If you use your Apple Card responsibly, it can help you build your credit over time. As of this writing, the Apple Card reports credit activity to TransUnion and Equifax — two of the three major credit bureaus — and Apple may expand reporting to Experian in the future.

What is Apple Card credit limit?

Another factor folks need to consider is the credit limit for their Apple Card. Upon applying and being approved for the card, each user is given a set limit for how much money they can spend on it. This can be as little as $300, $1000, or as much as $5000 or more.

Is it difficult to get an Apple Card?

The application process for Apple Card is incredibly straightforward. Once you’re invited to apply, you can do so directly in the Wallet app on iPhone. Much of your information will be pre-filled based on your Apple ID.

What is special about Apple Card?

Unlimited Daily Cash It’s real cash, so unlike rewards, it never expires or loses its value. Your cash is deposited right onto your Apple Cash card in the Wallet app — not a month from now, but every day. And there’s no limit to how much you can get. Use it to buy things in stores, on websites, and in apps.

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Can I use Apple Card anywhere?

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

How long does Apple Card approval take?

It can take somewhere between 7-10 business days to get approved for the Apple Credit Card. In some cases, you could get immediately approved. If you do, you’ll get an offer with your initial credit limit and APR after applying.

How many credit cards is too many?

Credit scoring formulas don’t punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time.

Can you do monthly payments on Apple without Apple Card?

Apple is teaming up with Goldman Sachs to build an “Apple Pay Later” installment service. First reported by Bloomberg, this service will allow Apple Pay users to finance any purchase within a two-week interest-free period or a months-long period with interest—no Apple Card required.

Does Apple Card automatically increase credit limit?

How to request a higher credit line with the Apple Card. Goldman Sachs doesn’t offer automatic credit limit increases like many other issuers do, but you can request an increase on your Apple device by chatting with an Apple Card customer service representative.

Can I withdraw cash from my Apple credit card?

No. This is because there are no cash advance features available on the Apple Card. The Apple Card is a credit card and is only available to make purchases.

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Is there a minimum payment on Apple Card?

The Apple Credit Card minimum payment is $25 plus any past due amount, or 1% of your new balance plus interest and any unpaid daily cash adjustments billed to you each month. The sum of these is rounded up to the nearest dollar and any past due amount is added to it.

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