Ok, it's not as heavy as I thought it would be.
That was anticlimactic.
Also, these colors are very queer-friendly, which I am here for,
but actually they have nothing to do with pride.
Hey everyone, I'm Alejandro, and today
I'm gonna review Apple's new titanium credit card.
Which I don't need another credit card,
but I'm gonna do this video just for you.
Now if you haven't heard, Apple released
a new credit card as part of its effort
to replace your wallet.
(clapping)
- Our vision is to replace this.
- And in true Apple fashion, the card has
a beautiful design.
I'll get to that later.
But, if you're an iPhone user who already uses Apple pay,
all of this will be extremely familiar.
So now that I've activated my card,
I am ready to review it.
Apple claims that everything about this card
is to keep your information private and secure.
The third and last thing I wanna explore is
So then I guess it's time for me to go shopping.
Now I got my card within five days of applying
and the application itself was the fastest application
I've ever completed when applying for a credit card.
Well that was quick, it took me under five minutes
to apply and get approved for my Apple credit card
using my iPhone, which reminds me,
if you're an Android user you won't be able to apply
because you need one of these in order to use it.
The card is also absolutely free
and when I say it's absolutely free,
that's because there are no hidden fees.
So no over the limit, international, or late payment fees.
Apple also told me that
in case anything ever happens to it.
Which reminds me, lets talk about
the care of this card really quick.
All right so I was about to put my credit card in my wallet
and I read Apple's care instructions for this
and apparently you can't put it in leather or denim
so what, am I suppose to carry it in this envelope?
I don't understand.
I think it'll be fine if I give it just its own slot
in my wallet as opposed to putting it with ten other
cards so that it doesn't get scratched or demagnetized
or any of that.
I'm just gonna take my chances because
I'm not gonna be carrying my card in a glass case
in its own individual pocket.
Apple wanted to be transparent with the care
of the card on its website but that got blown
out of proportion and became a meme on Twitter.
Anyway, lets move on to the reward system.
All right so for those of you unfamiliar
with Apple Pay, it's the feature that lives within
your Wallet app that lets you pay by tapping your phone
at terminals at stores.
Now this feature has been available for a while now
but before you only had the choice to link up
your bank card of choice in order to pay.
Now with the Apple card, when you link that up
you can unlock rewards such as two percent cash back.
The reward system for this card is pretty nice.
The daily cash back you get,
you can all track it in the app
and see it almost immediately.
Which is nice because compared to other cards,
sometimes it's difficult to track your reward points
or even cash out.
However, the percentages on this card aren't that high.
Then again, you don't have to pay an annual fee for it.
That includes anything you buy on iTunes,
at the Apple store, any iCloud subscriptions,
Apple News, Apple Music, et cetera.
If it's Apple, and you buy it through Apple,
you'll get 3% back.
You'll also get 3% cashback by booking a ride on Uber,
delivery on UberEats, and in the future
there will be more partners that Apple will announce.
Now, that percentage goes down to 2% cashback
for every dollar that you spend using Apple Pay.
So any purchase that you do with your phone,
you'll be able to get 2% cashback.
If you're somewhere where you can't use your phone
and you're gonna use your card,
so say a deli around the corner,
And that's it, there's nothing to it.
So there's really no incentive
for you to use this card when you could get
more cashback with your phone.
Once you've collected enough daily cashback,
you can use that money
Which it's not a lot unless you're making
thousand dollar purchases, it's not a lot of money.
So I have some beef with Apple's commercial
about the credit card because whoever they're showcasing,
their daily cashback is insane.
They're getting large amounts.
I've been using the credit card for a week now
and I have a total balance of $187
and you wanna know how much daily cashback I have received?
$2.80, how am I suppose to make a payment with that money?
I don't know, maybe I could buy two songs with that.
The cashback system is definitely
one of the biggest things that Apple is selling
with this credit card, but it's not the most important.
Apple claims that all the information attached
to their credit card is entirely private and secure.
Apple told me that no one at the company
is looking at your data, including your weekly report
or your transactions.
The only company that will have access to your data
on the backend will be Goldman Sachs,
and that's for operational purposes only.
In the day and age of credit card breaches and hacks,
I think it's safe to say that we all
wanna hear that our credit cards are private and secure.
Now, Apple also hopes to keep our information secure
by not putting any credit card information
on the actual card itself.
So if you look closely, there are no credit card numbers
here and there's no security code on the back.
But if you need that information,
you will have to access it via your phone
and the Wallet app after you've put in your password.
So all this is just to prevent a thief from swiping
your credit card number and security code
off your physical card.
One thing I really liked about this new user interface
is that it visualizes your recent purchases
by adding a color to them.
As you can see, as you use it more and more,
the virtual card changes color.
Towards the bottom it's orange,
and that's because I've used it a lot for food and drink.
In the top right corner it's blue because
I have also used it for transportation.
The top left corner is pink because I've used it
to go to the movies and other entertainment purchases
like iTunes, I bought a movie on iTunes,
I bought Little Shop of Horrors.
You can also go into your monthly activity,
and it will divide all your purchases into category.
I think overall the user interface is quite friendly,
it's really easy to understand your spending,
and I think that's the best thing I like about this card.
The app also gives you the power
to make more informed decisions.
What I mean by that is it lets you
track your spending and help you pay off your credit card
in the smartest way possible.
Every time you get your bill you'll have a visual
that helps you see what's the best way to pay
your credit card with the least interest rate possible.
Lets look at the pros and the cons.
when you use Apple Pay.
It also offers you
and it has
All right, so my time reviewing the Apple card
is coming to an end and I don't know,
the APR, the annual percentage rate,
which is interest you accumulate over
a twelve month period, is very low.
It starts at 12%, I don't think that's enough
to sell the card, it doesn't have mileage,
which is what I look for in cards.
I personally won't be using this card,
it was nice having it but I'm gonna go back
to my AMEX which gives me miles for every purchase
that I make and also gives me miles if I fly through Delta,
and it also comes with perks like getting free luggage
or being the first boarding class.
I really recommend if you're gonna get this card
for you to compare with Chase Sapphire,
Chase Freedom, Capital One, all the other cards
that are out there and see which one is best for you.
Really look into the reward system
and see what it is that you want to get from your card.
But when it comes to the APR, this is the lowest.
When it comes to the reward system, it's not the best.
When it comes to aesthetic of the card,
well I think Apple wins that.
Anyway, that probably broke.