Apple Card Review

Disclosure: We are committed to recommending the best products for our readers. We may receive compensation when you click on links to products, but this never affects our reviews or recommendations.

If you’re among the Apple faithful, it’s worth taking a look at the Apple Card. The card, issued by Goldman Sachs, reserves its best rewards for Apple purchases and transactions made using Apple Pay, which makes it less of a physical card than it is an incentive program for using Apple’s proprietary technology. 

Apple Card

overall rating
3.5
Apple Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
  • Regular APR (%) 12.99% - 23.99% variable
  • Annual Fee No Annual Fee
  • Rewards Earning Rate Earn 3% for every $1 spent at Apple. Earn 2% for every $1 spent using Apple Pay. Earn 1% for every $1 spent on all other purchases.
  • Foreign transaction fee 0%
Ratings Breakdown
for Interest
1.0
for Rewards
1.9
for Credit
3.5

Who is This Credit Card Best For?

  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need
    Savvy Saver
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker

The minimal fees make this a good, low-cost addition to your Apple Wallet, and that’s the only place you should keep it. When making purchases outside of Apple or without Apple Pay, you’re better off with one of the many no-annual-fee cards that pay 1.5% or 2% cash back on all purchases and have a variety of benefits.

For example, there’s no promotional purchase APR, which other cash-back cards often offer. If you can pay the full price of a new Macbook within your billing statement, great—that’s more than $30 in Daily Cash for one purchase. But if you’re paying it off over time, this isn’t the card for that. 

Pros

  • Great rewards rate on Apple Pay purchases

  • Financial-management tools

  • Low end of APR range is among the best

Cons

  • Only worth it for Apple users

  • Sub-par rewards rate on non-Apple and non-Apple Pay purchases

  • Few benefits

Pros Explained

  • Great rewards rate on Apple Pay purchases: Seventy-four of the top 100 retailers in the U.S. accept Apple Pay and continues to add partners, most recently Uber. The company also says 65% of all retail locations in the country support the contactless transaction format, so if you shop at any of those places, you have a good opportunity to rake in rewards. The card’s rewards rate on Apple Pay purchases is on par with and sometimes better than the best flat-rate rewards cards on the market.
  • Financial-management tools: Apple brings its signature design standards to a product that lacks visual excitement—credit card statements. The interactive features offer a new way to understand credit card interest and how your payment behaviors affect it.
  • Low end of APR range is among the best: If you can qualify for it, the Apple Card APR is one of the lowest out there, especially when it comes to rewards cards. The high end of the range is relatively low, too, but you still don’t want to get caught paying that rate.

Aim to pay your credit card statement in full, even if you qualify for the Apple Card’s best terms. It’s not a good idea to carry a balance on a card with a double-digit APR, no matter how relatively low it is.

Cons Explained

  • Only worth it for Apple users: The card’s value comes from Apple Pay, which you can’t use without an Apple device.
  • Sub-par rewards rate on non-Apple and non-Apple Pay purchases: The physical Apple Card may look cool, but there’s no reason to carry it with you if you’re open to having more than one credit card. Cards like the Capital One Quicksilver or Chase Freedom Unlimited offer a better rewards rate on all purchases.
  • Few benefits: As a financial tool, this card offers little beyond the rewards on Apple purchases and Apple Pay. If you’re looking for a sign-up bonus or features like a free credit score or rental car insurance, this isn’t the card for you.

Earning Points & Rewards

The Apple Card offers what it calls Daily Cash, its own version of cash-back rewards. Cardholders earn 3% Daily Cash on Apple purchases, 2% on purchases made with Apple Pay, and 1% on purchases made at merchants that don’t accept Apple Pay. (The physical card, like many cards going for a high-end look, is made of metal—in this case, titanium.)

Apple Card does not limit the amount of Daily Cash you can earn, and Daily Cash does not expire. If you have unredeemed Daily Cash if and when you close the account, Goldman Sachs will either credit it to your account, send it to you electronically, or mail you a check.

Redeeming Rewards

Daily Cash automatically accrues on your Apple Cash card, which you can then use on anything that you pay for with Apple Pay. Users without an Apple Cash account can redeem Daily Cash as a statement credit. 

How to Get the Most Out of This Card

Use the Apple Card for purchases directly with Apple, including music and apps. Keep in mind that if you buy Apple products through another retailer, even one authorized to sell Apple products, the 3% rate doesn’t apply. Other than that, use it at retailers that accept Apple Pay, unless you have a rewards card that earns a higher rate at that type of vendor. For example, if you have a card that gives you more than 2 points per $1 spent on entertainment, even if the movie theater you go to accepts Apple Pay, use the other card to buy your tickets.

