DON’T get the Apple Credit Card: Full Review – What Apple DIDN’T say!

a lot of people are disappointed with
the Apple credit card and they might have a good reason to be today I took a
look at the terms and conditions and really looked at the fine detail and
after looking at it guys you might not want to pick up this card I’ll tell you
exactly why with all these reasons here hey guys it’s Tre for money growth
Academy where we demystify simplify and multiply your earnings potential so
let’s just jump in this to day what’s going on with the Apple credit card as
we look at the fine details and that little print in the terms and conditions
now right out the gate is the card for everyone know the cards not for everyone
I know during the Apple launch event it made it seem like this card was gonna be
delivered to everyone out there and anyone who owned an iPhone or Apple
device could apply for this titanium card guys that’s not how it works like
any other credit card you’ve got to actually apply for that credit card and
you’ve got to have the qualification you’ve got to meet their requirements in
order to get that credit card so it’s gonna come down to your credit score if
you’re gonna be able to get accepted for this card so just right out of the gate
the cards not for everyone just because you have an iPhone does not mean that
you’re going to get one of these cards so during the big event on stage they
said that it was unlimited cash rewards well that comes with a little caveat
because there is a limit for the unlimited cash rewards well if you spent
twelve thousand dollars buying Mac computers for your family at the store
and got three percent back you would earn three hundred and sixty dollars in
reality though your limit is set by your credit limit on the credit card if your
limit is six thousand dollars you’ll only be able to earn a hundred and
eighty dollars back until the next billing cycle so there you guys have it
there’s not unlimited rewards it works like any other system it’s gonna go by
you know what is the limit that you have on your card you can max that out but
only to that point so there is a limit on the unlimited cash daily rewards so
let’s talk about the Apr rates because during the actual event they don’t
really cover the Apr rates and no one ever wants to cover those because those
aren’t sexy and they don’t sizzle but here they’re so like any other credit
card company Apple’s gonna have higher interest rates for people that are
actually carrying a balance now what they did release is they said that users
will pay an APR between thirteen point twenty four
and twenty four point twenty four percent based on an individual credit
scores so I can’t tell you you know what side of the spectrum you’re going to be
on that’s gonna really depend on what your current credit score is and that
works like any company guys they’re good they’re gonna charge you a different
interest rate depending on what your credit score is now it’s a wider range
than most companies in the industry which is good if all’s we’ve got
thirteenth all the way to twenty four percent so that’s a pretty wide one if
you look at other credit cards it’s not that wide so this is a good range and
for people with great credit scores you know Apple could actually be a good
deal because you could land at that 13% side of the spectrum and because apples
interest is significantly lower than that national average so the national
average is about seventeen point six seven percent so you can see that this
is really falling below that average and it’s possible that people in the mid 600
to low 1600s will actually be able to get this card we won’t know until we
start hearing reports coming out but I think it’s highly possible that people
in the low mid 600 range credit score will be able to get this card so I did
some digging because I really wanted to figure out does Apple have the lowest
interest rates in the industry and now it doesn’t and there’s a lower card in
the industry and it’s pin fed promise Visa card and its eleven point nine
percent and it has absolutely no fees no annual fee no late fee no cash advance
fee no foreign transaction fee and rates as low as eleven point nine percent but
there’s no cash back offers though so it doesn’t have some of the perks with
other cards but it does have a low APR it the applecart still is probably
better than this pin fed card but just trying to show here that there are cards
out there that are lower than what Apple said was the lowest in the industry
alright so how about the feast because that was a big point that they talked
about on this stage was no fees is that true let’s look at the fine print so
there is a catch later missed payments are gonna result
in additional interest towards your balance so you won’t ever get a twenty
five dollar late fee but it will be added to your interest okay and that’s
something to pay attention so Apple is just not giving away free money with no
consequences that money instead of being a late fee is just gonna roll over
to become additional interest on your balance now here’s the interesting thing
that we don’t know will that interest rate that they’re charging be temporary
until you pay off that specific balance right there or what happened be that
your interest rate overall is gonna increase so let’s say I was out of 13%
you know APR with the Apple credit card and I had a few late payments during the
year you know I’d miss paying those back but I eventually got it done does that
mean for the following year or the following months that they’re gonna jack
up my APR annually to now be instead of 13% to be like 15% now we don’t have the
full details on what’s gonna happen with this but that’s a big possibility and I
imagine that’s my that might be what they actually do because there’s got to
be some kind of deterrent they’re not just gonna give away this money without
free concert without consequences so that’s something to kind of check out
for and look just pay your credit cards guys make sure to pay them and there
won’t be any consequences now there are fees for certain transactions even
though that they said there’s no fees there are some fees for transactions so
Apple will charge a 1% fee to make an instantaneous transfer from Apple pay to
a debit card so if I wanted to move my Apple pay cash to a debit card I’m gonna
get a 1% fee and that’s gonna max out at $10 now here’s the thing if I do direct
bank transfers from my Apple pay to my bank or ACH I’m not going to get charged
it’s only if I’m moving that money to an actual debit card am I gonna hit gonna
get hit with that 1% so in essence the Apple card doesn’t have fees but apples
additional services do have fee so that’s something to also kind of take a
look at and be careful with all right so let’s talk about the security and fraud
prevention of this card because Apple really kind of stressed this during the
event that this was a big major selling point for the card and we know just from
