Apple Card may be the right choice for you if you are searching for a new credit cards. You should be aware of a few things before applying. You might not be approved if you have a poor credit score. Applying if you have a credit freeze placed on your account must be removed. To improve your chances for approval, you should pay off any debt. This can also help to improve credit scores. You should also reduce your income-to-debt ratio to make your application more attractive.
No annual fees
The Apple Card is a great option for those looking for a no-annual-fee credit card. It does not have an annual fee. There are no foreign transaction fees or late payments. It doesn't charge surprise fees or reward redemption fees. Apple claims that this allows cardholders to focus on their balances.
The company will verify your credit before you apply for an Apple Card. For you to be eligible, you need to have a high credit score. If you don't, your application may be denied. To avoid this, it is important to request a free copy your credit report. It is also important to check for potential credit-related errors. It's a good idea to first unfreeze any credit freezes you have received recently before applying for an Apple Card.
Other no-fee credit card options are also available. Apple Card is one of few credit cards that does not require an annual fee. This card does not require an annual fee and also offers travel discounts, upgrades and golf discount. The card does not provide extended warranties or purchase protection. However, the company offers a Disaster Relief Program for people who have been affected in natural disasters. The card also comes with a two-month 0% interest rate. Furthermore, the new iOS 15 update has an added security feature called Advanced Fraud Protection, which is designed to keep your Apple Card information secure. The software will update the three-digit security code every other day, making it harder for thieves to gain access to your account.
No foreign transaction fees
Apple Card is free of foreign transaction fees. Apple's credit cards don't have international transaction fees. You'll also earn 2% for all purchases, no matter where they are made. You'll get your rewards the next day after the transaction posts.
Apple Card doesn't have any over-limit fees or late fees. The annual fee is $0 The Apple Card calculates your interest amount based upon your payment amount, so unlike other credit cards you won't be charged any interest rates. This feature allows you pay your balance down faster.
You must have an iPhone equipped with face ID or fingerprint technology to use the Apple Card. You can sign up with an iPhone 5s, 6 or older models. However, this feature is not available for older iPhone models. Early betting suggests that you will need an iPhone 8 or greater. An iPhone 7 or 8 is sufficient, but you need to upgrade.
Unlimited Daily Cash Rewards
With an Apple Card, you can earn Unlimited Daily Cash rewards. Apple Pay allows you to use the daily cash that your Apple Card earns. You can also use it to increase your balance or to send it out to family members and friends. It can even be transferred to your bank account or eligible Visa debit card. This program is free and is available to anyone who has an Apple device.
Apple Card is different than other cash-back credit cards. It awards Daily Cash. This is the amount that accumulates in your rewards accounts every day. Contrary to this, cashback credit cards like the Apple Card give you cash back or points after the month ends. Daily Cash allows you to increase your cash back each day as you make purchases.
Apple Card purchases on the App Store, Apple Online Store and Apple Services earn unlimited Daily Cash rewards. Also, you can get 3% back on purchases at select merchants. Daily Cash calculates every day so you can quickly access your cash. Plus, with an Apple Card, you'll never be charged a late fee or a foreign transaction fee.