The Apple Card just launched this week - here's how it stacks up against other similar credit cards
- Apple just launched the Apple Card this week, which you can use through the iPhone's Wallet app or an optional titanium card.
- What really sets the Apple Card apart is its lack of fees, considering it doesn't charge any fees for late payments or balance transfers.
- But its rewards system feels a bit limited compared to some other available options.
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Apple just launched the Apple Card on Monday, a digital-first credit card that lives in the iPhone's Wallet app. It's now available for iPhone users in the United States after it launched for a small number of users earlier this month.
Among the biggest advantage that the Apple Card offers is its lack of fees. Not only is there no annual fee, but there are no fees period - not even penalty or transaction fees.But other options have more to offer when it comes to rewards and flexibility. Amazon, for example, offers 5% back on purchases made on Amazon.com and Whole Foods, while Apple only gives you 3% back on Apple purchases. You can also only get 2% back on purchases if you use Apple Pay, whereas the Citi Double Cash card gives you 2% back on all purchases. (The advantage with Apple, though, is that you get your cash back right away, rather than having to wait until your balance is paid).
Here's a quick look at how the Apple Card compares to other cards without annual fees from Citi, Capital One, and Amazon.