Apple Credit Card Canada 2023 Updates

Here is the update on Apple Credit Card Canada, if you are looking to get your Apple card and join the Apple card family, I will explain all you need to know about the Apple cash card.

The Apple credit card is an additional benefit you enjoy as an Apple gadget lover – iPhone, iPad, Apple Watch, and the Apple store itself

It allows you to earn fantastic cash back when you shop at eligible centers (grocery stores, gas stations, etc.)

Recently people have been asking about Apple credit card Canada.

Is an Apple credit card available in Canada? when do we get an Apple card in Canada? will it be connected to my bank account? This article will provide all the information you need about Apple credit card Canada and how it works.

Here are the outlines covered:

• What is Apple Credit Card?
• Is Apple Credit Card Available In Canada?
• In Which Countries Is Apple Credit Card Available?
• Apple Credit Card Top Features
• How Does Apple Credit Card Works
• How to Apply for an Apple credit card
• Best Alternatives To Apple Credit Card Canada

What is Apple Credit Card?

The Apple Credit Card is designed and issued by Apple, Inc. It is a collaboration between Apple and Goldman Sachs launched in the United States in 2019.

The credit card is unique because it is primarily digital and linked to users’ Apple Pay accounts. It also boasts a sleek, minimalist design and offers a range of features to simplify and streamline the credit card experience.

These features include cashback rewards, spending tracking, and security measures.

The virtual card can be accessed on the mobile wallet app in your iPhones, while the physical version is made of titanium, making it one of the best metal credit cards.  

You can use it while purchasing Apple products, and other products

Is Apple Credit Card Available In Canada?

Currently, the Apple Credit Card is not available in Canada, but rumours are circulating that it may be introduced in 2024, as in January 2021, the apple card’s trademark application was approved by the Canadian government

The credit card was first launched in the United States in August 2019 and has since stayed on the shores of the United States.

Canadians interested in obtaining the card will have to wait for its official release, which has yet to be announced.

However, with the popularity of the brand and the strong demand for innovative financial products, it is expected that the Apple Credit Card will eventually make its way to Canada. It’s a Mastercard credit card, it can be used anywhere Mastercard is accepted

In Which Countries Is Apple Credit Card Available?

The Apple credit card is currently only available in the United States. However, there have been rumours of the card eventually being introduced to other countries, including Canada, I am also waiting for the Apple card here in Canada, so I am daily keeping up with the updates

As of the time of writing, the Apple credit card has yet to make its way to Canada, but many Canadians eagerly await its arrival.

In the meantime, many alternative credit cards are available in Canada with similar features and benefits to the Apple credit card.

Apple Credit Card Top Features

The Apple credit card offers a range of features that make it a popular choice for many consumers, it’s different from many traditional credit cards. Here are some of the top features of the Apple credit card:

No annual fees

Unlike many other credit cards, the Apple credit card does not charge an annual fee, making it an excellent choice for budget-conscious consumers.

Cashback rewards

The Apple credit card offers cashback rewards on all purchases made with the card, including 3% cash back on purchases made with Apple and 2% cash back on purchases made with Apple Pay.

Easy-to-use app

The Apple credit card has an easy-to-use app that allows you to track your spending, manage your account, and pay your bills in one place, isn’t that very cool, its a feature I am looking forward too

Privacy and security

The Apple credit card has Apple card features that prioritize user privacy and security, offering unique card numbers for each transaction, two-factor authentication, and more. You can use this while you purchase multiple Apple products

Titanium card

The physical credit card the Apple is gorgeous. The Apple credit card is made of titanium, giving it a sleek and stylish look that sets it apart from other credit cards.

The Apple credit card is an excellent choice for anyone looking for a credit card with great rewards, easy-to-use features, and a focus on privacy and security.

Apple Card Monthly Installments

The Apple Card offers a payment plan option called Apple Card Monthly Installments when buying Apple products online or in-store.

This is a Buy Now Pay Later (BNPL) plan, where you can pay for your Apple products over time instead of paying upfront in one lump sum. The plan is interest-free and exclusive to Apple products only, with your monthly payment for your apple products structured without interest

Apple Card Family Feature

The Apple Card Family feature is another important feature of the Apple Card Monthly Instalment. Users have the option to create an Apple Family sharing group where two co-owners can jointly manage the account, build credit together, and impose spending limits on each other if desired.

Individuals who are 18 years or older have the option to begin establishing their credit history and gain knowledge in managing their financial resources.

