![]() ![]() If you don’t pay your balance in full, you’re subject to a variable APR between 13.24% and 24.24% based on your creditworthiness. Just note that late fees will result in additional interest. Not only is there no annual fee, but there are no foreign transaction fees or late fees, either. This card prides itself on its lack of fees. Read more: Best no annual fee credit cards Other fees Just make sure to use it once or twice every six months - some credit card issuers will proactively cancel your credit card if you never use it. The longer you keep the card, the more it will benefit your “credit history,” which is an important factor in improving your credit score. Or, even better, you can simply throw it in your sock drawer. If not, you can cancel it if you like - no harm done. You can take it for a test drive for a year and decide if it fits your lifestyle. That means there’s very little risk to opening it. The Apple Card doesn’t charge an annual fee. Read more: Best credit card sign-up bonuses Annual fee Chase Ink Business Cash® Credit Card - $750 bonus cash back after you spend $6,000 on purchases in the first 3 months after account opening.Īpple is confident enough in its ongoing card benefits to snub you on a welcome offer.Chase Freedom Unlimited® - An additional 1.5% on all purchases (up to $20,000 spent in the first year).Citi Custom Cash℠ Card - $200 in cash back after you spend $750 on purchases in the first three months of account opening.Contrast that with other no annual fee cards, such as: You’ll get no bonus incentive for opening the Apple Card. Well, more specifically, no sign-up bonus. Read more: Best cash back credit cards Sign-up bonus 1% Daily Cash for all purchases made with your physical Apple CardĪs you can see, if you don’t own an iPhone, the card greatly underperforms when compared to other no annual fee cash back credit cards.2% Daily Cash for all other purchases through Apple Pay.3% Daily Cash for purchases through Apple Pay with Apple, Ace Hardware, Duane Reade, Exxon, Mobil, Nike, Panera Bread, T-Mobile, Uber/Uber Eats, and Walgreens.You won’t have to wait until the end of your billing cycle like most other rewards cards. The Apple Card earns Daily Cash, which is cash back that deposits into your account the same day you earn it. ![]() Awful return rate for those who don’t use Apple Pay - You’ll receive a meager 1% cash back when you swipe your Apple Card instead of making your payment through Apple Pay.Rewards can only be used as cash - Many competing cash back cards provide the option to convert your rewards into airline miles and hotel points.No sign-up bonus - Most cards (even those with no annual fee) offer some form of sign-up bonus.Interest-free financing for Apple products - You can purchase a new Mac, iPhone, iPad, etc., via Apple Card Monthly Installments and pay no interest.No annual fee - This card is free to keep forever.Rewards are instant - The cash back you earn is deposited into your account the same day it’s earned.Decent return rate - You’ll get 3% cash back with a select few merchants and 2% back on all other purchases when using Apple Pay. ![]()
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