However, many people find it a liability and find it very difficult to hold because, somewhere along the line, a credit card allows a person to spend money without repaying it for a month or 45 days, and by doing so, some people find it difficult to maintain the card because holding a credit card is a responsibility that everyone can’t fulfill.
Apple’s credit card
Apple is one of the largest companies around the globe that deals in many electronic gadgets, and its main business is the sale of electronic products. However, Apple is a luxury company, and the products that are offered are of great comfort and have many benefits, so they decided to land in the credit card market.
In August of 2019, they collaborated with Goldman Sachs and launched their credit card. It is one of the best things a financially-conscious person should have because the cashback and discount offers that are given by Apple have no competition. They offer a clear 5% discount on Apple products and a 2% to 3% discount on other items. The rates that are offered are one of the highest rates that are offered by very few credit card companies. Also, the charges for getting a card and its maintenance are zero.
BENEFITS
The benefits of having an Apple credit card are:
Customers can earn a 1% to 3% rebate.
The Apple credit card allows its customers to have a 1% to 3% rebate or discount on the purchase of many products and items. Once the transaction is completed, the cashback amounts are directly credited to Apple’s card.
No hidden charges.
The Apple credit card claims that the card has no extra charges and also no hidden charges. Charges mean that during the holding period of that card, some companies charge for the holding of credit cards and also for maintenance, but the Apple card comes with no charges.
No extra fees.
The credit card doesn’t need any extra fees for the card or even for the renewal of the card that is covered by the company.
Accepted at almost every place.
The Apple credit card is accepted at almost every place in the US. Many stores that accept credit cards also accept Apple credit cards.
Offers to pay in many installments.
The purchases that are made using the Apple credit or bill payments are done after 1 month. The Apple credit card allows a customer to pay the amount in easy installments, which can be covered in 2 months.
DRAWBACKS
It requires an Apple Pay account for payments.
For making payments at stores, a customer needs to have an Apple Pay account because, without an Apple Pay account, it is not allowed. Also, if a customer does not have an Apple Pay account, they can’t use all the benefits, and the cashback is reduced to 1%. So, to properly use an Apple credit card, a customer must have an Apple pay account.
Apple products are required.
For Apple Pay accounts to be created and also used for transactions, a customer needs an Apple I phone. Without an I phone, the transaction can not be completed. There are some conditions for the company.
SECURITY FEATURES
As the company is very strict with its security policy on phones and other gadgets, it can be seen with the Apple card. If the card is used through Apple Pay, then the phone security is required, and after that, to access the card, Face ID and Touch ID are required, and after that, it needs OTP.
If the transaction is being processed through the card, then on the card there are no prints of the card number or CVV. All that is available is a microchip and a magnetic strip for payments and owner information. If the card has been lost, then the owner can very easily block the card through the Apple Pay app.
Apple Credit Card Review
The Apple Credit Card Review comes with many benefits, such as
Massive cashback dealsNo hidden charges. No holding fees. Accepted at almost every store. It can be accessed through the app only. Payments can be made through the app.
The Apple credit has all these benefits, and apart from these, the security of the Apple card is also an important factor for consideration. Because the Apple Pay card needs a face ID and touch access for the payments, and on the card, there are no physical prints of the card number or any details. The customer’s name is only present on the card.
If the card gets stolen, it can be blocked through the Apple Pay app.
CONCLUSION
The Apple credit card is one of the best cards available on the market. It has one of the highest cashback and discount offers and comes with very strict security, but there is a drawback: for full usage of the credit card, the owner must have Apple products, and in particular, an I phone, because the credit card can also run through Apple Pay, and for its full utilization, and I phone is required. Apart from this, the card has many benefits and a person can consider it for them.
