Apple Card: Seamlessly Blending Technology with Innovation in Credit Cards

The Apple Card is one of those movements that is already well-known to everyone who follows the brand. A reference in technology, simplicity, functionality, and stunning design, Apple is now launching financial products to elevate the way we consume.

And all this journey starts with a guarantee: Apple wants to make your financial life more manageable. For this reason, all the card information is stored directly on the iPhone and organized so that it is truly understood.

Therefore, instead of incomprehensible terms, fees, and more fees, the Apple Card provides more financial control tools, all so that, at the end of its cycle, less interest is charged.

As expected, the card application process is as simple as everything else from Apple. And above all, it is not punitive. So if you are approved, you will immediately receive all card operation information. If you are not, you will not have any impact on your credit score, which is excellent for your financial life history. 

It is a fact that Apple would arrive sooner or later in the financial market, offering products to its customers. But, in practical terms, is the proposal really that positive?

Keep reading to learn more about it!

Is the Apple Card Truly Fee-Free and Interest-Free? Unveiling Its Promises!

Without much, the Apple Card promises a financial product without any fees – what we already know from the Citi Rewards+® Card or the Wells Fargo Reflect® Card – associated with incentives that promote interest rate reduction with financial education.

In practice, there is no fee for transactions made above the limit, transactions that occur in foreign stores, or annual fees. So far, there is no significant advantage in abandoning your current credit card for the Apple Card.

However, what is new is that there is also no specific fee for those who delay paying the invoice, which is usually applied as a fine. Interest is offset directly on the statement, but the cost itself is not used.

Regarding interest, the Apple Card is a more transparent product than other cards. Each cycle, the card allows you to pay the bill in its partial amount before the due date.

If your due date occurs every 10th, you can pay any amount in advance until the 9th, amortizing the final amount. On the 10th, however, if you cannot pay the bill in full, a calculation will be carried out automatically in the card application, showing exactly the amount of interest and the total amount that will be paid.

As a result, the Apple Card is a more transparent product than its competitors, as it allows you to make a financial decision based on real data, not guesswork.

Get Daily Unlimited Cashback: Start Saving Now!

One of Apple Card's most significant advantages over its competitors is that it is directly linked to cashback compensation.

Every time you pay for a purchase using an Apple Card, you immediately receive a percentage of the amount paid in your Daily Cash. Apple delivers this function in real-time, not occasionally.

This reward also never expires. As long as you keep your account active, you will receive the benefit, which can be deposited as a credit on your card to amortize the payment. This is an excellent benefit for organizing your financial life and saving on your daily expenses.

Another way to use Daily Cash is to send the amount directly to your Apple savings account, allowing the bonus to generate extra money through interest compensation.

Unlike other cards that link cashback to their own extra services, such as Chase, by compensating for a more incredible bonus amount when the balance is transferred to Chase Travel – as occurs with the Chase Ink Business Preferred® Credit Card –, Apple encourages use in any way your client desires.

Want to transfer to a friend? It is possible. Do you want to buy from a partner store? It is possible. So, do you want to pay your bill partially – or even the total amount? It is possible. Do you want to leave the money-earning interest in your account? It is possible, too.

Unlock Extra Benefits: Enjoy Apple Pay Rewards with Your Apple Card!

Apple Pay is one of the biggest innovations the technology market has ever provided in the financial world. With the mechanism, you can use your cell phone as a payment hub for all your bills, paying contactless and without any contact.

When you use your Apple Card with your Apple Pay, this advantage only increases, as for each purchase paid through Apple Pay using your Apple credit card, a 2% cashback is generated.

Unlike other programs, this financial return is not conditioned on specific segments. Anywhere goes. The economic return in partner establishments is even more remarkable: 3% – Apple, Ace, Nike, Duane Reade, Exxon, Mobil, Panera, and T-Mobile are examples.

Apple Card: Is it Worth Adding to Your Wallet?

Evaluating a financial product obviously requires common sense. The excitement about a new product of this size will undoubtedly attract many brand fans. However, when it comes to your money, your response should be less impulsive, less passionate, and, above all, less excited.

However, even after evaluating these points, if you are a user of Apple products looking for greater integration with the brand's ecosystem, it is really worth requesting your card.

With it, you will do everything you already do using products from other institutions but receive cashback for it.

So, if your credit score is between good and excellent and your financial history is irreparable, applying for your Apple Card puts you one step ahead regarding the health of your wallet.

The request process is entirely carried out through the card's website, where you will also find the product's terms of service — which are always essential to read.

After approval, you can use your card in its digital form while waiting for a beautiful titanium version to arrive at your home for payments with a physical card.