Apple Device Cash Back

You can receive 3% Daily Cashback if you use your Apple Card to make payments on Apple devices and products. On non-Apple purchases, you can receive 2% Daily Cash back if you use your Apple Card through Apple Pay.

How Does Apple Credit Card Work

Apple credit card works like any other credit card, with a few key differences. The card is managed through the Apple Wallet app, which allows users to track their spending and view their rewards balance in real time.

Apple credit card offers cash back rewards on purchases, including 3% on Apple purchases, 2% on purchases made with Apple Pay, and 1% on purchases made with the physical card.

Another feature of the Apple credit card is the lack of fees.

The card does not charge annual, transaction, or foreign exchange fees. There are also no penalties for late payments or exceeding the credit limit, though interest charges will still apply.

Regarding security, the Apple credit card offers several measures to protect users’ personal and financial information.

The card has no visible card number, CVV, or expiration date, which can reduce the risk of fraud.

Additionally, the card offers a virtual card number for online purchases, which can be easily regenerated if compromised.

The Apple credit card offers a unique combination of cashback rewards, daily cash back, and fee-free usage.

It’s an excellent option for Apple fans and those seeking a convenient and secure credit card experience.

How to Apply for an Apple credit card

Applying for the Apple Credit Card Canada is a straightforward process that can be done online. Note that this is only limited to iPhone users in the United States at the moment

Here’s how to do it:

Step 1: Check your eligibility

Before applying for the Apple credit card, meet the eligibility requirements. To be eligible, you must be 18 or older, have a valid mailing address, and have a compatible iPhone.

Step 2: Apply online

You can apply for an Apple credit card online through the Wallet app on your iPhone. Follow the prompts and provide the necessary information, such as your name, address, and social insurance number.

Step 3: Wait for approval

After submitting your application, wait for a response from Apple. The approval process takes a few minutes, and if approved, you will be issued a credit limit based on your creditworthiness.

Step 4: Activate your card

Once you receive your Apple credit card, you must activate it through the Wallet app on your iPhone. After activating the card, you can start using it for purchases.

Step 5: Make payments and manage your account

You can recharge your Apple credit card balance through the Wallet app. You can also manage your account and view your balance, transactions, and statement.

7 Best Apple Card Alternatives

Here are the seven best alternatives to Apple credit card Canada in the Canadian market you can try out. Since there is no Apple credit card in Canada, you can opt-in for any of these credit lines Like Apple credit cards, they offer excellent perks, benefits, and offers.

The KOHO Prepaid Mastercard

The KOHO prepaid Mastercard offers users a variety of benefits, including cashback rewards on all purchases, a round-up feature that automatically rounds up your purchases to the nearest dollar and saves the difference, and no foreign transaction fees when used abroad.

Plus, with the KOHO app, you can set budgets and goals to help you stay on top of your finances. Similar to Apple Credit card, it doesn’t charge an annual fee.

As a new card member, you will be rewarded a welcome bonus of $20 when you complete your first purchase.

The Mastercard comes with a virtual card that is compatible with Google Pay, Samsung Pay, and Apple Pay. Also, it offers an optional metal card, but it is no longer available.

Also, you can upgrade to the KOHO Premium Mastercard, which goes for an annual rate of $84. This premium Mastercard allows you to earn 2% unlimited cash back and 5% at partners, one-free monthly ATM withdrawal, free FX transactions, price matching, and other benefits.

Tangerine World Mastercard

Tangerine World Mastercard is another excellent alternative to the Apple credit card. This credit card is available in Canada and offers a host of benefits to its users.

With the Tangerine World Mastercard, you can earn cashback on all your purchases, including gas, groceries, and recurring bill payments. The cashback rewards are unlimited and are deposited directly into your account monthly.

Another significant advantage of using the Tangerine World Mastercard is that there are no annual, foreign transactions or hidden fees.

This makes it an excellent choice for anyone looking for a straightforward credit card option with no surprises. The card also offers free additional cards for authorized users, making it an ideal option for families.

The Tangerine World Mastercard also provides rental car insurance, free Boingo Wi-Fi, mobile device insurance, and trip interruption coverage.

Moreover, the card’s 24/7 customer service support ensures that any queries or concerns are addressed promptly.

As a card member, you are given 10% cash back when you spend up to $1000 in the first two months as a welcome bonus.

The interest rate is 19.95 for cash advances, balance transfers, and purchases, and you stand to earn 2% unlimited cash back in three spending categories and 0.50% on all other purchases, including VIP perks.

Neo Financial’s Mastercard

Neo Financial’s Mastercard is another credit card that does not charge an annual fee. It is offered by a fintech company, Neo Financial, that offers high-interest savings hybrid accounts.

