Apple Card vs. Blue Cash Everyday Card from American Express
The Blue Cash Everyday® Card from American Express is a $0 annual that offers elevated cash back on a greater range of products and services. It’s a great alternative if you don’t use Apple products and have no desire to get started. You’ll get a regular credit card that you can use everywhere American Express is accepted.
The card gives you 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%. 1% cash back on other purchases. Terms apply. Cash back is easily redeemable for statement credits.
Although there are caps on the elevated cash back earnings, this amounts to spending $500 per month in each of the categories. According to a LendingTree study, the average family spends just over $400 on groceries and restaurants each week which suggests it’s possible to max out the rewards potential for most cardholders.
Additional perks include an intro APR of 0% on purchases for 15 months and 0% on balance transfers for 15 months (then a 19.24%-29.99% Variable APR applies). You’ll also earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
Since there is a foreign transaction fee of 2.7% of each transaction after conversion to US dollars., you’ll want to leave it home when going outside of the United States.
To see rates & fees for Blue Cash Preferred® Card from American Express please click here.
Apple Card card vs. Capital One Quicksilver Cash Rewards
The Capital One Quicksilver Cash Rewards Credit Card is a good stand alone card with no annual fee for people who like simplicity, since it offers the same rewards on every purchase. You’ll earn unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). Also, you’ll get a physical card that you can use virtually anywhere — no iPhone needed. There’s also a sign-up bonus: earn a One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.
Also, it includes an intro offer to help you finance a purchase or pay off high interest debt. You’ll get an APR of 0% intro on purchases for 15 months and 0% intro on balance transfers for 15 months, then 19.99% - 29.99% (Variable). While the Apple Credit Card does allow interest-free financing, it’s limited to eligible Apple purchases only. With the Capital One Quicksilver Cash Rewards Credit Card you can use it on anything you can buy with a credit card.
If you’re seriously considering the Apple Credit Card, you might even consider pairing it with the Capital One Quicksilver Cash Rewards Credit Card. You can get a slightly higher rewards rate on purchases outside the Apple Credit Card‘s bonus categories.