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The simplicity and nice app experience is what's really good, but you can easily get better terms in the industry if you pay just one hour of attention. I use the Apple Card because I love the customer UX, including the privacy from vendors part.
What privacy from vendors?
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One can do better. As just a one card catchall, Robinhood does 3% on everything. I'm one of those crazy maximizers with a drawer full of cards, and most purchases earn 5% or 6%.
The 3% is good, but you have to pay $5 a month, so equivalent $60 annual fee. They have late fees and cash advance fees. > most purchases earn 5% or 6% I assume thats using the high end cards with fairly hefty annual fees, or category cashback.
> The 3% is good, but you have to pay $5 a month, so equivalent $60 annual fee.
It's $50 a year, which isn't nothing, but more than pays for itself with either the 3% IRA match or 1k free margin. Understandably, not everyone wants to invest, so point taken.
> I assume thats using the high end cards with fairly hefty annual fees, or category cashback.
The only one with a fee is Amex Blue Cash Preferred, which I use for 6% groceries. The rest are store cards(AMZ/WM) or free category cards(of which you can often get multiple, oddly enough). For example USBank Cash+ for 5% back on all utilities and electronics, year round. Then there are some that automatically just 5% your highest spend category.
The hilarious thing is the Apple card is a chunk of titanium and doesn’t have contactless payment capabilities in the year 2025. (Obviously their angle is you’ll use your phone or watch, which isn’t a huge stretch)
The hilarious thing is the Apple card is a chunk of titanium and doesn’t have contactless payment capabilities in the year 2025. (Obviously their angle is you’ll use your phone or watch, which isn’t a huge stretch)
The hilarious thing is the Apple card is a chunk of titanium and doesn’t have contactless payment capabilities in the year 2025. (Obviously their angle is you’ll use your phone or watch, which isn’t a huge stretch)
I've never used the card. too heavy.
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It's not tremendously better than existing cards. 2% cash back is practically the floor for rewards cards. I've had a 2% rewards card for over a decade (Citi Double Cash). People are able to get around 5% rewards if they're willing to be stuck with miles, locked into a specific retailer/company, or deal with rotating categories.
The floor is 1.5%. I don’t know of any 2% card without any catch (the Apple Card’s being that you have to use Apple Pay, which is still not available at many online merchants).
Personally, I use a 2.625% cash back card with the "catch" being that I have to have enough stock in their subsidiary brokerage to qualify for the top rewards tier. Since I just buy and hold SP500 ETFs, this is an easy requirement.
Wonder what Apple caved on. They famously only found goldman to work with them originally because they had significant demands that bucked the industry, including setting everyone's statement dates to the exact same so that customer support collapses the same day every year.
Settling on the same day is quite a choice. PDF creation cluster scaling alone must have been something else, let alone the obvious problems they had knocking over CS and getting fined by the CFPB.
The whiplash is hilarious, they've been through 3 banks now over the years
Hadn't even heard of Apple Card until now: https://www.apple.com/apple-card/ A credit card with > No fees. Not even hidden ones and > 2% cash back when you use Apple Card with Apple Pay and > 3% cash back at Apple (and Uber, Uber Eats, Booking.com and a few others) when you use Apple Pay This seems... really good. As in, it's essentially free money. Am I missing a catch here?