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Apple Card Rolling Out Today to Limited Number of Customers
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Thank you. I've been told to do Statement Balance instead of Total, but it's good to confirm with someone that obviously does well with finances.
I'm pretty OCD about it, I will go in multiple times per month and clear the balance on any cards to $0, I don't even like to wait until the end of the month in case there is an issue with autopay and it gets marked as a missed payment on my credit score
Just to show how misinformed people can be about credit, someone told me to pay off only the statement balance, as paying off the current balance will result in you "not actually using credit", and thus no score increases.
Your post is incredibly helpful, I now plan on doing the same thing. I usually just paid the statement balance at the end of each cycle. At least I've never paid interest I guess.
I signed up immediately after the live event when they announced it. I believe it was in March.
Crap on a cracker! One of the primary reasons I wanted this to be honest, as my bank does not support Apple Pay.
LOL!! Hopefully it will change. You can’t balance transfer yet either. I have one small balance on a Chase card I want to roll over to this account, but its a no go for now. I’ll try Paypal as well, but I expect the same results.
Here is the invite...
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You don't need to go to this level - it's overkill. Paying the statement balance every month is a very good practice. However, by paying the full balance you are lowering your ratio of credit in use (total balance/total credit [across all lines]) which is a factor in your score. However, it's a relatively small factor compared to amount of total credit, age of credit, late payments, judgments, etc. So you might improve the score modestly by paying the full balance off (I'm talking maybe the difference between 805 and 810 depending on how big of balances we're talking about).
Would love to get an invite or have it show up in my Wallet. I signed up the day of the event.
maybe by giving up a percentage of the apple pay fees apple collects from any terminal it's accepted on.
Their response...”I understand how this can be frustrating. The Apple Card does not support money transfers. Yet, the money on your Apple Cash can be used to send to the family member.”
I asked... “Do you know if they will support it?”
Their response...”At this time, there is not a time-frame for when Apple Card will support money transfers.”
[doublepost=1565122254][/doublepost]I guess a loop hole could be to do a cash advance, since there are no fees.
Disappointing. I'll still get the card next year, but I'm disappointed. I don't know WHY people thought this was going to be a feature. I know I read it, but perhaps the person heard them talking about the Daily Cash aspect got confused.
Definitely a disappointing omission for an Apple Card.
Why? What's the difference. Sending money with a credit card was taken out of Apple Pay (Cash) a while ago. I mean essentially it is a cash advance. Just send money with a debit card or checking account that doesn't take a fee to do.
Oh well, not feeling the love here yet. Apparently having extraordinary credit, a Developer Account, and more Apple devices than I can count, are NOT enough to merit an email inviting me to seek and obtain a credit card that I do not need, but would like to try just for the heck of it.