Advertisement
credit & debt

Cash-Back Card Coming for Apple Fans

But rival rewards cards are a better deal for non-Apple purchases.

Close to five years after the launch of Apple Pay for iPhone users, Apple has introduced a credit card built into its mobile wallet. Though the card looks cool and has high-tech features, other rewards cards already on the market may be a better deal. Apple encourages users to pay with their phone everywhere Apple Pay is accepted and to use the physical card when that’s not an option. The card will be available in the U.S. this summer.

Rewards are Apple-friendly

You get 3% cash back on what you spend at the Apple Store, Apple.com, the App Store or iTunes; 2% for purchases made with Apple Pay; and 1% for purchases of non-Apple or non–Apple Pay items using the physical card.

Interest rates are typical

13.25% to 24.24%, depending on creditworthiness.

Extra credit for privacy/security

Account number is stored on the card­holder’s smartphone. Cardholders use Face ID or Touch ID to authorize purchases.

It’s fee-free

No annual, late, over-the-limit, cash-advance or foreign-transaction fees.

It’s titanium

The card weighs less than traditional metal credit cards but is less likely to suffer wear and tear compared with plastic cards.

Cash is paid instantly

Rewards are loaded to the card in real time.

Advertisement

Most Popular

65 Best Dividend Stocks You Can Count On
stocks

65 Best Dividend Stocks You Can Count On

These 65 Dividend Aristocrats are an elite group of dividend stocks that have reliably increased their annual payouts every year for at least a quarte…
July 8, 2020
8 Ways You Might Be Cheating on Your Taxes
taxes

8 Ways You Might Be Cheating on Your Taxes

Don't fall into these common traps that can get you in hot water with the IRS.
July 8, 2020
Find a Great Place to Retire
happy retirement

Find a Great Place to Retire

Our cities provide plenty of space to spread out without skimping on health care or other amenities.
July 2, 2020

Recommended

Know Why Your Credit Score Changes: 9 Money Moves to Consider
credit & debt

Know Why Your Credit Score Changes: 9 Money Moves to Consider

Your credit score is a key indicator of your financial well-being and of the risk you pose to lenders. How good is yours?
July 10, 2020
52 Super Deals and Discounts for 2020
spending

52 Super Deals and Discounts for 2020

With a special nod to those of you spending more time at home, we found dozens of deals and discounts, plus ways to save (or make) money.
June 6, 2020
Banks Canceling Credit Cards, Cutting Limits
credit & debt

Banks Canceling Credit Cards, Cutting Limits

If you haven’t used a card in awhile, make a small purchase with it to keep it open. It’s good for your credit score.
June 4, 2020
Milliennials Face Their Second Recession
credit & debt

Milliennials Face Their Second Recession

Forty percent of millennials say the pandemic will likely cause them to delay payments on their debts. Does that include you? Time to take action.
June 4, 2020