This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Apple has confirmed pricing for the new devices. The iPhone 7 will cost $649 for 32GB, $749 for 128GB and $849 for 256GB of storage. The larger iPhone 7 Plus will cost you $769 for 32GB, $869 for 128GB and $969 for 256GB of storage.

This afternoon, Apple unveiled the much-anticipated iPhone 7 (and larger iPhone 7 Plus). Many current iPhone loyalists were hoping for something entirely different this time around — that isn’t exactly what they got. Instead, the iPhone 7 is much like the 6 and 6S, which launched in 2014 and 2015, respectively. What the 7 does offer, though, is a water-resistant design, making it an especially good fit for frequent travelers (who might find themselves near a pool, at a beach or, say, stuck in an unexpected monsoon 10,000 miles from home).

Photo courtesy of Apple.
Photo courtesy of Apple.

Both models also have new rear-facing cameras — definitely a much-appreciated feature for those of us who prefer to leave a dedicated cam at home. The 12-megapixel cameras have f/1.8 lenses with optical image stabilization, which will help minimize blur caused by shaky hands when you’re shooting indoors or at night. There’s also a 7-megapixel front-facing camera (for sharper selfies) and a new flash that’s 50% brighter than the previous version. Additionally, the 7 Plus offers a 2x optical zoom. Oh, and no, there isn’t a headphone jack, which means you won’t be able to plug in wired headphones and charge your phone at the same time (although there are several compelling Bluetooth options, such as the Bose QuietComfort 35).

The iPhone 7 and 7 Plus will be available for purchase on September 16, and you can pre-order them beginning September 9. Pricing has yet to be confirmed. Remember to use a card that offers purchase and extended warranty protection, such as the recently announced Chase Sapphire Reserve. Additionally, you might want to consider paying your phone bill with a Wells Fargo card to take advantage of that issuer’s free cell phone protection.

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.