Larger market, of course. The majority of Apple consumers don't fit those criteria. I do.
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Yup, I buy everything on CC and pay off in full each month. I have never had debt.
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Apple Card App Expected on iPad, Barclaycard Visa No Longer Offers Apple Rewards
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Too many people think credit card = debt.
What’s wrong with having a balance on a credit card for a financing plan if the money is in the bank? Would love to know. I could pay off my balance now if I wanted. If I lost my job tomorrow, it could be paid off. Not a big deal to have a running balance for a financing plan if the money is in the bank to pay off the remainder
I'll agree, you shouldn't use a credit card if you're not responsible enough to control your spending.
I found the guy that is paying 2% more than me on every purchase he ever makes.
I spend $4k US a month on credit cards, so 2% is $80 a month or $960 a year. I get $960 more than you each year, all for pulling a different card out of my wallet.
No I've never paid interest or fees.
I’m if the opinion that this arrangement with Goldman will become an enabler for AP in national markets not yet served by Apple Cash. Given that Goldman has local banking subsidiaries around the world, they can help facilitate this.
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My guess is they will be willing to risk giving out to folks with no or low credit scores, but with a low limit, say 500 or 1000$. If Goldman wants to gain younger first time applicants they have to risk leniency.
1. Totally agree. It's sad, but true.
2. I first got a credit card when I was 18 years old. Now, 21 years later (through a major recession in which I was unemployed for a year), I have yet to pay interest on a credit card. I've paid it off every month for over 2 decades without a problem, even in hard financial times. So the advice to "pay off credit card debt every month" is very good advice, and very achievable. No excuses.
3. How is getting a 1%, 2%, or 3% discount on purchases a scam?
I felt this coming and made a purchase last week to qualify for one last $25 gift card.
Right there with you. Mainly just think the card is cool looking. But I think it will be used. It will be what I give out at restaurants and bars because it is more secure.
Sorry I was imprecise. I meant that I don’t make large purchases on credit cards and leave the balance over time. Generally I use a credit card (to get the protections and miles) and then immediately pay it off. That’s what I’ll do with the Apple Card.
That said, when I lived in NYC, it was a thing to see foreign tourists buy multiple expensive Apple items using large amounts of cash. Draw your own conclusions. Lol.
Haha, just thinking of that makes me nervous, but I imagine those people probably have 100x that somewhere else. Me? I'm lucky to have that in my bank account, <cough>.
I think I remember a story of one of those tourists getting mugged right after buying a boatload of Apple products...
Why would you leave money in the bank for the privilege of paying 10% or so interest on a purchase? Maybe if I was laid off, I might do this. But in normal times I will take cash out of my 1% interest bank account to pay off my 10%+ interest credit cards. Now if I could just get my wife to allow me to do the same with her credit cards.
I don't understand.
There's a "Wallet & Apple Pay" section right in the settings app on the iPad, and you can use Apple Pay online, authenticated with Touch ID (or Face ID). Is the standalone app for people too dumb to figure it out?
There's a "Wallet & Apple Pay" section right in the settings app on the iPad, and you can use Apple Pay online, authenticated with Touch ID (or Face ID). Is the standalone app for people too dumb to figure it out?
Good point. I've been using this more and more, especially on web purchases that allow it. Absolutely move it.
Well if you struggle to pay off your statement each month that would definitely mean there was way more "want" spending than "need" spending. I agree most people don't spend smart and credit cards heavily influence that but it doesn't negate the fact that having a credit card is worse than just using cash if that is in fact the mindset you are sticking to.
It's absolutely the best practice to say "I'm just going to pay them off each month", that's the ideal usage for them. Some utilities and grocery needs will not change just because it was put on a card, that's an expected expense so if you can't manage that then you certainly don't have the cash regardless to manage it without a card.
Do you even know how compound interest works? Have you calculated how much your purchases are costing you over time by not paying off your high-interest debt?
Sitting on a pile of cash while your credit accrues interest is foolish.
Thats actually not true. My entire family as well as other that I know use only credit cards for purchases and pay it off every month. It is actually better to do that than to use a debit card for anything.
Same here. I have never carried a balance in YEEEEARS! I use it to get points and miles and do quite nicely on it. Not to mention that paying off the balance each month gives me an excellent credit rating to better finance large items like Mortgages and car loans. You just have to be smart about it!
I don't think that he was implying not paying off his card at all and just letting it saturate. You can have a running balance without a doubt, and not pay interest, so long as you pay your statement balance in full each month. That's why there is a statement balance and an account balance. That's also how the credit companies build your report up because it shows you use your credit, and use it responsibly.
EVERY credit card I have is paid in full every month, hence my almost 850 credit score.
The LL Bean credit card WAS a Barclay bank credit card. It converted to Citi Bank mid-2018.
Rewards on a credit card may be moved to the replacement bank, if one exists.
Some countries have moved away from CASH for most of their financial dealings.