The latest credit cards to hit the market place are none other than the Apple card and they are becoming extremely popular. As with anything there are pros and cons of any product. However this is no different to any other credit card, whether it is the Virgin credit card or the Natwest credit card. So, what are the apple card and what can you use it for?
The basic difference between the Apple card and a normal credit card is the fact that it does not have any type of interest on balance transfers. It also does not charge fees for late payments or for making purchases with a credit card account. This means that it is ideal for those who have a good record and pay their bills on time. If you are a high risk customer you may want to consider other options, but if you are just one late payment away from being declined, then this card is perfect for you. The best thing about it is that the cost is zero dollars making it ideal for those who don't like to carry extra cash around.
Another positive aspect of this card is that the cost of transactions is low. This is in stark contrast to the Virgin card and other credit cards that are currently on the market. Now when you compare the cost of making a purchase using a credit card against the cost of using your debit card, you will quickly realize that carrying a large amount of cash around is not only expensive but also not very efficient. This is especially true if you are buying expensive items that you know you cannot afford to pay cash for. If you use a debit card instead you know that the money is gone once you have used it, you are then able to use it for something else, which keeps the cost down and you feel good about how you spent your money.
There are a few negatives of this card, but they are all fairly minor. For one the monthly fee is a bit steep, but this is only something that you have to pay one month and not all the time. Also, you are not given any type of reward program. If you are a business person you might find this a little discouraging, however it is still an option. The company does offer business owners a grace period after you have made two thousand dollars in purchases using the credit card. Also you may find that it is better to have this than no credit card at all because there are so many advantages to having a card.
You are not tied to any one store, so you can shop around for the best price and deals that you can get. Also you do not have to worry about making a payment each and every month. The apple card is just simply a debit card with which you deposit money into an account. Instead of worrying about paying monthly bills you can easily buy things online or anywhere with credit card.
In order to use your debit card online you will need to have a checking account and most merchants will accept the debit card as well. You are not going to be allowed to take advantage of all the perks the card has to offer. However this is not a deal breaker for many people. Also, if you do decide that you are going to get an apple debit card then you are going to have to decide if you are going to get a prepaid card or if you are going to go for an actual card. Prepaid cards are great because they are pretty much just like cash, but you will not be able to spend your entire balance.
Getting back to the apple's card is the debit card, overall they both are pretty good programs. The main thing that you are going to find that is different is the interest rate. If you have bad credit then getting one of these cards could end up being a little bit of a problem, but if you do have good credit then you should be able to easily qualify. Also the fees that you have to pay for your Apple card is very low. The fee is less than the commission that you would pay if you were to buy merchandise with your credit card.
Overall you will find that an apple debit card is a great card to have. It may be a little difficult to qualify for if you are looking at the no application process, but once you do you should be set. You will have instant access to cash and you will not have to worry about missing a payment. The Apple card is also tied to a bank account which is another plus to it. So if you are in need of some extra money, an apple credit card is what you should go with.
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