Appearing on the 6th anniversary of Apple Card's debut, it has proven to be a very popular credit card. If you are considering applying for an Apple Card, there is everything you need to know.
Apple Card Quick Facts
- Directly apply and manage it with the iPhone wallet app
- Get free Apple designed titanium cards
- There are no postponement fees
- There is no limit
- There are no foreign transaction fees
- Created by Apple on a financial backend powered by Goldman Sachs
- All payments to pay on the last day of the month
- Please check if it is approved with soft credit checks only
- Apple Card Savings Account
What is daily cash?
“Daily Cash” is a cashback that Apple earns when purchasing an Apple Card. Earn daily cash immediately after purchasing on Apple Card balance. Unlike many other cashback cards, this does not give you cashback until the end of each statement cycle.
By default, daily cash is deposited directly into your Apple Cash balance. Apple Cash is another card in the wallet app, Apple's competitor to other payment services such as the Venmo and Cash apps.
Money in your Apple Cash account can be used to purchase Apple Pay, sent via message to friends and family, or transferred to a linked bank account. You can also use Apple Cash Funds to repay the balance of your Apple Card itself.
Another option available is to immediately apply daily cash rewards to your Apple Card balance. This works if you don't have an Apple Cash account.
Most recently, Apple launched an Apple Card Savings account. This is a new feature exclusively for Apple card users. You can instantly deposit your daily cash into a savings account.
How much cash can I earn every day?
Apple cards come with a range of rewards and perks that are attractive for a number of different reasons. The headline feature is that you can earn an “unlimited day cashback” on every purchase. However, the amount of cashback will vary depending on where and how you purchase the purchase.
- 3% cashback on all purchases from Apple Stores, Apple websites, and all purchases from Apple services such as the App Store, iTunes, Apple Music and Apple TV+
- 2% daily cashback on all purchases created using Apple Pay online and in-store
- One day cashback on all other purchases
You can also earn 3% cashback daily when making purchases with Apple Pay at the choice of a specific store or retailer.
- Ace Hardware
- Booking.com
- ChargePoint
- Duane Reade
- Exxon and Mobil gas station
- Nike
- T-Mobile
- Uber
- Uber eats
- Walgreen
This is an impressive collection of places where you can unlock a 3% cashback when you purchase. Additionally, the 2% cashback on Apple Pay purchases coincides with many of the best cashback cards currently on the market.
Monthly installment payments for your Apple Card
Another perk with Apple Cards is the “Monthly installment” feature, allowing you to fund your Apple product purchases over time with zero percent interest.
For Apple Card users, the Apple Card Monthly Instruction finance option is displayed. You can use this option to fund almost any Apple product, including all of Apple's major product categories.
- iPhone: 24 months of finance
- MAC: 12 months of funding
- iPad: 12 months of funding
- Apple Vision Pro: 24 months of funding
- Apple Watch: 24 months of funding
- AirPods: 6 months of finance
- Apple TV 4K: 6 months of finance
When you trade on your iPhone for a new iPhone purchase, the value of that trade-in is instantly deducted from the purchase price of your new iPhone, reducing monthly installments.
You will also earn 3% cash per day with monthly installments on all Apple Cards. For example, if you buy an iPhone 14 for $799, you'll get 3% cash per day, or about $24, which you've deposited right away, even if you haven't actually paid for the device.
There is no need for approval process for monthly installments on your Apple Card. Instead, your installment balance counts against your Apple Card's overall credit limit. For example, if you have a $5,000 credit limit and you fund your iPhone 14 from Apple, the cost of that iPhone 14 will be deducted from the overall credit limit.
Apple Card Security and Privacy
Apple Card also offers several security and privacy features that help protect your information and finances to prevent unauthorized transactions.
- Advanced fraud protection: Your card security code will automatically refresh every day.
- There is no card number or security code on the physical card itself.
