Apple did mention they will be adding data export, but no timeline was given iirc. I think Quicken/Mint and excel/CVS would be a good start. They haven’t committed to authorized users afaik.
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Goldman Sachs Issued $10 Billion in Credit Lines for Apple Card
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I can understand your remorse, (I’ve been there in the past but like you learned from my mistake) as well as your concern for others. But credit cards can be and are an awesome financial tool. Don’t get me wrong, I’m sure there will be a ton of people in debt with their ACs but there will also be a ton of people who pay them off monthly.
Apple Card is just like any other credit card. You gotta be responsible or you will be in debt. After I got out of credit card debt a while back, I vowed to never pay interest on credit card again. These days I use credit cards for cash back and other perks. Apple Card has been great for me for Apple purchases (3% cash back) and Apple Pay (2%). They also gave me the card at I believe the lowest interest they offer with pretty good credit limit. So it’s definitely a good card for me, but still at the end of the day, it’s just a credit card. Responsible spending and auto payment of statement balance is the way to go just like with every other card out there.
Its right for me!
It may not be the highest cash-back, but I love the ENTIRE package: cash back with real cash available the next day, easy access to my spending from my phone, easy access to my monthly account statement (pdf) from the same phone app, ability to pay my balance from my phone with an easy ability to see how much interest I'm going to pay if I don't pay in full.
Can't say these features are for everyone, but they work for me: "it just works".
Just like, "why couldn't premium watch makers make a link bracelet which doesn't require tools to adjust?", I ask why can't a credit card make using and paying a credit card "empowering" and "fun"?
It may not be the highest cash-back, but I love the ENTIRE package: cash back with real cash available the next day, easy access to my spending from my phone, easy access to my monthly account statement (pdf) from the same phone app, ability to pay my balance from my phone with an easy ability to see how much interest I'm going to pay if I don't pay in full.
Can't say these features are for everyone, but they work for me: "it just works".
Just like, "why couldn't premium watch makers make a link bracelet which doesn't require tools to adjust?", I ask why can't a credit card make using and paying a credit card "empowering" and "fun"?
I don't think there's a single definition of responsible vs irresponsible usage of credit but scenarios where they lead to bad credit could lean towards irresponsible. Carrying interest and ultimately paying it off is not one of those scenarios, but carrying interest without the ability to pay it off I would argue is irresponsible but there are exceptions and differing opinions to everything.
The average person in California has over $10,000 in credit card debt. 69% of Americans have $1000 or less in savings.
Another deceptive fake news statistic:
because
Average Bank Account Balance in U.S.
American households have an average bank account balance of $41,600, according to the latest data from the Federal Reserve.
www.magnifymoney.com
Somebody probably got that number from "savings accounts" which are a horrible deal for actually saving money. Plus they counted people like kids (20% of the population) who are saving birthday money, hence the use of household as a unit, not per captia.
Having a high credit utilization (percent of credit limit utilized) hurts your credit score.
It also creates issues if you need to make a large purchase. For example, you want to buy something that's $3000 but you have cards with $2.5k+$2.5k.
On the other hand it's normal for cards to give you a small credit limit and up it after a few billing cycles, in order to protect against identity theft fraud.
Carrying a balance is the only element of fool in the equation.
2% cash back on all the locations ApplePay is taken is an industry leading reward given the number of accepted locations and also offer 3% on several places and no fees.
Solid card
because i would like a larger credit limit?
i was in europe recently and with all of the things people asked me to buy here plus my personal spendings, i came close to reaching my limit.
because i would like a larger credit limit?
i was in europe recently and with all of the things people asked me to buy here plus my personal spendings, i came close to reaching my limit.
I see. Thank you.
As usual we in the U.K. and rest of the world get screwed by Apple. Still no sign of we getting the Apple Card or Apple Pay Cash. I am surprised we get any Apple services.
Couldn’t you turn on auto pay, but still pay your bill a couple of days before in the store? I am not sure if they would cancel the auto payment once the system sees a payment was made.
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So how do you it to avoid triggering the auto-pay? You go and pay in the store a few days before your auto pay is due and that stops it from automatically charging you?
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wow that’s a heck of a rate you’re getting. Prime rate is 4.75 which means the issuing bank is only making 4.50% spread. That’s unheard of..... 4.50% is not even worth lending an unsecured loan for a bank.
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Great job for working your way out! I’m in the process of it.
At the end of the day, a card is a tool. You use it for good or bad. If you let it rack up debt then that’s one way of using it, and most, like you and I did exactly that and now we’re quite literally paying for it. It’s just a matter of responsible usage.
What’s even more shocking about this card is that $700m in debt they racked up in *the first month* of using it.
I expect apple to not be a hypocrite. Always marketing them as a privacy protector but will ignore privacy if it makes them money.
The thing is Apple isn’t hypocritical. It’s within your right to say they are but you didn’t answer my question and doesn't mean that they are (It also doesn't mean that if there is one thing in this huge infrastructure that isn't to your liking they are hypocritical either).
If one thought about this one would have to understand there has to be data interchange between the two companies to make this type of arrangement possible.
At any rate, it doesn’t really matter what we think, seems like Apple is doing just fine.
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i think my JPM reserve card is the nicest. I think it’s definitely the heaviest for sure.
it’s 2 different banks. No card would let you do that. If you wanted to transfer from one type of chase card to another type of chase card for example that would work.... but you can’t transfer from a Barclays card to a Goldman Sachs card.... that’s common sense
Can't do 4% or more without an annual fee. Can't even really do 3% across the board. Merchant's fees are one of the primary ways they make money (that and interest charges) when they don't charge an annual fee and it's something like 2-4% for merchant's fees, with much of that going into the cashback pile (1% for physical card and 2% for Apple Pay, disregarding special promos and Apple purchases). 4% would mean losing all the merchant's fee and then they'd have to make up for it with annual fees. Also add in expenses need to be paid (system upkeep, fraud costs, etc) And I don't think they want an annual fee with the Apple Card, clearly there are lots of cards out there with an annual fee that could offer a better deal through airline miles or points rather than cashback since the average user of such cards are usually global travelers who do frequently book airline tickets and hotels and such.
We've all learned to love Big Brother.Just a regular guy here, but I’d say that sounds pretty successful. I love mine and hope they keep adding more places that do 3% cash back or higher and other incentives.
Wouldn’t mind a 5% promo or something every now and again either.