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

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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

Message 71 of 192
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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

Message 72 of 192
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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 192
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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....

Discover it: 8700
Amex BCP: 3600
22k student loan
Ficos 8's ~770
Inq: EX:2 EQ:1 TU:1
Message 74 of 192
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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 192
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Valued Contributor

Re: Apple cards terms are out...

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


No derogs, but tons of inquiries and heavy credit-seeking behavior. In March of 2019, I had no open accounts, a charge-off, two collections, and scores in the low 500s. The only thing in my signature now that was on my CRs then was the old closed Exxon card.
Cards

Authorized user / Corporate / Auto loan

Card CLs total $83,100, not counting the AU card. The AU card brings the total to $108,100. In March 2019, card CLs totaled $0. In April 2019, card CLs reached $500. Since then, I received a lot of great advice on this board, as well as a lot of advice I didn't take, that is good for most situations, but not mine.
Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Message 76 of 192
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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.


Discover it: 8700
Amex BCP: 3600
22k student loan
Ficos 8's ~770
Inq: EX:2 EQ:1 TU:1
Message 77 of 192
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Super 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. 

Message 78 of 192
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Community Leader
Mega 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!🤦‍♂️
Message 79 of 192
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Regular Contributor

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 192
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