Review: Apple Credit Card

apple-credit-cardApple offers a credit card that gives you special financing on your iPad, iPhone, Mac, iPod, or other Apple device — including a rewards program and the ability to pay no interest on purchases for as long as 18 months, depending on what you buy.

Issued in partnership with Barclaycard, the Apple Visa offers a points program that gives you:

  • 3 points per dollar on Apple Store purchases.
  • 2 points per dollar on restaurant purchases.
  • 1 point per dollar on all other purchases.

Every time you accumulate 2500 points, you get a $25 Apple Store or iTunes gift card.

In addition, you can get a 0% interest rate on your Apple purchases. Get a 0% rate for 18 months if the purchase is $999 or more. If it’s below $999 but $499 or more, you get a 0% rate for 12 months. Purchases under $499 qualify for a 0% rate for 6 months.

Here’s what you need to understand about those 0% offers, though. If you don’t pay off every cent of your balance within the promotional period, you will be charged ALL of the interest that would’ve accrued from the date you made the purchase — as if the 0% offer had never existed! And the rate you could pay could be as high as 27.24% depending on the rate at which you are approved. (You could also be approved at a 14.24% or 20.24% rate.) So, do NOT get this card for a 0% offer unless you are completely sure you can pay it off completely and in time to avoid all that interest!

You can apply for the Apple credit card online via this application.