Which credit card is best for you in 2019?
Which credit card is best for you in 2019?. The Apple credit card is designed for the 21st century, but is it a match for Amazon‘s popular rewards card?
The Apple Card has been out for several months now and is available to everyone in the US. The new card can be used in places that accept Apple Pay via iPhones ($999 at Amazon) and is designed to live inside the Apple Wallet app. But there’s also a physical titanium card you can swipe anywhere, just like a normal credit card.
Another popular card for tech-savvy shoppers and consumers, which has already been on the market in the US for a while, is the Amazon Prime Rewards Visa Signature card, a partnership with Chase bank.
Apple and Amazon are two of the biggest names in tech, and now each has its name on a credit card. So which one is the best? Let’s take a look at the Apple Card vs. Amazon card.
Apple Card
Cashback credit card rewards: The Apple Card offers cash back that can be used anywhere, at any time. Use the cash back to pay for groceries, pay a friend or pay down your credit card. The cash back is automatically delivered to your Apple Cash balance or to the card as a credit balance.
Where to earn: Earn 3% cash back on anything from Apple stores (namely an Apple Store, apple.com, the App Store or iTunes), including games, in‑app purchases and services such as your Apple Music subscription and iCloud storage plan. Receive 2% cash back at other stores by using Apple Pay (using the virtual card on your phone) and 1% cash back in stores that don’t accept Apple Pay (using the physical card). There are no earning caps, but your credit limit can max out the amount of cash you earn.
No fees: There are no fees for a missed payment or annual fee for cardholders with the Apple Card, and there are no transaction fees You will, however, still be charged interest in addition to what you already owe.
Annual Percentage Rates: Speaking of interest, Apple’s APR rates range from 13.24% to 24.24% interest on purchases, based on credit score.
Security features: The Apple Card has no credit card number on the physical card. There is a virtual card number in the Wallet App for when you use the card with Apple Pay. You can also see the pinpointed location and business of where a purchase was made.
Other features: The Apple Card is paired with the Wallet app, which has the appearance of a budgeting app. Spending summaries are available to show how much you’ve spent in each category. Purchases are color coded based on the type of things you purchase, such as food or clothes.
Payment: See how to save on interest before you make a payment. Apple Card will estimate the amount of interest you’ll pay, based on your payment amount.
Wallet app (and iPhone) required for sign-up: The Wallet app is exclusive to Apple’s own iOS devices, so if you don’t have an iPhone (or iPad) you can’t sign up to use it. Sorry, Android fans.
