Apple Card to Roll Out in August

Apple Card to Roll Out in August

August 1, 2019         Written By Bill Hardekopf

Apple’s much anticipated cash back credit card will arrive later this month. Tim Cook, Apple’s CEO, confirmed in an earnings call that the company “plan[s] to begin the rollout of Apple Card in August.”

The beta version of Apple Card is currently available to Apple employees. The card was initially unveiled in March with the promise of strong cash back incentives.

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Offering responsible credit without fees, Petal 2 is Petal’s most advanced card. It has no fees of any kind, is designed to help you build credit, and with cash back on every swipe, competes with other prime rewards cards.

Unlike standard cash back credit cards, the Apple Card offers daily cash back. Traditionally, cash back is accumulated and applied as a statement credit once a month. Apple adds the cash back at the end of each day, providing faster access to those funds. Cash back categories include:

  • 3% cash back on purchases directly through Apple (physical Apple Stores, iTunes, Apple.com, etc.)
  • 2% cash back for purchases made with Apple Pay
  • 1% cash back on other transactions

In addition to its cash back features, Apple Card has no annual fee, cash advance fees, over-the-limit fees or international fees.

Within the app, cardholders can see “smart payment suggestions” to save money on interest. For example, they can see how much interest they will save if they pay half of their card balance instead of the minimum payment. All card payments are due on the last day of the month.

The application is not available yet, but interested applicants can sign up for email alerts for updated information.

The information contained within this article was accurate as of August 1, 2019. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.