Apple Card

Quick Snapshot

• Annual Fee: $0
• APR: 18.24%–28.49% variable
• Rewards: 3% on Apple/select merchants, 2% on Apple Pay, 1% on physical card
• Bonus: None
• Best For: Apple ecosystem users, iPhone owners, privacy-focused consumers
• Credit Needed: Good to Excellent (670+)

Overview

The Apple Card represents Apple's bold entry into financial services, designed exclusively for iPhone users with an emphasis on privacy, transparency, and seamless integration with Apple's ecosystem. Issued by Goldman Sachs Bank USA (potentially transitioning to JPMorgan Chase), this credit card reimagines the traditional card experience with Daily Cash rewards that arrive immediately, not monthly.

What sets Apple Card apart is its unique approach to rewards and user experience. Instead of waiting for monthly statements, you receive Daily Cash back every day—real cash that lands in your Apple Cash card instantly, ready to spend, save, or send to friends via Apple Pay. The card features no fees whatsoever: no annual fee, no foreign transaction fees, no late fees, and no over-limit fees.

The physical titanium card is beautifully designed with no visible card number, CVV, or signature—enhancing security and privacy. Most transactions happen digitally through Apple Pay, where you earn 2% Daily Cash on every purchase. For Apple purchases and select partner merchants like Nike, Uber, Walgreens, and T-Mobile, that rate jumps to 3%.

APR Breakdown

• Purchase APR: 18.24%–28.49% Variable (based on creditworthiness, effective July 1, 2025)
• Balance Transfer APR: Same as Purchase APR
• Cash Advance APR: Not applicable (Apple Card does not support cash advances)
• Penalty APR: None—Apple Card doesn't charge penalty APR for late payments

Note: Apple Card takes a customer-friendly approach with no penalty APR. Your rate is determined at account opening and won't increase due to late payments. However, interest still accrues on unpaid balances.

Benefits Overview

Apple-Exclusive Features

• Daily Cash: Rewards deposited daily to Apple Cash card, not monthly
• Apple Wallet Integration: Manage card entirely through Wallet app on iPhone
• Real-Time Notifications: Instant purchase alerts with merchant names and locations
• Spending Insights: Weekly and monthly summaries with color-coded categories
• Payment Flexibility: Choose payment amounts and see interest costs in real-time
• Family Sharing: Share Apple Card with family members (co-owners or authorized users)

Privacy & Security

• Enhanced Privacy: Apple doesn't track purchases or share data with third parties
• Secure Transactions: Face ID, Touch ID, or passcode required for all purchases
• No Visible Card Details: Physical card has no numbers, CVV, or signature
• Virtual Card Numbers: Unique card numbers for online shopping
• Two-Factor Authentication: Additional security layer for account access

Apple Ecosystem Benefits

• 0% Financing on Apple Products: Interest-free installment plans for iPhones, iPads, Macs, Apple Watches, AirPods, and more
• Apple Cash Integration: Instant access to Daily Cash for spending or savings
• Apple Savings Account: High-yield savings account (4.50% APY as of 2025) with no fees
• Seamless Payment: Use Daily Cash immediately for Apple Pay purchases

Financial Wellness

• No Fees Ever: No annual, late, foreign transaction, over-limit, or returned payment fees
• Interest Calculator: See how much interest you'll pay before making payment
• Payment Scheduling: Schedule payments in advance
• Payment Reminders: Notifications to help avoid missed payments

Purchase Protections

• Extended Warranty: Adds one year to eligible manufacturer warranties (up to $10,000 per occurrence, $50,000 per year)
• Purchase Protection: Covers theft or accidental damage within 90 days ($1,000 per occurrence, $50,000 per year)
• No Foreign Transaction Fees: Use worldwide without additional charges

Rewards & Earning Structure

Daily Cash Earning Rates

• 3% Daily Cash:

  • All purchases directly from Apple (Apple Store, App Store, iTunes, Apple.com, subscriptions)
  • Select merchant partners: Nike, Uber, Uber Eats, Walgreens, Duane Reade, T-Mobile, Panera Bread, Ace Hardware, ExxonMobil, and more
  • Growing list of participating merchants

• 2% Daily Cash:

  • All purchases made using Apple Pay (tap to pay with iPhone or Apple Watch)
  • Anywhere Apple Pay is accepted worldwide

• 1% Daily Cash:

  • Purchases made with the physical titanium card (when Apple Pay isn't available)

How Daily Cash Works

Unlike traditional credit cards that pay rewards monthly, Apple Card deposits Daily Cash into your Apple Cash card every day. Your cash back is:

• Available immediately for Apple Pay purchases
• Transferable to your bank account (no fees, 1-3 business days)
• Savable in Apple Savings Account at 4.50% APY
• Sendable to friends and family via Apple Cash
• Redeemable as statement credits to pay down your balance
• Never expiring and with no minimum redemption

0% Financing Offers

Apple Products:

• iPhones: Up to 24 months at 0% APR
• iPads, Macs, Apple Watches, AirPods, HomePods, Apple TV: Up to 12 months at 0% APR
• Split purchases into monthly installments with no interest
• View payment plans directly in Wallet app

How it works: When you buy Apple products with Apple Card, you can choose to pay monthly with 0% interest. Your installment amount is added to your monthly payment, and you continue earning Daily Cash on the purchase.

Welcome Bonus

None. The Apple Card does not offer a sign-up bonus.

Apple focuses on daily rewards and seamless experience rather than upfront bonuses. However, the Daily Cash you earn from day one provides immediate, ongoing value.

