OH NO. The group that also announced fees for their API data in an attempt to slow open banking is also the choice for ApplePay? FML
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Chase Reportedly in Advanced Talks to Become New Apple Card Partner
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I feel like I want it to be Visa so bad, so I can finally use it at Costco! XD.
Savings rate and the 0% on Apple purchases unless Apple plans to subsidize them.
We use chase and have no major issues with them, since capital one bought discover you wouldn’t expect them to dive into this.
What about existing Apple Card payment deals plus a whole new credit bureau hit and losing your payment history. Not ideal.
We use chase and have no major issues with them, since capital one bought discover you wouldn’t expect them to dive into this.
What about existing Apple Card payment deals plus a whole new credit bureau hit and losing your payment history. Not ideal.
I wonder what this means for the Apple Savings Account? Currently, that rate is determined by Goldman Sachs since it's their product.
Chase pays .01% on their savings accounts. At that rate, you might as well stick your money under a mattress. Kidding, but you get the point.
Chase pays .01% on their savings accounts. At that rate, you might as well stick your money under a mattress. Kidding, but you get the point.
How is that a bad thing? Anyone adding that many cards to their name has lost control of their financial life.
I have 2 credit cards (MC and Amex) and a local bank issued debit card for decades now, so this might just be an american thing I don‘t get.
Good to hear about this. But waiting for Apple card to expand outside the US. Don't think that is going to happen anytime soon.
Chase is already a huge player in the credit card market worldwide. I think Chase can make it profitable.
I have two Chase cards- Amazon and a United Airlines one. Overall, everything with them works great except for on thing that drives me a bit nuts: you cannot set the date of an automatic payment with Chase. I have absolutely no idea why.
So, like everyone here, our Apple Card monthly cycle ends on the last day of the month. Payment is due by end of the following month. The default autopay is that day- the end of following month. But I don't want to carry that balance for another month, I pay everything on the 12th of the month.
Citibank lets me set the pay date. Goldman Sachs let me set the pay date. Amex (which I no longer have) lets me set the pay date. Every card on the planet seems to let you do that except Chase.
So today, I received my Amazon and United Visa card statements. I reconcile them, and then have to schedule the payment on the Chase website for August 12th.
I really hope I do not have to do that for a third card if they take over the Apple Card. Yes, I'm nitpicking...but autopay is great, I just want it on the day I choose, not the bank.
So, like everyone here, our Apple Card monthly cycle ends on the last day of the month. Payment is due by end of the following month. The default autopay is that day- the end of following month. But I don't want to carry that balance for another month, I pay everything on the 12th of the month.
Citibank lets me set the pay date. Goldman Sachs let me set the pay date. Amex (which I no longer have) lets me set the pay date. Every card on the planet seems to let you do that except Chase.
So today, I received my Amazon and United Visa card statements. I reconcile them, and then have to schedule the payment on the Chase website for August 12th.
I really hope I do not have to do that for a third card if they take over the Apple Card. Yes, I'm nitpicking...but autopay is great, I just want it on the day I choose, not the bank.
Haha true but Chase seems to be doing the same with the Sapphire Reserve.
Possibly so. 5/24 exists mostly to reduce churn which is mostly an American thing due to the high rewards we have available. People will chase a high promo offer, qualify for the minimum spend and then stop using the card.
There are some of us who actually can keep their wealth and net-worth separate from their credit card habits/usage.
So I googled it and found that if someone opens 5 new credit card accounts in 24 months, they'll get denied. It's been widely reported that there is a low number of people who carry a balance on Apple cards (compared to other cards). Those aren't the kind of people that are opening new accounts, so I don't think that would be a sticking point for Apple.
I think the card network is going to be the same (as it's MasterCard right now), and its the bank that backs it is the thing that's changing (from Goldman Sachs to whoever they'll be going to)
i had a really bad experience with chase... they delayed my government check had to switch to sofi instead
Banks make money by taking yours.
If there is no cash back plan, then I will gladly close the "Apple" experiment.
We have a Citi card and AmEX as primary cards. Had the same Amex account for 57 years
We have accounts to put funds like Social Security payments and Medicare Gap insurance payments that are accessed by the vendors concerned apart from our primary accounts with a brokerage firm.
The Apple Card/app etc has been fun, but is not a necessity for our life. I think Apple uses it as a sales tool so they can say 3% back on Apple Store stuff and activity. But that cash back comes from somewhere.
I make multiple payments during the month on our cards so the actual balance is usually low even if we have high value purchases during the month. We use about 1% of our credit line and have had over 820 credit scores for years.
If there is no cash back plan, then I will gladly close the "Apple" experiment.
We have a Citi card and AmEX as primary cards. Had the same Amex account for 57 years
We have accounts to put funds like Social Security payments and Medicare Gap insurance payments that are accessed by the vendors concerned apart from our primary accounts with a brokerage firm.
The Apple Card/app etc has been fun, but is not a necessity for our life. I think Apple uses it as a sales tool so they can say 3% back on Apple Store stuff and activity. But that cash back comes from somewhere.
I make multiple payments during the month on our cards so the actual balance is usually low even if we have high value purchases during the month. We use about 1% of our credit line and have had over 820 credit scores for years.
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No problems with Chase for several of my cards. I pay off automatically, so interest rates not an issue. Website works for my limited needs. But the consolidation is a concern. I have several affinity cards and they mostly seem to be Chase or CapitolOne. Started with CapitolOne for zero exchange rate fees many years ago which many cards did not have.
Goldman Sachs Apple Card has been saddled with high subprime balances and no late fees, which has led several credit-card issuers to pass on pursuing the program.
Seems like Apple did poor credit check at the beginning and going forward. Out initial card limit was in the mid teens and now is in the 20s. Slow pay cards could have been cancelled or credit line reduced.
There's a lot of Visa cards that offer over 1% cash back/points for Costco, I would go for one of those. Citi Costco card is one of them, Venture X is another (although with an annual fee but the perks and bonuses more than pay for it).
Check out the points guy for how to work the card promotions. Too much effort for me, but many do it to great advantage, although I've read that rules are tightening. Chasing (no pun intended) the frequent flyer miles is a game for some.
One time I had a payment plan set up on a Chase credit card. Bought something else with the same card but decided to return it. Months later I found out in the fine print from a overseas help-desk worker that if you get a refund from a return on your Chase credit card the refund will go to pay off a payment plan balance first before paying off your normal credit card balance.. This was very scammy and still pisses me off because I was unknowingly paying off APR on something that I had returned! Ever since that I've hated Chase. Plus most of their cards will charge you foreign transaction fees when traveling. Apple Card has been the best card I've had. I hope Chase doesn't get a hold of this and **** it up.
but the thing is that Chase actually has PLENTY of success already with credit cards and customer service in general. what direct to consumer / consumer-facing products did GS have before Apple Card?
Marcus Savings was nice, but Chase has wayyy more experience in this space so they’re equipped to succeed.