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Is the Goldman Sachs Apple Card good

This design choice lends itself to a rather minimalistic and sleek-looking card compared to competitors’ offerings. Applying for the card is a relatively quick and straightforward process.

Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. My credit score is 649 and ck is telling me that the odds of me getting this card is poor I really want this card to buy my new iPhone I have a iPhone but it still won’t work for me. For many people, the Apple Card delivers best-in-class rewards for a ton of physical and digital purchases from Apple—perfect for the company’s fans. Even better, everything else you buy through the App Store also falls under this category. That includes purchases and subscriptions to third-party apps like streaming services and VPNs. Having another cash back card to use as back up can help you avoid missing out on opportunities to earn maximum rewards. In terms of cardholder experience, this card is designed to make spending and managing your account as seamless and easy as possible.

  • Remember, though, without the Apple Cash Card, you can only redeem cash rewards as a statement credit against your Apple Card balance.
  • Those who use their card with Apple Pay receive additional cashback benefits in Apple Cash.
  • Because Apple Card doesn’t charge the many fees that other business and personal credit cards do, solopreneurs can more comfortably — and strategically — use it to make essential business purchases.
  • Read more about the pros and cons of this card in our Apple Card review.

Now that I’ve had it for more than three years, I wanted to update my review with my latest thoughts. Let’s take a look at what you need to know, including some more recent updates. Goldman Sachs is the issuer of the card and is responsible for underwriting, customer service, the underlying platform and all matters related to regulatory compliance through Goldman Sachs Bank USA. Approximately 90% of Apple Card’s material is titanium, with the remaining 10% of the alloy made up of aluminum. This is done to improve scratch resistance and durability of the card. You can start applying by clicking the plus-button in the top right corner.

How The Card Stacks Up

FinanceBuzz and CardRatings may receive a commission from card issuers. Again, this type of experience is similar to some popular budgeting apps — the only difference being that there’s no way to set up actual budgets or get alerts when you’re nearing them.

Our marketing partners don’t review, approve or endorse our editorial content. If you use Apple Pay every day and make a lot of purchases through Apple, the Apple Card might be worth picking up. However, if you’re looking for the best daily cash back card available, there are better options on the market right now.

Is The Apple Card Worth It For You?

You can view your purchases by category or merchant to see where you’re spending the bulk of your budget each month. You can also create easy-to-read summaries of weekly and monthly spending. Payments are always due on the last day of the month and Apple automatically sends payment reminders so you don’t miss your due date. Beyond that, you may like this card if you’re looking for cash back rewards with no annual fee and no foreign transaction fee.

You can even look at a spending summary by the week, the month or the year. Since the Apple Card offers cash back instead of rewards points, the cash back you earn is worth the exact dollar value you would expect. For example, earning 3 percent back on a $100 purchase would leave you with $3 in rewards, and the same purchase at the 1 percent back rate would leave you with $1 in rewards. If you’re interested in the Apple Card and you meet its requirements, apply and see what happens. If your application gets accepted, remember to use Apple Pay for as many purchases as possible to maximize your Daily Cash and take advantage of everything the Apple Card has to offer. With this feature, you can share your account with up to five people — one “Co-Owner” and up to four “Participants.” Everyone on the shared account can use your Apple Card and view their spending. Account owners and co-owners can see group members’ activity, set transaction limits and more.

Speaking of budgeting apps, one downside is that the Apple Card cannot be added to many aggregation services like Empower Personal Dashboard (formerly Personal Capital). We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or

The Apple Card might not make sense for every situation because its everyday earning value is heavily tied to using Apple Pay. But if you like Apple and often use Apple Pay, this card could be a good fit. I just applied and got approved with a generous CL ($10,000) with a note that my CL could be increased after a few purchases and on-time payments. I applied directly from Apple’s site and got an instant approval (less than 30 seconds).

Which Cards Compete With The Apple Card?

It’s a solid card, but if you shop around, you could find plenty of cards with higher cash back rates, sign-up bonuses, and/or more valuable 0% intro APR offers. Apple uses location services to map out your card purchases and assigns each expense a color and a category. For beginners just jumping into the world of credit cards and managing personal spending habits, this can help them visualize where money is spent each month. When Apple first announced its rewards credit card in August 2019, many people were excited about the prospect.