Apple Cash Reviews: A Comprehensive Guide

Apple Cash is a digital wallet service that allows users to send and receive money directly from their Apple devices. It's a convenient and secure way to manage your finances.

One of the standout features of Apple Cash is its user-friendly interface. According to the article, the interface is designed to be easy to navigate, even for those who are not tech-savvy. This makes it a great option for people who want to manage their money without having to deal with complicated apps.

To get started with Apple Cash, you'll need to have an iPhone or iPad with iOS 11.2 or later. This is because Apple Cash requires a compatible device to function properly.

The Apple Card has a lot to offer, but like any credit card, it's not perfect. One of its biggest advantages is its simplicity - no points to track or travel miles to redeem, just straightforward cash back rewards.

You can earn up to 3% cash back with the Apple Card, but only when using Apple Pay. This is a great feature for those who regularly use their iPhone or iPad to make purchases. However, if you're not using Apple Pay, you'll only earn 1% cash back.

One of the things that sets the Apple Card apart from other credit cards is its lack of fees. No annual fee, no late fee, and no foreign transaction fee - a big plus for travelers and those who tend to carry a balance.

The Apple Card also offers a unique feature called Daily Cash, which allows you to earn cash back rewards daily. This cash back is deposited directly into your Apple Cash or Apple Savings account, making it easy to keep track of your rewards.

Here are some of the key pros and cons of the Apple Card:

On the other hand, there are some drawbacks to consider. Apple Pay isn't accepted everywhere, so you may not be able to use the card at certain retailers. Additionally, purchases made with the physical card only earn 1% cash back, which is lower than the 3% rate offered with Apple Pay.

The Apple Card also doesn't offer any special financing options or welcome bonuses, which may be a drawback for some users. However, the card's lack of fees and high cash back rewards rate make it a great option for those who regularly use Apple Pay.

The Apple Card offers a range of benefits and features that make it an attractive option for Apple enthusiasts.

One of the standout features of the Apple Card is its simple and efficient design, similar to many Apple devices.

The card comes with a cash-back program that awards cardholders with 1-3% cash back, depending on the type of purchase.

You'll receive 3% Daily Cash back on purchases at Apple and select merchants when you use Apple Pay, such as Duane Reade, Mobil, and Walgreens.

The Apple Card also offers digital budgeting tools in the Apple Wallet app, allowing you to track your spending and stay on top of your finances.

In addition to cash back, the Apple Card also offers joint co-ownership, allowing you to build credit with a partner or spouse.

You can also connect your Apple Card directly to a high-yield savings account, earning a 4.40% APY on your Daily Cash rewards.

The Apple Card has a tiered rewards program, with different earning rates for different types of purchases.

Here's a breakdown of the rewards program:

The Apple Card also offers 24/7 call and text support, so you can get help whenever you need it.

You can manage your Apple Card and Daily Cash directly from your Apple Wallet, making it easy to stay on top of your finances.

The Apple Card offers a unique rewards program, but how do you redeem those rewards? You can use your Daily Cash rewards to make purchases via Apple Pay, sending money to friends, paying down your credit card balance, or growing your savings in a high-yield Apple Savings account.

The Apple Card has no fees, which means you won't have to worry about late payment fees or foreign transaction fees. However, the variable APR is 19.24% to 29.49% based on your creditworthiness. This is in line with other popular cashback cards on the market.

You can earn Daily Cash at a rate of 3% cash back on goods or services purchased directly from Apple, and 2% cash back on Apple Pay purchases and 1% cash back on all other purchases. If you regularly make purchases at Apple, it may seem like a no-brainer to use the Apple card.

Here are some ways you can redeem your Daily Cash rewards:

You can also use your cash back rewards to make purchases in iTunes, Apple Music, the App Store, iCloud, and Apple News+. The value of Daily Cash is the same, no matter how you redeem it.

The Apple Card and Apple Savings offer impressive security features.

The Apple Card is issued and provided by Goldman Sachs, a Member FDIC bank, which means your deposits are insured for up to $250,000.

This is reassuring, as it provides a safety net in case of any issues.

Apple uses end-to-end encryption to keep your financial information safe.

However, keep in mind that Apple will share some of your information with Goldman Sachs to provide you with banking services.

To open an Apple Savings Account, you'll need an Apple Card with a linked iPhone running at least iOS 16.4.

You'll also need to be an adult with a physical U.S. address and either a Social Security number or an individual taxpayer identification number.

The setup process is a bit more complicated than expected, but it's worth it to start earning interest on your Daily Cash.

To get started, go into your Wallet and tap your Apple Card, then press the More button and tap Daily Cash.

From there, you'll tap the Set Up button next to savings and follow the onscreen instructions to transfer any Apple Cash.

You can link your Apple Card to your Apple Savings Account to automatically deposit Daily Cash and Apple Cash balances. This allows you to earn interest on your savings.

The Apple Savings Account can help you earn a bit of extra interest if you're already immersed in the Apple ecosystem.

You can deposit Daily Cash, which is the cash-back rewards from using your Apple Card, into your Apple Savings Account.

To set up an Apple Savings Account, you'll need to have an Apple Card with a linked iPhone running at least iOS 16.4.

You'll also need to be an adult with a physical U.S. address and either a Social Security number or an individual taxpayer identification number, just like the requirements for opening an Apple Savings Account.

Head into your Wallet, tap your Apple Card, and press the More button, which looks like three dots in a circle.

From there, tap Daily Cash and then Set Up next to savings to begin the process.

If you're considering the Apple Card, you might want to look at some of its alternatives. The American Express Gold Card, for example, has a WalletHub rating of 2.3, which is lower than the Apple Card's rating of 2.8.

The Chase Freedom Unlimited card, on the other hand, has a WalletHub rating of 4.1, making it a strong contender in the market. This card also offers 0% intro APR for 15 months, which could be a great option for those who need to make a large purchase.

The American Express Gold Card, however, comes with a hefty annual fee of $325, which might be a deterrent for some users.

Here's a brief comparison of the three cards:

The Chase Freedom Unlimited card also offers a 0% transfer intro APR for 15 months, with a transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days.

Apple Card's Additional Info is a game-changer for customers.

You can easily view your latest transactions and balance in real-time right in Wallet.

Apple Card support is available 24/7 - just send a text from Messages and you'll get help when you need it.

Here are some other key features to know about Apple Card's Additional Info:

The Apple Card Reviews section is a treasure trove of insights from users who've had hands-on experience with the card.

There are currently 721 reviews of the Apple Card, giving you a wealth of information to consider.

Many users have shared their experiences, providing a comprehensive picture of the card's pros and cons.

The number of reviews is a testament to the card's popularity and the interest it has generated among users.