Apple Card may be the right choice for you if you are searching for a new credit cards. Before applying, there are some things you need to know. You might not be approved if you have a poor credit score. Before you apply, remove any credit freezes. You can improve your chances to get approved by paying off your debt. Reduce your income-to–debt ratio in order to make your application attractive.
No annual fees
If you are looking for a credit card with no annual fees, the Apple Card is a great choice. It does not have an annual fee. There are no foreign transaction fees or late payments. There are no surprise fees and reward-redemption fees. Apple says that this lets cardholders focus more on paying down their balances.
When you apply for an Apple Card, the company will check your credit to make sure you can pay it off. To qualify, you must have good credit. However, if your credit score is not satisfactory, you could be denied. You should request a copy of your credit report to avoid being denied. Also, you should check for any mistakes that could affect your credit score. Before applying for an Apple Card, you should unfreeze your credit freeze.
There are also no-fee cards. Apple Card is among the few that don't have an annual fee. This card has no-annual fees, offers upgrades, discounts on travel, and discounts on golf. The card does not provide extended warranties or purchase protection. However, the company does provide a Disaster Relief Program for those who have experienced natural disasters. The card also comes with a two-month 0% interest rate. Advanced Fraud Protection, an enhanced security feature introduced in iOS 15, is available to help protect your Apple Card data. The software will change the three-digit security code on a regular basis, making it more difficult for thieves to get into your account.
No foreign transaction fees
You don't need to worry about international transaction fees when you use an Apple Card. Apple's credit card is free from international transaction fees. In addition, you will receive 2% on all purchases, regardless of whether they were made overseas. You will also receive your rewards as soon as the transaction is posted.
Apple Card doesn't have any over-limit fees or late fees. It also has a $0 annual fee. The Apple Card calculates your interest amount based upon your payment amount, so unlike other credit cards you won't be charged any interest rates. This feature lets you pay down your balance quicker.
You must have an iPhone equipped with face ID or fingerprint technology to use the Apple Card. This feature isn’t available on older iPhones models. However you can still use an iPhone 5s/6 to sign up. But early betting suggests that an iPhone 8 and higher is required. So if you already have an iPhone 7 or an iPhone 8, you'll need to upgrade to a newer model.
Unlimited Daily Cash Rewards
Earn Unlimited Daily Cash Rewards with your Apple Card You can use the daily cash you earn to purchase Apple Pay products. You can also transfer it to your balance or send it to loved ones. It can also be transferred to a bank account or a Visa debit-card eligible. Anyone with an Apple device can access this program for free.
Apple Card, unlike other cashback credit card cards, awards Daily Cash. This is cash that accumulates daily in your rewards account. Contrary to cash back credit cards that give cash back, you get cash back or points at the close of each month. Daily Cash allows you to increase your cash back each day as you make purchases.
Apple Card offers unlimited Daily Cash Rewards and Unlimited Cash Reward for purchases made through the App Store, online store, or Apple services. You can also earn 3% back from purchases made at select merchants. Because Daily Cash is calculated each day, you have easy access to your cash. Apple Card users will never be subject to a foreign transaction fee or late fee.