No. Use credit wisely by pay credit cards in full each month to avoid paying interest.
If you don’t have any credit, good luck ever getting a home loan.
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Apple Card 0% Financing Now Available for Mac, iPad, and More
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If you don’t have any credit, good luck ever getting a home loan.
'you appear to be correct. I put a MacBook Air in the bag, went to checkout... options were Checkout with Apple Pay or Checkout. A link to special financing goes to the Barclaycard application page.
This isn’t true. Credit bureaus and CreditKarma display what your total limit is on a card and what your balance is. It doesn’t list what your available credit on a card is. Therefore, you can have a zero balance while having available credit that is $1500 less than what it normally is and you won’t be penalized.
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While I generally agree with what you are saying, with automobiles and depreciation you can get upside down really quick. Hopefully you are planning on keeping it a long time.
In a way yes you are being penalized.... if you no longer have credit to use. Example: if your credit limit is $2500, and you purchase a MacBook priced at $2450. If your available balance immediately goes down to $50... even though your first payment is only $150... you effectively no longer can use your credit card for any other purchases until you pay it all off. While this is ok if you have other cards to use, not everyone does. And you can't use it for other daily purchases to take advantage of cash back.
Yeah but that’s how the BarclaysCard and other cards work too. You buy an Apple product and your balance goes up and your available credit goes down. What Apple is doing is actually helpful. It’s annoying that someone’s whole limit will be used up depending on the purchase, but it is what it is.
Also, people signing up for this card specifically for this promo will likely only want to use it for a purchase like this and not use it again until it’s paid off.
Always better to just have the cash in full, pay for it with credit, and then pay it off afterwards. You get all of the perks and none of the stress. It’s programs like these that catch people off guard and turn them into $30,000 millionaires.
I use my Apple Card for all my daily transactions. I pay my balance off in full at the end of each Month to avoid interest. If I purchased any Mac, it will use up all my credit limit, and I'd no longer be able to use the card. You are correct that other cards do it that way... but they don't spin the wording the way Apple did. Better to just say you get a one year promotional period with no interest. That's how others do it. But they describe it as making installment payments, which sounds different.
Can you provide an example of another benefit that’s a better deal when buying qualifying Apple products? Because obviously this is a benefit just for Apple purchases so that’s the only item worth discussing.
It appears they don’t combine. I got this working on the regular web store, but the offer is gone when I go to the Veteran Store cart instead...
Hmm, the bank might be regional; mine -taken over son's was Citizens. When last I spoke to someone at Apple it was a 'new' CC involvement at checkout, not a fan, said I said be back when the lone Apple card 0% / 3+% cash back feature would be viable for my new shiny, I'd return; I loathe "shank of America" for the then financing.
This might be the time?
This might be the time?
I think this is a great option, but my Best Buy VISA card kills this new installment unless I need a custom machine(which so far has been never). It's always good to have more options, though.
Since I regularly buy tech, the best buy reward points are very useful. Also, if I wanted something like a new MacBook Pro, I can already get 18-months zero-interest. Unlike the installment plan, I have the flexibility to pay minimum payments until I decide to pay it off before the promotional financing is up. If you aren't disciplined, like all credit, then this option isn't for you. However, it worked well when I bought my last MacBook Pro.
Same here. I actually put something in the cart and my iPad gives me this option at checkout but if I pull up my account on Safari, it's not there.
I didn't like Apple's iPhone Installments through citizen's one. Almost no direct control over payments; all you can control is which card to they are going to autopay from and you have to call to do anything else.
As I've gotten older, I'm caring less and less about having the latest tech. If I didn't have my 11 Pro Max and was in the market at this moment, I would cash buy the new iPhone SE and call it a day.
If I even bother to finance tech, it's going to be through my much better Best Buy VISA card.
Some people CAN, but SHOULD they? Sorry, real life gets in the way. Having $20,000 in savings I would rather keep that for if my AC goes out and I need to shell out $10,000 for that alone. Or something breaks and I need several thousand for contractors and other work done. Even people I know making 1/4 a million salary pays off their credit card in certain amounts. Not always having it at 0.
Does anyone know if you need the full amount on your card to do this? I would like to get the Mac Pro later this year, but my credit on my Apple Card will not be enough for the amount I want to pay for the Mac Pro (max credit on the card is less than the cost of the Mac Pro). Or do I just need to few hundred it needs per month?
I was alternatively going to get a few Apple Store gift cards over the next few months to cover the purchase.
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Blame the credit industry. I used to have ZERO credit cards, but my credit history and credit score was BAD BAD BAD. You NEED a credit card and USE it to increase your credit score, which I have a BIG problem with.
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Clearly you don't know what manual underwriting is.
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Not blaming credit industry. I blame America and consumers for not living within their means.
You don't need a credit score to make big purchases like a home. Google manual underwriting.
Manual underwriting doesn't change his point at all. A majority of lenders don't do it. So right off the bat you are limiting your options. Most have credit score thresholds, and won't go below. The fact that you might find a handful to accept lower (if you can still satisfy their other requirements), it doesn't change the fact that having a higher score definitely helps. Even if you get the loan through your 'manual underwriting,' you are still likely to pay a higher interest rate, which are usually largely based on your score.
He said you can't get a home loan without a credit score.
My statement is true. Yes, the options are a bit limited but it's possible.
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...that's the entire point. If you're not a regular purchaser of Apple products and were going to open a new card, this probably isn't the best card. IMO, you go with something that will give you a solid 0% intro period and welcome bonus for the Mac, and better long term benefits that will be more impactful. If you regularly purchase Apple products, 0% installments and 3% cash back all the way.
He actually said good luck getting one. I suppose if you want to take the absolute most literal interpretation if that statement, ok. Anyhow, we are straying far afield of the topic of the post
It’s not “hair splitting.” It reads as-if Apple is saying it will only count against your credit limit on a month-by-month basis (i.e., for the amount due each month). If that isn’t the case, then Apple is describing, in a very non-sensical way, how every “no interest for X months” purchase works.
Would like to use it but for some reason GS only gave me a $3,000 credit limit when I applied last August although all my other cards have $12,000 or more. I like to use my Apple Card for my daily purchases and pay it off every month so if I were to get a $2,800 MBP with this, that would mean I would be left with a whopping $200 on my Apple Card to spend, a little more every month obviously but not at all sufficiently to cover my spending so then I’d have to use another card which I don’t want to do.