Comparing the Apple Card to the Barclaycard Visa With Apple Rewards

Mar 30, 2019

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. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

With Apple Card set to open to applicants in summer 2019, we compared it to several of our favorite no annual fee cash-back cards. But for individuals who make frequent Apple purchases, there’s actually already a credit card out there catering to you: the Barclaycard Visa with Apple Rewards.

Is it worth waiting for Apple’s own credit card, or is this existing card superior? We’ll analyze the perks of each below.

Card Annual Fee Earning Overview 0% Intro APR Foreign-Transaction Fee Other Perks
Apple Card None
  • 3% (purchases made directly with Apple)
  • 2% (all Apple Pay purchases)
  • 1% (everything else)
N/A (13.24% to 24.24% variable APR from open) None Elevated privacy and theft protections (no physical card number)
Titanium card design
The Barclaycard Visa with Apple Rewards None
  • 3 points per $1 spent on Apple purchases
  • 2 points per $1 spent at restaurants
  • 1 point per $1 spent on everything else
N/A (16.24%, 22.24% or 28.99% variable APR based on your creditworthiness from open) 3% ID theft protection

 

Which Apple credit card is better?

The forthcoming Apple Card is the superior product, hands-down. The deal-breaker for the Barclaycard Visa with Apple Rewards is the inflexibility of its earning structure. While it may seem alluring to earn points rather than cash back, this particular card does not allow transfers to hotel and airline partners.

Rather, the points are automatically redeemed in the form of either Apple Store or App Store/iTunes gift cards. 2,500 points equals a $25 gift card, 5,000 points equals a $50 gift card or 10,000 points equals a $100 gift card. There’s no way to request that your points be given back in the form of cash, either.

Apple Card will have tight iPhone integration for spend reporting. (Image courtesy of Apple)

Apple Card, on the other hand, credits your earnings back as cash that can be spent shortly after it’s earned. 3% back on Apple purchases is much more flexible in the form of cash versus an Apple gift card. To boot, the Apple Card has no foreign-transaction fees, which can really add up on even a short international jaunt.

While Apple Card doesn’t have the 2% back on restaurant purchases, you can overcome that by adding the Capital One® SavorOne® Cash Rewards Credit Card to your wallet, which has no annual fee and earns 3% cash back on all dining and entertainment.

The information for the Apple Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Bottom Line

Many consumers weren’t aware that an Apple-centric credit card from Barclaycard already existed, but even if you make routine purchases from Apple, you’re better off waiting for Apple Card or looking at select cards that have an annual fee yet offer superior earning rates from the retailer. With an inflexible redemption structure that forces you to accept your earnings in the form of Apple or iTunes gift cards,  the Barclaycard Visa with Apple Rewards could very well be phased out after Apple Card opens for applications.

For the latest travel news, deals and points and miles tips please subscribe to The Points Guy daily email newsletter.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the 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.