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Big apple fan, and this is so HO HUM, sure the physical card looks great (apple, they make everything look great) but as a reward card YIKES no delivery, just build up! I must be the ONLY one that frequents stores that do not use apple pay, IF they did I would be all over the Altitude card, but alas I buy mostly on-line and physical places that I go to, do not take apple pay - it's "acceptance" is LESS than American Express....LOL! Other features, the wallet (I can put almost ANY card in wallet) and spend analysis, I can get anywhere else, so not understanding the WOW here, but that is just me.....Also it looks like the cash is just a credit to your account, I personally prefer to build up cash back and put in my savings account instead of a statement credit.
This forum confirmed what I was thinking about during the conference. The Apple Card really isnt anything special. They cleanup a few things to make them look better, but those features are already available from multiple companies. Apple fans that want to get even more locked into the Apple ecosystem will surely pick it up. But those of us that know a thing or two about rewards and credit cards, will most likely pass.
I might apply to never use it. No yearly fee so why not expand my overall credit availability. But really not sure on that one.
This might be good for a lot of apple brain-washed masses, sorry I mean apple fans.
We have to remember that there are a lot of people out there who aren't particularly interested in credit cards: they may have one or two but don't keep up with the latest etc and probably some of these are Apple lovers. So, these people will get excited and get an Apple card (assuming credit is ok) and get, via Apple Pay, a general 2% card, no AF, no FTF, which may well be better than whatever they have now (e.g. the no rewards card they have had for the last ten years). In which case it's a win-win for apple and its fans.
@odd_dog wrote:Also it looks like the cash is just a credit to your account, I personally prefer to build up cash back and put in my savings account instead of a statement credit.
Not a statement credit. It goes on the Apple Pay Cash card that everyone has had in their wallet since iOS 11, and the cash back is transferred daily. From there you can let it accumulate, use it to pay down your balance, or transfer it to a regular bank account.
@Anonymous wrote:This also screams superprime to me... I wonder if they’ll keep the Barclays as a fallback.
I wouldn't be too sure about that. From what I remember, Goldman Sach's only requires a 640 credit score for their Marcus personal loans.
I'm a fan of Apple as I have everything Apple except for HomePod... and it still doesn't really draw me in. Everywhere I go uses Apple Pay to some extent... but I already have AMEX Cards that cover just about all those categories. It could possibily be useful for Apple Pay on international trips... but I'm not sure of how much Apple Pay is even used in Europe/Asia.
I do like the design of the card though... too bad it only has 1% cash back for using the actual card.
@DeeBee78 wrote:
@Anonymous wrote:This also screams superprime to me... I wonder if they’ll keep the Barclays as a fallback.
I wouldn't be too sure about that. From what I remember, Goldman Sach's only requires a 640 credit score for their Marcus personal loans.
This is different. We are talking a no fee card with a low interest rate here after all. And Marcus isn’t that lax... they shot me down for $2500 and while I don’t remember which score they pulled at the time it was over 640.