haha, I make$200k alone and they freaking gave me $1000 limit on my card, haha, where I cant even buy apple products because they are more than $1k. Its just insult
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Goldman Sachs Issued $10 Billion in Credit Lines for Apple Card
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haha, I make$200k alone and they freaking gave me $1000 limit on my card, haha, where I cant even buy apple products because they are more than $1k. Its just insult
There’s no fact checking so people can post all sorts of income and outrageous circumstances on a message board. But assuming it’s true, income isn’t the sole factor in determining credit lines obviously. As loose as credit is, there’s more to your story then.
Try using the apple app store app. Your going to be shown ads before the search results.
I would have just declined the offer then, IMO, of course. If you've been given 100k of credit and algorithm decided you only get $1k then you've probably hit the maximum credit that banks are willing to loan you.
As previously mentioned, since even new Apple hardware can typically be found discounted more then 3% many places go there. Even with cash. My own iPhone 11 was 50% off though T-mobile for loyalty retention reason. I had to give them my iPhone 7, but that was 100% off through the previous promotion they ran where I had to hand in my iPhone 6.
Apple watch series 5 gps 40 mm - has a 4% base discount right now. The Amazon Prime visa will get you 5% off on top of that.
You may have had noble intentions in applying for the Apple Card - but just pocket the discount / difference from any other retailer selling the exact same Apple hardware you want. Even if you have to pay cash or debit.
I'm sure you get points or such on your other cards. Just put it on there. The 3% back for direct Apple purchases (hardware or apps / iTunes) is a joke.
2% cashbash on all ApplePay transactions - That's perfectly adequate. Just don't run a monthly balance.
so saga continues, because Idid question transaction I did not recognized, it was in the apple card app as “Rechev Car Service”
While it was for MTA (huge difference) apple/gs decided to lock my card, they did not tell me that card was locked. I did try to ask them why but it was so difficult to get answer. In any event called support and they wanted to ask me security questions to verify its me. Question they asked me I freaking did not believe my ears. One of the question was: which aircraft did or currently own: and they gave me like 5 options of airplanes and models I dont even have clue about. What the heck? This is security question? To 99.9999% of population such questionnwould not even apply I think so one security questionnat least is give away. But I forgot, those thiefs is Goldman have no touch with reality and probably they all fly those airplanes, that completly explains my radiculously high APR and totally makes sense.
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I agree, but also its insane other banks can give higher credit limits vs gs limits for me were just an insult. $1k limit, and no explanation from them why, asked multiple times. Whatever, apple card is a joke in my opinion. I certainly am not going to use it anymore after today fiasco with that stupid card.
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Within my first week of moving to the US I was refused a contract with AT&T, so I went pre-paid instead, so yes, it in fact did happen.
I had the bug where it would not show the payment being made. I thought it did not take. Well, I need up making 5 payments/. It took a call to Goldman to resolve it. The wait time on the call was one hour twenty minutes. Once I ddi get them, they easily straightened it all out.
They are a convenience but they are very good for your credit score provided that you don’t miss payments. My Fico is 825 and kreditkarma says that if I want to improve it I should have more accounts. Of course that would decrease the average age so there’s that.
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Amex Gold gives 4% on restaurants and groceries and has peerless customer support. The key is having a few cards and using the best one in a given situation.
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Yeah, I have a Reserve card...but that's only for travel/dining. The Apple Card still has more locations that accept Apple Pay and give 2%...that's industry leading for the amount of locations. Apple has also introduced 3% at additional locations, including Walgreens...a huge retailer.
Citi Double Cash is a decent card, but it has foreign fees. I travel a lot,so I have a Reserve Card, but I'd use Apple Card over that card if the location accepted Apple Pay and I was abroad and the expense wasn't dining or travel related.
As I've said before, no card has everything, which is why you need multiple cards to maximize benefits. Apple Card is right up there in solid benefits for certain situations.
Of course Apple, like any other company, wants to make more money, but they are not going to copy someone else's business model at the expense of their current existing one.
Likewise, your argument in no way addresses my earlier point. I have already explained how I believe Apple Card will make Apple money, which is completely at odds which how you insinuated they would (by hawking our data). And personally, I see nothing wrong with this arrangement, which I find to be a win-win scenario either way.
Third, who is Apple copying exactly? It's not like there is only one company out there with a streaming video service. Disney is launching their own as well, yet I find it funny that their endeavour is being met with cheers while Apple's own efforts receive overwhelming negativity. Likewise, so many companies have their own music streaming service (not just spotify),
Once again, I find that your arguments continue to make absolutely zero sense. They are not grounded in facts at all, and I have no idea who you are trying to appeal to, besides those with an irrational hate of Apple and will blindly devour any piece of negative Apple-related news.
Why do you even do what you do again?
