I’m interested to see how strict/lenient they will be in accepting people and also for credit increases. I like the 2% Apple Pay cash back they will give but like others have said this card would be a used case by case.
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Apple Card Said to Launch as Early as First Half of August
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Has there been anything said about which credit reporting agency they will use? I have my credit locked ( thanks Equifax ) to prevent any issues so I need to made sure to unlock the correct one during the approval process.
Oh? Explain to us the steps they should have taken to get this out faster.
Omg....you can’t even be serious with the “key part in the country’s financial infrastructure”. What are you talking about?
There’s always going to be critics. But in this case it’s a credit card. I don’t use Apple Pay. The physical card (as nice as it looks) is to be avoided. It’s not to my detriment if I don’t get one. However I know it’ll do great for Apple. That’s not to my detriment either.
Like the Mac Pro it just means I’m not the target. Maybe they’ll do a premium version later.
Why can’t people be excited about anything? What if someone buys a lot of stuff from Apple and really likes the concept of this card? We know there are hundreds of credit cards out there.
Let people enjoy things. There are several reasons why people want this card and it is definitely highly anticipated by many people.
Who cares if no one outside of the U.S. isn’t interested? People outside of the U.S. can’t get it! Lol...
You realize that Goldman Sachs has never issued a credit card, nor has Apple aside from the Barclaycard which was all done through their app/website.
They’re probably testing things and also building hype.
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Transunion.
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Not bad for Apple employees who buy stuff for friends/family and put it on the Apple Card and just have those friends/family transfer them the cash......
Right now, I am seeing criticisms where Apple releasing a credit card is being compared to Facebook launching their own digital currency.
I think Apple currently sees an opportunity to improve the current financial system rather than replace it. Apple is clearly taking its time to learn about the space while relying on establishment players to both reduce risk and help improve product adoption. And when Apple possesses enough of the customer relationship, that's when they will likely take a more frontal approach.
I think there is no question that Apple is going to play a larger role in our financial affairs. I won't be surprised if Apple too does launch its own digital currency in the future, leaning heavily on its brand to foster trust and confidence over and above what the banking industry currently possesses (unlike Facebook, who is taking great pains to distance itself from Libra). Apple is probably just taking its time right now to observe the right wave to ride.
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Well, Citibank did pull out of negotiations with Apple at one point.
https://www.cnbc.com/2019/05/28/gol...f-apple-card-on-fears-it-was-money-loser.html
Apple is pushing for quite a number of consumer-friendly features such as zero fees and an improved UI which would actually make it easier for users to avoid debt, all of which serve to reduce the profitability of such an endeavour.
But this also means that few were willing to take Apple up on their demands, which is why it took the time it did to find a partner willing to accede to those terms. Apple could have just added their logo to a generic credit card and called it a day. If anything, this ought to be music to the ears of anyone interested in said product. This actually implies that consumers can actually get a decent deal out of said product.
So again, I think people are focusing too much on a single metric (that 2% rebate) and not enough on all the other benefits said card brings.
Should I even be surprised at this point?
Amazing how people only seem to focus on its just a CCard or its average rewards.. personally id be interested in this even with no rewards... the security of it alone is all i care about. Ive had a waitress steal my card info before, with this i can hand it over at a restaurant and not worry about them copying the info. And i dont have to worry about using my card online or swiping at stores. I like the feature to get a new number at the press of a button.
Just seems more interesting to me than the rewards are.
Just seems more interesting to me than the rewards are.
Apple Card is just another aspect to the subscription model companies are chasing after. Subscription based retail is the "Holy Grail" of monetizing your life. You don't own noth'n
I still don’t think this is going to be a huge success if only for the reason that this card penalized frequent travelers and diners, who will need to use the physical card more oft than not.
No they’re keeping both and the Barclaycard was just changed to not include Apple Rewards so it’s just a “Financing Apple Card” with the 0% interest still.
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Everyone is so high and mighty on this forum and just automatically resorts to hating what Apple does instead of seeing the cool/unique benefits like what you just listed. It’s sad.
Considering how easy it usually is to report and handle fraud on your credit card, most efficient credit card users would rather optimize their returns than worry about privacy.
To each their own though
Apple Pay still isn't as widespread as Apple would like it, so that 2% isn't that great of a reward. 1% on everything else? Make it 2% every non-Apple Pay purchase, 5% Apple Pay, and 8% Apple purchases. Also, lack of authorized users sucks. I get the high credit limit with my superior credit score and then add my wife with her decent one.
Apple 2014 - "Credit cards are ancient history!"
Apple 2019 - "Check out our new credit card!"
Apple 2019 - "Check out our new credit card!"