Maximize rewards by redeeming Daily Cash as a statement credit. Using Daily Cash via Apple Cash means you’re not earning rewards on those purchases, when you could get 2% back using Apple Card with Apple Pay.

Apple Card’s Other Features

  • Budgeting tools
  • Credit card debt tool that shows how the amount you pay each month affects the amount of interest you owe 

Customer Experience

Apple Card is Goldman Sachs’ first credit card, so this is unknown territory, and the customer experience remains to be seen. On a positive note, you can ask for help and receive support via text, though it’s unclear if this service is available 24/7. The Apple Card does not offer a free credit score, unlike most of its main competitors.

Security Features

  • Number-less credit cards: Both the physical and virtual Apple Cards have no numbers on them. For non-Apple Pay transactions on apps or websites requiring a card, the Wallet app or Safari web browser autofills a virtual card number.
  • Integrated map data: Tap a transaction you don’t recognize to pull it up in Maps and see where it occurred.

Fees

Apple Card has very few fees, partially because it doesn’t offer things like cash advances or balance transfers. Late or missed payments don’t carry a fee but will result in additional interest accruing on your balance. Merchants in dozens of countries accept Apple Pay, so if you find Apple Pay acceptance abroad, you’ll be happy to know the Apple Card doesn’t charge a foreign transaction fee.

For Apple Card

Compare This Card

See how this card stacks up to the competition
CURRENT CARD
Apple Card
overall rating
3.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
  • Regular APR (%) 12.99% - 23.99% variable
  • Annual Fee No Annual Fee
  • Rewards Earning Rate Earn 3% for every $1 spent at Apple. Earn 2% for every $1 spent using Apple Pay. Earn 1% for every $1 spent on all other purchases.
< Prev
  • {{ item.creditCardView.name }}
    overall rating
    {{ formatScore(item.creditCardView.overallScore) }}
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    {{ rangeLabel(item) }}
    • {{ getAttribute(item, 'regularApr').displayName }} {{ attributeValueFormat(item, 'regularApr') }}
    • {{ getAttribute(item, 'annualFeeYear1Currency').displayName }} {{ attributeValueFormat(item, 'annualFeeYear1Currency') }}
    • {{ getAttribute(item, 'introPurchaseAprPercentage').displayName }} {{ attributeValueFormat(item, 'introPurchaseAprPercentage') }}
  • Capital One® Quicksilver® Cash Rewards Credit Card
    overall rating
    4.8
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 16.24% - 26.24% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate 1.5 % Cash Back on every purchase, every day.
  • Capital One® SavorOne℠ Cash Rewards Credit Card
    overall rating
    4.8
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 16.24% - 26.24% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn 3% Cash Back on dining, 3% Cash Back on entertainment, 2% Cash Back at grocery stores, and 1% Cash Back on all other purchases.
  • Capital One® VentureOne® Rewards Credit Card
    overall rating
    4.8
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 14.24% - 24.24% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn 1.25 miles per dollar on every purchase.
  • Discover it® Miles
    overall rating
    4.7
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 14.24% - 25.24% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn unlimited 1.5x Miles for every dollar spent on all purchases
  • Chase Freedom Unlimited®
    overall rating
    4.6
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 17.24% - 25.99% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • Bank of America Cash Rewards Credit Card
    overall rating
    4.5
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 16.24% - 26.24% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn up to 3% cash back in the eligble category of your choice.
  • Chase Freedom®
    overall rating
    4.5
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 17.24% - 25.99% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
  • Blue Cash Everyday® Card from American Express
    overall rating
    4.4
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 14.99% - 25.99% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn 3% back at U.S. supermarkets, on up to $6,000 per year in purchases, 2% back at U.S. gas stations & select U.S. department stores, and 1% back on other purchases.
  • Amex EveryDay® Credit Card
    overall rating
    4.4
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 14.99% - 25.99% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn 2x points at US supermarkets on up to $6,000 per year. Earn 1 point for other eligible purchases.
  • Bank of America Travel Rewards Credit Card
    overall rating
    4.4
    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
    Good - Excellent
    • Regular APR (%) 17.24% - 25.24% variable
    • Annual Fee No Annual Fee
    • Rewards Earning Rate Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere.
Next >

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.