Why You Need an Apple Card in 2023
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- เผยแพร่เมื่อ 22 พ.ค. 2024
- It's been three years since Apple released the Apple Card and I have been using it for those three years to rack up a ton of rewards. So in this video I want to tell you my experience using the Apple Card for these past three years, what updates have been added since the launch of this card, how much daily cash in total I've earned, what the best reward categories are, and why I think this could be the best credit card for Apple Pay users.
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another great perk that you mentioned about this card is for those of you who are going abroad any time soon. The 0 transaction fees are such a lifesaver and most other popular foreign countries all take Apple Pay. I think they even first adopted the clover device that they bring to your table so you can still use your phone to get 2% cash back!
I am an Amazon prime user. The 5% back is awesome with their card using Amazon purchases. 2% back at gas stations and grocery stores is nice too.
I recommend the new credit card by Wells Fargo for gas and grocery. It's called the Wells Fargo Autograph Visa. You get 3x points on grocery and gas (1 point = 1 cent) which is basically 3% back with no annual cap. Unless you have the Costco Visa, which offers 4% back on Costco gas up to $7k/year.
5% at Whole Foods if you shop there 😉
@@rays3812 the moment you said Wells Fargo, I puked 🤮
Love the Amazon prime card 🤘🤘🤘
@@happytoberu Amazon Prime Visa is good for Amazon purchases. But it's only 2% back on gas and grocery. I agree, WF is garbage. But 3x points isn't bad. There is a Discover Card that offers 5% back on gas, but it caps at $500/year. That's like, 3 tanks of gas with today's prices... 🤣🤣
I treat my Apple Card just like a corporate Amex; I use it mainly to reap the rewards, funneling as much through it as I can, but always paying off the balance every month. It just doesn't make sense to carry a balance with the Apple Card since it will quickly offset your reward dollars when you have to start paying interest.
How do you physically pay off the card balance at the end of the month. I understand how this card would be used, but not how you pay it off each month.
@@jimbob4456 on the day that I go to pay it each month before the due date, I look at what the total balance is and that's how much I pay for the month. Apple Card payments are submitted through the wallet app and are linked to your bank account(s). You pick how much to pay and which account to pay out of each time you do it.
@@marcberm I didn’t know you could have links to multiple bank accounts. That would be good.
One other question if you don’t mind. Say I have some money in a bank that is in a standard savings account and I want to transfer it to the Apple savings that I would of setup. How is something like that done. Is the transfer initiated from my Bank savings account or from the Apple savings account. Thanks
@@jimbob4456 I'm not entirely sure but I think the Apple Card can only link to a checking account for payments, vs. savings accounts. The accumulated cash back can also be transferred to the same checking account but again that's not savings. The Apple Card is just a credit card vs. an account like a checking or savings that are meant to hold money.
I've had the Apple Card for about a year now and love it. I also make purchases and pay it completely every month to avoid the interest rates. Thank you for telling me about the Apple Pay 2% versus using the card - I didn't know that. Your videos are alway informative and I just wanted to thank you.
Realistically that is true of any Credit Card, if you pay it off within twenty-six days you can skirt the interest. American Express was literally built on that principle…
🤔
@@superzero4250Well, to be fair though, American Express didn’t start out as a credit card - it started out as a charge card. It didn’t allow you to carry a balance at all. It only allowed you to charge things that you paid for at the end of the month.
I tried to apply unfortunately they don’t won’t approve me!
Beware: Citi Double Cash Rewards charges int'l transaction fees. Apple Card and Capital One do not charge int'l transaction fees!
Greg,
The one thing I enjoy about the credit card is the option for buying a new Apple product in monthly payments.
I've been using mine for a couple of years now and love... I love the way it does the monthly charges from the Apple store but I need to figure out how to pay it off early, seems I can only pay the balance each month.
I love using my Apple Card as my primary credit card, it’s the easiest to use & to pay. I can’t wait for the savings account. 👍💳
Yeah I have some cards that offer better rewards in certain situations but I love the Apple Card and I use it often.
