![]() Apple Pay has yet to be adopted by all merchants (and many who accept it don’t know how to process the transactions), and we estimate that most users - even Apple users - use Apple Pay for a small percentage of their purchases. Tip: Since the card offers 2% cash back on Apple Pay purchases, you could potentially earn 2% cash back on every purchase if you manage to use Apple Pay everywhere you shop. But keep in mind that unless you buy an exceptional number of Apple products each year or use Apple Pay heavily this is not going to add up to a ton of cash back. If you want to earn the most cash back possible, it may make sense to load the card into your iPhone and use it exclusively for Apple, Apple Pay and Uber. The Apple Card does have the edge over other cards on Apple and Uber purchases. If you are looking for a go-to cash back card, there are much better options. In comparison to cards such as the Chase Freedom Unlimited card, which offers at least 1.5% cash back on purchases, or the Citi® Double Cash Card, which offers up to 2% cash back – 1% when you make a purchase and 1% when paying off that purchase – a rate of 1.19% cash back is paltry. By our estimates, the overall rate at which the average cardholder can earn cash back with the card (around 1.19% per dollar spent) is really low compared with other top cash back cards. However, when we consider how much an average Apple enthusiast might spend on Apple products per year (around $726 for households with an income between $50,000 and $75,000 according to a 2015 study from Slice Intelligence), this still constitutes only a small portion of overall spend. Of course, Apple users are avid about purchasing Apple products, which can add up to a significant amount of spend each year. All the rest of your purchases earn only 1% cash back. Also, you can earn 3% cash back for Apple Pay purchases made at merchants like Panera Bread, Exxon Mobil, Nike, Uber, Uber Eats and Walgreens and at T-Mobile stores (not online). Cardholders receive bonus cash on Apple purchases: 3% cash back on everything you pay from Apple – including Apple Store,, App Store and iTunes purchases – and 2% cash back on Apple Pay purchases. One of the biggest drawbacks of the Apple Card is that its cash back program is not that rewarding. Here’s a breakdown of where the Apple card succeeds or falls short: Earning cash back ![]() For the remainder of cardholders, the card’s style points may not be enough. With a world of cardholders looking for the best cash back card, will a better user experience surpass the lure of earning more cash back with other cards? For rabid Apple users, it’s probably a moot point since they’re likely to snatch up any new Apple product. However, some of the functionality the company touts isn’t exactly unique (perhaps just better executed), and its underlying cash rewards program is underwhelming. Apple, which has put its own design flourish into the card, claims the card is more “simple, transparent and private” than your usual credit card and that “unlike other credit cards, helps you easily understand your spending.”Īnd it’s true: The card is a bit more user-friendly than the typical credit card. The card, which is made of titanium and laser etched with no card number, “sets a new level of privacy and security,” according to the company’s promotional video. Get personalized offers from our partners in seconds.Īpple makes a lot of bold claims about the Apple Card. Apple video cards update#Update July 31st, 11:58AM ET: Added additional information from Apple about the new gift card.Find card offers for you: This card is not currently available on , but you can still find a great card offer for you! Our CardMatch tool can help match you with prequalified offers and cards that align with your credit history – with no harm to your credit score. Apple has not said if or when it will offer the card in other countries. ![]() Apple tells The Verge that the gift card will be available through Amazon, Best Buy, Target, and Walmart. However, Apple appears to have removed the option to buy the older cards from its website.Ĭurrently, the Apple Gift Card is exclusive to the US. The Apple Store card and the App Store and iTunes card will continue to be valid as forms of payment, but the latter can now be used to purchase items from the Apple Store in addition to its previous functions, according to the gift card’s webpage. As with its previous cards, Apple allows you to choose the amount you want to add to the card. The design of the logo can change in total, there are eight designs for the digital card and five for the physical version. The Apple Gift Card also has a new look: it’s a white card with a colored Apple logo in the center. The Apple Gift Card is exclusive to the US
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