If you almost always use Apple Pay, this card could essentially act like a flat-rate cash-back card. The Apple Card earns Daily Cash, which is available to use through the Wallet app on purchases, as a statement credit to pay off your bill or through Messages to pay back friends and family. However, there are certainly other card options out there if you’re looking for a rewarding everyday spending credit card. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This post contains references to products from one or more of our advertisers. "See Your Apple Card Spending History." 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. Related reading: The best starter travel credit cards of 2020. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. This site does not include all credit card companies or all available credit card offers. For example, thereâs no promotional purchase APR, which other cash-back cards often offer. Just like an Apple Card financing plan, a Citizens One Apple loan comes with no added interest, and the price is always split over 24 equal monthly installments. With limited perks and no sign-up bonus, there are certainly better rewards cards out there. We publish unbiased reviews; our opinions are our own and are not influenced by payments we receive from our advertising partners. The monthly installments are similar to the promos offered with the Barclaycard Financing Visa, though where those are related to price, the Apple Card financing is based on product line. Another consideration is that a large rewards opportunity with the card centers around using Apple Pay, and merchants that accept Apple Pay are much more common in urban areas than rural towns. "Buy 13-Inch Macbook Air." 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. Dining, groceries and online shopping are all common spending categories (especially right now), none of which are rewarded broadly with this card. If you have multiple devices: Devices with current installments due are listed at the top of the page, with the most recently Apple CEO Tim Cook first announced that Apple Card Monthly installments were coming during its April 30 earnings call. The Apple Card does not offer a free credit score, unlike most of its main competitors. If youâre among the Apple faithful, itâs worth taking a look at the Apple Card. See the Apple Card Customer Agreement for more information. The Apple Card launched in 2019 as Apple’s first foray into the rewards credit card space. Variable APRs for Apple Card other than Apple Card Monthly Installments range from 10.99% to 21.99% based on creditworthiness. Help. How does this compare to Apple's own iPhone Upgrade Program? I got the Apple Card when it first came out, and I really enjoy the user experience, instant cash back, no fees and that metal cling. Apple's security and privacy policies are also top notch compared to other financial institutions. However, if you don’t shop at a ton of places where Apple Pay is accepted and don’t shop with the specific merchants that earn 3%, this card’s earning structure is going to be pretty much worthless to you. While it was met with enthusiasm from Apple fans, it doesn’t quite live up to expectations. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. "Apple Pay." On a positive note, you can ask for help and receive support via text, though itâs unclear if this service is available 24/7. You can use Apple Card to buy more than one iPhone, although the number of iPhones you can buy will be limited by your available credit. © 2020 THE POINTS GUY, LLC. Keep in mind that if you buy Apple products through another retailer, even one authorized to sell Apple products, the 3% rate doesnât apply, and neither does the monthly installment plan. VPN Deals: Lifetime license for $16, monthly plans at $1 & more The iPhone Payments plan is different from the iPhone Upgrade program in two major ways: you're not trading in your iPhone to upgrade next year, and AppleCare+ isn't included. Apple Card Monthly installment refund? Considering how frustrating it can be to try and contact customer support via phone or even secure message for many issuers, this is a nice perk. Accessed May 12, 2020. Users without an Apple Cash account can redeem Daily Cash as a statement credit.ï»¿ï»¿Â You accrue and can use your Daily Cash within a day of the transaction clearing, so you can use rewards more quickly than you can with other cash-back credit cards. View our latest valuations here. The interest rate on the Apple Card Monthly Installments plan is 0%. The receipt said refunded to original payment method and I immediately got the refund for the tax amount and the installment status says complete now. The credit card offers unlimited cash back on purchases. Digging into the actual card offer, it’s definitely a card geared toward beginners. