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

[C DM]

The funny thing is this is NOT either so go ahead and try frauding them. They also have fraud protection and enjoy being on the run as finding you is getting a lot easier every few months.

What do yo mean by "this is NOT either"?

 

[Sora]

Just because you say something doesn’t make it true. You don’t need to borrow a lot to have a high credit score. The only requirements for a high score are a long credit history, no missed payments or collections, low credit utilization, minimal hard pulls and a good mix of credit types. That’s it. None of that requires large amounts of borrowing.

^^THIS all day.
This is life changing information (if you don’t already know it).

So much misinformation out there. It’s good to see rock solid information every once in a while.

 

[DCJ001]

scoregate? interest rategate?

IncomeGate.

 

[vipergts2207]

Remember also it is ok to give a little interest if you always pay it off the credit companies and credit scoring do not know how you can pay off a long term credit you just don’t want to pay them nothing for a month or 2. Once in a while I will pay large purchase off over 2 or 3 months. Shows you can handle debts responsible. And my credit score goes up.

That’s not how it works. As long as a statement cuts with a balance every month, it doesn’t matter if you pay it in full. There is zero need to pay credit card interest to benefit your score.

 

[Mactendo]

Measuring cards weight...

 

[DCJ001]

2% cash back with no fees is solid on the ApplePay part.

I get the exact same benefits with the below card:

[doublepost=1565387001][/doublepost]

Yes I know how credit scores work. And like I said already.. and I know from being in the 800 club already that you borrow a ton/ it’s pretty cut and dry
[doublepost=1565376396][/doublepost]

Sure it is. And I didn’t say credit I said credit score.

I guess that I must have been borrowing a megaton!

 

[Troy Hoffman]

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.

You mean all those people posting pictures of cards with names that match their Twitter accounts? The photos of the card don't tell you anything you don't already know except that they have a Mastercard. And considering over half of the US population has a Mastercard, that's not telling you much anyway.

 

[hubieonekanubie]

Waiting for the first person to complain about scratches on the card and asking how to get rid of them.

 

[Wide opeN]

Has anyone done cocaine with it yet?

BEST POST EVER!!!

 

[Baymowe335]

I get the exact same benefits with the below card:

[doublepost=1565387001][/doublepost]
I guess that I must have been borrowing a megaton!

The Citi Double Cash has foreign transaction fees. Apple Card does not.

 

[bowlerman625]

You both have excellent credit scores, anything over 750 is considered top tier anywhere else.....curious why you are not approved at 12.99% interest and what it would take to be at or around that 12.99%?

830 score, $10k, 12.99%

 

[DCJ001]

looks like the rollout is over. No one has posted about getting an email or the ability to add the card today.

 

[Robert.Walter]

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.

I wonder how that works if you have, say your monthly fixed utilities billing to the card, and after you buy something on line you change the number. Will you have to change the card number stored at each of the utilities? If so, that feature needs to be bifurcated, one stable changeable number in case of disaster, and one easy to change after individual transactions. Without this, a) the card won’t be used for the stable monthly transactions, or b) after every post internet buy one will have to change it he number stored at all the stable online acts.

 

[DCJ001]

The Citi Double Cash has foreign transaction fees. Apple Card does not.

I never buy anything in foreign currency = I pay no foreign transaction fees.

 

[Baymowe335]

I never buy anything in foreign currency = I pay no foreign transaction fees.

Good for you. You aren’t the measuring stick and many people care about foreign transaction fees.

I have a Chase Sapphire Reserve that’s better (3%) for travel and restaurants than the Citi Double Cash.

Everyone cares about different stuff.

You should travel more if you never care about foreign transaction fees.

 

[KoToNaS]

Your email was received yesterday

 

[DCJ001]

You consider opening a credit card to be trusting my finances to an organization?

You own or have owned Apple products I assume, which means you’ve likely given Apple access to all your usernames, passwords, contacts, emails, inserted your credit card information to iTunes and many apps or purchases on the web at some point?

iTunes has my PayPal email address for payments.

 

[[AUT] Thomas]

I doubt Europe will get this card then. Both the cash back and APR lowest percentage is illegal here.

What? Why should that be illegal?
OK, it's called "rewards points" or something similar here, but the concept is the same.
The APR is actually just slightly higher than in Europe. The major difference is that the average Europen credit card doesn't allow for partial payments. If you choose a card that does that you will also face 8 to 20% annual interest rates beyond the first month... sauce: https://www.kreditkarte.net/kreditkarten-mit-ratenzahlung/
However, if you like that kind of lifestyle (pay back later) it makes a lot more sense to apply for a higher credit line at your bank. That will end up at 7%. Let alone 3-4% if you just go with a fixed rate credit for a larger purchase.
That is also the reason why those kind of cards simply don't make sense in Europe...

 

[DeepIn2U]

Has anyone done cocaine with it yet?

I wanna see a raw episode is Suits with a bad dirty lawyer doing lines using AppleCard ... maybe Louis Litt getting “Litt up!” Lol.

 

[Shirasaki]

Wide range of credit score? I wonder how this gonna pan out in Australia.

 

[hubieonekanubie]

I wonder how that works if you have, say your monthly fixed utilities billing to the card, and after you buy something on line you change the number. Will you have to change the card number stored at each of the utilities? If so, that feature needs to be bifurcated, one stable changeable number in case of disaster, and one easy to change after individual transactions. Without this, a) the card won’t be used for the stable monthly transactions, or b) after every post internet buy one will have to change it he number stored at all the stable online acts.

Virtual cards (one time use cc #’s) are not what you use for that. They are used for individual transactions. What you’re talking about would be called a ghost card (still a unique cc# but can be repeatedly used.). I worked for a Mastercard issuer for 8 years starting in 2008, so what Apple is doing is not new other than incorporating it into Apple Pay and not having a static card # on the card.

 

[vipergts2207]

Good for you. You aren’t the measuring stick and many people care about foreign transaction fees.

I have a Chase Sapphire Reserve that’s better (3%) for travel and restaurants than the Citi Double Cash.

Everyone cares about different stuff.

You should travel more if you never care about foreign transaction fees.

While no individual is a measuring stick, realistically most people who will get this card will never have to worry about FTFs anyway. And for the vast majority for whom it’s a possibility, it will be a rather rare occurrence, to the point where they'd be better off getting a real travel card when the time comes. Many of which offer a nice sign-up bonus and also have no ETFs. The Chase Sapphire Preferred for instance is offering a $750 sign-up bonus on travel.

 

[RodThePlod]

Good question. I think I'll go with a Dyneema wallet from Hawbuck. I think the minimalism will complement the Apple Card. https://www.hawbuck.camp/wallets/hawbuck-lean-wallet-black-3felx

LOL - I thought richxps was being sarcastic when asking that question

 

[KrispE00]

Remember also it is ok to give a little interest if you always pay it off the credit companies and credit scoring do not know how you can pay off a long term credit you just don’t want to pay them nothing for a month or 2. Once in a while I will pay large purchase off over 2 or 3 months. Shows you can handle debts responsible. And my credit score goes up.

This is a myth. Your credit score is calculated from 5 categories. None of them are how much interest you have paid. You’re just wasting money.
https://www.nerdwallet.com/blog/finance/credit-score-improve-credit-card-paid-off/

• Payment history
• Outstanding balances
• Length of credit history
• Applications for new credit accounts
• Types of credit accounts (mortgages, car loans, credit cards)
  

 

[subjonas]

An unboxing video of a credit card? I think we've reached Peak Consumerism.

I pray that we have.