Apple Card versus PayPal Cashback: Apple Card has Fewer Requirements
The tech giant Apple and financial service provider PayPal offer two intriguing credit card options: the Apple Card and the PayPal Cashback Mastercard. Let's take a closer look at these cards, their rewards, and their unique features.
The Apple Card, a financial product from Apple, allows users to finance their Apple purchases in monthly installments while earning rewards. It also offers the convenience of viewing one's credit limit and APR without a hard inquiry. One of the Apple Card's standout features is its absence of foreign transaction fees, making it an ideal choice for international travel.
The physical Apple Card is made of titanium, adding a touch of luxury to the card. It earns 1% cash back on all purchases made with the physical card, 2% cash back on all other purchases made via Apple Pay, and an impressive 3% cash back on Apple Pay purchases made directly with Apple and at select merchants.
On the other hand, the PayPal Cashback Mastercard, issued by PayPal, does not require a minimum deposit or monthly fees for a PayPal account. It offers at least 2% cash back on every purchase, 3% cash back on purchases made through PayPal, and 3% cash back on purchases made directly with Apple and at select merchants. The PayPal Cashback Mastercard does not charge an annual fee.
One significant difference between the two cards is the ongoing APR. The Apple Card's APR ranges from 18.24%-28.49%, Variable, while the PayPal Cashback Mastercard's APR is 19.24%, 30.99%, or 33.99%, Variable APR. It's essential to consider these rates when deciding which card best suits your financial situation.
Both cards apply rewards to the account as soon as the transaction posts to the account, with actual posting times varying by merchant. The Apple Card also allows adding a co-owner (joint account holder) and does not charge late fees.
In conclusion, both the Apple Card and the PayPal Cashback Mastercard offer unique benefits and rewards. The choice between the two depends on factors such as spending habits, travel frequency, and preferred financial institution. As always, it's crucial to carefully review the terms and conditions of each card before making a decision.
You can apply for the Apple Card directly on Apple's website, making the application process seamless and convenient. For more information about the PayPal Cashback Mastercard, we recommend visiting PayPal's official website.