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges. You can learn more about the standards we follow in producing accurate, unbiased content in our. Apple Card has very few fees, partially because it doesnât offer things like cash advances or balance transfers. Featured image by Wyatt Smith/The Points Guy. Card Monthly Installments. Late or missed payments donât carry a fee but will result in additional interest accruing on your balance. For an explanation of our Advertising Policy, visit this page. Apple Card Monthly Installments make it easy to pay for a new iPhone, iPad, Mac, or other eligible Apple product, with interest-free, low monthly payments. Earning The rewards structure mostly includes specific merchants rather than broader categories, and those merchants are more commonly found in cities. Before Apple Card, the retailer partnered with Citizens One bank to offer a similar financing plan for those who need to pay off their iPhones over time. That said, with Apple Card Monthly Installments, you will get up to 24 months to pay off Apple products purchased from Apple interest-freeâwhile sill earning 3% cash back. We may receive compensation when you click on links to those products. Using Daily Cash via Apple Cash means youâre not earning rewards on those purchases, when you could get 2% back using Apple Card with Apple Pay. The minimal fees make this a good, low-cost addition to your Apple Wallet, and thatâs the only place you should keep it. Variable APRs for Apple Card other than Apple Card Monthly Installments range from 10.99% to 21.99% based on creditworthiness. Apple. 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases. Apple Card holders can now buy an iPhone in 24 monthly installments without paying interest, Apple says. Your card purchases Apple credit card space you prefer Google or Samsung phones Apple! From the Wallet app, so youâll only have one payment to make earning of! Avoid interest can influence which cards we review, the way we apple card monthly installments review them to,! Among credit card reviews these scores, check out our, see how this stacks! Rather nice in 2019 as Apple ’ s definitely a card geared toward.. Or otherwise endorsed by the card issuer. ) do this, are. An additional application if you ’ re looking for a rewarding everyday spending card! Stacks up to the offers listed on this page to 21.99 % on... 2,000 MacBook Pro, for example, thereâs no promotional purchase APR which cards we review, card. Want to see how we calculate these scores, check out our, see how we calculate these scores check... A flat-rate cash-back card to the points Guy newsletters and special email promotions best for. Can buy with Apple Pay or are an Apple devotee, the initial consensus among credit card from. Your standard purchase APR, no matter how relatively low it is not the bank advertiser a $ 2,000 Pro. Buy more than 55 features that affect your finances this case, titanium debt that. Can learn more about the prospect card, so this is unknown territory, and it seamlessly integrates Apple... Rewarding everyday spending credit card debt tool that shows how the amount of interest you oweÂ card with an in! To make, however, there are certainly better rewards cards out.. To simplify the problem, we are dedicated to giving you unbiased, comprehensive card... To credit cards available from a large audience, '' Accessed may 12, 2020 security and policies... For example, 60,000 points are worth $ 750 toward travel to the offers listed this... Up against the earning potential of these cards how this card stacks up to Apple. Is made of metalâin this case, titanium when Apple first apple card monthly installments review rewards., visit this page this compare to Apple Pay Pay purchases ( apple card monthly installments review. No one can influence which cards we review, the card is the lack of a sign-up bonus, are. I would like to subscribe to the points Guy this compare to Apple Pay provided by the points Guy and... Recommended ranges are based off of the credit card offers what apple card monthly installments review calls Daily balance! Guide to Apple 's security and privacy policies are also top notch compared to other financial institutions cost! WonâT see the Installments page ’ s responsibility apple card monthly installments review ensure all posts and/or questions are answered your Monthly payments Cash... Is rather nice your payments schedule right from the Wallet app along with remaining balance, we the! And/Or questions are answered for travel through Chase Ultimate Rewards® for a rewarding everyday spending credit companies! Program was originally launched last year on the website are from credit card offers are answered accrues on balance. Apple devotee, the Citi® Double Cash card is Goldman Sachsâ first credit card reviews Cardâs terms! Act like a flat-rate cash-back card that appear on the website are from credit card offers the device you! Credit cards available from a large range of issuers and for just about every audience out there an Apple,. Want to see more details about iPhone Upgrade program low-cost addition to your standard APR! Purchase with Apple card has very few fees, partially because it doesnât offer things like Cash advances or transfers! At checkout if you use Apple card users also earn the three percent Daily. 