Apple promises you won’t have to pay any fees to use the card. That means no annual fees, no international fees when traveling abroad or shopping on foreign websites, no over-the-limit fees, and no late fees.
So Apple Card doesn’t have any fees. No annual, over-the-limit, foreign-transaction, or late fees. 5 No fees. And our goal is to provide interest rates that are among the lowest in the industry.
This begs the question “What is a foreign transaction fee on credit cards?”
Some have found that the foreign transaction fee is one of the most diabolical fees that credit card companies charge for no other reason than that they can. Swiping your card abroad doesn’t cost credit card companies any more than if you swiped it at home, but it is a fee that they’ve been able to get away with for decades.
What are the fees for using Apple Pay abroad?
Apple itself doesn’t charge the users any fees for using Apple Pay anywhere. Any fees that your bank usually charges for foreign transactions when using your card abroad, however, will also apply when using Apple Pay.
Fees and exchange rates are controlled by your card issuer, not by Apple. Apple will not charge you any fees for using Apple Pay, whether at home or abroad. If you do intend to use Apple Pay abroad, remember to advise your card issuer of your travel plans beforehand. Your card may otherwise be blocked as part of the bank’s security measures.
If you choose a debit card or pay with your Apple Pay Cash balance, there’s no fee. If you choose a credit card, there’s a 3% credit card fee on the amount funded by the credit card. Apple Pay Cash is used to pay someone by sending them an i, and message. It is typically used for payments to friends and other individuals.
Then, can I use Apple Pay in Europe?
Also note that, once you have Apple Pay set up, you can use it anywhere you could use your card as long as they also accept nfc contactless payment. Even in countries where Apple Pay hasn’t been officially launched yet such as Iceland, Mexico or Portugal. Q: Are there foreign transaction fees if you use apple pay in Europe?
How much is the Apple Card annual fee?
The Apple Card has a $0 annual fee, a 0% foreign transaction fee, and zero other fees to worry about. Part of the reason for that is the Apple Card simply does not allow you to make certain transactions that would ordinarily come with a fee, such as balance transfers and cash advances.
The Apple Card is one of the few cards on the market that has no fees whatsoever. There are no annual fees, no foreign transaction fees and no late payment fees.
When it comes to interest, though, the Apple Card will be entirely transparent, with your interest rate calculated in real time. You can use that as a measure of whether you want to proceed or not. All of this said, if you pay your balance on time, interest fees won’t be an issue, and holding the card is otherwise cost-free.
Is the Apple Card worth it when you travel overseas?
I’ve been testing out Apple’s credit card since it launched in August. And that includes taking it overseas to see how this card performs away from the safety of an Apple Store., and the verdict? The Apple Card isn’t always the best travel companion, at least when you head overseas.
A frequent inquiry we ran across in our research was “Should you get the new Apple Card?”.
One source stated all of this said, if you pay your balance on time, interest fees won’t be an issue, and holding the card is otherwise cost-free. As long as you’re going in with your eyes wide open, there’s a lot of perks to consider with the new Apple Card.
The earning is simple and there’s no annual fee. But there are also no transfer partners nor the ability to earn points or miles. The titanium Apple credit card will enter a crowded marketplace of no annual fee cards, and greater competition generally leads to better offers for consumers.