Chip Lupo, Credit Card Writer
@CLoop
Yes, the Apple Card is a credit card. The Apple Card is issued by Marcus by Goldman Sachs, works wherever Mastercard is accepted, reports to the credit bureaus, and allows you to pay off purchases over time. There are quite a few important things to know about the card before you apply, though.
Key Facts About the Apple Card
- Issuer: Marcus by Goldman Sachs
- Network: Mastercard
- Credit requirement: Good credit
- Annual fee: $0
- APR: 17.74% - 27.99% (V)
- Foreign transaction fee: 0%
- Rewards: 1 - 3% cash back
To sum things up, Apple Card is a credit card, but it may or may not be the best credit card for you depending on your needs, qualifications and spending habits. You can learn more about this card from WalletHub’s full review.
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People also ask
What is the Apple Credit Card credit limit?
The Apple Card credit limit is usually around $2,500 to start, according to forum posts, and some cardholders report limits as high as $20,000. Marcus by Goldman Sachs does not include any specific Apple Card credit limit information in the card’s terms, though.
Apple Card credit limits depend on each applicant’s overall creditworthiness. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.
That said, the Apple Card credit...
read full answer by Chip Lupo, Credit Card WriterIs the Apple Card a Visa or Mastercard?
The Apple Card is a Mastercard. You can use your Apple Card at nearly 11 million merchants that accept Mastercard nationwide. Plus, your card is accepted in more than 200 countries and territories.
There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including extensive worldwide acceptance. As a result, it’s more worthwhile to compare...
read full answer by Maria Adams, Credit Cards ModeratorWhat is the Apple Credit Card credit score requirement?
The Apple Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Apple Card.
Note that while your credit score is very important, plenty of other things will impact your chances of being approved for the Apple Card. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status, and employment status.
If you...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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