Apple Pay Later is suitable for smaller purchases with 0% interest for Apple users, while Chase Sapphire Preferred Card is better for larger purchases, travel rewards, and those who can leverage its benefits to offset the annual fee.
| Attribute | Apple Pay Later | Chase Sapphire Preferred Card |
|---|---|---|
| Interest Rate/APR | 0% | 19.99% - 28.24% variable for purchases and balance transfers; 29.24% variable for cash advances; up to 29.99% penalty APR may apply |
| Credit Limit/Spending Power | $50 to $1,000 | Minimum credit limit of $5,000, with some cardholders reporting $10,000 or more |
| Fees | No fees | Annual Fee: $95, Late Fee: Not specified, see terms, Foreign Transaction Fee: None, Balance Transfer Fee: 5% of the amount transferred, with a minimum of $5 |
| Rewards Program | No rewards program is mentioned in the search results. | Earn 5x points on travel purchased through Chase Travel; 3x points on dining, select streaming services, and online grocery purchases (excluding Target, Walmart, and wholesale clubs); 2x points on all other travel purchases; 1x point on all other purchases; 10% anniversary points boost |
| Purchase Protection/Insurance | No buyer protection is offered by Apple Pay. However, some banks and card companies may cover unauthorized transactions made through Apple Pay. | Purchase protection covers eligible new purchases for 120 days from the date of purchase against damage or theft, up to $500 per item; Extended warranty protection extends the manufacturer's U.S. warranty by an additional year on eligible warranties of three years or less; Auto Rental Collision Damage Waiver; Trip cancellation and interruption insurance; Trip Delay Reimbursement; Baggage Delay Insurance |
| Fraud Protection | Uses information about Apple devices, Apple Store, App Store transactions, and Apple Pay usage to help prevent fraud. Apple Financing does not sell transaction information to third parties for advertising or marketing. Requires Face ID, Touch ID, or passcode for transactions. If fraud is confirmed, Apple Financing may share limited personal data with Apple Inc. for security, fraud prevention, and compliance. | 24/7 monitoring for fraud; Zero Liability Protection; Lock and unlock card feature |
| Credit Score Requirements | A soft credit check is performed, but it should not impact your credit score. | Good to excellent (670-739 or higher) typically needed, some approved with scores in the 600s |
| Repayment Options/Flexibility | Purchases are split into four payments over six weeks. Payments are automatically drawn from a linked debit card in the Wallet app. Credit cards cannot be used for repayment. Users receive notifications via Wallet and email before payments are due. | Chase Pay Over Time allows eligible cardmembers to break up card purchases of $100 or more into fixed monthly payments with a fixed monthly fee |
| Global Acceptance | Available for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. | Accepted worldwide where Visa is accepted |
| Mobile App Features | Loans can be managed and tracked in the Apple Wallet app. Users can view the total amount due and upcoming payments on a calendar. | Not specified |
| Customer Service Quality | Contact Apple Support to notify them of account issues so they can temporarily lock your account. | Not specified |
| Integration with Apple Ecosystem | Built into the Apple Wallet app. Uses Apple ID history for fraud prevention. Payments are authenticated using Face ID, Touch ID, or passcode. | Not specified |