By: Ishan Mukhopadhyay Jun. 05, 2018

Raltin found in a recent analysis that Apple Rewards Visa card offered by Barclays Bank Delaware has reduced its grace period from 23 days in July 2017, to 0 days in January 2018. Grace period is the number of additional days the consumer is entitled to for paying off his/her balance, from the time they receive their bill. This reduction is the most in the last 4 years of this card's history. The study was conducted using data from the Consumer Protection Financial Bureau, which asks credit card companies to fill out a standard survey detailing about the institution’s APR, grace period, annual fees and other variables.

Raltin’s analysis of credit card information from January 2014 revealed that the grace period had remained a constant (23 days) from  January 2015 to July 2017, until its most recent change in January 2018.

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As the name of the card suggests this card provides the certain special bonanza for Apple users. For every $2500 points, one becomes eligible for a $25 Apple Store Gift Card or an iTunes card. You earn 3 points for every $1 spent at Apple and 2 points for every $1 spent at restaurants. Finally, a solitary point is awarded for every purchase made outside of Apple.

Special rewards wait for those who make purchases with Apple within the first 30 days of account opening. Your purchase amount can dictate a wide range of promotional periods - 6 months for less than $499, 12 months for purchases between $499 and $999, and 18 months for purchases above $999. The interest rate for borrowing money during the promotional period is $0.