If you’ve been on the fence about signing up for the Apple Card, now might be the optimal time to do so.
New applicants who apply and are approved for the Apple Card between March 1, 2021, and March 31, 2021, can save 6 percent for the month of March when using their card to pay for Apple products in full.
The 6 percent back promotion essentially doubles the amount of Daily Cash typically offered by the card—3 percent cash back on Apple purchases.
Keep in mind that new cardholders only receive a heightened 6 percent back during the month of March 2021. Once April hits, all cardholders will receive 3 percent back on Apple purchases.
To qualify for the offer, purchases must be made in full (rather than Apple Card monthly installments, for example).
Is the Apple Card right for me?
Here’s a quick overview of the Apple Card to help you determine whether or not this cash back credit card is right for your spending style:
- 3 percent cash back on Apple purchases
- 3 percent back at select merchants (for example, Panera Bread, T-Mobile, Uber Eats, Nike, Exxon, Mobil and Walgreens) when you use your Apple Card with Apple Pay
- 2 percent back on all other purchases made using your Apple Card with Apple Pay
- 1 percent back on all other purchases made with the physical card
The Apple Card doesn’t charge an annual fee, and it may be a good choice as a starter credit card given it’s lack of traditional card fees. You won’t owe a late payment fee for paying your monthly bill past its due date or an over-the-limit fee for making a purchase that exceeds your credit limit. Should you make a trip abroad in the future, you also won’t owe foreign transaction fees on any purchases made outside of the U.S.
Of course, if you don’t frequently use Apple Pay (and don’t plan to) or aren’t an Apple devotee, this card might not be your best option. There are plenty of other no-annual-fee credit cards that can reward you for everyday purchases, such as gas and groceries, or offer you a flat-rate of rewards for everything you buy.
How to apply for the Apple Card
If you’ve had your eye on the Apple Card and are set on applying, you can do so via your iPhone’s Wallet app or on the Apple Card website.
Note, if you’ve previously applied for the card and were declined, Apple’s Path to Apple Card program may give you the guidance you need you secure the card with a few months of responsible credit use.
The bottom line
The Apple Card is a fine option for lovers of the Apple brand, and its frequent bonus Daily Cash offers and lack of fees may sweeten the deal for potential applicants.