Apple Card Begins Arriving to Customers, Wide Range of Credit Scores Reportedly Being Approved

[TheSuperE]

I'd like to thank all those people on Twitter that are posting pictures of their new CC with their actual names. While it doesn't show the CC number, it does show that it is a mastercard and their name. It's just asking for fraud and identity theft. What idiots.

That’s not how this works.

 

[TonyC17]

Where is everyone finding their credit score? I signed up yesterday and I didn't see mine anywhere

 

[vipergts2207]

Well, I know now that you have a mastercard through goldman sachs and your name is 'nilay patel' (not you really but the first twitter picture from the article). That gives me a ton of info. All I need from that is a little bit of time with google and I have what I need.

But it's just part of the puzzle. Someone that knows a concrete, true piece of information about you (real name, that you have an Apple card) can match that up with other info to get a profile and do nefarious things with that info. Very common tactic.

If you call the bank and are even able to convince them that you're, let's say Nilay Patel, it's not like they're going to repeat your own social security number back to you, because that's information they'd expect you'd already have. If it were really that easy, all you'd have to do is call different big banks with names of various people you know exist. Odds are most people have at least one card with a big bank like Chase, Citi, B of A, etc. But it's not that easy though. Try it with Nilay. What identity information that you'll need to steal his identity are you able to find with Google?

 

[MattG]

Meh, the interest rate on my credit union card is 9.9%. I think I'll stick with that.

 

[macfacts]

The best feature, IMO, is the virtual card number for online transactions.

I can buy something from a site I've never visited before without worrying about them "skimming" my card number.

Basically copying PayPal's business plan. I've had zero worries about online shops skimming my cc number when I pay with PayPal.

 

[yossi]

Most credit savy people have the citi double card. 2% cash back on every single purchase is unbeatable. Apple should have tossed 2.5% cash back on all purchases and this card would be a massive home run

 

[interconnect]

But it's just part of the puzzle. Someone that knows a concrete, true piece of information about you (real name, that you have an Apple card) can match that up with other info to get a profile and do nefarious things with that info. Very common tactic.

Ummmmm, NO. They don’t have your one time transaction code, credit card #, or CVV. All of which, they will never be able to get. So yeah, good luck with that.

 

[Melcali82]

Does the Apple Card have any bending issues like the ipad pros? Thinking of a UAG or the Zugu case.

 

[TroyBoy30]

almost 18% and you guys are happy? OMG

ill loan it to you for 17.5%

 

[drinkingtea]

I genuinely think no one with a credit score below a 700 should qualify. I find that most people are extremely irresponsible with credit cards no matter their age.

 

[Kaibelf]

Citi double cash card is 2%. On everything.

With my spending patterns I make far more on my Sapphire Reserve than I would with an Apple Card.

Bank of America Premier Rewards has good cash back and can be increased greatly through high qualifying balances in BofA/Merrill accounts (so you can have up to 2.7% cash back on everything with no limit). That one is admittedly not applicable for most people.

How many people on these boards would even qualify for a Sapphire Reserve? That's like me saying that since the travel perks I get with my Amex Platinum aren't on the Apple Card, somehow everyone else should avoid it. This card is just fine for general use, and since a ton of people use Apple Pay on regular purchases throughout the day, wouldn't this basically be a Citi Double Cash alternative for those people?

Really though, I do strongly wonder about the restrictions (if any) Apple may have placed on Goldman as far as sharing spending patterns/data with "trusted third parties." If that's off the table with Goldman, then that to me FAR outweighs losing the 1% on the off-brand retailer who can't handle mobile payments.

 

[iapplelove]

My card is shipping today, 816 Transunion Score, a $7500 Limit at 17.99%

Damn an 816 you must borrow a ton of money.

 

[Kaibelf]

I genuinely think no one with a credit score below a 700 should qualify. I find that most people are extremely irresponsible with credit cards no matter their age.

That's fine. Then put that policy in place for the bank you run.

 

[the-seeker]

Goldman probably figures if you can afford an iPhone you're probably a better credit risk than the average consumer, even if you have a middling credit score.

Should be the other way. People are way into debt because of Apple pricing already!

 

[iapplelove]

I genuinely think no one with a credit score below a 700 should qualify. I find that most people are extremely irresponsible with credit cards no matter their age.

I tend to stay away from all CCs... lmao my score went from 800 a few years ago and is now zero.

I have everything paid off except my home and will never borrow money or get a car loan ever again

 

[sully54]

These humblebrags with their multiple
metal cards

 

[Kaibelf]

Damn an 816 you must borrow a ton of money.

That's not how credit works. Your score is based on your debt load and repayment patterns and habits, NOT by carrying large debts.

 

[macfacts]

If you call the bank and are even able to convince them that you're, let's say Nilay Patel, it's not like they're going to repeat your own social security number back to you, because that's information they'd expect you'd already have. If it were really that easy, all you'd have to do is call different big banks with names of various people you know exist. Odds are most people have at least one card with a big bank like Chase, Citi, B of A, etc. But it's not that easy though. Try it with Nilay. What identity information that you'll need to steal his identity are you able to find with Google?

According to many apple fans here, all you have to do is pay google and google will hand over the users private info.

 

[jicon]

Credit score of 760 nets me $6,500 credit limit and 17.99%.

This is my first card that gives me no international fees. Super excited!

Hmm... if this comes to Canada, I may need to keep an eye out on whether it too has no international fees. The last time I was looking, the only other Canadian card that had something decent like that was an Amazon card, that mysteriously wouldn't allow any new applications a few years ago. Yesterday, Chase Bank forgave any outstanding debt on the old card.
https://www.cbc.ca/news/business/chase-bank-amazon-visa-marriott-credit-card-debt-1.5239411

International fees suck. We're talking 2-3% extra fees on every transaction

 

[kingalien]

People are being seduced by the minimalism and Apple Wallet integration. There are much better cards out there from a rewards perspective). In terms of privacy and security you're not liable for any fraudulent charges with normal credit cards that have the number on them so....no real difference.

Agreed....but it’s prettyyyyyyyy

 

[Zeke92]

Damn an 816 you must borrow a ton of money.

That's not how credit works

 

[DotCom2]

I got mine yesterday. $10K limit, 12.99%. Made first purchase today and my card changed from pure white to having an orange gradient (I bought food).

What was your credit score if you wouldn't mind saying?

 

[balderoine]

My credit score is well in the excellent category but I put my yearly salary wrong on the sign up page and I wasn't approved. Redid it and got the card. But now I got a hard inquiry! Y'all what can I do?

 

[ltb7]

Credit score of 760 nets me $6,500 credit limit and 17.99%.

This is my first card that gives me no international fees. Super excited!

FYI - amex gold + platinum cards have no international fees

 

[Steve.P.JobsFan]

My credit score is well in the excellent category but I put my yearly salary wrong on the sign up page and I wasn't approved. Redid it and got the card. But now I got a hard inquiry! Y'all what can I do?

You were going to get the hard inquiry no matter what by accepting the offer. Checking to see if you’re approved is a soft inquiry, actually taking the offer converts it to a hard. All credit cards do hard inquiries.