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So basically Apple will attract deadbeats and those who rack up high credit card balances.

Annual fees and penalties exist for a reason. To make sure you are a responsible consumer and stay on a budget.
 
Seems like a decent card that I might get at some point. Not a fan of the non-Apple pay cash back rate of 1%, though. Probably trying to push people to use Apple Pay locations more, forcing more retailers to add it over time if customers are going elsewhere to get a lower rate.
 
I wonder if there will be any pushback when you present a card with no numbers/signature block at retail stores. I don’t use Apple Pay as much as I normally would due to having to deal with asking if they take apple pay or not all the time.
 
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Let’s see Paul Allen’s card....
 
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