What Are The Perks of the New Apple Card?

Written By Mary Beth Eastman
Last updated September 12, 2019

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September 11, 2019

Simple. Thrifty. Living.

If you’re looking for a new, tech-savvy credit card, then Apple’s new credit card may be right up your alley. On March 25th, 2019, Apple announced the launch of one of it’s latest product: the Apple Card. This credit made it’s debut this past summer and offers a whole host of benefits. Check out some of the key perks the Apple Card brings:

One of the major benefits of the Apple Card is that it integrates with Apple’s existing products. You just sign up via your iPhone and get to use the card immediately once approved. You also get a physical card you can use in stores. The Apple Card is also easy to use with Apple Pay since it’s already available via the Wallet app. That means you’ll be able to use your iPhone to pay for your products and charge it to your Apple Card. Also, each purchase requires either a TouchID or FaceID verification for enhanced security.

Apple also rewards you with Daily Cash just for using your Apple Card. Unlike other credit card rewards programs, such as Chase Freedom Unlimited or Citi Double Cash, Daily Cash is actual cash you can accrue daily—not points that you have to convert. This makes it easy to understand how much money you can use. The cash you earn pays you back up to three percent of what you spend with your Apple Card. You can use it to spend with Apple Cash card or as a credit to your statement.

If you want to stay out of debt, it’s important to be clear about the terms of your contract with card companies. What Apple does differently than other credit cards is that it makes its privacy practices and terms of agreement simple to read and easy to find. Also, if you have a question about your statement, you can easily contact Apple via Messages right from your phone. You also get a summary of your spending based on the week or month to track your spending habits. Apple Card also uses the Maps app to provide a visual representation of where you’re spending your money.

Apple dubs itself as “the first card that encourages you to pay less interest.” The card does not charge penalty interest and is also void of over-the-limit fees, annual fees, late fees and international fees. The card also gives you the chance to schedule payments often so you can reduce how much interest you pay.

With Apple’s new credit card, you’ve got more options to make payments. But it’s important to manage your finances by paying attention to the terms, including the interest rates. Luckily, Apple offers ways to reduce interest payments. By keeping money management best practices in mind, you can enjoy the slew of benefits the Apple Card brings without worrying about digging yourself into debt.

About the Author

Mary Beth Eastman

Mary Beth Eastman serves as the content manager for Simple. Thrifty. Living, where she is dedicated to helping readers use money and credit wisely. Mary Beth believes that access to the right financial information paired with a growth mindset are essential tools for getting out of debt and building wealth. Mary Beth has a degree in Journalism from Bowling Green State University and has focused her 20-year journalism career on putting readers front and center, carefully considering their concerns and presenting information that will help them in their everyday lives. She has won numerous statewide journalism awards. Her writing on personal finance as been featured on numerous websites in addition to Simple. Thrifty. Living, including Huffington Post and Lexington Law blog. Mary Beth resides in Pittsburgh, Pa., with her family and two rescue dogs.

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