Goldman Sachs · Cash back · Mastercard
Apple Card: what it's really worth
The Apple Card has a no annual fee. For a typical household spending $2,070 a month, it's worth about $497 in year one and $497 each year after.
Annual fee$0
Sign-up bonusNone
Net value · year 1$497
Net value · each year after$497
Is the annual fee worth it?
No annual fee — nothing to lose by keeping it open, which also helps your credit history.
How you earn
| Category | Rate | Value per $1 | Per year* |
|---|---|---|---|
| Dining | 2% | 2.0¢ | $72 |
| Groceries | 2% | 2.0¢ | $120 |
| Hotels | 2% | 2.0¢ | $19 |
| Flights | 2% | 2.0¢ | $24 |
| Gas | 2% | 2.0¢ | $36 |
| Streaming | 2% | 2.0¢ | $10 |
| Everything else | 2% | 2.0¢ | $216 |
*At typical monthly spending: dining $300, groceries $500, hotels $80, flights $100, gas $150, streaming $40, everything else $900. 2% Daily Cash when you pay with Apple Pay (counted on all spending here); only 1% with the physical card. 3% at Apple and a changing list of partner merchants. Needs an iPhone.
Who it's for
- iPhone users who pay with Apple Pay almost everywhere
- Simple cash back paid daily, with no fees at all
- Not ideal: Anyone without an iPhone
- Not ideal: Shops that don't take Apple Pay — the physical card earns just 1%
Can I get it?
- Recommended credit: Good
- Goldman Sachs rules: You apply in the Wallet app on an iPhone and see your offer before accepting it. Chase is set to take over as issuer (expected around 2028); Apple and Chase say nothing changes for cardholders in the meantime.
- Mastercard: Accepted almost everywhere — but not at Costco warehouses (Visa only).
Check the current offer at Goldman Sachs
Similar cards
Chase Freedom Unlimited$627 year 1 · $0 feeWells Fargo Active Cash$697 year 1 · $0 feeCiti Double Cash$697 year 1 · $0 feeCapital One Savor Cash Rewards$650 year 1 · $0 fee
Updated Nov 4, 2026.