Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
Updated on Thursday, September 12, 2019
Apple aims to redefine credit card usage with the launch of the Apple Card, which debuted in March 2019. In addition to providing a simplified application process and not charging any fees, the Apple Card encourages members to pay less interest and provides special privacy and security features. Customers also receive a percentage of every Apple Card purchase amount in the form of Daily Cash.
Earn 2% Daily Cash each time you use the Apple Card with Apple Pay. You'll also earn 3% Daily Cash on all purchases made directly with Apple, including at Apple Stores, apple.com, the App Store and the iTunes Store; for Apple services; and for using Apple Pay for Uber and Uber Eats. Cardholders will also earn 1% Daily Cash at stores and on websites and apps that don't take Apple Pay.
Daily Cash, which is automatically added to your Apple Cash card in the Wallet app on your iPhone, can be used like cash to make purchases, send money to your bank account, pay down your Apple Card balance and more.
If you have an iPhone 6 or later, you may be eligible for the Apple Card. To apply, simply update your iPhone to iOS 12.4, open the Wallet app and tap the plus (+) sign. Once approved, you can begin using your Apple Card instantly via Apple Pay.
You will also be issued a physical, titanium card to use at locations where Apple Pay is not yet accepted. Purchases made using the titanium Apple Card will earn 1% Daily Cash.
In this review, we’ll break down the pros and cons of the Apple Card as well as show how it compares to the Uber Visa Card.
Where the Apple Card stands out
Rewards rate. The Apple Card offers 2% Daily Cash each time you use the Apple Card with Apple Pay. You'll also earn 3% Daily Cash on all purchases made directly with Apple, including at Apple Stores, apple.com, the App Store and the iTunes Store; for Apple services; and for using Apple Pay for Uber and Uber Eats. Cardholders will also earn 1% Daily Cash at stores and on websites and apps that don't take Apple Pay.
No fees. You will not be charged additional fees to use the Apple Card. In addition to a $0 annual fee, the Apple Card comes with a $0 returned payment fee, a $0 late penalty fee (although you will incur interest charges) and no foreign transaction fees.
Smart payment suggestions. To help you make informed decisions when paying your card bill, the Apple Card will estimate the interest charges you will incur (in real time), based on the amount you decide to pay.
Also, the Apple Card offers smart payment suggestions to encourage you to pay down your balance more quickly.
Privacy and security. A unique card number is created on your iPhone for your Apple Card. This means that each purchase made using your iPhone is protected by Face ID or Touch ID authorization, as well as a one-time unique dynamic security code.
Additionally, the issuer of the Apple Card, Marcus by Goldman Sachs, does not share or sell your data to third parties for marketing and advertising purposes.
Additional Apple Card benefits
- Titanium card for places that don’t accept Apple Pay
- Ability to contact Apple Card support 24/7 by sending a text from Messages
- Real-time views of your latest transactions and balance via the Wallet app
- Weekly and monthly spending summaries
Where the Apple Card falls short
No sign-up bonus. The Apple Card does not come with a sign-up bonus.
Application restrictions. If you’re an Android cellphone user, you’re out of luck. The Apple Card is only available if you have an iPhone 6 or later that runs the latest version of iOS.
How it compares with the Uber Visa Card
If you want to earn bonus cash back in popular spend categories without paying an annual fee, there are other credit cards to consider. The Uber Visa Card, for example, offers 5% back in Uber Cash on Uber, Uber Eats, and JUMP, 3% back in Uber Cash on dining, hotels, and airfare and 1% back in Uber Cash on all other purchases
Additionally, the card also comes with a $0 annual fee and doesn’t require an iPhone to apply.
See how the Uber Visa Card compares to the Apple Card in the table below.
|Apple Card||Uber Visa Card|
|Sign-up bonus||N/A||Earn $100 in Uber Cash after spending $500 on purchases in the first 90 days.|
|Intro APR on purchases||N/A||N/A|
|Regular purchase APR||12.74%-23.74% Variable||17.24% - 27.99% Variable|
|Foreign transaction fees||None||0% of each transaction in U.S. dollars.|
Unlike the Apple Card, the Uber Visa Card allows you to earn $100 in Uber Cash after spending $500 on purchases in the first 90 days. Additionally, the Uber Visa Card offers a higher cashback rate on dining, hotels and airfare.
That said, the Uber Visa Card offers a slightly lower cashback rate on Uber purchases than the Apple Card: The Uber Visa Card offers 2% back on Uber purchases, compared with 3% with the Apple Card. The caveat is you must pay for your Uber purchases via Apple Pay to earn the 3% rate with the Apple Card.