Apple Card Launching in August

[RotaryP7]

The 3% on Apple purchases or Apple store purchases, does this include App Store/iTune purchases as well? You'd think anything anything Apple related would count as 3% cash back?

 

[TomH TX]

Woo-hoo. So, can we forego sleep to do a 2am pre-order, or better yet, go wait in line outside an Apple store?????? JK

 

[konqerror]

them getting into the credit card business is like McDonald's now selling lumber. What's next? Mattresses?

Let's look at a few companies with branded credit cards: Apple (the old Barclaycard), Best Buy, Amazon, Walmart, Costco, Target, Office Depot, Home Depot, Cabelas, Canadian Tire, Macys, pretty much every airline, pretty much every hotel chain, GM, Mercedes, universities (via alumni associations), essentially every gas station brand, many political organizations...

Why wouldn't Apple have one? Look up "affinity credit cards".

 

[xpxp2002]

Let's look at a few companies with branded credit cards: Apple (the old Barclaycard), Best Buy, Amazon, Walmart, Costco, Target, Office Depot, Home Depot, Cabelas, Canadian Tire, Macys, pretty much every airline, pretty much every hotel chain, GM, Mercedes, universities (via alumni associations), essentially every gas station brand, many political organizations...

Why wouldn't Apple have one? Look up "affinity credit cards".

Don’t forget Sears. That card is now known as Discover.

 

[tmiw]

Hopefully the card works well in practice. There are enough stores in the US with badly written software that I can see issues cropping up extremely quickly. In fact, I occasionally run into "card not accepted" errors when I tap physical Mastercards (and the Apple Card is a MC, in fact) while the same cards work when inserted or swiped.

Anyway, I feel like Apple should have gone Visa, if only because a) contactless seems to be more reliable with those and b) Costco.

 

[zombierunner]

We still don’t have Apple Cash card in UK.

 

[jortbru1299]

The 3% on Apple purchases or Apple store purchases, does this include App Store/iTune purchases as well? You'd think anything anything Apple related would count as 3% cash back?

It does include those purchases. I’m looking forward to 3% on my new 16” MBP and getting those sweet, sweet southwest miles as well

Also, Apple Music just got 3% cheaper...

 

[Cyberpower678]

It does include those purchases. I’m looking forward to 3% on my new 16” MBP and getting those sweet, sweet southwest miles as well

Also, Apple Music just got 3% cheaper...

This. I'm waiting to upgrade to the new 16" MacBook Pro and retiring my 2012 Pro Retina. It's served me well, but it's time to decommission it.
[doublepost=1564530485][/doublepost]

Too bad the back of the card is so ugly. Steve Jobs never would have allowed such an ugly back of the card, he had the engineers sign the inside of the original Mac, because you should be proud of the work, even if no-one will ever see it.

but seriously, the back is so ugly.

I think the card looks beautiful. It's simple an elegant, unlike the rest of the Credit Cards.

 

[Crowbot]

Can't innovate anymore, my a**!

What a joke. The iPhone 6, 6s, 7, and 8 all had the same design. Apple was too lazy to redesign them. The iPhone X, Xs, and 11 all have the same design. Apple was too lazy to redesign them. But Apple has the time to design a credit card. That's innovation!

I'm not sure what you're looking for in a redesign. I'm more interested in the chips and other guts they put inside. Apple has been pretty good at putting the latest tech into new models. My new phones go from the box right into a case so I don't pay much attention to the external aesthetics.

 

[Cyberpower678]

I dunno it’s hard to get excited over a credit card.

At this point in life I try to stay debt free and not worry about credit scores.

Fun fact, a great credit score can help get great utility rates, not to mention great bank loan rates. Something you will not have if you don't build a credit history which is as easy as getting a CC and simply paying it off in full every month.

 

[brando123b]

I must be missing out on the killer feature. 3% at Apple? Who's excited? If it was 8% I'd take a look...maybe. Seems like a novelty.

 

[cmaier]

them getting into the credit card business is like McDonald's now selling lumber. What's next? Mattresses?

Starbucks used to sell furniture.

When Amazon started selling things other than books, everyone thought it was weird.

Nintendo started out selling playing cards. Commodore sold filing cabinets at first. Nokia started as a pulp mill.

You’ll get used to it.
[doublepost=1564531819][/doublepost]

I must be missing out on the killer feature. 3% at Apple? Who's excited? If it was 8% I'd take a look...maybe. Seems like a novelty.

The killer feature is immediate cash back, no fees, security, and immediate feedback/dashboard.

This may or may not be more valuable to you than an extra % cash back, but don’t pretend it isn’t valuable to anyone.,
[doublepost=1564531876][/doublepost]

I must be missing out on the killer feature. 3% at Apple? Who's excited? If it was 8% I'd take a look...maybe. Seems like a novelty.

The killer feature is immediate cash back, no fees, security, and immediate feedback/dashboard.

This may or may not be more valuable to you than an extra % cash back, but don’t pretend it isn’t valuable to anyone.,

 

[iapplelove]

Fun fact, a great credit score can help get great utility rates, not to mention great bank loan rates. Something you will not have if you don't build a credit history which is as easy as getting a CC and simply paying it off in full every month.

I’ve never had a utility say electric for example run my credit. I use to have a high credit score like high 700s but I was in debt.