First time on your channel, great video. You also look like *Scarce,* iykyk 😂
2022 Love mine they notify you Johnny on the spot when and where a purchase was made even shows you on Apple Maps where and sometimes an exact picture of the place you’ve shopped at. When you completely pay off your debt on the card it instantly shows you are back at your maximum credit limit. It’s far better than my other credit cards I have to admit. It’s my go to card in my Apple wallet. Also to my U.S. Military active duty/veterans if you sign up (At the bottom of the page) and verify you’re active duty/veteran you get 10% off any purchases you make in a Apple Store or Apple online. Plus if you use your Apple Card at the store or Apple online you get 3% cash back on the Apple cash card. I just recently bought myself a Apple Watch Ultra (Christmas present to myself) and only paid like $690 something because of the 10% off and got 3% cash back.
Wow, you even made taking about the Apple credit card … into a cool video. At its introduction, I tried to apply and was told it was only for people who owned an iPhone. Then about a year later, I found out iPad owners could also apply. However, by then, I was no longer interested. Currently, I have been moving my cash assets into local credit union accounts offering 3 percent to 5 percent ARY rates (smile…smile).
Thanks for the video, I haven’t used my Apple Card since I. Got it in Oct 2020. I’m going to start using it.
love the ipod in the background shot haha nice
Top tip: with a card like the Blue cash or Blue cash preferred, you can get 3% or 6% back on Apple purchases respectively by just buying Apple gift cards from your local grocery store (it's slightly less than 6% for the preferred if you take into account the annual fee, blue cash has no annual fee). Slightly more work for this, but even for someone that regularly buys Apple devices, it's not really difficult to do. The same trick can be used on other gift cards from other merchants too, plus there is the other cash back categories. So while I agree the Apple card is very simple, you can get greater gains with just a little more planning.
If you often buy at groceries, you can really make the Blue Cash Preferred work for you. I’m practically getting paid to use the card.
Top tip 2: with Discover It you can get 5% on up to $1500 per quarter by using a digital wallet to buy apple gift cards
Btw the Amex BCE is an amazing card. Amex offers aren’t addressed enough in these credit card videos
You can do the same thing with the Amazon Prime Visa. Buy Apple gift cards at Amazon, and get 5%.
you dont get the cash back when buy gift cards
@@HarjotSingh-rx1pt You do get cash back with gift cards purchased at Amazon on the Amazon Prime card. This is at least the case with Apple gift cards and Amazon gift cards. I’ve bought many.
Not for avid travelers. We specifically collect our points not for cash back but for redeeming flights which is a lot cheaper than paying for it. IE. a return biz class trip to Asia cost $5k-$10k. With point transfers, you could get it for less than 200k points which if you get cash back, it's equal to < $2k.
This is good stuff. Although I really wish the actual card gave more percentage points because its probably one of the slickest cards out there.
The integration into the Wallet app is by far superior to any other credit card app - which makes sense as an Apple product.
It’s my go-to card while traveling because of security and being able to rotate the security code on a moments notice or block the card - compared to other cards where you are just blocked from using a card for days or weeks until it gets resolved and issued a new card.
Nice tips, thanks!
Adding to this - if you suspect suspicious activity, you can always request a new card number and start using that new card number immediately since it’s tied to your wallet app.
google pay let's you integrate any card into its wallet, also airline miles, and other rewards, gift cards. Tap ane "pay" (actually redeam) any of these.
It's very easy to go with your sever to the payment terminal to use the apple pay. I do it all the time at sit-down restaurants.
i only use apple pay..the only time i touch my physical card is when i forget the numbers…so the prospect of earning 2% back when using apple pay is what caught my interest . what else should i consider ?
This is a really good card to have as your first card. I do wish they did give you more when you were at restaurant. Also I kinda wish they changed the monthly payment
The Exxon 3 percent cash back reward has been great. That's about 10 cents a gallon at prices where I live. Add another 3 cents off a gallon with the Exxon Mobil rewards program. I can add another 1-cent discount by linking my AARP account (old man alert) for a total of about 14 cents a gallon. I've noticed that more merchants are offering a pay with Apple card option online,. I'm completely satisfied with the Apple card.
