Sign up for your free account    Sign Up Now
From the Experts at

Apple Credit Card Review: A Good Option for Financing Apple Purchases

Advertiser Disclosure


When most people think of retail store credit cards, they imagine sky-high interest rates and the inability to use the card outside of that individual store. The Barclaycard Visa with Apple Rewards, also known as the Apple credit card, is very different from this perception. While you might be rewarded the most for shopping inside an Apple store, it’s actually issued by Barclaycard, and it’s a Visa card. That means you can use the card anywhere Visa is accepted.

Special Financing on Purchases

If you are planning to purchase a new Apple computer, or any other expensive Apple product, and would like a little extra time to pay it off, then this would be a great card to use. It offers up to 18 months of special financing on all Apple purchases, made within 30 days of opening your account. Here is the breakdown on special financing:

  • 6 months on purchases below $499
  • 12 months on purchases $499 to less than $999
  • 18 months on purchases $999 and over

With this promotional financing offer, you will receive no interest/deferred financing for the time period mentioned above. It’s important that you make timely payments and have the purchase paid off by the end of the promotional period. If there is still a balance, or you are late with a payment, then interest will be assessed, back to the date of purchase. If you have purchased an expensive computer, then this could end up making it a much more expensive purchase than you had budgeted. For purchases without special financing, the standard purchase annual percentage rate (APR) will be a variable 16.24%, 22.24% or 28.99%, based on your credit.

A strategy that works for most people is to take the total amount due and divide it by the number of months you have to make payments. This is the total amount that you need to pay each month to pay off the item before the end of the promotional period. For example if your computer cost $1,000 and you have 18 months to pay it off, you need to pay at least $56 per month. Add this amount to your monthly household budget and you will keep yourself on track.

Earning & Redeeming Rewards

When you use your Apple credit card for purchases at Apple stores, or iTunes, you will receive three points for every $1 spent. Anytime you use the card at restaurants you will receive two points per $1. All other purchases will earn one point per $1. When it comes time to redeem your points, you can do so for Apple or iTunes gift cards. For every 2,500 points that you earn, you will receive a $25 gift card.

Card Benefits

You may receive a Visa Signature card. As a Visa Signature cardholder you will receive 24/7 concierge service. If you need help booking travel plans or need a dinner reservation, you can call and have them take care of it for you. You will also receive an extended warranty on purchases you make using your card.

The Costs

As mentioned earlier you can receive up to 18 months of no interest/deferred financing on Apple purchases. The standard APR on both purchases and balance transfers is either a variable 15.99%, 21.99% or 28.99% depending on your creditworthiness. Balance transfers carry a fee of 3% of the transaction or $5, whichever is greater and transactions outside the United States carry a 3% fee. There is no annual fee.

Alternatives to the Apple Credit Card

The Apple credit card offers a lot of opportunity to anyone that frequently spends a lot of money on Apple products. Unfortunately, it has one big miss. Unlike a lot of retail store credit cards, you will not receive coupons that can help you save money on purchases.

If you frequently spend a lot of money with Apple, then the Apple credit card is probably a no brainer. The 3 points per dollar you will receive on purchases is great, and the gift cards could help you save on your regular Apple or iTunes purchases. However, if you are just an occasional shopper, then it might be best for you to look for a card that will earn higher than just one point for every dollar you spend on everyday purchases.

Chase Freedom Unlimited

Chase Freedom Unlimited®

Apply Now
on Chase's secure website
Card Details
Intro Apr:
0% for 15 months on purchases

Ongoing Apr:
17.24% - 25.99% Variable

Balance Transfer:
Intro: 0% for 15 months

Annual Fee:

Credit Needed:
Snapshot of Card Features
  • New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit JourneySM
  • No annual fee

Card Details +

Another card that is perfect for everyday purchases is the Chase Freedom Unlimited card (full review here). You earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases, this is great for anyone that doesn’t want to keep track of bonus categories. If you also have a card that earns Ultimate Reward points, like the Chase Sapphire Preferred or Chase Sapphire Reserve, then your cash back can be turned into Ultimate Reward points.

If you like the special financing offered on the Apple credit card, then you might be interested in the Intro: 0% for 15 months APR on purchases and balance transfers that comes with the Chase Freedom Unlimited. After this introductory period, the APR will change to a variable 17.24% - 25.99% Variable. This card also has a $0 annual fee.

At publishing time, the Chase Freedom Unlimited cards are offered through product pages, and is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

This article last updated April 25, 2019.

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Sign up for your free account. Learn More

Certain credit cards and other financial products mentioned in this and other articles on News & Advice may also be offered through product pages, and will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.