“Apple and Barclaycard have just released the new Barclaycard Visa with Apple Rewards that finally offers Apple fans rewards in the form of Apple store gift cards,” Jason Steele writes via Yahoo Finance.
“Customers can apply for this card online or at Apple stores, and receive deferred-interest financing on their Apple purchases. This means that interest accrues at the standard rate, and will be waived only if cardholders pay off their entire purchase within the promotional financing period,” Steele writes. “If they fail to pay off their entire purchase in time, they will have to pay all interest charges on their average daily balance since the day of the purchase. Six months of deferred-interest financing is offered for purchases below $499, 12 months for purchases between $499 and $998, and 18 months for purchases of $999 or more.”
“In addition, this card also offers three points in the Apple Rewards program for every dollar spent on purchases made directly from Apple at Apple stores, online or over the phone. Double points are earned from dining and one point is earned for each dollar spent on all other purchases. Once 2,500 points are earned, cardholders receive a $25 Apple gift card,” Steele writes. “Although this card is equipped with an EMV chip and even chip and PIN compatibility, there is a 3% foreign transaction fee levied on all charges processed outside the U.S. There is no annual fee.”
Read more in the full article here.