Innovative privacy features in exchange for sub-par rewards. RIP us North of the border, though.
I’d wager this is much better than what the majority of Americans currently have.
Not to mention cards like the Chase Freedom Unlimited where 1.5% is closer to 3% when redeemed through their travel portal.
The downside is that their physical card rate (1%) is not as competitive, but they're trying to nudge people/businesses towards digital payments.
Depending on your spending habits, you are probably better off having 1 general purpose card, and then a card or two from the businesses you spend the most money at (target, amazon, walmart, costco etc) or one that fits your spending profile.
The Apple Card might make a good general spending card, but you should still have one that gets you 4-5% somewhere.