- Ability to lock your Apple Card via the Wallet App
- Real-time transaction notifications via wallet app
Apple Card Sign Up Bonus
From now until March 21st, Apple is offering a rare sign-up bonus on your Apple cards. “If you get a new Apple card by March 21st and make more than 10 purchases per month, you'll earn a $20 bonus cash every day. Now until December 31st. Apply in just a few seconds.”
you Must apply via this link To qualify for the Sign Up Bonus.
Apple Card Savings Account
Another feature exclusive to Apple Card users is your Apple Card Savings account, supported by Goldman Sachs.
Your Apple Card Savings account offers the convenience of automatically depositing your daily cash rewards into your account. Earn daily cash with your Apple Card and the fund can be easily transferred to a high-yield savings account within the wallet app.
In addition to directly depositing daily cash into a savings account, Apple Card users can also deposit additional money using a linked bank account or Apple's cash balance.
As of March 17, 2025, Apple Card Savings accounts offer 3.90% APY. This is more than 10% of the national average. This matches the rates Goldman Sachs offers Through your own Marcus Savings accountYou can get a bonus rate With this link Limited time.
Do I need to get an Apple Card?
Now that we've performed the benefits and features of an Apple card, we can talk about whether it's worth it.
For cards with no annual fees, Apple cards offer attractive perks and reward options. Especially for those who spend a significant amount of money directly on Apple.
Apple cards are valuable if the following applies to you:
- I'm not worried about the possibility of a one-off hit with my credit score.
- Apple Pay is widely accepted as a payment option from shops and websites where you shop.
- Purchase products from Apple, App Store, and Apple Services.
- You can use your Apple Card monthly installment options responsibly with 0% financing of your Apple products.
- We value the ability to manage everything through the iPhone wallet app.
- There is also a web interface for Apple cards, but the wallet app is the best way to manage your Apple cards.
However, this does not mean that your Apple card is a required credit card. There are equally competitive cashback options from Chase, Citi, Discover, and more.
In particular, you can apply for an Apple card and See credit limits and interest rates offered without affecting your credit score.
What do experts think?
I had the opportunity to talk to Emmanuel Crubisier, the developer of Popular CardPointers Appabout the Apple Card. CardPointers is a great app It helps you maximize your credit card rewards for iPhone, iPad and Mac.
Good reward cards have many more benefits. Chase Freedom, Sapphire is desirable, City Premier or Amex Gold Card. These cards allow you to earn points that can be transported, travel to airlines and hotels, and earn more value from the points you earn. Also, Point Multi-Rear in most categories is much higher than Apple cards.
You can earn the most Apple Card at 3% at the time of purchase, but with the cards I mentioned, you can go back to 5x points in several categories such as restaurants, gas stations and more. These points are even more valuable as they can be exchanged for something like business class seats to Europe.
If someone is spending $10,000 on an Apple card in a year, they'll get back for up to $300, but the same $100,000 spend on a good reward card can earn 50,000 points. These points are worth more than 4C with good redemption. This means the actual value is $2,000. Literally, it's seven times more worth it from using a great reward card. This is what CardPointers helps users do.
Even if you want to focus on cashback, other cards can earn the same cashback as Apple cards in more categories and merchants. As Apple Cards want to further improve their revenue categories and see more and more banks trading directly with specific merchants in the form of advertising, we'll look at more cards on all cards and look further as their new revenue stream.
9to5mac Readers can Save 50% off Normal Prices for CardPointers Get a $100 savings card as a sign-up bonus.
summary
As always, credit cards are just a wide range of financial tools for paying them back each month. Once you start to have a balance and pay interest, your credit card company is making money from you. The reward you receive will never exceed the interest rate.
Personally, I think an Apple Card is the best option for purchasing Apple Pay and Apple Pay of your choice. But my daily driver continues to be like that American Express Gold Card and Blue Business Plus.
Another thing to consider is that Goldman Sachs appears to withdraw its ties with Apple, so Apple cards could change soon. Read more about the drama.
What do you think about Apple cards? Are you already an Apple Card user or are you considering applying? Please let us know in the comments.
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