The Apple Card's issuer (Goldman Sachs) and payment network (MasterCard) retain just as much transaction information for the Apple Card as they do for any other credit card.[1]
> usually those rates are extremely subject to change, require quarterly activation
That's not true. I'm not aware of any US credit card offering 2% cash back on all purchases that regularly changes this 2% rate or requires quarterly activation for the 2% rate. If you can name even one 2% cash back card that does this, please do.
> variable APR
The Apple Card also has a variable APR. The Apple Card Customer Agreement says that the APR is "15.49% to 26.49% when you open your account" and "After that, this APR will vary with the market based on the Prime Rate."[2]
The Bread Cashback Card (American Express) and SoFi Credit Card (MasterCard) manage to offer 2% cash back on all purchases with no foreign transaction fee or annual fee.
The Apple Card's issuer (Goldman Sachs) and payment network (MasterCard) retain just as much transaction information for the Apple Card as they do for any other credit card.[1]
[1] https://www.engadget.com/2019-08-30-apple-card-privacy-adult...
> usually those rates are extremely subject to change, require quarterly activation
That's not true. I'm not aware of any US credit card offering 2% cash back on all purchases that regularly changes this 2% rate or requires quarterly activation for the 2% rate. If you can name even one 2% cash back card that does this, please do.
> variable APR
The Apple Card also has a variable APR. The Apple Card Customer Agreement says that the APR is "15.49% to 26.49% when you open your account" and "After that, this APR will vary with the market based on the Prime Rate."[2]
[2] https://www.goldmansachs.com/terms-and-conditions/Apple-Card...
> high foreign transaction fees
The Bread Cashback Card (American Express) and SoFi Credit Card (MasterCard) manage to offer 2% cash back on all purchases with no foreign transaction fee or annual fee.