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Unsurprising since we've heard about this in the past. I wonder if there is another issuer(s) lined up for the card and the savings account. The savings accou
by johnbatin 3y ago
Unsurprising since we've heard about this in the past.
I wonder if there is another issuer(s) lined up for the card and the savings account.
The savings account doesn't have the highest interest rates, but I like how my Apple Card cashback can go right into the savings account. It's kind of like a set it and forget it type of thing.
I'm hoping this isn't the end of the Apple Card or the savings account though. It's nice getting 2% CB on Apple Pay and 3% on Apple products.
- ceejayoz 3y ago2% on everything - no Apple Pay required - is widely available. Citi, Wells Fargo, and PayPal each have a 2% no-annual-fee card. It's not that hard to get 5% back on Apple products if you're willing to buy Apple gift cards from a grocery store, either.
- 404mm 3y agoYup, grocery store or a book store. I agree, those benefits are easily obtainable elsewhere. I do like the automatic 0% interest on all Apple purchases. Not that I need it but it’s nice to keep the money if there is no reason to pay all upfront. Everybody mentions the positive features about Apple Card, but I’d like to point out that besides the really good cash back, the card is quite bare bones. No extended/doubled warranty on purchases, no purchase return protection, no device drop protection..
- chrisfinazzo 3y agoEnding the savings account would be a real shame - I never asked for a physical card, so all Apple Card transactions go through Apple Pay before landing in that account. Getting (effectively) 6% back on everything is a real boon. I know there are even higher rates out there, but this feels so effortless that I would hate to see it go away.
- ericpauley 3y agoYou’re not getting 6% on everything, not even close. Assuming the 1% back goes into savings and you wait a year, you’ll get 1.05% back.