I could see them (GS) looking back a year, maybe 2. But my late payment was 4 years ago. Since then I’ve bought and sold a house, established accounts with utility companies, rented an apartment, even applied for and received other credit cards (AMEX, Barclays, BOA). If I were turned down I seriously would have thought it would be due to having too much open credit if anything. But the reason they gave was “You have recently been past due.” I figured maybe I’ll get a high interest rate or lower limit. Nope. Nada...no card for you because you were late on a payment 4 years ago. I’m just not Apple material anymore I suppose.
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Apple Card Extending 3% Daily Cash to More Merchants, Starting With Uber and Uber Eats
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If they were to offer this in India, it would be an instant hit. People in urban cities are progressively relying on ride sharing apps such as Uber. So much so that the Indian automobile industry is seeing a massive slow down.
Scam? LOL. People don't go into debt to get 2% cash back, usually at the end of the year at that. That's just a side benefit to use a particular card.
Moreover, you can't offer a lower interest rate as an inducement to everyone? How would that work? It has to be based on your credit worthiness or they would go out of business. And, how would a lower interest rate be of interest to someone who pays off their monthly balance each month?
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Terrible? A bit overwrought isn't it? There are undoubtedly cards that are better overall for some people, but most cards don't match the Apple Card overall benefits. Please point us to the competition that offers the privacy and security of this card (no one), plus no fees, no late charges, near immediate cash back, fantastic app, etc.
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Exactly! Wasn't there a big fuss recently about Ubur continuing to Track people after they had left the Ride?
Dear baby J! You don’t pay the fee directly, but the businesses do.
I wish there was no transaction fee. If it is hypothetically true, every business would immediately plaster on their windows their utmost willingness to accept Apple Card. Why do you think AMEX is ‘only’ taken at Costco? I exaggerate ‘only’ of course, but I’m not far off.
The old saying goes something like, if you can’t find the patsy in this game...
Do you mean that's not how Apple Card's virtual CC number feature works? Because I have a CC with a bank that allows me to generate as many virtual CC numbers as I want and whenever I want. I also can set an expiration date for the virtual # and even a max dollar amount.
By setting a max dollar amount (or even exact dollar amount), it is basically a 1 time use virtual CC #
Yeah I got the 12.99 APR, and a 10k limit....so did my wife. Our credit scores are over 830 and we have had excellent credit for years.
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I got the same, 12.99 APR and 10k limit.
Not sure where you're located or what bank you use but here in the USA, most banks have Zelle for personal transfers which is practically instantaneous.
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AMEX is not taken at Costco. They switched to VISA over a year ago.
Still, there are no transaction fee with Card.
And if I pay monthly balance, there’s also nothing I’ll pay for this card since it has no hidden fee and yet I’ll get 2% cash back from this and 3% cash back from that. Isn’t it great?
Someone posted on a different MacRumors Apple Card thread that he/she was approved even with a BK; I suspect those folks who get declined with a BK may have had an AMEX card charged off (i.e., included) in the BK--I've read that AMEX blacklists anyone who has had an AMEX card charged off in BK, and since GS offers an AMEX card as well...that may be a possibility for why folks with BK get declined for an Apple Card.
Because there's a good number folks that pay in full when the bill shows up, such as myself. I could care less what my interest rate is. If I don't have the cash to pay for it, I'm not charging it to a card. It's basic personal finance.
I think you are the big winner so far, my wife and I got 10k @ 12.99% (I haven't seen anyone with a lower APR)
It doesn't really makes sense for Apple to spend a lot of effort trying to improve the experience of using credit card numbers. From Apple's perspective that's the legacy, deprecated way to use a credit card. Apple's position is that you should be shifting your spending to Apple Pay instead of the old-fashioned way. Apple Pay is (arguably) much more secure than generating single-use or temporary credit card numbers. It solves the same problems in a different way.
Virtual CC numbers are a hacky way to make regular credit cards less awful. Apple Pay (and Google Pay, Garmin Pay, etc...) is the next-gen solution. It would undercut Apple's sales pitch for Apple Pay if they embraced Virtual CC numbers.
reading the various threads it seems even moderate credit scores are being approved (e.g. 600s) but as with any card there are a combination of factors so I wouldn't expect "if you are above credit score X you'll be approved". Personally I have excellent credit and was approved although I'm surprised I didn't receive the best reported rate, again likely due to a variety of factors such as the available credit I already have. I'd expect limits are also highly influenced by income and existing debt (generally are). From my personal experience the numbers I've seen reported in the forums for credit limits are very low.
tl;dr - possible to be approved at least in the 600s, maybe low 600s, there are other factors though and rates and limits will vary.
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groceries are a very low margin product and as a result grocers try to do whatever they can to reduce credit card use (due to transaction fees eating into those thin margins). I wouldn't expect them to encourage their use by getting on board with additional incentives.
Is it any more of a scam than coupons or something like Kohl’s Cash? For me personally I’m not buying anything I wouldn’t otherwise buy just to get cash back.
I'm a bit shocked and saddened at all the APR discussion. I can't imagine paying interest on my credit card purchases. If I can't fund it with my liquid assets, I shouldn't buy it yet. If it's an emergency, I should be able to pay it off before I'm charged any interest. If I cannot do either, I probably shouldn't get this card.
De facto you can. Most merchants don't care and make no effort to verify if you are the cardholder or not since once the transaction is approved, they are in essence off the hook.
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Purchase it through Apple and you'll get the cash back. Problem solved.