Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Apple Card Review | U.S. News

The Apple Card is issued by Goldman Sachs Bank USA and earns cash back on every purchase. Cardholders earn 3% cash back on Apple purchases and Apple Pay purchases made at select businesses, 2% back on all other Apple Pay purchases and 1% back when you use your physical Apple Card.

Cash back is automatically added to your Daily Cash balance in the Wallet app, and it can be used anywhere you use Apple Pay, sent to recipients through iMessage or transferred to a bank account. The card charges no fees, though it does charge interest with an annual percentage rate of 19.24% to 29.49% variable.

  • Issuer NameGoldman Sachs Bank USA
  • Annual Fee$0
  • APR19.24% – 29.49% Variable

  • Use Apple Pay.
  • Prefer no fees and simple rewards.
  • Want same-day access to the cash back you earn.

With your Apple Card loaded onto Apple Pay, you can earn at least 2% cash back any time you use Apple Pay to make a purchase. But the card only earns 1% cash back if you’re not using Apple Pay, so it’s best to use a different card if you can’t use Apple Pay.

For example, you could pair the Apple Card with the Citi Double Cash® Card, which allows you to earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel portal through 12/31/24. That way, you’ll always earn at least 2% back on your purchases whether you’re using Apple Pay with the Apple Card or the Citi Double Cash® Card.

You can quickly access cash back you’ve earned with daily cash back deposits to your Daily Cash in the Wallet app. You can use your cash back for Apple Pay purchases, send it to contacts, get a statement credit or deposit it in a bank account.

Editor’s Take

The Apple Card is a convenient and easy-to-use option for Apple loyalists who want to earn cash back while using Apple Pay. A 3% cash back rate on purchases with Apple and select merchants is tough to beat.

Still, the Apple Card isn’t your only option for paying with Apple Pay, as many major credit and debit cards are supported in the mobile payment app. You could get the same 2% cash back you’d get from using the Apple Card on Apple Pay from other cards with more broad appeal and better features. For example, the Citi Double Cash® Card lets you earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back, and unlike the Apple Card, offers a sign-up bonus and an introductory APR.

Jessica MerrittContributor

The Apple Card doesn’t have a sign-up bonus.

The Apple Card earns its highest rewards rate – 3% cash back – when you use Apple Pay to make a purchase with Apple and other participating merchants. You may also find value in getting 2% cash back when you use Apple Pay to make a purchase with the Apple Card.

Apple Card users with a savings account in Apple Wallet can also choose to send their Daily Cash – where rewards sit – to the savings account to earn a competitive annual percentage yield.

U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.

Best in Cash Back Credit Cards

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

Articles: 962