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Update: Apple Card is now available to everyone in the US

tag
Civil
Regular Contributor

Re: Apple Unveils new Apple Card

The Daily rewards seems great, but don't know the requirements yet.






Message 11 of 192
Anonymous
Not applicable

Apple and Goldman CC update

Just announced by Goldman's CEO on CNBC.... a couple of months before launch

Message 12 of 192
ChargedUp
Senior Contributor

Citi pulls out of negotiations to back the new Apple credit card

https://www.cnbc.com/2019/05/28/goldman-rival-pulled-out-of-apple-card-on-fears-it-was-money-loser.h...

 

Evidently, the banks aren't seeing the terms of the Apple card as being profitable enough....

Message 13 of 192
Anonymous
Not applicable

Re: Citi pulls out of negotiations to back the new Apple credit card

TBH, I'm surprised that Apple hasn't already opened it's own finacial arm or CC network. 

Message 14 of 192
marty56
Super Contributor

Re: Apple Unveils new Apple Card

Barclay wants to close my Apple card since I don't use it.  It would be funny after the close it they send me a pre approval for the new one.  I'll pass on both.

1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 15 of 192
Asilomar
Frequent Contributor

Re: Apple Unveils new Apple Card

Barclays isn’t the underwriter for the new card.
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EX 809 TU 806 EQ 810

Message 16 of 192
Anonymous
Not applicable

New Apple Card Details Leaked

New Apple Card Details Leaked: Required Credit Score and More

 

"Specifically, the source said that an Apple employee with a credit rating between 600 and 700 was approved with a credit limit of $1,000."

Message 17 of 192
HighAchiever
Established Contributor

Re: New Apple Card Details Leaked

Thanks for the link, that is a good read...   Smiley Happy

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Message 18 of 192
Anonymous
Not applicable

Re: New Apple Card Details Leaked

If they keep those credit score requirements, they’re going to really attract a lot of people who would normally be forced to get secured cards or less rewarding cards with most lenders. Could be very disruptive indeed if they manage to make more money than they lose on defaults. I’m curious how much of the cost of this experiment Apple is going to have to hold up, there’s no way Goldman is going to take the loss with all of these no fee cards.
Message 19 of 192
Anonymous
Not applicable

Re: New Apple Card Details Leaked

Great info, thanks

Message 20 of 192
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