Apple on Monday announced the Apple Card, a new credit card it says will make it easier for customers to track their spending habits, pay their bills on time and more.

The Apple Card, issued in partnership with Goldman Sachs and MasterCard, is managed through a redesigned Wallet app on the iPhone. It offers a competitive interest rate, variable cash back on purchases, and an all-titanium physical card for use at merchants that don’t support the company’s contactless Apple Pay option. (Dropping your weighty titanium card on a dinner table will no doubt impress when it’s time to pick up the check.) It advertises no annual fee and no late fees, either.

But is the Apple Card right for you? Here’s what the experts said.