You might consider the Apple Card if you are in search of a new credit card. You should be aware of a few things before applying. If you have a low credit score, you might not get approved. You must get rid of any credit freezes on your account before you apply. Your best chance of approval is to pay your debts. This will increase your credit score. Your income-to-debt ratio should be reduced to make your application more appealing.
No annual charge
For those who are looking for a non-annual-fee credit cards, the Apple Card is an excellent option. There is no annual fee, foreign transaction fee or late payment fee. It doesn't charge surprise fees or reward redemption fees. Apple claims this allows cardholders a greater focus on paying down their balances.
Apple Card applicants must have good credit in order to be approved. You must have a high score on credit to qualify. But, if you don’t, you might be denied. To be sure, request a complimentary copy of your credit file. Check for errors that could harm your credit score. Before applying for an Apple Card, you should unfreeze your credit freeze.
There are also other no-fee credit cards available. Apple Card is the only one that doesn't charge an annual fee. This card does not require an annual fee and also offers travel discounts, upgrades and golf discount. However, it does not offer purchase protection or extended warranties. The company offers a Disaster Relief Program to those who have been affected by natural disasters. The card also comes with a two-month 0% interest rate. Advanced Fraud Protection is an additional security feature in iOS 15. It protects your Apple Card information. The software will regularly change the three-digit security number, making it more difficult to steal your account information.
No foreign transaction fees
Apple Card users don't have any foreign transaction fees to worry about. Apple's credit card doesn't charge any fees for international transactions, and you'll earn 2% on all purchases, even overseas. You will also receive your rewards as soon as the transaction is posted.
Apple Card doesn't have any over-limit fees or late fees. The annual fee is $0 And unlike many other credit cards, you'll never be charged an interest rate because the Apple Card estimates your interest amount based on your payment amount. This feature allows you to pay down your balance sooner.
Apple Card requires an iPhone with face ID or fingerprint technology in order to use it. This feature isn’t available on older iPhones models. However you can still use an iPhone 5s/6 to sign up. Early betting indicates that you'll need an iPhone 8 (or higher). You will need to update to an iPhone 8 or iPhone 7 if you are already using one of these models.
Unlimited Daily Cash Reward
You can get unlimited daily cash rewards with an Apple Card. Apple Pay allows you to use the daily cash that your Apple Card earns. You can use the cash to build your balance, or you can send it as a gift to family and friends. You can even transfer it to your bank or any Visa debit card. The program is completely free for anyone with an Apple device.
Apple Card is different than other cash-back credit cards. It awards Daily Cash. This is the amount that accumulates in your rewards accounts every day. Contrary, cash back credit card offer cash back points and cash back at the end the month. Daily Cash offers cash back that increases with each purchase.
Apple Card users can receive unlimited Daily Cash rewards and Apple Card points for every purchase made via the App Store or online. Also, you can get 3% back on purchases at select merchants. And because Daily Cash is calculated every day, you can easily get access to your money without any hassle. Apple Card users will never be subject to a foreign transaction fee or late fee.