I'm okay with that. Apple using my data internally to sell me Apple products is quite ok. I opted in for email notifications. I happen to like receiving notifications of recommended services and apps.
If one doesn't(like the ads), either opt out of the ads, or opt out of the platform.
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Just a few observations. Hopefully you will take them in the constructive manner in which I intend them.
re: credit line, different banks have different underwriting criteria. Goldman sees your current 65k credit card debt as a red flag, a time bomb just waiting to explode. They categorize you as sufficiently indebted. Other lenders will take a risk ¯\_(ツ)_/¯
Look at it from an underwriter’s perspective. Income of $200k, yet can’t make it on that salary, and has accumulated $65k in revolving consumer debt. You look like someone whose personal financial situation is out of control.
In your case, your credit file might be misleading. Maybe that $65k is on a zero percent until Jan 2021 promo. That’s something GS wouldn’t know, but your current issuer would. It might be instructive to ask them for a credit line increase as a data point.
In any case, when you ask GS why they’re extending such a low initial credit line and their answer is talk to TransUnion, that’s because the rep doesn’t have access to your credit file. All they know is you have a relatively low FICO score, but they don’t know why. But TransUnion can tell you why, so contact them.
It might be that there is incorrect data on your report. What could it be? An unpaid cellphone bill from a bogus account in your name, a tax lien that actually belongs to your dad but you have the same name, etc. Or it could be that your relatively high utilization of your credit lines has dropped your 800 to 675 😬
The issue with the car service charge sounds weird, did you buy an MTA fare card from a car service driver? It might have authorized as Rechev but then settled as MTA. In any event, when you report a fraudulent charge to GS, they are going to put an immediate block on further charges. Someone else apparently has your info. A low dollar test charge to see if the account is still active is then followed up by larger charges to exhaust the credit limit. Giving you info on getting a new card, and refreshing the account number in the Wallet would seem to be the proper course of action to me, but it sounds like that was mishandled.
btw the identity confirmation questions are supplied by TransUnion, the Goldman rep is just reading them off the screen. But yeah, the plane question sounds less than ideal.
The thing with Amex is that anybody with a card is above average in credit and income, especially their charge cards. The average Amex cardholder spends twice that per month compared to everybody else. Their bad debt rate is the lowest in the industry. That's why they can afford good customer service, ethical billing practices, and decent rewards.
Amex will deny cards to anybody with a bankruptcy on record (10 years). If Amex writes off a single dollar of debt, you will be banned for life. If you do not pay your charge card bill in full more than two or three times, your account will be closed.
Amex goes as far as to demand paystubs and bank account statements, even from established customers. I remember my first Amex card was a student card, and they required I mail in an official college transcript.
If you think people screaming about scanning their ID is bad, see what will happen with Amex.
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Seems unlikely you make $200k and got $1,000. More to the story here Or you’re just trying to look like internet rich guy.
Don’t listen to credit Karma for advice on increasing your FICO. If you currently have an 825, the only thing likely to improve it is time, or possibly credit mix.
re: time, average age of accounts and overall age of file matters. I wouldn’t add a card unless there were a valid reason. As your file ages to 10, 20, 30 years your FICO will increase a bit.
re: credit mix, it helps a bit to have mortgage and installment (e.g. auto) loans in addition to revolving accounts.
Realize that at 825, that’s already super-prime. You have access to any product or rate just the same as if you had 850. Any changes to your credit file, even if they may result in a higher score down the road, may temporarily lower it.
Uuuuuh dude because you are using 65% of your credit. That is insane and a huuuuge red flag to lenders
In this country, far too many carry debt they will never repay, at high interest, simply to obtain health care. They have no choice, or the choice is a dire one. Given Apple wanting to be known as a health oriented company, I would hope the Apple card will offer lower rates for health care purchases.
It's disturbing that Apple and Goldman Sachs are still not reporting AC account at the credit bureaus. Because of the 2% cash rewards, I use my AC for about 90% of my daily spending, and I pay off the balance each month. But those payments still are not being reported to the credit bureaus. I wrote and asked them about this, and they said the report will be retroactive after they are released. The AC is also still not supported by budgeting and financial accounting services like Mint, Quicken, or YNAB.
I don't think Apple is going to be a health oriented company. Apple seems to be going in the direction of well-care along with health data information management and distribution aka tele-medicine.
Therefore I do not think one could expect lower rates for "health care purchases", whatever that means. However, if Apple does do that and I save on my "health care" related items, I'll be on the application line for the Apple Card.
Their approval system is flawed. I have a FICO score of 760. I am self employed and make well into 6 figures a year and have about 100k in unused credit available, but they won't give me a dime. They do a "soft" credit check when you apply and make you an offer based on that. If you accept, they do a "hard" credit check. A soft check doesn't show your actual credit and public records are front and center. A business issue from years ago kills my chance at getting the card before they don't even look at my credit for the past several years.