Neo Mastercard offers up to 5% cash back on all purchases at participating stores, and 0.5% cash back is guaranteed on purchases.

The interest rate is 19.99% to 26.99% n purchases and 222.99% to 28.99% for cash advances.

The welcome bonus is 15% cash back on your first purchase, including a $25 cash bonus.

Also, the credit card has a physical card you can use wherever Mastercard is accepted. Also, it comes as a virtual card that you can use with your phone’s wallet.

Wealthsimple Cash Card

Another great alternative to the Apple credit card is the Wealthsimple cash card. It comes as a virtual and physical card – you can choose any that suits you more.

The virtual card works with Google Pay and Apple Pay.

You can go to the Wealthsimple Trade app and view the different Wealthsimple accounts and manage your card transactions, including cash back rewards.

It offers 1% cash back on all purchases, a free money transfer app, and Prepaid Mastercard.

STACK Mastercard

STACK Mastercard is similar to the Apple credit card as it charges no annual fee and offers free FX transactions when you fulfill the minimum spending requirements.

It offers unlimited bill payments, early payroll, and cashback rewards at specific retailers.

The STACK Mastercard is a prepaid credit card, which entails that you have to credit it with money before you can use it. Once the money is in your card, you can use it anywhere Mastercard is accepted. Also, you can track and monitor your transactions in real-time with your STACK app.

Also, with the STACK app, you can access instant tools and rewards to manage your money. Also, you can enjoy instant cash back on everyday purchases from eligible places.

Also, the exclusive promotions and offers are fantastic and can be accessed by card members.

The Rogers World Elite Mastercard

The Rogers World Elite Mastercard is another essential credit card that offers up to 3% cash back and is one of Canada’s best cashback credit cards.

The Rogers credit card offers competitive cash back on all purchases, travel insurance, and zero transaction fees on US dollar purchases.

Also, the card offers 3% cash back on your solid insurance and purchases. The welcome bonus is $24, and the annual reward is $360. 

The cashback rewards on foreign transactions are higher. Additionally, it comes with a handful of rewards and perks, such as extended warranty coverage and free roadside assistance.

The BMO CashBack World Elite Mastercard

The BMO CashBack World Elite Mastercard is the only Mastercard that offers 5% cash back on purchases of groceries, 4% cash back on transit, 3% cash back on gas, 2% cash back on recurring bills, and 1% cash back on everything. Also, you get a 10% bonus on cash back for the first three months.

It also comes with travel insurance and concierge services and charges no annual fee. It charges 20.99% interest rates on purchases, 23.99% on cash advances, and 22.99% on balance transfers.

To qualify, you must have a minimum personal income of $80,000 or a household income of $160,000.

Frequently Asked Questions

1. Can I apply for an Apple credit card Canada?

Unfortunately, the Apple credit card is currently only available in the United States. However, there are several other alternatives you can explore, such as the Wealthsimple Cash Card, STACK Mastercard, Rogers World Elite Mastercard, and BMO CashBack World Elite Mastercard, which offer similar benefits and rewards.

2. What are the benefits of the Wealthsimple Cash Card?

The Wealthsimple Cash Card offers several benefits, including a virtual and physical card, 1% cash back on all purchases, a free money transfer app, Prepaid Mastercard, and works with Google Pay and Apple Pay.

Additionally, you can view your different Wealthsimple accounts through the Wealthsimple Trade app and manage your card transactions to earn cashback rewards.

3. What is the minimum income requirement for the BMO CashBack World Elite Mastercard?

To qualify for the BMO CashBack World Elite Mastercard, you must have a minimum personal income of $80,000 or a household income of $160,000. With this card, you can earn up to 5% cash back on groceries, 4% cash back on transit, 3% cash back on gas, and 2% cash back on recurring bills, making it an excellent option for everyday spending.

4. What are the benefits of the Rogers World Elite Mastercard for frequent travellers?

The Rogers World Elite Mastercard offers several benefits for frequent travellers, including 3% cash back on foreign transactions, travel insurance, and zero transaction fees on US dollar purchases. Additionally, you can earn up to $360 in annual rewards, making this card an excellent option for those who love to travel and want to earn cashback rewards on their spending.

Conclusion

Apple credit card is not available in Canada, but there are other alternatives you can explore. When considering credit card options, it’s essential to think about your spending habits and what rewards or benefits you value most. Take the time to compare different options and find the one that works best for you, read here about the 7 best Metal Credit cards in Canada