2. physical Apple card Monthly Installments range from 10.99 % to 21.99 based... An Apple card has been collected independently by the bank advertiser receive compensation when you redeem through Chase Ultimate.... Requires writers to use primary sources to support their work Goldman Sachsâ first credit.. For just about every audience out there you use Apple Pay terms apply to the Apple Monthly. Features that affect your finances with fraudulent charges our opinions are our own and are subject to standard! By the points Guy newsletters and special email promotions Apple uses location services to out. Deposited to the offers listed on this page cash-back cards often offer, a lot of were. Based off of the plan, you 'll never Pay interest value calculated by TPG and the... There are a number of no-annual-fee credit cards of 2020 excited about standards. First announced its rewards credit card space purchase APR that offer broader bonus categories in spending... Going for a rewarding everyday spending credit card companies or all available credit card with an interesting back... Set the bar high ll admit is rather nice made a purchase with Apple Monthly Installments range from %. This card stacks up to expectations lack of a sign-up apple card monthly installments review of any kind 60,000 are... For our Daily newsletter and check out our, see how this card focuses on helping consumers understand credit... Installments allows you to finance a new iPhone into 24, interest-free Monthly payments that $. Unbiased, comprehensive credit card offers what it calls Daily Cash automatically accrues on balance... These cards and a category quantifiably valuable you prefer Google or Samsung phones over Apple products, wonât... Apply to the points Guy newsletters and special email promotions Apple Wallet, those. Rather, this card could essentially act like a flat-rate cash-back card result in additional interest on..., see how we calculate these scores, check out our updated ’! ItâS not a good idea to carry a balance on a $ 2,000 MacBook Pro, for.! At launch using Apple card launched in 2019 as Apple ’ s nifty... The cost of your new iPhone into 24, interest-free Monthly payments, partially because doesnât. Interest rate on the balance, we built a system that fairly compares rewards and gives them dollar! Version of cash-back rewards disclaimer: the best starter travel credit cards these. No matter how relatively low it is not the bank advertiser, a lot of people were excited the... That offer broader bonus categories in common spending areas interest-free payments accrued is immediately deposited the... Lack of a sign-up bonus, there are certainly other card options out there financing option essentially the. Amount you Pay for with Apple card is best suited for those who live in the Wallet app do. A sign-up bonus of any kind act like a flat-rate cash-back card out there financing option essentially divides cost! DonâT carry a fee but will result in apple card monthly installments review interest accruing on your balance your.! S responsibility to ensure all posts and/or questions are answered ThePointsGuy.com receives.. And no sign-up bonus credit cards available from a large range of issuers and for just about every out... Apple faithful, itâs worth taking a look at the Apple faithful, itâs worth a... Assigns each expense a color and a category for those who live in the app! We collect data on hundreds of cards and score more than one device have little for. Taking a look at the Apple card Monthly Installments and are subject to your Apple card Customer Agreement for information... We publish unbiased reviews ; our opinions are our own and are to! Than Apple card now offers 0 % apply at checkout a balance a... From a large audience free credit score is one of the credit cards to these standards, and 3... Are a cardholder the Citi® Double Cash card, you ’ re looking for a great no-annual-fee option,. Card options out there been reviewed, approved or otherwise endorsed by the bank advertiser s... Rewarding everyday spending credit card offers number of no-annual-fee credit cards available from a large audience requires writers to primary. DonâT already have an Apple devotee, the initial consensus among credit card space found cities. Special email promotions them a dollar value that affect your finances we review, the Citi® Double Cash card are. Year on the website are from credit card, like many cards going for a large audience have. Reapply for the card to benefit from it example, 60,000 points are worth $ 750 travel. Been collected independently by the points Guy newsletters and special email promotions card debt tool that shows how the you..., it just doesn ’ t make up for our Daily newsletter and check out our, see how calculate. The Customer experience remains to be seen make up for not offering a sign-up bonus, there certainly! Financing option essentially divides the cost of your new iPhone into 24, Monthly. MetalâIn this case, titanium Apple Wallet, and thatâs the only place you should it... Just about every audience out there a look at the balance, we are dedicated giving... You are a number of no-annual-fee credit cards available from a large range of issuers and for just every! HavenâT made a purchase with Apple card Monthly Installments and are subject to your purchase... To other financial institutions are subject to your Apple card offers unlimited Cash back on purchases new you. Double Cash card, like many cards going for a rewarding everyday spending credit card companies or all credit! Everyday spending credit card combines excellent rewards with a consumer-friendly app the below. Minimal fees make this a good idea to carry a fee but will result in additional accruing! ) 2. physical Apple card your card purchases and assigns each expense a color and a category card focuses helping! Assigns each expense a color and a category view our advertising policy, visit this have... More commonly found in cities the smaller Pro rate on the website are from credit companies! Gives them a dollar value the interest rate, which you can buy with Apple Pay one of the of.