Apple Card Now Available to All Customers in United States

[nattK]

I think MacRumors missed out on an important piece of news in today's announcement: Uber and Uber Eats with Apple Card through Apple Pay earn 3% daily cash too.

"Apple Card is extending 3 percent Daily Cash to more merchants and apps."

 

[newyorksole]

You would think from all of the negative posts on this website that no one would be interested in this thing. Yet here we are... Thousands of excited folks.

Love to see it.
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Is APR free for a year like most credit cards when you sign up?

Nope it starts instantly.

 

[960design]

What world is that person living in to get that much daily cash?

Tim Cook's personal card.

 

[Rogifan]

Just got mine:
17.99% with a 800+ credit score and over 100k / year income.
My only debt is my house and it is currently worth twice what I owe on it.
How the heck do I get 12.99%? Million / year income?

I pay off my current Amazon credit card every month. I use it for everything to get free books!
I think this card it a bit out of my league.

Got mine. $10K credit limit and 12.99% APR. My credit score is 805. It’s the same credit limit I have on my Capital One credit card. Process was super slick. My card was approved in less than 10 seconds and is ready for use in the wallet app. I have to give Apple and GS huge thumbs up for that process.

 

[BootsWalking]

I would never join a club that would have me as a member.

 

[AHDuke99]

I like the idea of the card, but I can't justify it. I can earn a minimum of 2.6% back on my other card and even more on certain categories. If they bumped it up to 2% flat, 3% using Apple Pay, then I'd go for it.

 

[Exile714]

Just got mine:
17.99% with a 800+ credit score and over 100k / year income.
My only debt is my house and it is currently worth twice what I owe on it.
How the heck do I get 12.99%? Million / year income?

I pay off my current Amazon credit card every month. I use it for everything to get free books!
I think this card it a bit out of my league.

780, $250k-ish income (joint, remember to read the fine print and spousal income counts). I got 12.99/$7500.

I wonder if it has more to do with the ages of accounts and other factors there. I’m definitely not in the 800+ range simply because I and my spouse have massive student debt (not complaining at all, just pointing out the drag on our credit). But I’m in my mid-30s and maybe have a longer history? Who knows, but it doesn’t matter to me because carrying a credit balance and paying interest is not something I would ever do.

 

[cra_cra]

Haha, no silly. You get charged interest after the first month. It's the privilege of having an Apple logo on your card. Precisely why I'm not getting one. It's a rip off and a joke. Bring this to other credit card companies and I think it would be neat, but I'm sure GS has a exclusivity agreement for taking this one similar to what ATT had back in the day.

Difference here is my reception is a non issue with this product. Actually better with competitors.

A rip off and a joke? Please explain....

I made $900 last year on my Capital One at 1.5%. Pay it off every month. No interest.
So with the Apple Card, I'll 3% on my monthly Apple stuff, and 2% on Apple Pay.

So explain to us "dummies" how this card is a rip off and a joke?

 

[dantracht]

Ridiculously easy application and approval.

 

[davidg4781]

Just got mine:
17.99% with a 800+ credit score and over 100k / year income.
My only debt is my house and it is currently worth twice what I owe on it.
How the heck do I get 12.99%? Million / year income?

I pay off my current Amazon credit card every month. I use it for everything to get free books!
I think this card it a bit out of my league.

I have the same rate and credit score. I have some debt but not a home.

I think I’ll accept it. I was planning on paying after a couple of days anyway so the interest rate wouldn’t matter. I don’t use Apple Pay that much since there aren’t many choices near me.

 

[cra_cra]

Got mine. $10K credit limit and 12.99% APR. My credit score is 805. It’s the same credit limit I have on my Capital One credit card. Process was super slick. My card was approved in less than 10 seconds and is ready for use in the wallet app. I have to give Apple and GS huge thumbs up for that process.

Exactly what I got. 802 Credit Score here.

 

[960design]

Basically same boat as you, give or take a few here and there. 23.99%. For real??? Yep, for real. No way in the world.

Did

Got mine. $10K credit limit and 12.99% APR. My credit score is 805. It’s the same credit limit I have on my Capital One credit card. Process was super slick. My card was approved in less than 10 seconds and is ready for use in the wallet app. I have to give Apple and GS huge thumbs up for that process.

Seriously!? I feel

Got mine. $10K credit limit and 12.99% APR. My credit score is 805. It’s the same credit limit I have on my Capital One credit card. Process was super slick. My card was approved in less than 10 seconds and is ready for use in the wallet app. I have to give Apple and GS huge thumbs up for that process.

Damn! Must be those 10 divorces bringing me down.
Yes, the process was quick and easy. I'll keep using my Amazon Card.

 

[Rogifan]

So where do you to go sign up for auto-pay so it automatically pays your bill every month?

 

[yossi]

What credit agency do they use? All three are frozen and I want to know which to unfreeze before applying

 

[ElectricPotato]

"Apple-branded credit card that Apple is launching in partnership with Goldman Sachs"

I'm waiting for the Apple branded soda made by Coca-Cola: simple aluminium can with a tasteful Apple logo. Think different now means rebranding.

 

[Cscottrun]

I think MacRumors missed out on an important piece of news in today's announcement: Uber and Uber Eats with Apple Card through Apple Pay earn 3% daily cash too.

"Apple Card is extending 3 percent Daily Cash to more merchants and apps."

While this is nice, there are still cards out there that blow this away. Check out the uber card (which has become my go to card for cash back, as opposed to points):

https://www.uber.com/c/uber-credit-card/

 

[MisterSavage]

Just got mine:
17.99% with a 800+ credit score and over 100k / year income.
My only debt is my house and it is currently worth twice what I owe on it.
How the heck do I get 12.99%? Million / year income?

