Quick Answer: Is The Apple Card Worth Getting?

Does an apple card build credit?

If you use your Apple Card responsibly, it can help you build your credit over time.

To improve your credit score with the Apple Card, focus on making regular, on-time payments and try to keep your credit card balance as low as possible..

Is it hard to qualify for Apple card?

The Apple Card’s credit score requirement is 700 or higher. That means applicants need at least good credit to qualify for an Apple Credit Card account. While it’s possible to be approved with a lower score due to a high income or other positive factors, it’s best to not take the risk.

What is the limit on Apple card?

There is no limit on the amount of Daily Cash that you can get, according to Apple.

Can I use my Apple card anywhere?

Pay with Apple Card anywhere Apple Pay is accepted, and use the titanium Apple Card or card number anywhere Mastercard is accepted.

Is it worth getting Apple credit card?

As long as you make your purchases via Apple Pay, you’ll earn a rich rate back on everything you buy. So if you’re not into optimizing rewards by juggling multiple cards to earn higher rates on specific purchases, the Apple Card could work well for you.

What are the benefits of the Apple card?

A simpler, smarter credit card.Get 2% Daily Cash back every time you pay with your iPhone or Apple Watch.See each purchase go through right away. … View item-by-item receipts from your Apple services.Your Daily Cash lives in the Wallet app. … Take the guesswork out of interest payments.Payment reminders.More items…

What are the pros and cons of Apple card?

Apple Card Pros & ConsProsConsStrong security features No fees Physical credit card available Various spending management featuresMust use Apple Pay for the best rewards earnings1 more row•Dec 13, 2019

Is there a monthly fee for Apple card?

No Fees. We want to make it easier to pay down your balance, not harder. So Apple Card doesn’t have any fees. No annual, over-the-limit, foreign-transaction, or late fees.

Does Apple card increase limit?

You’ve been a cardholder for six months or more. While the Apple Card’s financial health help page says you can request a credit limit increase after “as little as four months,” other Apple Card documentation mentions establishing credit history for “six months or more” before you apply.

Is the Apple card safe?

The Apple Card’s privacy and security features Purchases made with the physical card are secured with chip technology. And, the physical card has no numbers on it — no card number, security code or expiration date — making it practically impossible for someone to steal your information when you hand your card to pay.

How long does Apple card approval take?

It can take somewhere between 7-10 business days to get approved for the Apple Credit Card. In some cases, you could get immediately approved. If you do, you’ll get an offer with your initial credit limit and APR after applying. If you accept the offer, you can start using your Apple Card with Apple Pay.

Should I cancel my apple card?

It’s important to mention that by cancelling your Apple card you could potentially hurt your credit score. Maybe it’s best if you just leave your account open without using it any more.

What happens if I decline Apple card offer?

Your credit score won’t be impacted if you’re declined, or don’t accept your offer. Your credit score might be impacted if your application is approved and you accept your offer. You can apply for Apple Card again, but you might receive the same decision.

Is the Apple card really titanium?

According to Professor Wenk, approximately 90% of Apple Card’s material is titanium, with the remaining 10% of the alloy made up of aluminum. Like every other metal-cased products it makes, Apple has elected to use an alloy for Apple Card.

What credit score do you need for Apple card?

Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.

Why is Apple card bad?

One of the biggest drawbacks of the Apple Card is that its cash back program is not that rewarding. Cardholders receive bonus cash on Apple purchases: 3 percent cash back on everything you pay from Apple – including Apple Store, apple.com, App Store and iTunes purchases – and 2 percent cash back on Apple Pay purchases.

Can my wife use my Apple card on her phone?

There is no support for dual or multiple card holders — it must be tied to one Apple ID. You could let your spouse borrow the physical card, of course, but I don’t think there’s any way to put it in their phone’s wallet. … Can Android users apply for the Apple credit card?

How accurate is Credit Karma?

The credit scores and credit reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. They should accurately reflect your credit information as reported by those bureaus — but they may not match other reports and scores out there.

Can I withdraw cash from Apple card?

One important thing to note about the physical card, though, is that you could at least in theory use it to withdraw cash from an ATM — but you mustn’t. Some cards charge you a fee for this, and Apple has explicitly stated that it does not charge fees for anything.