For Apple fans the smartphone giant had issued the Apple Card together with Goldman Sachs. The Best Rewards are available for Apple purchases and transactions that are being made using the Apple Pay.
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The Apple Credit Card offers a low APR, great Rewards but only for Apple purchases, and this is why is only worth for Apple users because the Rewards for purchases made outside the Apple environment a very low, only 1% back cash made with the physical card.
The Apple Credit Card is available on your iPhone, in the Wallet app, has no annual fee, and you can buy a new iPhone and pay for it with interest-free monthly payments.
The Apple Credit Card Rewards:
– 3% Cash back on everything you buy from Apple
– 3% Cash back when you use Apple Card with Apple Pay at Uber, Uber Eats, Walgreens, Duane Reade, Nike, and T-Mobile stores
– 2% Cash back anytime you buy something using Apple Card with Apple Pay
– 1% Cash back if you find a store, a website, or an app that doesn’t take Apple Pay yet, including the other purchases with the physical card
The drawbacks include the requirement to have an iPhone, and if you don’t have an up-to-date iPhone, you won’t be able to use the new Apple Card. This means that if you use an Android phone you can’t access the Apple Card.
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The Apple Card is not your best option if you’re looking for ways to earn travel miles or points for flights, hotel stays, or car rentals.