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

Crowbot said:
I don't think Apple is involved with that part of the business. (I believe they put that out in the announcement) The question should be whether Goldman Sachs can be trusted.
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Based on their past actions, the answer is certainly not.
 
When you apply for a credit card and they pull your reports your gonna get a hard pull no matter what

James
 
realtuner said:
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. I just have my Wallet App generate a virtual card number/EXP/CCV. If I visit another site I want to buy something from I can generate a brand new virtual card number. If I want I could literally generate a virtual number for every single transaction I do online.

Just think how this will help with fraud investigations. If I used a virtual card at an online retailer, and a week later that number is attempted again for another purchase the bank will immediately know it's a fraud attempt. Further, if a virtual number I used at one online store is attempted to be used at a different online store the bank not only knows it's a fraud attempt, but they now have a verified link between the two entities. This should go a long way to reducing fraud and catching the organized criminals as you now have a "paper trail". With a regular card that might have been used at dozens (or hundreds) of locations it can be difficult to figure out which of those locations was the source of the skimming.
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I wish any of mine had the virtual number option. I highly been wanting that feature.
 
realtuner said:
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. I just have my Wallet App generate a virtual card number/EXP/CCV. If I visit another site I want to buy something from I can generate a brand new virtual card number. If I want I could literally generate a virtual number for every single transaction I do online.

Just think how this will help with fraud investigations. If I used a virtual card at an online retailer, and a week later that number is attempted again for another purchase the bank will immediately know it's a fraud attempt. Further, if a virtual number I used at one online store is attempted to be used at a different online store the bank not only knows it's a fraud attempt, but they now have a verified link between the two entities. This should go a long way to reducing fraud and catching the organized criminals as you now have a "paper trail". With a regular card that might have been used at dozens (or hundreds) of locations it can be difficult to figure out which of those locations was the source of the skimming.
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Is this a new feature? I have been doing that for more than 10 years, I only use my real card for a quite small number of companies (Apple being one of them)

I do have a real credit card but this also works with debit cards, i.e. you have a real debit card behind the virtual credit card number.
 
ruslan120 said:
but I dont wanna pay $295 and $550 annually, respectively, for a feature that will save me $50-$100 at most/yr
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I agree for an annual fee of $450 they can keep the card. I should have to pay a fee to use a cc. They are making enough off me as it is. Minimal because I never carry a balance

James
 
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Do most people not pay off their credit card in full each month thus negating the need to pay any interest anyway?

Then the best card is simply the one that gives you the most cash back which in effect means the credit company are paying you?
 
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considering how Apple takes pride in its product this is not that beautiful as the promo videos.
GS logo is terrible and the strip on the back doesn't align perfectly from side view. Sure, nit picking but hey, its Apple :-D
 
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Freida said:
considering how Apple takes pride in its product this is not that beautiful as the promo videos.
GS logo is terrible and the strip on the back doesn't align perfectly from side view. Sure, nit picking but hey, its Apple :-D
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Have you not seen the leaks of the iPhone 11? lol. That should tell you Apple has zero care about looks anymore haha
 
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Kaibelf said:
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.
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I wonder about that too. Federal and state laws already limit how banks can share personal information (California in particular has pretty good protections). Is there anything in Apple's agreement with Goldman that goes beyond that?
 
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