all right so the new apple cart is out and you may have heard about some of the
cool features that it has like text-based customer support that there
are no fees that you get rewards immediately and real simple signup
process and all these things you know just a typical Apple fashion they make
it really enticing and really great but there are some things you need to be
aware of before you give this card and some reasons that you may not want this
card and that's what we're gonna go over now so number one you can actually do a
good bit better than the cash back rewards that Apple is offering and we'll
talk about some specifics of cards you can consider at the end of this video
but first off Apple is offering one percent cash back with their regular
titanium card and then two percent if you use Apple pay on any other regular
products and three percent on Apple products but I don't even count that
because that's such a small amount now the two percent cashback is actually
pretty good but it's still limited for most of us because there's still a lot
of places that don't accept Apple pay and so then if they don't accept Apple
pay then you need to use the titanium Apple card that they give you and then
you're only getting one percent cash back now 1.5 percent seems to be kind of
the industry standard for cash back cards and some even pay more than that
and so that point five percent might not seem like a lot but that really can add
up to a whole lot of money and that just might be a reason why you want to avoid
this card and get a different card instead number two is that the Apple
card the titanium apple cart is actually really delicate and this is kind of
hilarious but there are reports of wallets discoloring the card and on top
of that Apple actually warns you themselves not to put the card in
contact with any other cards because it might scratch it all right number three
is that you are an Android user and you want to remain that way and according to
Apple's website you need to own a compatible iPhone just to apply for the
card now maybe they'll open that up a little wider at some point but that's
what they're saying at this point all right number four is that this card does
not provide any travel insurance now you may not know this but this is kind of a
standard for most credit cards most credit cards have some form of travel
insurance and built-in and it's just one of those perks that a lot of us won't
need very often but it's really nice to know that it's there if you do need it
and number five is that there's no car insurance waiver protection for car
rentals this is another perk that a lot of credit cards have built in to where
if you were renting a car and you use that credit card to do the rental you
can decline the our insurance coverage because the
credit card is going to cover you and so again check your credit card to see if
this is a feature and a perk that you've available to you and you can save a
little bit of money each time you are renting a car number six there's no
price protection built into the card now the card that I use which I'll talk
about in just a minute here has price protection built in so if I buy
something and the price is lowered I can call the credit card company and they
will go ahead and refund me the difference and that is a pretty cool
perk number seven is that the Apple card does not provide an extended warranty
service like a lot of credit cards do as well and this is another perk that can
really come in handy so many products have like a one-year warranty on the
product but if you buy it on certain credit cards they will extend that
warranty for you automatically and so if something goes wrong after a year and a
half or two years in many cases you can still get a replacement for that product
so the point of this video isn't to convince you not to get the Apple card
there's a lot of different things that they're doing that I'm actually really
excited about and I think they've created a great product but it is to let
you know that just like most Apple products there are actually better ones
out there they just have done a really good job with marketing and design and
creating a really pretty package so I think this begs a question what card
should you get instead it ultimately is gonna depend on a variety of factors
like what types of reward you want your credit score whether or not you're gonna
be carrying a balance on it which you shouldn't be and the Chase freedom
unlimited card it's kind of the card to beat it's the one that kind of does all
the seven of the things that we just said that the apple cart doesn't it has
4.8 stars over like nine thousand plus reviews from customers and it has no
annual fee and it actually pays 1.5% cash back on everything but be warned it
is definitely not as pretty as the Apple card but if that doesn't matter to you
too much and you'd rather have a little bit more money in your pocket and some
of these other perks then this might be a card to check out I actually did a
video review about this card a few months back when I signed up for and
I'll have that linked up so you can check that out or you can read more
about the card over at SeedTime.com/freedom if you want to
find out more about it alright so now I want to hear from you let me know are
you going to get this Apple card why or why not let me know down in the comments
let me know if you've got a better alternative let me
about I want to hear it and that's all for today be blessed be a blessing and
I'll see you next time