So I remember applying for this card last year and I wasn't accepted since I had no credit history or any sort of credit card open yet. I watched this video and I was persuaded to apply again. I GOT IT! I plan on making it my main card to use and hopefully it doesn't dissapoint
How’s the card at this point if you don’t mind me asking?
@@ThyrdEyeJedi So far I’ve loved it I opened up the apple savings account so all the cash back I get goes straight into the savings account but so far I’m loving it. It’s super easy to use and pay off. It’s also great because it makes financing products at apple super easy at 0 APR. I would definitely recommend it!
I got one last year and didn’t notice at first that I was earning it. Apple Cash just popped up one day and I thought, oh, what a nice tool. But then, my amount got noticeably large. I guess I didn’t really pay attention how much I was earning where. Now I think I should start using it more.
I had my Apple Card since May 2022 and I love it!!
Great video I purchased my Apple iPhone through Costco/T-Mobile now if I had the Apple credit card would I have received the 3% through this transaction? Appreciate your reply.
I’ve been using it a lot since the pandemic since a lot of restaurants in NYC has adopted the European style portable POS tap pay system.
One important thing you didn’t mention about the physical card in restaurants is that in the US most servers take the cards back somewhere out of sight to process the charge. I’ve been the victim of fraud this way before, and I really like the fact that the Apple Card has NO numbers on it for criminals to steal. For this reason, it my go-to card in restaurants generally (unless Discover is offering 5% that quarter).
The other thing I like about it is how easy it is to use with Banktivity or Quicken. Yes, it won’t automatically download into those financial apps, but at the end of the month it is easy to download through the wallet app and import with a couple of clicks into the software using any file type you want. I didn’t apply for the card for a couple of years because of not being automatic, but that small step is really NBD and it’s worth it to be able to use the Apple Card.
Oh I just got mine it’s coming in the mail. I thought the numbers where in the back but that’s awesome there’s none what’s so ever! But am I able to use it for bills? Where can I get the 16 digit card # then? If at all ?
Except that Apple can and will charge for items you have not ordered.
@@marioblanca1 huh?
@@dxrksideofthemoon you can access those number in your apple wallet
Unfortunately, for american restaurant owners the ease and comfort of having POS integration is more important that the safety of the patrons’ cards. Sad but true, they simply don’t care about the risk of people’s card info being stolen.
I absolutely love the wallet app. It makes it SO SO easy to pay. Plus the spending tracking is a must have, and how it makes it super easy to see where your money is going. I use it for everything as a college student.
I use a set of credit cards depending on what i need to buy; general wells fargo active cash ; 2% and sometimes bonus cash backs. And both chase freedom credit cards; one is for dining 3% and grocery 5% for first year. Both chase credit cards give $200 bonus for spending $500 is 3 months. by FAR a better matrix than the apple credit card for everyday purchases. If i shop @ amazon or wholefoods amazon visa signature 5%.
Wow! Great review!! Thank you. 👍 I had no idea there was so much to know and it makes sense as an argument to get/use the card.
When will this card come to the UK? I've been waiting for it for so long...
Finally this video
Great thanks
Ill take that as a compliment lol
it's one of my favorite cards also. I tell everybody about it. I've had it for almost a year, I've gotten 2 generous increases and the cashback is great.
What’s your apr?
@@PAINT_WET 23%
How long you had to wait for a increase
@@marciahall8986 I waited 4 months for each of my increases. As long as you have been using the card and keeping your balance low you shouldn’t have a problem doing it every 4 months. If you barley use it and have a high balance then It might not work.
Love the review 🎉
I really need that iPhone wallpaper!! Where did you get it from?
Great video, thanks for the info.
In England when I went. All I used was apple pay. All the restaurants had portable checks
Some restaurants are starting to have handheld tap to pay but I typically use my chase sapphire reserve when dining though for my 3 points per dollar
I love the functionality of the card, BUT why can't you download the card's activity to a program like Quicken. I use Quicken to manage my expenses and help me with my income tax preparation. For that reason alone, I seldom use it.
