Apple Card and Savings Account Quiz

What was the initial reaction to the launch of the Apple Card in 2019?

• It was only available to select users.

• It was immediately labeled a failure.

• It was considered just okay with some good features.

• It was seen as a revolutionary product.

Which of the following is NOT a feature of the Apple Card?

• High signup bonus

• No late fees

• No annual fees

• No foreign transaction fees

What is the cashback percentage offered by the Apple Card when using Apple Pay?

• 2%

• 3%

• 4%

• 1%

Who holds the funds for the Apple Savings Account?

• Federal Reserve

• Apple

• Chase Bank

• Goldman Sachs

What is the maximum balance allowed for the Apple Savings Account?

• $250,000

• $100,000

• $500,000

• $1,000,000

What is a potential risk of using the Apple Card for financing large purchases?

• Increased annual fees

• High credit utilization affecting credit score

• Loss of cashback rewards

• Increased foreign transaction fees

What is the recommended credit utilization percentage to maintain a good credit score?

• Below 70%

• Below 50%

• Below 30%

• Below 10%

Why does the narrator prefer Sofi over the Apple Savings Account?

• Higher interest rates

• Exclusive Apple product discounts

• More features and financial overview

• Better customer service

Which credit card does the narrator recommend for straightforward 2% cashback on everything?

• Apple Card

• Capital One Saver One

• Chase Freedom Unlimited

• Citi Double Cash

What is the main reason the narrator does not use the Apple Card?

• It requires a high credit score.

• It is not available in their region.

• The rewards are not competitive.

• It has high annual fees.