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Apple Unveils new Apple Card

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Moderator

Re: Apple cards terms are out...

Card imo will do extremely well although not a card for most on MF.  Simple to use like the iphone is meant to be simple to use as well..  Just like the iphone the physical card aesthetics are pleasing to the eyes and probably some hefty CLs as well due to the demographic of apple users using being higher earners as well(for the most part).  Certainly be interesting when it comes out this month or next.  Not everyone cares about cash back or bonuses like we all do Smiley Happy

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Message 71 of 187
Moderator

Re: Apple cards terms are out...


@kdm31091 wrote:
The card is mediocre and Idon’tt get why they made the physical card so fancy yet you only get 1 percent for actually using it.

Nevertheless, apple fans will eat it up. Rewardmaximizerss not so much.

cause iphones and mac, etc are very high quality and it has to live up to that image as well... Card is stunning, just not the rewards .  So all about image like other apple product.  Although a mac, etc are just pc components with a different operating system packaged to be pretty for the most part

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Message 72 of 187
Super Contributor

Re: Apple cards terms are out...

It will pick up a substantial market, IMO.

1% on basic transactions is not terrible. Remember our marginal value comparisons of 1% vs 1.5%.

Include the 2% on Apple Pay, and a number of people will be able to use this often, on some surprising types of transactions.

3% on Apple purchases gets this to work a lot like a Store Card; Apple avoids the CC fees paid to others, including on iTunes.

 

The unknown right now is the app interface, and how users will track / see / pay / follow their charges. Whether that is a significant draw is yet to be seen.

 

The Daily Cash funding makes redemptions as easy as pointing your Apple Cash card in Apple Pay to redeem instantly.

 

No Fees is a big seller for many people. Many of the coveted cards discussed here carry significant annual fees, which are great for perks if you want them, but there's something to be said for not paying the AF, reserving that cash, and then paying for what you want to see / do.

 

And a No Fee Titanium Metal Card? My prediction is September has this card as the MyFico Flavor Of the Month.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 73 of 187
Regular Contributor

Re: Apple cards terms are out...

I feel the start of a joke coming on.... two people, one with luxury gold one with apple card walk into a bar....
Message 74 of 187
Super Contributor

Re: Apple cards terms are out...


@Wrigley2172 wrote:
I feel the start of a joke coming on.... two people, one with luxury gold one with apple card walk into a bar....

... and the bar takes Apple Pay

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 75 of 187
Established Contributor

Re: Apple cards terms are out...

Like most Apple products, it sounds pretty good, but overhyped. (Typing this on a MacBook Pro.)



But, I wouldn't actually qualify for a lot of stuff right now. Everything listed is new to my profile since April 2019, except the Exxon card. The AU card hasn't reached TU, so no FICO score on TU yet. I have a ton of hard inquiries March-July 2019. No derogs. Numbers shown are FICO 8, but other FICO variants can be a lot different (for example, Experian Bankcard 2 is 642).
Keepers:

Will be closed by March 2020:

Authorized user / Corporate

Closed but still on reports:

Short-term goal: My stuff is in too much of a state of flux to have one that matters ...
Long-term goal: Legit, meaningful 770s across the board.
Message 76 of 187
Regular Contributor

Re: Apple cards terms are out...


@NRB525 wrote:

@Wrigley2172 wrote:
I feel the start of a joke coming on.... two people, one with luxury gold one with apple card walk into a bar....

... and the bar takes Apple Pay


The end.

 

Were not very good at jokes are we lol.

Message 77 of 187
Senior Contributor

Re: Apple card terms are out...

I don’t feel like reading all of it but a 28 day grace period is pretty nice. 

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Message 78 of 187
Community Leader
Super Contributor

Re: Apple cards terms are out...

Lol, i can just see the SouthPark episode nowSmiley Wink....Hybrid Gerald?Smiley Wink Why yes Randy, picked it using my new Apple cc!🤦‍♂️
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Message 79 of 187
Valued Member

Re: Apple card terms are out...

You have to love a credit card that can be closed at any time because you decided to "jailbreak" your iphone. It's actually in the terms. 

Message 80 of 187
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