It’s extremely uncommon outside of the us for servers to take your card. They bring a terminal to you or you walk to the terminal. It’s in everyone’s best interest that this be the dynamic in the future.
Ditto, I have experienced the same, even in the US. I do not hand my card to the server, I will get up and walk with them to the terminal if need be…
🤔
Can’t wait for this to be standard in the US. After spending a good while in Europe and then coming back, it’s so strange and inconvenient. It’s extra steps, extra insecurity, and extra time.
I've had the Apple Card for a couple of years or so and love it. I love the app especially. Of all my credit cards it has the best and most informative interface by far and the Daily Cash Back is killer. I won't list the many other things I love as you already have but I will say that this will be the one card they will have to "Pry from my cold, dead hands".
Would be my main card… but they don’t integrate with YNAB or Mint so budgeting with it is a pain, so it is a special use card for me.
I actually have mine integrated with Mint. Not sure about YNAB.
Also Rocket Money has devised a nifty workaround to integrate Apple Card. It’s not perfect, but it works.
Learned not to keep the white titanium card in a leather wallet in year 1. It will stain the card’s white coating. You CAN exchange your card out through the card interface though.
The wallet app with Apple Card is so good! I wish Apple Card would have a few more perks. I suppose 1 quart per though is if you wanted to do Apple Care with your product you can do that over the length of time your financing that product instead of either the monthly charge until canceled or the two years all upfront
😊
I did not even know about these benefits… I just liked the titanium card. Awesome.
More restaurants are equiping servers with mobile payment systems. Two of the last three restaurants I've visited have had these. If they don't you can still ask if they have Apple Pay and walk over to the terminal to pay. Admittedly doesn't feel great doing that in a fine dining establishment but to get the 2%....
How do you get Daily Cash bonus categories? I have an Apple Card but I wasn't able to locate the lifetime earnings or bonus categories.
I have and enjoy the Apple Card too. It is so easy to use and manage.
I’ve had an Apple Card since it first came out, and like you have had an excellent experience. It’s my primary card now due to convenience, cash back, and ease of use.
I’ve had the card since it was introduced and I love it. The one perk I haven’t seen mentioned is customer service. I’ve had to engage with CS on 2 separate occasions and both times it was a pleasant experience using the online messaging platform. Both times resulted in immediate communication and resolution.
My Dad has had the Apple Card for a little over a year, and the first time we used it was to buy my MacBook in 20222. The card will primarily be used for Apple Purchases and emergencies.
A bit confused about when you say the 2% with Apple Pay is superior to the double cash. Love the video great points, but if you pay your card off in full anyways you’ll get the 2% no problem. In my opinion, that’s a better condition because it’s 2% in your apple wallet or with the physical card vs 1% with the physical Apple Card and 2% if you can use Apple Pay. Great video!
He’s only saying is superior because you get the full 2% right away instead getting 1% now and 1% later. Both are great just a waiting game on one
Great video and Apple Card insights Greg. Thumbs up!
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During Covid I was able to pay my neighbors for things they did for me like mowing my lawn, etc. I just sent them payments through messenger. That alone became a BIG deal for me.
is it a good first credit card?
Great video. I use my Apple card exclusively for paying off Apple products, but now I am thinking I should use it more 🤔
I love how it is inconceivable to get up from the table and pay with your phone instead of handing your phone to the waiter. No hate, I’m sure it might be a cultural thing or something but I’ve gotten up to pay before with my phone or with debit cards and it has never been an issue. I definitely wouldn’t hand my phone to someone for them to take it though, that seems way more crazy to me than just getting up 😅
I agree. I'm more than OK with asking the server if I can walk with them to the machine to tap my phone. Alot of restaurants now have the portable credit card machine too.
It’s not that it’s inconceivable, it’s that US restaurants often have the card reader in locations not accessible to customers such as the kitchen, the back of the restaurant or behind the bar counter. That makes it difficult or impossible to walk up to pay. Not to mention that it makes you look weird.
