Barclaycard Visa® with Apple Rewards

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Tempted by the 0% financing offer? Don't bite!

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

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The Barclaycard Visa with Apple Rewards is Apple’s version of a store card. With this card you can earn rewards towards future Apple or iTunes products and take advantage of a one-time financing option to make a sizable purchase when you open the account. If you’re tempted by the thought of owning an iPhone X, but find the $1,000 price tag unpalatable, this card could help you pay it off over time without accruing extra interest.

 

Review

The Barclaycard Visa with Apple Rewards offers a one-time 0 percent interest financing deal with a term based on how much you’re spending. Purchases of $1,499 and higher will receive 24 months interest free, purchases of $999 to less than $1,499 will receive 18 months interest free, purchases of $499 to less than $999 will get 12 months, and $499 or less will have six months without interest charges.

Although this may seem like a great deal if you’re longing for a new laptop or you’ve been yearning for the latest iPhone, at Bankrate we don’t look favorably upon a credit card offer that encourages you to spend beyond your means.

In the long term, the main thing you need to consider is how much money you spend every year on Apple products. You’ll earn 3 points for every $1 spent at Apple Stores, apple.com, iTunes, or via phone by calling 1-800-MY-APPLE. With this card you’ll also earn 2 points for every $1 in net restaurants, and 1 point per $1 on all other purchases.

For every 2,500 points you earn, you’ll automatically receive your choice of either a $25 Apple gift card or a $25 iTunes gift card. This is a just-OK rewards system that’s truly designed for the Apple enthusiast.

Additionally, the terms and conditions state that if you don’t use the card for six months, you may not be eligible to earn rewards when you use it again. This is another example of potentially encouraging unnecessary spending and it raises a big red flag to us.

If you have great credit, you can qualify for 15.24 percent APR; not bad compared to the average variable APR, which hovers between 16 percent and 17 percent. But if your credit isn’t that great, you’ll either get an APR of 20.99 percent or an even worse 28.24 percent. If you carry a balance with this card, especially at one of the higher interest rates, it will far outweigh the benefits of the rewards.

We don’t think the rewards structure of this card or the intro financing offer is worth it. You’d be better off with a cash-back card that also has an introductory 0 percent APR offer, like the Chase Freedom Unlimited or the Blue Cash Everyday Card from American Express. Or consider the Amazon Prime Rewards Visa Signature Card, which pays 5 percent back on all purchases made on Amazon.com, including Apple products.

 

Who should get this card

Someone who uses iTunes and buys Apple products frequently throughout the year may benefit from the rewards structure of this card.

 

Fees and APR

  • There’s no annual fee to own this card.
  • This card has a variable APR on purchases and balance transfers of 15.24 percent to 28.24 percent, depending on your creditworthiness.
  • There’s an introductory 0 percent APR offer on purchases made within 30 days of opening the account. The length of the offer ranges from 6 to 18 months depending on how much you spend.
  • There’s a balance transfer fee of of either $5 or 3 percent of the amount being transferred, whichever is greater.
  • Foreign transactions will be charged a 3 percent fee.
  • Late payments won’t affect your APR but you may be subject to a penalty fee of up to $37.

 

Extras, perks and using points

Points are automatically redeemed when you accumulate 2,500. A $25 Apple or iTunes gift card will be mailed to you either electronically or via mail, depending on which you chose at sign-up. There is no fee to redeem your points and they do not expire as long as your account is in good standing.

 

How this card compares

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Credit Needed

Excellent/Good

Regular APR

16.74% - 25.49% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

Chase Freedom Unlimited is a solid, straightforward cash-back rewards card that’s ideal for cardholders who just don’t have the time or energy to track spending categories. It ranks among the very best cash-back credit cards we track.

There are other cards that offer better rewards, but the Freedom Unlimited’s 1.5 percent cash back on everything is an excellent reward coming from a no-annual-fee credit card.

Blue Cash Everyday® Card from American Express
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
Credit Needed

Excellent, Good

Regular APR

14.74%-25.74% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 15 months

Balance Transfers Intro APR

0% on Balance Transfers for 15 months

Depending on your spending habits, the no-annual-fee Blue Cash Everyday Card from American Express may ultimately give you better cash-back earnings with a rate of 3 percent at supermarkets, 2 percent at gas stations and select department stores, and 1 percent on all other spending.

Amazon Prime Rewards Visa Signature Card
  • 5% back at Amazon.com with an eligible Prime membership; otherwise 3% back
  • 5% back on Whole Foods Market purchases with an eligible Prime membership; otherwise 3% back
  • 2% back at restaurants, gas stations, and drug stores.
  • 1% back on all other purchases.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Regular APR

15.99% to 23.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

If you’re looking to earn maximum rewards back on your everyday shopping, you may want to consider the Amazon Prime Rewards Visa Signature Card. The card is free with a $99 Amazon Prime membership and the card pays 5 percent back on all Amazon.com purchases. Depending on how you spend, this card may result in greater net earnings for you.

Citi® Diamond Preferred® Card
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness
  • 0% Intro APR on purchases for 12 months from date of account opening. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions
  • No annual fee
  • Free access to FICO® Scores
Credit Needed

Excellent, Good

Regular APR

14.74% - 24.74%* (Variable)

Annual Fee

$0*

Purchase Intro APR

0%* for 12 months on Purchases*

Balance Transfers Intro APR

0%* for 21 months on Balance Transfers*

Citi Diamond Preferred gives you 21 interest-free months to pay off balance transfers. That’s the longest 0% introductory period available today.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.