The  iPhone 13  is here -- the new phone debuted at Apple's Sept. 14 event . The four new iPhone 13 models -- the iPhone 13, the iPhone 13 Mini, the iPhone 13 Pro and the iPhone 13 Pro Max -- are available to preorder and will be released on Sept. 24. If you're hoping to grab an iPhone 13, it may be worthwhile to finance your purchase with the Apple Card.

    Though it's not quite a slam dunk, the Apple Card -- which debuted in 2019 -- is worth a look, especially if you're in the market for an Apple product. For prospective iPhone 13 buyers, paying with the Apple Card offers two main benefits -- 3% cash back on all Apple purchases and interest-free monthly payments . When applied to the lineup's priciest model, the $1,099 iPhone 13 Pro Max, you'll earn an instant $32.97 discount. 

    If 30 bucks doesn't sound like enough incentive to use the Apple Card, combining this offer with trade-in offers could net the most savings -- if you buy directly from Apple. You'll earn 3% when buying online through Apple or at a physical Apple Store, while still gaining access to trade-in values from specific carriers. 

    T-Mobile, the only carrier that lets you earn 3% with your Apple Card, is offering up to $500 off any iPhone 13 model in return for financing and trading in an eligible device. If you have T-Mobile's Magenta Max, you can save up to $1,290 by trading in an iPhone 12 Max. 

    ATT is offering up to $1,000 off the iPhone 13 Pro or Pro Max and up to $700 off the iPhone 13 and Mini, while Verizon is offering up to $800 off any model of iPhone 13. That means with both carriers, you could get an iPhone 13 or Mini for free, but you won't earn 3% unless you trade-in your old phone directly with Apple and not your carrier. 

    How the Apple Card works

    A few other Apple Card basics: In addition to its digital format, there's also a traditional, physical card, made of titanium, that has no number, CVV code or expiration date or signature. It's characteristically Apple, both minimalist and elegant. There are no late fees, annual fees, international fees or fees for going over your credit limit. 

    And if you intend to buy directly from Apple, you can use the  Apple Store app on your iPhone  to speed up the process. You can pick out your exact model, go through the approval process with your carrier for the upgrade and even sign up for an Apple Card or agree to the iPhone Upgrade Program terms. 

    See also

    • iPhone 12 and 12 Pro with 5G, HomePod Mini launch and more: Everything Apple just announced
    • iPhone 12 and 12 Pro: Apple makes 5G official
    • Full coverage of Apple's event

    The fine print -- and the alternatives

    But you will pay interest (on non-Apple purchases, at least): The variable APR ranges from 10.99% to 21.99%. And there are other caveats. Some carriers and retailers may offer a discount on the iPhone 13 that exceeds what you'd earn back paying list price with the Apple Card. As with most credit cards, approval for the Apple Card and the installment payment plan are both subject to a credit check. And, even if you sign up for the installment payment plan, Apple will still charge interest on taxes and shipping costs. 

    Read more: Apple Card vs. Apple Pay vs. Apple Cash

    Furthermore, the Apple Card's rewards program isn't necessarily as compelling as other cards'. Its top tier cash-back rate of 3% applies only to Apple products (and services) and a modest, though growing, list of merchants that includes Duane Reade and Walgreens, Exxon and Mobil, Uber and a handful of others. Otherwise, you get 2% cash back on purchases made using Apple Pay and 1% on everything else. In contrast, the Citi® Double Cash Card offers 2% on all purchases -- 1% at purchase and 1% when you pay off the purchase -- no matter how you pay.

    As such, unless you're regularly buying big-ticket Apple items throughout the year -- or the iPhone 13 is the one credit card purchase you intend to make in 2021 -- there may be better cash-back options . The  Amazon Prime Rewards Visa Signature Card * gives you 5% cash back on all Amazon and Whole Foods purchases, which covers a much wider swath of products and services. 

    Read more: Apple Card vs. Amazon Prime Rewards Visa: Which credit card is best for you in 2020?

