Is Apple's credit card worth it?

Discussion in 'Community Discussion' started by wdaleherring, Jul 20, 2011.

  1. wdaleherring, Jul 20, 2011
    Last edited: Jul 20, 2011

    wdaleherring macrumors member

    Jul 19, 2011
    I'm the type of person that doesn't like a lot of credit cards. I have a best buy one that I use ONLY when there are promotional rates with 0% interest for a set amount of time. I noticed that on Apple's site, they say - "special rates on your FIRST purchase" so basically any other time I would want to use it, I would have the 23% APR? I'm a bit confused as my Best Buy card works nothing like that as they offer 0% on certain amounts purchased all year round. Thanks.

    Basically, if I'll never be able to use it for promotional rates again (0% if I spend a certain amount), then I don't want it.
  2. zioxide macrumors 603


    Dec 11, 2006
    If you are using a credit card correctly (as in paying the bill when it is due, and not racking up debt), the APR should never matter anyways.
  3. wdaleherring thread starter macrumors member

    Jul 19, 2011
    It does matter. Say I make a second purchase in 4 months after I pay this one off, at that point, I'll being pay interest every month on my new product because it wasn't a promotional purchase.
  4. jca24 macrumors 6502a


    Jul 28, 2010
  5. Rodimus Prime macrumors G4

    Rodimus Prime

    Oct 9, 2006
    bingo right there.

    The Apple credit card is crap plane and simple. It offer piss poor rewards, very high interested rates and so on. You can get a card NOT tied to apple that would give you a better deal for the same thing.
  6. Macky-Mac macrumors 68030


    May 18, 2004
    as per the terms, the promotional rate only applies to the initial purchase
  7. wdaleherring thread starter macrumors member

    Jul 19, 2011
    Thanks for answering my question. I can pay cash but I would have much rather split it up between 2 or 3 months. :p

    Thanks to everyone else as well.
  8. imaketouchtheme macrumors 65816

    Dec 5, 2007
    From my understanding, the OP was not requesting financial insight, but was simply asking a question regarding no interest financing for an Apple credit card.

    As previously mentioned, it's only for your initial purchase and I believe they only offer up to 12 months, whereas Best Buy has up to 18 months (and sometimes 24) for Apple computers.
  9. wdaleherring thread starter macrumors member

    Jul 19, 2011
    THANK YOU! Exactly what I was looking for.
  10. ucfgrad93 macrumors P6


    Aug 17, 2007
    If that is the case, then the Apple card doesn't sound like a good deal.
  11. Macky-Mac macrumors 68030


    May 18, 2004
    In that case, you could simply use the card to get the promo for that initial purchase, pay it off in 2 or 3 months as you want, and then never use it again
  12. wdaleherring thread starter macrumors member

    Jul 19, 2011
    Yes but having open unused credit cards just seems like not a very good idea to me. Further I have read horror stories about Barclays (or whatever they are called) randomly closing unused accounts and I don't want that affecting my credit.
  13. renewed macrumors 68040


    Mar 24, 2009
    Bemalte Blumen duften nicht.
    Closing an account doesn't necessarily hurt your credit as long as you keep the oldest credit line open. It can help get a loan by having less unsecured credit. In fact it helps your credit to pay off a credit card more so than a home loan because it is unsecured.
  14. swingerofbirch macrumors 68040

    Oct 24, 2003
    The Amalgamated States of Central North America
    Although I don't know a lot about this, isn't the catch that if you don't pay in full by the end of the 0% period they go back and charge interest on all the months you didn't pay?

    I really don't understand credit cards well. I have one but I pay the balance in full every month so I've never had to figure out how the interest thing works. When I worked in Apple Sales (I was a salesperson for the Apple Store Online by both phone and chat via Arise as an independent contractor), there was no good training on the two credit options. One was called something like Buy Now, Pay Later, and the other was the Juniper credit card--it might be Barclays now. None of my PFs (performance facilitators) could explain to me how it worked either. I would always sigh relief when people weren't approved because it seemed to me they didn't understand how the credit worked either and many were not in a position to be buying. To be clear, I wasn't taking credit applications--no one at Apple does that as far as I know--I would give information about the credit programs and direct people to Juniper, etc., or tell them where the online application was. Everyone thought of the Juniper credit card as a payment plan, and I would always try to explain that it was a regular credit card but with this promotional offer. I think people thought it meant they would pay a little at a time, not realizing there would be a huge interest hit later on. It was a bad situation in that I actively sought out more training on the subjects but was basically told it wasn't our responsibility to do anything more than give out the phone number or link.

    I never saw anyone approved.

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