You can get 3% back at not just Apple wallet but *any* mobile wallet with the US Bank altitude reserve. Furthermore, rather than redeeming that cash back for money, you can use your rewards towards travel related purchases, by doing this you can clear them out at an even more favorable rate: 1.5X
That means:
US Bank 1.5 X 3 = 4.5% cash back on everything for not just Apple Pay but any other mobile wallet.
Apple Card 2% back with no possible upside in value.
I use the card at restaurants, as several other cards I owned got cc#, expiration date, and 3 digit code copied by the person that takes my card to the back room to swipe. They can write it down or do a fast pic while my card is far from my view. The Apple Card only has my Name and no other information that is usable to that person. Also it keeps those walking by my table while my card is waiting to be picked up from persons with cameras walking behind me as I give my card out.
*Which apple card firmware are you on?*
I’ve never owned it yet what credit score do you need to get approved to bae able to get the card
Late to the party. I got an Apple Card end of September but I still did t get the physical card? I guess I’ll contact them unless your experience is that it takes a while to get it? Thanks.
Update; turns out you have to order it, which I just did ;-}
The way I stay on top of my payments is by letting the cash back feature build and just use that to pay my card off and I never worry about interest
You must be spending tons of money on the apple card to let the cash back feature pay off the card since your only getting 1-2% cash back
So…you’re somehow using at most 2% of your monthly purchases to pay off 100% of your monthly purchases? What?
I’ve been using Apple Card since it came out as my primary card, and I just checked my lifetime cash back I’ve earned from it, and while it’s not a small number by any means, it’s not even enough to cover a SINGLE average month’s payment, after nearly 4 years of constant usage.
Recently got it a few days ago and so far it's been pretty good. Been thinking of using it to pay monthly on new iphones since they say no interest. Is there any hidden tricks behind it or is it straight up no apr at all?
whats your credit like/income for approval odds
Unfortunately, I don't get approved anytime I try. Good video with good information, so I watched to the end. Just not sure why TH-cam wanted me to watch a video about a card I never get approved for. LOL.
This all sounds amazing 😅 but I don’t think that we would be getting the Apple Card any time soon here is South Africa. Apple Fitness Plus is not even available here lol
It has also become one of a fave credit cards because of ease of use, instant cash back credit to Apple Cash, and the installment option to purchase apple products… 👍🏾👍🏾
In Canada you never give the waiter your card they always bring a hand held machine to your table to take your card info, funny it's not like that in the US.
I would have gotten this card but Apple has failed to extend this card to countries outside the U.S.. Even though they trademarked it and apparently were ready to set it up in Canada right before the pandemic, then the pandemic happened and the card was never brought here. We also don’t have Apple Cash in this country despite the fact that Apple Pay is in Canada and its more widely used by shoppers and businesses alike in this country than it is in America when you look at the stats. Very weird how Apple just kind of forgot about us when it looked like the card and Apple Cash was coming here.
Apple Card is my go to. 2nd is PRIME…5% back on anything you buy on Amazon.
The Cashback is outstanding! The highest I get from my cards is 1%. Sadly, it's only available in the USA.
Do you think its a risk of them turning off your card like they disabled AirDrop in China??
I have used the Apple Card since it came out and love it.
Same.
I definitely needed.
Now they offer the savings account with an annual interest rate of 4.15%. I immediately opened one and transferred the money sitting in my USAA savings account that was only earning 0.01% interest.
Damn you’ve spent $171,400 to be able to get that $3428 cashback. That was crazy lol.
That's how cashback works. It's 'free' money so im not complaining.
Just got my physical card after setting my the digital version, adding it as the default in my apple wallet, and setting it up as payment in app store, itunes, and apple store. Found out today that I can't integrate it properly into any budgeting app. So now I'm having to remove it as default for multiple payment methods. Such a shame. I was looking forward to using it as my primary card.
I recently got one and I love how they break down all the purchases, due dates and option to make large Apple purchases on time with no interest.
Hey what are those shelves you have in your background?! Thank you if you see this
OG here. Got mine in August of 2019. I like it.
