Introduction
If you're planning to apply for the Apple Card credit card, then you'll soon have to know what is the Apple Card credit score requirement. This article will help you understand this rule and dispell some myths.
The Apple Card credit score requirement is a little different for some than for others. In general, though, it's something that you should be aware of if you are considering applying for the Apple Card.
What Is the Apple Card Credit Score Requirement?
What Is the Apple Card Credit Score Requirement?
The Apple Card is a credit card with a variable APR. The APRs on the card range from 15.24% to 25.24%, based on your credit history and credit score. These APRs are variable, so they can change if your credit score improves or declines.
This means that you may be able to qualify for an Apple Card with a higher rate than you would get with most other cards, but it also means that if your credit score gets worse, you could end up paying more than you need to right away.
You can check your APR when applying for an account or at any time by logging into your online account and selecting "View My Account." You'll see both the current interest rate and what it will be once your account is opened.
Here’s What You Need to Know About Apple’s New Credit Card
Apple has a new credit card. You might have heard about it — it’s called the Apple Card and people are talking about it. But what is the Apple Card? And how does it work?
Apple first announced the Apple Card at its annual shareholders meeting in June 2019. The company made its intentions clear: The new credit card would be available to all U.S. consumers, not just Apple employees, and the card would be tied to a new rewards program that would require users to maintain a certain credit score or face reductions in rewards.
Apple didn’t provide many details about the card at first, but it soon became clear that the company wanted to take advantage of its enormous customer base and use it as a tool for reward-earning opportunities. At this point, however, there was still no sign of when or where you could get an actual physical card — until now.
Where You Can Use Your Apple Card
Where You Can Use Your Apple Card
Your Apple card can be used anywhere Visa is accepted, which means you'll have no problem finding places to spend your money. You can use your Apple card at more than 60 million merchant locations around the world, including many of the best grocery stores and big-box retailers like Walmart and Target.
You can also use your Apple Card wherever Mastercard is accepted, including popular online stores like Amazon .com and eBay.
Apple Card Features and Benefits
Apple Card Features and Benefits
The Apple Card offers a number of features and benefits to its users. Here are some of the most important ones:
Merchant cash advance fee waiver. The card comes with a merchant cash advance fee waiver, which means that you’ll never have to pay interest on your credit line if you use it at a merchant location that offers this benefit. You can also put the full amount of your purchase on your card at no cost when you apply so long as you have enough available credit.
Apple Rewards Program. If you sign up for the Apple Rewards Program, then you will earn points when using the card at approved merchants, which can be redeemed for gift cards or cash back rewards. There is no annual fee for this program, but there is an annual fee for every statement period ($30 per year) after that first year.
No foreign transaction fees. The Apple Card does not charge any foreign transaction fees when using it outside of the United States and Puerto Rico, so there are no additional fees associated with using it in another country or having someone else use it outside of those two locations. These types of fees often make international travel more expensive than domestic travel, so this is something that many people may find useful!
The Pros and Cons of the Apple Card
Pros
Cashback reward: If you spend $10 in a single transaction, you'll get 1% cash back. If you spend more than $50 in a single purchase, however, you'll earn 2% cash back. That's a lot higher than most other rewards cards offer — and it's even better if you're an iPhone user who spends $100 or more per month on Apple products and services. The maximum cashback is $100 per quarter.
No annual fee: You won't have to pay any annual fees on this card. There's no foreign transaction fee or balance transfer fee either — both of which can be quite expensive for consumers with bad credit scores.
Cons
The Apple Card is one of the most popular credit cards out there. But it's not for everyone.
Here are some of the cons of this card:
1. There's no annual fee for the first year, but after that, you'll be charged an APR that's higher than other cards.
2. You can only open an Apple Card in person at a store or through an authorized agent.
3. You're limited to a two-year term on your Apple Card account, which means you need to make payments when they're due or else your credit score could drop significantly.
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