The Apple Card is a fantastic credit card experience. I received mine a few weeks ago. You probably aren't thinking of getting another credit card - but let me tell you why you should consider an Apple Card.
First, let me describe which cards I use and why.
Amazon Prime Rewards Visa Signature Card
This card earns 5% back on all Amazon (and Whole Foods, etc.) purchases. No annual credit card fee, no foreign transaction fees, and no earnings caps. This is a no brainer. You should be making 100% of your Amazon purchases using this card.
You get 2% back on restaurants, gas stations, and drug stores.
Now, if you travel even moderately…. See my pro traveler tips for how I approach travel credit cards.
Chase Sapphire Reserve or Preferred card
This card earns 3% on any travel, transportation, or dining related purchases. You can then spend those points and get a 50% bonus when making flight reservations that earn you miles. There is simply no more leveraged way to make money if you travel.
So how does this work? Say you spend $3000 on plane tickets and hotel rooms. You will earn 9000 points. Now you can go and spend those 9000 points on an airline ticket the next time you fly, and that will be worth 13,500 points to spend or approx $150. So your $3000 travel spent earned you $150 or 5% back.
In addition to this, you get a few other benefits like $300 travel credit per year and fantastic car rental insurance when traveling internationally as well as lounge access through Priority Pass.
American Express Platinum
Not quite as good as the Chase card and comes with a high annual fee, but you can recoup nearly all of it.
$200 of uber credit per year (can be used on Uber Eats)
$100 of credit at Saks Fifth Avenue
$200 Airline Fee Credit
Access to all the Amex Lounges worldwide.
The Amex card is useless to use as a spending card in my experience, so I don't use it.
The Apple Card is an exciting twist on credit cards. It's designed to be used if you are an iPhone user as there is no web site or anything to check your spending. It's all done on the phone.Read More