The Apple Mastercard, more popularly known as the Apple Card, is a unique credit card. It is a collaboration between Apple and Goldman Sachs as they try to venture into the credit card world.
Designed with simple but unique features, the Apple Card Mastercard offers seamless integration into the Apple system. The card has rewards programs and a lot of digital features. This ensures that the card can be enjoyed in both different transactions.
Find out more about the Apple Mastercard with the guide below. You’ll also learn about its features, what to do to apply, and how to apply for an Apple Card.
The Apple Mastercard Core Features
The Apple Card is built around the Apple Wallet or Apple’s digital wallet counterpart.
This makes it a digital-focused credit card and most of its features are geared towards such.
This allows cardholders to manage and track their finances easily. Here are some of the core features of the Apple Mastercard.
Daily Cash Rewards with Apple Card
One of the most appealing features of the Apple Mastercard is the Daily Cash Rewards program where you can earn 3% Daily Cash on different purchases made on the Apple Stores or through the official Apple website.
When you link your Apple Card with your Apple Pay and use the card for payment, you also get 2% Daily Cash. Any other purchase made with the card outside of the categories above will let you earn 1% Daily Cash.
Redeem Your Rewards
Once you have enough Daily Cash, you can then redeem it in different forms of rewards. You can redeem your Daily Cash for statement credit or you can send it to Apple Cash so you can then transfer it to your Wallet for more funds.
Another way for you to redeem your Daily Cash is through a deposit to your Apple Savings which can help you earn an interest in your Apple Wallet.
Track Your Spending in Real Time
Another very useful feature of the Apple Card is its sending tracking feature. The Apple Wallet app provides you with all your transaction details.
It even has a color-coded breakdown of your spending so you can immediately identify your habits and correct them. In case you want to manage your finances, you can easily check out the tracker and handle your spending.
Pay Over Time
When you use the Apple Card at Apple Stores, you immediately gain access to another feature that lets you pay for your transactions or purchases over time.
It is an interest-free payment plan, and you still get the Daily Cash as cashback rewards. You have monthly installments with minimum payment due to your card.
Once you make the payments, you can choose the type of installment plan you want to avail of.
Interest Rates and Other Charges
The Apple Card has an interest rate of 18.24% to 28.49% for purchases. There are no late payment fees for late or missed payments.
No annual or foreign transaction fee is attached to owning the card.
Is the Apple Mastercard Right for You?
You need to understand certain factors if you truly wonder if the Apple Card is for you.
If you are already using Apple Pay for most of your transactions, it is best that you also get an Apple Card for it. Cardholders who do not want to deal with fees and just want simple rewards should pick the Apple Card.
Anyone who wants same-day access to their hard-earned cashback rewards might want to take a good look at the Apple Mastercard today.
Contact Details
If you wish to learn more about the Apple Card, you can check out more details at the official website. You can also contact their customer service using their hotline number through Goldman Sachs at 877-255-5923.
You may also visit any nearby Goldman Sachs branch or check out their main office located at 200 West Street, 29th Floor, New York, NY 10282.
How to Apply for the Apple Card
You must know where and how to apply for the Apple Card.
The entire application process is designed to be accessible and convenient should anyone be interested in applying immediately after checking out the card.
Here is the entire application process for you to follow.
Learn the Eligibility Requirements First
To apply for the Apple Card, you must be eligible first. Applicants must be 18 years old or older and must be a resident of the United States.
They must have an eligible iPhone with the latest version where they can install the Wallet app. All applicants must have a good credit score before they can apply.
Where and How to Apply
The best way to directly apply for the Apple Card is through the Wallet app. Download the Wallet app and you can see the option to apply for the credit card. Tap the + icon at the upper right corner of the app and choose Apple Card.
Follow the instructions and the steps to apply, and you should receive a decision within the next few minutes. If approved, you can use the digital version of the card while waiting for the physical card.
Applying Online
You can also choose to apply online by heading over to the official website. Check out the card details and click on Apply to start the application. Log in to your account to continue and provide all the details.
Review the terms and conditions before you submit and wait for their decision. It will then prompt you to download the Wallet app so you can use the digital version of the card.
Conclusion
If you are an avid Apple fan and want to maintain the brand, you can apply for the Apple Mastercard and link it to your wallet. This will make your life easier and more rewarding especially if you are fond of using the card for your everyday purchases and Apple-exclusive transactions.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.