[freyir]

2% cash back on all purchases through the phone with no annual fees?

I’d wager this is much better than what the majority of Americans currently have.

[jumbopapa]

There's multiple 2% cards with no fees.. Citi Double Cash, Fidelity Visa, PenFed Power Cash

Not to mention cards like the Chase Freedom Unlimited where 1.5% is closer to 3% when redeemed through their travel portal.

[freyir]

Right. Those are the best unlimited rates you can get, and Apple is matching that rate with their digital card.

The downside is that their physical card rate (1%) is not as competitive, but they're trying to nudge people/businesses towards digital payments.

[basch]

Costco's card is 4% on gas and 3% on restaurants and travel.

Depending on your spending habits, you are probably better off having 1 general purpose card, and then a card or two from the businesses you spend the most money at (target, amazon, walmart, costco etc) or one that fits your spending profile.

The Apple Card might make a good general spending card, but you should still have one that gets you 4-5% somewhere.

[jdlyga]

Chase Freedom gives you 5% on rotating categories. That combined with the Uber or Amazon card, you're getting pretty high percentages. Apple's 2% is just not competitive, and they don't even give you a signup bonus. It's basically a privacy card.

[jki275]

Yes, and 3% for purchases from Apple, 1% for purchases using the physical card.

[freyir]

Yes, and 1% isn’t the best rate available, but you could always fall back to another rewards card instead of using the physical card.