Apple might not be turning into a bank, but it wants to handle your money. But while we heard a lot about financial health, interest rates, and fees on the stage during Monday’s announcement of the Apple Card, the hard numbers behind Apple's new cash-back rewards credit card built on top of Apple Pay were notably absent. Though Apple made quick references to zero fees and cash-back percentages while taking digs at other cards, much of the reveal focused on simplicity, security, and ease of use.
Apple trumpeted the Apple Card as a counter to competing credit cards that offer point-based rewards for things like miles and gift cards, but it's not like the Apple Card is completely unique in offering cash. Several other credit cards offer similar cash-back benefits too. So where does the Apple Card differ? We dug into the nitty-gritty details of cash-back percentages, interest rates, and fees and crunched the numbers to see how the Apple Card will stack up against the most popular cash-back cards out there.