Fees Summary

• Annual Fee: $0
• Foreign Transaction Fee: $0
• Late Payment Fee: $0 (interest still accrues on unpaid balances)
• Over-Limit Fee: $0
• Returned Payment Fee: $0
• Cash Advance Fee: N/A (card doesn't support cash advances)
• Balance Transfer Fee: $0

Note: Apple Card has no fees whatsoever, making it one of the most fee-friendly cards available. However, standard interest rates apply on balances carried month-to-month.

Who This Card Is Best For

Ideal For

• iPhone users deeply integrated in the Apple ecosystem
• Apple product enthusiasts who regularly purchase Apple devices and accessories
• Apple Pay frequent users who tap to pay whenever possible
• Privacy-conscious consumers valuing data protection
• Fee-averse individuals wanting zero fees across the board
• First-time credit card users seeking simple, transparent card management
• Those financing Apple products taking advantage of 0% APR installment plans
• High-yield savings seekers combining card with Apple Savings Account (4.50% APY)

Not Good For

• Android users (card requires iPhone; cannot apply or manage without iOS)
• Those who don't use Apple Pay (only 1% on physical card purchases)
• Welcome bonus seekers (no sign-up bonus offered)
• High-reward maximizers (1-3% rates are modest compared to category leaders)
• Cash advance needs (Apple Card doesn't offer cash advances)
• Those preferring physical cards (best value comes from Apple Pay usage)
• Travelers to places with limited Apple Pay (fall back to 1% with physical card)

Key Pros & Cons

Pros

• Daily Cash deposited daily, not monthly—access rewards immediately
• Absolutely no fees of any kind (annual, foreign transaction, late, over-limit)
• 3% Daily Cash on Apple purchases and growing list of merchants
• 2% on all Apple Pay purchases worldwide
• Seamless integration with Apple Wallet and iPhone
• Beautiful titanium physical card with enhanced privacy (no visible numbers)
• 0% financing on Apple product purchases (up to 24 months)
• Enhanced privacy—Apple doesn't track or sell your data
• Real-time spending insights and intelligent payment suggestions
• Apple Savings Account integration with 4.50% APY
• No penalty APR for late payments
• Extended warranty and purchase protection included

Cons

• Requires iPhone—cannot apply or manage without iOS device
• No welcome bonus or sign-up offer
• Only 1% Daily Cash when using physical card (lowest tier)
• 3% merchant list is limited compared to broader category cards
• No travel benefits (no lounge access, no travel insurance beyond extended warranty)
• Cannot earn points/miles transferable to airlines or hotels
• Modest rewards rates compared to specialized cards (many offer 2%+ flat rate)
• Issued by Goldman Sachs (potentially transitioning to JPMorgan Chase, which may change terms)
• No cash advance option
• Limited value for those who don't regularly use Apple Pay

Alternatives to Consider

Card	Best For	Annual Fee	Rewards	Welcome Bonus
Citi® Double Cash Card	Simple 2% flat rate	$0	2% on all purchases	$200 bonus
Capital One SavorOne	Dining & entertainment	$0	3% dining/entertainment, 1% other	$200 bonus
Chase Freedom Unlimited®	Bonus categories	$0	1.5%-5% categories	$200 bonus
Wells Fargo Active Cash® Card	2% flat + intro APR	$0	2% unlimited	$200 bonus

How the Rewards Add Up

Example Annual Value (Heavy Apple Pay User)

Assuming $15,000 annual spending with frequent Apple Pay usage:

Category	Annual Spend	Reward Rate	Daily Cash Earned
Apple purchases (devices, apps, subscriptions)	$2,000	3%	$60
Apple Pay purchases (dining, retail, gas)	$10,000	2%	$200
Physical card purchases (where Apple Pay not accepted)	$3,000	1%	$30
Total Annual Value:	$15,000	—	$290

Example Annual Value (Light Apple Pay User)

Assuming $15,000 annual spending with minimal Apple Pay usage:

Category	Annual Spend	Reward Rate	Daily Cash Earned
Apple purchases	$1,000	3%	$30
Apple Pay purchases	$4,000	2%	$80
Physical card purchases	$10,000	1%	$100
Total Annual Value:	$15,000	—	$210

Adding Apple Savings (4.50% APY)

If you deposit your Daily Cash into Apple Savings Account:

• Earn additional interest on accumulated rewards
• Potential annual interest: $13+ on $290 average balance
• High-yield savings without additional effort

Note: Your rewards depend heavily on Apple Pay usage. Maximize 2% by using tap-to-pay whenever possible.

Should You Get This Card?

You Should Get It If...

• You're an iPhone user deeply embedded in the Apple ecosystem
• You frequently use Apple Pay for purchases at stores, restaurants, and online
• You regularly buy Apple products and want 0% financing
• You value privacy and don't want your purchases tracked or sold
• You want a fee-free credit card experience (no fees of any kind)
• You appreciate daily rewards rather than waiting monthly
• You want to combine credit card rewards with high-yield savings (Apple Savings 4.50% APY)
• You're looking for a simple, transparent card with excellent app integration
• You value beautiful design (titanium card is stunning)

You Should Skip It If...

• You use Android or don't own an iPhone (card requires iOS)
• You rarely use Apple Pay and primarily use physical cards
• You're seeking a welcome bonus (this card has none)
• You want higher rewards rates (2%+ flat or 5% rotating categories)
• You need travel benefits like lounge access or travel insurance
• You want to transfer points to airline/hotel partners
• You don't buy Apple products regularly (limited 3% opportunities)
• You prefer traditional credit card management through bank websites

Apply Now

Apply for Apple Card

Note: Application must be completed on an iPhone through the Wallet app. Visit apple.com/apple-card on your iPhone to apply.

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Information accurate as of December 2025. Terms and conditions apply. Please visit the issuer's website for the most current information.