Apple credit card review – Forbes Advisor


Apple Card* vs. Citi® Double Cash Card

The Citi® Double Cash Card with No Annual Fee is Forbes Advisors’ first choice for a cash back card for its easy-to-earn and redeemable structure. With this card, you’ll earn 2% net cash back on every purchase: 1% when you make a purchase and an additional 1% when you pay the bill. Your earnings can be used as statement credit, taken as direct deposit, mailed as a check, or converted to Citi ThankYou points.

Like most credit cards, you can choose to load it into your phone’s digital wallet and it doesn’t have to be just on the Apple ecosystem. One potential catch: Minimum refunds start at $ 25 on Citi Double Cash and there is no minimum refund on the Apple Card.

Apple Card* vs. Chase Freedom Flex℠

The Chase Freedom Flex card has a generous rewards structure with no Apple loyalty required. For an annual fee of $ 0, the card earns 5% cash back on up to $ 1,500 in combined purchases in bonus categories each quarter you activate, a 5% discount on booked trips via Chase, a 3% discount on drugstore purchases and restaurant meals, including take out and delivery, and 1% on all other purchases.

Chase is known to include retailers like Amazon, Target, and Walmart as quarterly bonus categories and if you’re considering a new Apple device, you’d be better off with 5% cash back than the 3% Apple Card. In addition, the Freedom Flex comes with a terrific welcome bonus: Earn a bonus of $ 200 after spending $ 500 on purchases in the first 3 months after opening the account. And earn 5% Cash Back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year. For most consumers, the Freedom Flex is an overall more rewarding option than the Apple Card.

Apple Card* compared to the American Express Blue Cash Preferred® card

Even if you don’t mind using Apple Pay, the Blue Cash Preferred® card from American Express may be more beneficial if you spend a good chunk of your budget on groceries, gas, and public transportation. It carries an annual membership fee of $ 0 annual start-up fee for the first year, then $ 95 (Conditions apply. See rates and fees). In return, the card offers the following rewards: Earn 6% cash back in US supermarkets on up to $ 6,000 per year in purchases (then 1%), 6% cash back on select streaming subscriptions to USA, 3% Cash Back at US gas stations and on public transportation (including taxis / rideshare, parking, tolls, trains, buses, etc.) and cash back 1% off other qualifying purchases. Cash back is received in the form of reward dollars which can be redeemed as a credit on the statement.

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