Last updated on May 13th, 2020
If you’re planning on springing for the latest iPhone, you might as well maximize your credit card rewards while you’re at it. Check out the best credit cards for buying an iPhone. The new iPhone 11 is officially available, and before you slap down your credit card at your local Apple store – take a second to make you’re getting the maximum rewards for your new-fangled phone. The BestCards team has scoured our expansive database to bring you the best credit cards for buying an iPhone (and for funding future Apple purchases as well). These cards selected either offer rewards for online purchases, specifically reward Apple purchases, or special financing options to ease the blow to your bank account.
If You Love All Things Apple:
There’s no way we could mention buying the iPhone 11 without mentioning the credit card from the iPhone makers themselves. The sleek and stylish newly launched Apple Card offers 3% cash back on all Apple purchases as well as Uber, Uber Eats, and Walgreens. Additionally, cardholders will enjoy 2% cash back on all ApplePay transactions and 1% cash back for everything else. Although there are cards that would yield higher returns, the Apple Card is ideal if you regularly make purchases in the App Store, subscribe to Apple Music or any of their other subscription-based services.
If You’re Addicted to Amazon:
Did you know that you could shop for Apple products and accessories on Amazon? Prices are the same as they are on the Apple website – so no worries about a price markup. The Amazon Prime Rewards Visa Signature Card offers the highest reward for the iPhone 11 through their 5% cash back rewards category on all Amazon purchases. This card is obviously a great fit for those who already have a Prime membership – but for those who don’t partake in Apple subscription services, the Amazon Prime credit card offers the most lucrative deal.
Don’t Want to Be Tied Down by Categories:
The draw of Bank of America’s cash back card is that it offers 3% cash back in the category of your choice: one of which includes online shopping. This category includes Amazon.com, BestBuy.com, and – you guessed it—Apple.com as well. No matter what your retailer of choice when it comes to buying tech, you’ll be in great shape to earn some pocket change on your next iPhone upgrade with the flexibility to then earn 3% on your next months’ endeavors. Plus, we also love that cash back can be applied directly to your statement credit – so using your earnings is just as easy as acquiring them. The only caveat is that earnings are limited to $2,500 each quarter – you might be maxed out if you were intended on purchasing the latest iPhone, laptop, wearable, and tablet.
Best Card for Financing an iPhone:
If you wanted to avoid the hard pull of applying for the iPhone Upgrade Program, consider the Chase Freedom Unlimited® which not only offers 15 months of 0% intro APR but also 1.5% cash back on all purchases during your first year of owning the card. Points have the most value when used in the Chase Travel Portal but can be redeemed for cash back at the value of 1¢ per point (a standard redemption value).
Why the Barclaycard Financing Visa® Wasn’t Included
Despite the somewhat generic name, the Barclaycard Financing Visa® was solely designed to offer special financing on Apple purchases made within 30 days the card being opened:
- 6 months of 0% interest financing for purchases of $499 or less
- 12 months of 0% interest financing for purchases between $499 and $999
- 18 months of 0% interest financing for purchases $999 and over
Besides this financing feature, the card doesn’t have anything else to offer in terms of credit card perks – Apple-based or otherwise. Although the card has no annual fee, having such short-term practical usage it didn’t fit our criteria as one of the best credit cards for buying an iPhone.