When using mine internationally my transactions only work the actual Apple Card as I haven’t found a vender that uses the app
I have wells Fargo active cash card and I'm pretty sure that's 2% cash back
I don’t like this card for the lack of purchase protection and extended warranty. They know that if they offer that on this card people would not buy AppleCare. So if you were to go to Best Buy and buy a TV you do not have any purchase protection or extended warranty on that product. But other than that I like this card but I do think that it competes with the X1 card very well. And I think the X1 card actually beats the Apple Card.
Apple Card is good for buying Apple products with 3% cash back but that's about it. You don't get any benefits such as purchase protection or insurance by putting it on your card like you do with other companies like Chase or Amex.
I mean do u really need purchase protection and insurance?
@@user-vv7ir1pl4j pretty much, yes
I get 3% back paying my Tmobile bill and certain restaurants. 2% is common as well. Not the best card bet definitely a sleeper.
There are other merchants that give 3%, not just Apple. It’s even mentioned in the video.
@@er1115restaurants? which restaurants? except for panera, if you count that as a restaurant, I don’t see any restaurants in the list of 3% merchants in Wallet and on Apple’s website.
I use my Apple Card for restaurants and dinners…no numbers on the card and as a result a server cannot steal my account number and
On my phone I get the charge prior to tip on my phone so I validate same..
That is all I use it for EATING OUT. I understand it only pays 1 percent back but the security is my main concern
I am also a Apple stock holder
I'm still holding out for the Apple Card Pro.
but you didnt say how much did you spend on the card since the time you open it.
would you recommend this as a "first" credit card? i've never had a credit card before, and i'm trying to learn more and make decisions to help me build credit.
A good credit card to start off of is a Discover It Secured Credit Card, they also match your cash back on the first year!
@@armandosanjuan-salvatierra4404 thanks!
It's a decent starter card. That's about it.
I got my Apple Card a Month ago and now use it almost exclusively. I do wish the physical card offered more than 1% because I still run into more retailers who do not have Apple Pay than those that do.
After I got my 1st iPhone, the Card was my next product. Bought the Watch. A few months later I got my wife one too. Kinda sad I leave the titanium card @ home 24/7
The problem I have with this card is that it is not available outside of the US, so unfortunately for me it won't be available :(
Does the 3% count towards App Store purchases? And how about in-app purchases?
Yes
Seems like a neat card, but I already have a Citi Costco Visa so I'll stick with my Citi DoubleCash MC. I like only having 1 credit card website to deal with when paying bills and I don't mind the reward/payout structure of the DoubleCash MC.
My mom has the double cash card. Where I live apple pay is not accepted in nearly as many retailers so it is much better for her to get the same rewards. I am in college so apple pay is accepted nearly everywhere, so I went for the apple card (and because there was no way I was getting approved for the double cash; I have little credit history). Double cash is fantastic though, I wouldn't get rid of it, especially if you've had it a long time.
& 6:40. Yes, I used a few at table Apple Pay. Olive Garden is a recent, Outback & a few clubs at the bar. It’s awesome for regular Apple 0% installment plan giving U 3% in Apple Cash
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So glad i know this now
Great video! I too love my Apple Card and Apple Cash. I got mine late 2020 and use it for purchases for which I would normally have used my debit card. I even set up any auto payments for my monthly bills like gas, electric, cell service to be paid using my Apple Card. Since I started using it, I have earned just under $340.00! That's free money folks! Something that our presenter didn't seem to stress enough is that it is not 'points' you earn, it is actual CASH which you can transfer to your bank anytime you want via ACH for free. Or if you have made purchases for Apple products, you can have the payments come from your Apple Cash account to pay for them. It's the best thing to come along for me since the debit card. As our presenter said, you should use Apple Pay on your iPhone vs. the physical card whenever possible to maximize your Apple Cash rewards. Where I use it and they don't have Apple Pay, everyone is so impressed by the physical titanium card! I admit it, I drank the Apple Kool-Aid!
I have an Apple Card but the thing I don’t like is that is a Mastercard not Visa. A lot of places don’t take Mastercard. Costco being one of them.
I’ve had mine since March and I absolutely love it! Very useful!