    It's also worth noting that the Apple Card offers no new signup bonus -- a staple of the cash-back card category that can earn you hundreds of dollars when you meet certain spending thresholds. For example, the  Capital One Savor Cash Rewards Credit Card * earns a $300 bonus when you spend $3,000 within the first three months. And that's on top of the 4% cash back on dining, entertainment and popular streaming services, 3% at grocery stores and 1% back on all other purchases.

    As with most things, the best credit card for you depends on how you use it. In 2021, we've looked at dozens of credit cards and identified the best credit card options across a variety of categories. We've analyzed  rewards credit cards -- including  those that pay cash back on every purchase,  earn you rewards points and miles for all kinds of travel purchases , or  have the best welcome bonuses . We've assessed which credit cards are  best for students , optimal for Amazon Prime shoppers and worthwhile for  Apple Pay aficionados . Check out all of our credit card reviews at CNET's personal finance site .

    *All information about the Amazon Prime Rewards Visa Signature Card and the Capital One Savor Cash Rewards Credit Card has been collected independently by CNET and has not been reviewed by the issuer.

    The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

    Can I use Apple gift card to buy Iphone?
    You can use Apple Gift Card to purchase products or accessories at an Apple Store. In countries and regions where Apple Gift Card is available, you can use your Apple Account balance to buy products and accessories at apple.com or in the Apple Store app. more
    Can u use a gift card to buy a gift card?
    Although not all stores will let you buy a gift card with a gift card, I have done it multiple times. Since there is no federal or state law governing whether or not a gift card can be used to purchase another gift card, each store is allowed to set its own policy. more
    Can I buy a gift card with a gift card?
    Gift cards are easy to regift, but sometimes the amount on the card is an odd value (e.g. $23.42) or is more than you want to give someone. If you take the gift card to the issuing store, you may be able to use it to buy a new gift card (or cards) in the dollar amount you want. more
    Can I use a gift card to buy a gift card Walmart?
    Unfortunately, as of 2022, Walmart doesn't allow customers to purchase other gift cards using an existing gift card. Walmart doesn't allow gift card consolidation, either. It means you can't combine several Walmart gift cards to buy a new one. The good news is that Walmart gift cards don't expire. more
    Can I use a gift card to buy a gift card?
    Although not all stores will let you buy a gift card with a gift card, I have done it multiple times. Since there is no federal or state law governing whether or not a gift card can be used to purchase another gift card, each store is allowed to set its own policy. more
    Can you use a gift card to buy a gift card?
    Although not all stores will let you buy a gift card with a gift card, I have done it multiple times. Since there is no federal or state law governing whether or not a gift card can be used to purchase another gift card, each store is allowed to set its own policy. more
    Can you buy a gift card with a gift card?
    Gift cards are easy to regift, but sometimes the amount on the card is an odd value (e.g. $23.42) or is more than you want to give someone. If you take the gift card to the issuing store, you may be able to use it to buy a new gift card (or cards) in the dollar amount you want. more
    Why can't you buy a gift card with a gift card?
    The primary reason that stores will not let you buy a gift card with a gift card is to cut down on money-laundering with gift cards. more
    Can u buy a gift card with a gift card at Walmart?
    There's a unanimous policy among most stores that they do not let you buy other gift cards with the one that you have. However, you may be elated to know that Walmart is not like most stores! Here, you can buy another gift card with the one that you already possess and do not want to use. more
    Can I buy an Iphone with Apple gift card?
    You can use Apple Gift Card to purchase products or accessories at an Apple Store. In countries and regions where Apple Gift Card is available, you can use your Apple Account balance to buy products and accessories at apple.com or in the Apple Store app. more
    Can I use an Amazon gift card to buy a gift card?
    In some cases, if you are adding Amazon Gift Cards to your Amazon account after the order is placed but not shipped, any new Amazon Gift Card added to your Amazon account will be automatically applied to the order placed once it's shipped. You can't use a gift card to purchase other gift cards. more

    Source: www.cnet.com

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