Types of Apple Cards
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Apple offers several types of "Apple Cards," each serving different purposes. Here's a breakdown:
- Apple Card (Credit Card)
A digital-first credit card integrated into the Wallet app on iPhones, issued by Goldman Sachs and powered by Mastercard.
Key Features:
Daily Cash Back: Earn 3% on Apple purchases and select partners, 2% with Apple Pay, and 1% with the physical card.
No Fees: No annual, late, or foreign transaction fees.
Interest-Free Installments: Pay for Apple products over time with interest-free monthly payments.
Security: No visible card numbers; transactions are secured with Face ID, Touch ID, or passcode.
Savings Account: Deposit Daily Cash into an Apple Card Savings account with a 4.15% interest rate.
- Apple Gift Cards
Physical and digital prepaid cards redeemable for Apple products, services, and content.
Types:
Apple Gift Card: A unified card for all Apple purchases, including hardware, software, and services.
App Store & iTunes Gift Card: Redeemable for apps, games, music, movies, and iCloud storage.
Apple Store Gift Card: Valid only for in-store or online Apple product purchases.
- Apple Card Family
A feature that allows two partners to merge credit lines, manage a shared account, and build credit together.
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