Yes, Apple offers a credit card called Apple Card

Apple Card is a credit card issued by Goldman Sachs in partnership with Apple. It works like a standard credit card but is designed to integrate with Apple's ecosystem — you can use it physically as a titanium card, or add it to Apple Pay on your iPhone, iPad, Apple Watch, or Mac. The card earns cash back on purchases, with the percentage varying by where you spend.

Apple Card is not a rewards card in the traditional sense. Instead of points or miles, you earn cash back directly — called Daily Cash — that appears in your Apple Wallet the same day you make a purchase. This cash back can be spent anywhere Apple Pay is accepted, sent to another person, or transferred to your bank account.

Key Takeaways

  • Apple Card earns 3% Daily Cash on purchases at Apple, 2% when you use Apple Pay, and 1% on physical card purchases.
  • There is no annual fee, no late fees, and no penalty interest rates — Goldman Sachs charges only a standard variable APR on your balance.
  • You need an iPhone or iPad to open an Apple Card account, and the approval process happens entirely through the Wallet app.
  • Daily Cash appears in your Apple Wallet immediately and can be spent, sent to others, or transferred to a linked bank account.

How the cash back structure works

Apple Card's cash back rates depend on how and where you spend. You earn 3% Daily Cash on purchases made directly at Apple — including the Apple Store, apple.com, and Apple services like Apple Music or iCloud+. You earn 2% Daily Cash when you use Apple Pay to pay at any merchant that accepts it. You earn 1% Daily Cash when you use the physical titanium card.

The cash back is calculated on the full purchase amount and appears in your Wallet the next business day. If you return an item, the cash back is reversed. Unlike some rewards programs, there is no cap on how much cash back you can earn, and there is no category rotation or bonus structure to track.

Fees and interest rates

Apple Card has no annual fee, no late fees, and no penalty APR. If you carry a balance, you pay a standard variable APR that Goldman Sachs sets based on your creditworthiness and current market rates. The APR range is typically between 16.99% and 23.99%, though your actual rate depends on your credit score and credit history at the time you open the account.

You will not be charged a fee for paying late, but interest will accrue on any unpaid balance. If you pay your full statement balance by the due date, you pay no interest. Apple Card also does not charge foreign transaction fees, making it useful for travel outside the United States.

How to open an Apple Card account

You need an iPhone or iPad running a current version of iOS or iPadOS to open an Apple Card account. Open the Wallet app, tap the plus sign, and select "Apple Card." You will be asked to provide your name, date of birth, address, and the last four digits of your Social Security number. Goldman Sachs will perform a hard credit inquiry, which temporarily lowers your credit score by a few points.

The approval decision usually comes within minutes. If you are approved, you can use Apple Pay immediately. The physical titanium card ships separately and typically arrives within one to two weeks. You do not need to wait for the physical card to start using the card for purchases.

Apple Card versus other rewards cards

Apple Card's main advantage is simplicity and speed — cash back appears the next day, there are no points to redeem or transfer, and the interface is built into your phone. The 2% cash back on Apple Pay purchases is competitive with flat-rate cards like the Citi Double Cash (2% on all purchases) or the Capital One Quicksilver (1.5% on all purchases). The 3% at Apple is higher than most cards offer in a single category.

The main limitation is that you earn only 1% on physical card purchases. If you often pay with the physical card instead of Apple Pay, you will earn less cash back than you would with a flat-rate card. Apple Card also does not offer bonus categories for groceries, gas, dining, or travel — categories where other cards earn 3% to 5%. If you spend heavily in those categories, a card like the Chase Sapphire Preferred or the American Express Blue Cash Preferred may earn more.

Who should consider Apple Card

Apple Card makes sense if you use Apple Pay regularly and want a simple way to earn cash back without managing points or redemption options. It is also useful if you want a card with no annual fee and no late fees, since those protections appeal to people who value straightforward terms. The 3% at Apple is worth considering if you buy from Apple frequently — whether devices, apps, or services.

Apple Card is less useful if you rarely use Apple Pay, prefer to use a physical card, or spend heavily in categories like groceries or gas where other cards earn higher rates. It is also not available to people without an iPhone or iPad, which eliminates Android users and some older device owners.

Frequently Asked Questions

Can I use Apple Card without an iPhone?

No. You need an iPhone or iPad to open the account and manage it through the Wallet app. You can use the physical card at any merchant that accepts Mastercard, but you cannot open or manage the account without Apple's devices.

Does Apple Card report to the credit bureaus?

Yes. Goldman Sachs reports your account activity, payment history, and credit limit to Equifax, Experian, and TransUnion. Using Apple Card responsibly — paying on time and keeping your balance low — will help build your credit score over time.

What happens to my Daily Cash if I close the account?

Any Daily Cash in your Apple Wallet remains yours. You can transfer it to a linked bank account or spend it through Apple Pay before closing the account. Once the account is closed, you cannot earn new Daily Cash, but existing cash is not forfeited.

Is Apple Card worth it if I do not use Apple Pay much?

Probably not. If you use the physical card most of the time, you earn only 1% cash back, which is lower than many flat-rate cards. A card like the Citi Double Cash or Capital One Quicksilver would earn you more if you do not plan to use Apple Pay regularly.

Can I get a higher credit limit after opening an account?

Yes. Goldman Sachs reviews your account periodically and may increase your limit automatically. You can also request a limit increase through the Wallet app. Requesting an increase may trigger a hard inquiry, which temporarily affects your credit score.