I pay off my current Amazon credit card every month. I use it for everything to get free books!
I think this card it a bit out of my league.

If you pay off your balance each month why would Apple card be out of your league? I just looked and my Amazon card is 16.50%.

 

[Cscottrun]

780, $250k-ish income (joint, remember to read the fine print and spousal income counts). I got 12.99/$7500.

I wonder if it has more to do with the ages of accounts and other factors there. I’m definitely not in the 800+ range simply because I and my spouse have massive student debt (not complaining at all, just pointing out the drag on our credit). But I’m in my mid-30s and maybe have a longer history? Who knows, but it doesn’t matter to me because carrying a credit balance and paying interest is not something I would ever do.

Interesting. I got a much higher APR but $8,000 credit limit with an $80,000 income (not joint). I have a ton of student loans (6 figures worth) but my payment history is near perfect. Age wise, I am 29.

 

[rtkane]

780, $250k-ish income (joint, remember to read the fine print and spousal income counts). I got 12.99/$7500.

I wonder if it has more to do with the ages of accounts and other factors there. I’m definitely not in the 800+ range simply because I and my spouse have massive student debt (not complaining at all, just pointing out the drag on our credit). But I’m in my mid-30s and maybe have a longer history? Who knows, but it doesn’t matter to me because carrying a credit balance and paying interest is not something I would ever do.

Slightly higher than your income, but I have a perfect 850 score that got me 12.99/$40,000

 

[Romelo23]

Just got mine:
17.99% with a 800+ credit score and over 100k / year income.
My only debt is my house and it is currently worth twice what I owe on it.
How the heck do I get 12.99%? Million / year income?

I pay off my current Amazon credit card every month. I use it for everything to get free books!
I think this card it a bit out of my league.

Many similarities, 834 and 840 scores, but I make north of 1mil annually and got 17.99% and a $26k limit. My Citi, Barclays and BofA cards all have way higher limits.

 

[960design]

780, $250k-ish income (joint, remember to read the fine print and spousal income counts). I got 12.99/$7500.

I wonder if it has more to do with the ages of accounts and other factors there. I’m definitely not in the 800+ range simply because I and my spouse have massive student debt (not complaining at all, just pointing out the drag on our credit). But I’m in my mid-30s and maybe have a longer history? Who knows, but it doesn’t matter to me because carrying a credit balance and paying interest is not something I would ever do.

Yeah, I did not add my spouse's income. She would have added another 50k. I have credit c

Got mine. $10K credit limit and 12.99% APR. My credit score is 805. It’s the same credit limit I have on my Capital One credit card. Process was super slick. My card was approved in less than 10 seconds and is ready for use in the wallet app. I have to give Apple and GS huge thumbs up for that process.

Not sure what it is. I have $15k limit on my Amazon Card, typically put $2k / month on it and pay it off every month. Not sure the limit on my Capital One card ( never use it ). The interest is no worry, as I don't carry any credit card debt. Just a bit surprising.
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I have the same rate and credit score. I have some debt but not a home.

I think I’ll accept it. I was planning on paying after a couple of days anyway so the interest rate wouldn’t matter. I don’t use Apple Pay that much since there aren’t many choices near me.

If it means anything, I have three houses. One completely paid for on the water here in Florida. Didn't really help me.

 

[Syrgul]

What world is that person living in to get that much daily cash?

Just a matter of doing the math. First, let's assume they used Apple Pay at all of these places, and not the physical card, to make the math easier and the costs lower, so that's 2% on all of the purchases, except the Apple Store one at 3%:

Bloomingdales: 15.78 @ 2% = $789.00
South Loop Market: 2.71 @ 2% = $135.50
La Colombe Coffee: 0.37 @ 2% = $18.50
Apple Store: 17.34 @ 3% = $578.00
Walgreens: 1.60 @ 2% = $80.00

Total Spend: $1601.00

So, if you routinely drop $1600 a month then sure, it's possible.

Personally, I could see people getting one of these specifically to use with Apple's services, like Music, TV+, Arcade, etc.., because the 3% back on those make sense. But it doesn't make as much sense on day to day transactions.

Anybody know how In App Subscriptions (like say, CBSAllAccess) get classified with the card? Are they considered an 'Apple' transaction at 3%? If so, then I might consider the card once it's available here in Canada, as 3% on those would be better than the 1% classification they fall into on my current card. $0.18 is better than $0.06 after all.

 

[cra_cra]

While this is nice, there are still cards out there that blow this away. Check out the uber card (which has become my go to card for cash back, as opposed to points):

https://www.uber.com/c/uber-credit-card/

Currently I use the Amazon card for dining and online, and gas, which overall is better than the Uber Card. Then Capital One at 1.5% for everything else. It's the best combination I have found.

With the Apple Card, I'll essentially just have it on my phone and get 3% on Apple stuff (which will be automatic) and 2% on Apple Pay which will be better than the 1.5% on Capital One (where it is accepted).

Not sure how you beat this combination (overall speaking).

 

[960design]

Slightly higher than your income, but I have a perfect 850 score that got me 12.99/$40,000

I've been chasing that 850 forever. Maybe someday!!

 

[Zoboomafoo]

2. Very few steps to pay the bill compared to the 10 steps in my bank’s app. (I pay the balance daily to maintain what I call ‘consciousness of spending’.)

Get outta here. Spend all the monies!!! Responsibility is for chumps.