That is pretty much exactly how it is in the UK... Utilise credit sensibly, don't use too high a percentage of your available credit, pay on time, and it's good for your credit score, and then you can access more favourable interest rates. I would imagine it's similar in Europe too?
Right, it is similar to that, however not the same extent as it seems to be in the US. In the US you can proactively build up your credit score by charging every single purchase to a credit card and paying off your monthly balance on time. With a lack of credit cards in Europe and very few incentives for people to go and get one in Europe it reduces the ability for people to increase their credit scores in the same way that the US allows.
Apple Card is starting to show up on Equifax credit reports, but not yet for all users, according to a Reddit discussion today.
Apple Card info is now being reported to all three major credit bureaus in the United States, with the other two being Experian and TransUnion. As with any credit card, Apple Card usage can positively or negatively one's credit score based on factors such as payment history, credit utilization, and age of the account.
To apply for an Apple Card, open the Wallet app on an iPhone running iOS 12.4 or later, tap the plus button in the top-right corner, and follow the on-screen steps. The process takes just a few minutes, and if approved, a digital Apple Card will be ready for purchases immediately. A physical, titanium Apple Card can also be requested through the Wallet app for use at retail stores that do not accept contactless payments.
Apple Card's key features include color-coded spending summaries in the Wallet app, no fees, and up to three percent cashback on purchases, paid out daily.
Article Link: Apple Card Beginning to Show Up on Equifax Credit Reports
That's not really how it works in many cases, especially when it comes to something that involves financial institutions, regulations, etc.
Wow - calm down! To be fair to Apple, regarding the UK, we are nearly always among the first to get every Apple product after release. There are very many countries who could justifiably complain much more than us about that. As for the card, I believe that is nowhere apart from the US? This might be more to do with regulators and banking systems elsewhere? I believe regulations were changed in the UK and/or Europe which pretty much killed off American Express in these markets, overnight. This all said, I have just seen Samsung are launching their card in the UK. That's smart - it will steal a good march on Apple Card (if it ever makes it) over here.
Interesting, thanks. In that case the problem is probably that the European rules will not allow them charge retailers a high enough percentage to give the rewards that they do in the US.
