How to Use Apple Card Like a Pro
The Apple Card from Goldman Sachs is one of the most competitive credit cards in the cash back cards category. With a rating of 8/10, it offers no annual fee and impressive rewards including 3% apple/daily cash, 2% apple pay, 1% physical.
In this comprehensive review, we break down everything you need to know about the Apple Card: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
Apple Card Overview
The Apple Card is issued by Goldman Sachs and is designed for consumers with Good-Excellent (670+). It carries a rating of 8/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Goldman Sachs |
| Annual Fee | $0 |
| Intro APR | N/A |
| Regular APR | 20.24% - 29.24% Variable |
| Rewards | 3% Apple/Daily Cash, 2% Apple Pay, 1% physical |
| Welcome Bonus | N/A |
| Credit Score | Good-Excellent (670+) |
| Foreign Tx Fee | 0% |
Rewards & Benefits Breakdown
The Apple Card earns 3% apple/daily cash, 2% apple pay, 1% physical. Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 3% Apple/Daily Cash, 2% Apple Pay, 1% physical |
| Welcome Bonus | N/A |
| Intro APR | N/A |
| Credit Score | Good-Excellent (670+) |
Since this card has no annual fee, you can keep it forever without cost. Use it for everyday purchases to maximize value.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase APR | 20.24% - 29.24% Variable |
| Balance Transfer APR | 20.24% - 29.24% Variable |
| Foreign Transaction Fee | 0% |
Apple Card vs Competitors
See how Apple Card stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| Venmo Credit Card | $0 | 3% top spend category, 2% next, 1% rest | N/A | 7/10 |
| Fidelity Rewards Visa | $0 | 2% unlimited cash back into Fidelity account | N/A | 8/10 |
| US Bank Altitude Go | $0 | 4% dining, 2% groceries/gas, 1% else | $200 after $1,000 in first 90 days | 7/10 |
| X1 Card | $0 | 2x on all, 3x groups of 3+ merchants | N/A | 7/10 |
| PenFed Power Cash Rewards | $0 | 2% unlimited, 1.5% without direct deposit | $100 after $1,500 in first 3 months | 7/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 3% Apple/Daily Cash, 2% Apple Pay, 1% physical
- Welcome bonus: N/A
- No annual fee
- No foreign transaction fees
- Issued by reputable Goldman Sachs
❌ Cons
- Higher than average APR
The Apple Card is best for consumers who want a simple, no-fee card with solid rewards. If you have Good-Excellent (670+) credit and spend $1456/month on average, this card could earn you significant value.
How to Apply for Apple Card
Applying for the Apple Card is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Good-Excellent (670+) for the best approval odds.
- 2
Compare Your Options
Compare the Apple Card with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Goldman Sachs.com or the Goldman Sachs mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Good-Excellent (670+) credit to be approved for the Apple Card. Approval is not guaranteed and depends on your overall credit profile.
Yes, with no annual fee, this card is worth keeping in your wallet indefinitely.
The purchase APR is 20.24% - 29.24% Variable.
No, the Apple Card does not charge foreign transaction fees, making it great for international travel.
Rewards can be redeemed through your Goldman Sachs online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The Apple Card is a solid choice in the cash back cards category. With no annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Good-Excellent (670+) credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The Apple Card earns 3% apple/daily cash, 2% apple pay, 1% physical. With a rating of 8/10, it is one of the better options in the cash back cards space. Recommended for consumers with Good-Excellent (670+) credit.