Should I Get The NEW Apple Credit Card? (Pros & Cons)
Everyone is talking about the new apple credit card. But should you get it?
Hi everyone my name is Yursa and today we'll be discussing whether the apple credit card is a good fit for you by covering the pros and cons of the credit card.
This channel is all about making money so if that is of interest to you, I ask if you'd please like this video and subscribe to my DTube channel.
But let's break down the pros and cons of the card, so I'll just get straight to the point.
Here are the pros of the Apple Credit Card:
- Its looks. It's a titanium credit card with a minimalist look with no numbers on it. It could be the start of a new trend!
- The user interface from Apple, they make it easy to see how much you've spent, in what category, and how much you'll owe in interest if you don't pay your credit card bill in full (personally, I would always pay in full).
- It has built-in support so you can easily get help my texting apple's assistant.
- No fees of any kind, including foreign transaction fees (great for travellers!)
- Daily cash back will be deposited directly into a user’s Apple Cash card at the end of each day. From there, users can spend that amount just like cash.
- Your privacy, a main selling point of the card as Apple doesn't track your purchases, Goldman Sachs also said they won't share or sell your information. Hopefully, they keep their end of the bargain.
Here are the cons of the Apple Credit Card:
- Interest Rates, if you have a good credit card score, you'll actually pay less interest than most other credit cards
however, if you have good credit odds are that you already pay in full on time. The kicker is for people with bad credit or just spending money they don't have. If you have a lower credit score, your interest rate will most likely be higher on
the apple credit card compared to other cards out there. Meaning that the apple credit card may end up costing you more
in the long run. - The Cashback Rates: While yes you can get 3% on purchases by shopping on Apple's official website, For most other purchases you'll ending earning 2% if the vendor supports apple pay. In the case that they don't, you'll only earn 1% on all purchases, which is still better than nothing.
But if you're looking for better cashback rewards, look elsewhere. - No eye-catching perks, besides the daily cashback which is very nice, there isn't anything else. My discover it card, for example, will match the cashback I earn in my first year--with no limits.
So who's the apple credit card for?
- People who are in the Apple eco-system. If you have multiple Apple products, this will seamlessly add into your collection.
- People who use Apple pay on a consistent basis and or buy Apple products frequently.
- People who like to stand out a bit more by having a metal card. It's a status symbol and some people like that.
- People who enjoy having their privacy kept, and don't like their information being shared or sold with other large companies.
- If those criteria don't really apply to you, then the apple card may not be a great choice for you, everyone's requirements are different,
in general, Apple is to appeal for the masses. I'd recommend that you check out my channel for more credit card videos as well and then come to your own conclusion.
As always I want to thank you for watching this video, if you haven't already liked this video, dropped a comment for the YouTube algorithm so this video can be shared and help more people. I hope you have a great day, i'll see you in the next one.
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