3 ms·

My Apple Card gives me an entire month to pay off the balance, and I am actively encouraged to keep paying it off throughout the month. The cash back rewards a

• jwells89 2y ago
  It's also nice that the cash back is actually cash which can be automatically directed into the accompanying savings account, where it accrues 4.10% APY interest. None of the usual funny business with points with shifting valuations, restrictions on how they can be spent, etc.
  • xp84 2y ago
    Not that I mind anyone's preference for cash, but there are a ton of people in the credit card rewards 'game' who vastly prefer points (especially the top tier of 'transferable' points). In general, you can usually get more value out of points. My main point (no pun intended) is that the implication that paying rewards in something like points or miles is done mainly as a scam, is inaccurate. On the good credit cards, at least.
• starttoaster 2y ago
  The cash back rewards is not, as far as I know, actually all that good in comparison to its competitors like American Express. Giving a month to pay off a balance I believe is referred to as a "grace period" which is pretty common place in credit cards. A month is nice, but I believe most cards are usually around 4 weeks. But the UI for the card's online banking is fairly attractive, especially if you're already an iPhone user, which I imagine most Apple card holders would be.
  • _mlbt 2y ago
    > The cash back rewards is not, as far as I know, actually all that good in comparison to its competitors like American Express. There are definitely cards with better rewards, but few with such a straightforward and simple cash back program. Also, the rewards are not bad by any means. I also like the tight integration with the high yield savings account, which again is not the best rate possible, but makes up for it with the UI of its software and overall simplicity and ease of use. > Giving a month to pay off a balance I believe is referred to as a "grace period" which is pretty common place in credit cards. A month is nice, but I believe most cards are usually around 4 weeks. I'm talking about the actual due date, not the grace period which is a different thing entirely. You have until the last day of the following month to pay off the balance to avoid incurring interest, which is different than any other credit card I've ever used. Usually the due dates are a specific day of the month which often changes every month.
    • NavinF 2y ago
      Most credit cards have the due date on the same day every month. You can also change it online to to another day of the month if that's something you care about. Personally I just set up autopay from a brokerage account and never think about when anything is due. Why would it matter?
      • _mlbt 2y ago
        It’s not a huge deal on its own but it’s part of the overall “user friendly” nature of the card as a whole. Having the whole balance be due at the end of the month just makes it easier for me to use it as my “daily driver” rewards credit card.
      • themadturk 2y ago
        I think the due date can be different than the closing date, which is when the interest is calculated, and they are not the same on every card.
• tiltowait 2y ago
  The app is such a killer feature for me that I’m more than willing to accept somewhat lower rewards compared to other cards.