![]() If You Want A True No-fee Credit Card, Then Consider One Of TheseĬapital One VentureOne Rewards: Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel.ġ.25X miles on every purchase, every day and pay no annual fee. Both of them are valuable metal credit cards with lucrative bonuses. ![]() And with new iPhone models having now cracked the $1,000 threshold … well it’s pretty obvious Apple might not be charging an annual fee directly to have an Apple card, but the consumer is going to pay a very real cost.Ī $1,000 iPhone X is more than a decade’s worth of $95 annual fees! Or roughly two years of annual fees for the American Express Platinum card or ten years of annual fee for the credit card Capital One Venture Rewards. So that means at some point, an iPhone 7 user with an Apple card will be forced to upgrade to a new phone. To that end, you have far-better options than the Apple card and the largest hidden fees in the business.Īpple reportedly is already looking to dump the iPhone 7 later this year in terms of support. The entire history of iPhone – the entire history of modern technology – has been planned obsolescence, that is designing products with the underlying idea that new versions will not support older versions, thereby necessitating that consumers spend more money to get the new version.Īt the end of the day, a credit card is primarily to buy things without the need for a wad of cash or the time-consuming need to write a check. ![]() For them to use the new Apple card, they’d likely have to upgrade to a more expensive phone. I know many people still using an iPhone 5 or 6. Sure, the iPhone 5s and 6 have fingerprint technology, but early betting is that you will need at least an iPhone 8 to use an Apple card - maybe an iPhone 7 at the oldest. So just to join the party you have to go buy an iPhone if you don’t have one.Īnd not just any iPhone, you need an iPhone with face ID or fingerprint technology. You have to own an iPhone to use the card! To make a purchase, an Apple cardholder will need to log into their phone and approve the purchase with a face ID or a fingerprint.Īnd that right there tells you that the Apple card has what I’ll bet is the largest hidden fees in the credit card world. Plus, you’ll get cash back daily that you can use immediately.Īs well, the Apple card offer will rely on two-factor authentication for Apple Pay, which currently allows users to store their other credit cards in the digital wallet on their iPhone. And given the status of metal cards – and the idea of flaunting a sleek Apple card – I’m betting the vast majority of cardholders will request the physical card.Īpple says the card will charge no annual fee and no foreign transaction fees and will offer a cash back component: 3% on Apple products 2% when using Apple Pay and 1% when using the physical card. The card exists virtually on your iPhone, though you can request a physical, titanium metal card if you wish.
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