Now my only debt is my mortgage, and I intend to keep it that way even if my score is now zero.
[doublepost=1564532075][/doublepost]

Fact is, unless you will never apply for a mortgage, car loan, job, or insurance, credit scores are important. Aside from the obvious loan applications, some companies use them as a barometer of how trustworthy a person is (job or insurance).

Having a credit card is not debt if you pay the balance when due. Doing this using a good reward card, means you reap rewards (cash back, miles, etc) for doing nothing more than following your normal spending pattern using a different more beneficial modus.

My credit has been frozen for about 5 years now. I have perfect credit history but about five years ago I literally paid off everything accept my mortgage.

Don’t ever intend to borrow money again, rather have it in the bank.

I will drive a pos before I ever get another car loan too

 

[6502]

I dunno it’s hard to get excited over a credit card.

At this point in life I try to stay debt free and not worry about credit scores.

The smartest post in this thread.
[doublepost=1564532426][/doublepost]As an Apple stockholder whoo hoo!

As a credit card user, who cares. There is absolutely nothing special about this card. Even the rewards suck.

 

[cmaier]

I’m not sold on Apple CC. Let Apple make computers, let Visa handle Credit cards lol

Visa doesn’t make credit cards.

 

[6502]

Fun fact, a great credit score can help get great utility rates, not to mention great bank loan rates. Something you will not have if you don't build a credit history which is as easy as getting a CC and simply paying it off in full every month.

I have never seen utility rates affected by a credit score. Utility rates are published and I've never seen it broken down by credit score. I suppose they may require a deposit if you have a lousy score but even that I doubt.

Interest rate from a bank loan, of course that will depend on your score. Or, just don't borrow money and not worry about it. That's what I do.

 

[konqerror]

As a credit card user, who cares. There is absolutely nothing special about this card. Even the rewards suck.

Depends alot on how Goldman Sachs handles it. For example, I regularly use American Express because even though their rewards aren't very good, they have consistently good customer service, little ongoing hassle, and ethical billing practices. Completely over waiting on hold for an hour to figure out why my card keeps getting declined to get an extra $15 a year in cash back.

I have never seen utility rates affected by a credit score. Utility rates are published and I've never seen it broken down by credit score. I suppose they may require a deposit if you have a lousy score but even that I doubt.

The deposits can be significant, around $400-600 (2-3 months worth of power, the time it takes for them to shut you off). I believe the local utility's policy is the first connection is assumed to have good credit, but the moment you significantly miss a bill or you need a second meter, they will look at your credit score to determine if a deposit is necessary.

 

[6502]

Visa doesn’t make credit cards.

Pretty sure you knew what he meant.

 

[Hieveryone]

Visa doesn’t make credit cards.

I think I have a Visa one?
[doublepost=1564532849][/doublepost]My bottom line is, I"ll let apple sell me a computer. I'll let American Express handle the bill haha!

 

[komone]

Sure, chase this for the short term and quarterly reports, Tim.

Except it won't work beyond a quarter or two - and it's not the Apple who made my life better and you have now burnt away 20 years of my belief and trust in this company for your next quarterly report.

 

[6502]

Depends alot on how Goldman Sachs handles it. For example, I regularly use American Express because even though their rewards aren't very good, they have consistently good customer service, little ongoing hassle, and ethical billing practices. Completely over waiting on hold for an hour to figure out why my card keeps getting declined to get an extra $15 a year in cash back.

I've rarely used CC customer service (can do most things online) and never had an issue when I did. Not a fan of AmEx though, esp. the cards with annual fees.

 

[cmaier]

I think I have a Visa one?
[doublepost=1564532849][/doublepost]My bottom line is, I"ll let apple sell me a computer. I'll let American Express handle the bill haha!

Visa didn’t make it. Just because a logo is on something doesn’t mean that company made it.

 

[awasilewski]

Does anyone know if this credit card will still give you 18 months financing if purchasing a macbook at the apple store like the current barclaycard?

 

[TigerWoodsIV]

I might get this out of pure curiosity. The rewards are absolutely pathetic, but for certain purchases via Apple Pay or at the Apple store it's at least on par with other cards. I am really hoping this is a giant flop so they make the rewards up to par with other cards.

Citi Double Cash better or the same on everything but Apple Store purchaes. Amazon card obliterates it on Amazon purchases. Chase Sapphire Reserve obliterates it on travel and dining. There's really no reason to get this unless you unload cash at the apple store and want to take advantage of the slightly better features than the other cards.

I hope it's a huge flop so they provide rewards that are actually on par with other cards. Then it would dominate.

 

[awasilewski]

I might get this out of pure curiosity. The rewards are absolutely pathetic, but for certain purchases via Apple Pay or at the Apple store it's at least on par with other cards. I am really hoping this is a giant flop so they make the rewards up to par with other cards.

Citi Double Cash better or the same on everything but Apple Store purchaes. Amazon card obliterates it on Amazon purchases. Chase Sapphire Reserve obliterates it on travel and dining. There's really no reason to get this unless you unload cash at the apple store and want to take advantage of the slightly better features than the other cards.

I hope it's a huge flop so they provide rewards that are actually on par with other cards. Then it would dominate.

This will be interesting, I debating whether I get the 18 month financing thru Barclays or wait for this and hope it gives financing on top of the 3% cash back