experience in using Apple products that Apple definitely is one of the front
leaders when it comes to privacy and security for its consumers so that’s
something they’re kind of really clinging on to but I want to read
something by Catherine Hutt from the Better Business Bureau she agreed with
Apple’s move to remove the information from the card that way someone who found
your wallet can’t go items online before you cancel it and
she’s under the belief that this was actually a very smart move and she hopes
to see the rest of the industry begin to make this move when they remove all this
information off the card that way if you did lose your wallet you know how to a
restaurant or somewhere and someone picked it up they couldn’t make a bunch
of online charges before you had the chance to cancel it so she did praise
him for that but Hutt said Apple card carriers still need to be careful a
fraud prevention and the reason for this is is she mentions that the actual
biggest way that these scammers are getting into cards is getting into
phones for example and using weak passwords right so it all starts with
the phone someone gets ahold of that phone you know there’s possibility that
they can break in if they know those passwords so you’re going to need to
take a look at that make sure that you have secure passwords on your devices
the other thing was one of the big techniques that scammers use is phishing
so that’s when they call you or I a scammer calls you and pretends to be a
bank or the IRS or someone it starts to kind of fish out your information from
you so that you provide them with your credit card information so you still
have to be you know on the lookout you still have to be on the lookout for
these scammers and whatnot don’t get totally relaxed because Apple can’t
protect you if you hand you know over your information so just take a look at
that so what about the cash back is it as great as they’re making it out to be
because they kind of made a a big racket about this cash back it’s gonna be 3%
cash back on Apple products 2% back on anything used Apple pay for and 1% back
on anything you actually use your physical card for now 2% I’ll take 2%
and 3% all day over 0 percent but its 2% and 3% really that great when we kind of
get into the details here and I’m gonna show you something so if you’re familiar
with credit cards you know a hard card to beat is the city double cash card
it’s 2% cash back on everything and that’s regardless if the merchant has
Apple pay so if we were in an Apple store buying an iPhone what do we use
our Apple credit card or our city double cash credit card if we use the Apple
card we get 3% back which is one percent more than what Citi double cash would
give back so to go with Apple then here’s an example why it might still be
better to use the city car and forego the extra 1% from Apple all
right so let’s take a look at this all right so we’re gonna buy the iPhone the
first example we’re gonna use the Apple card so I’m gonna buy it for one
thousand three hundred and forty nine dollars okay awesome then of course on
your iPhone you’re gonna drop that sucker so you need to get AppleCare on
that so if I get AppleCare on that through the store there’s gonna be one
hundred and ninety nine dollars okay so that right there is gonna bring my total
on this purchase to one thousand five hundred and forty eight dollars so with
this Apple purchase I’m gonna make that three percent back okay so that means
that I’m going to get let’s see three percent I’m gonna get forty six dollars
and forty four cents back from Apple on that okay so that’s going to be my three
percent back that I’m gonna get so that brings my overall total if I subtract
this right here from my total that’s going to bring it to one thousand five
hundred two dollars and forty four cents and that’s going to be the total that
I’m gonna pay for that Apple card all right so let’s see how
that really compares up to the city double cash and I’m gonna show you why
this is gonna be really interesting so if we go to the city double cash what
we’re gonna notice if I buy the same exact phone one thousand three hundred
forty nine dollars and zero cents okay now the interesting thing with this
city double cash is if you actually do have to opportunity to get this card you
should probably get it because I’m going to show you exactly why so in that
warranty section I’m gonna pay zero dollars and the reason I’m gonna pay
zero dollars for this is because I get a two-year warranty from City on this now
that warranty does cover whatever electronics you the electronics you’re
purchasing so I don’t need to buy that Apple care because I’m going to be
covered by city’s double cash warranty so in
essence I’m gonna save 199 dollars on that so on top of that I’m gonna get my
2% back on that purchase cuz the city double cash gives you 2% back alright so
that’s gonna bring my total now on that 2% back I’m gonna get let’s see that’s
gonna be cool $26.98 is what I’m gonna get back alright so if I take that
subtract it from my total right here that’s going to give me let’s calculate
it all out one thousand one hundred and twenty three dollars and two cents okay
guys now if we take both of these and we subtract what those were going to be
let’s see what a savings that is that is a total savings of three hundred and
seventy nine dollars and 42 cents of savings can you guys see why it would be
so important than in this situation where the Apple card actually isn’t that
great of the deal and the city double cash is actually a lot better deal
because with the city cash the perks that I’m getting right so I’m getting
the two percent and I’m also getting the perk of having a full warranty with this
all right so I’m getting the warranty perk with this so it really doesn’t make
this Apple car look that appealing even in the Apple store where they’re giving
me 3% back it’s still better for me to go ahead and go with the city double
cash so that I can get that three hundred and seventy nine dollars and
savings because I don’t have to pay for that right there anymore for the
warranty and I get to apply that right back to my savings so I think Apple
during this launch really dropped the ball with this card and making it
something extraordinary there’s no signup bonus so there’s no
draw to really come to this card and I think that’s going to turn off a lot of
credit card churners people who really you know sign up for these bonuses and
use the cards and whatnot it’s not going to appeal to these individuals and I
think something that they could have at least out if they didn’t do a sign up
cash bonus like moe the industry does out there I think
something that would have been really cool is if they would have had an
incentive if you signed up for this card you could get a discount of some sort
some percentage off on some Apple product whether that’s you know
encouraging to come in and buy a new iPhone 10s you know and getting 10% off
or 5% off that what that would haven’t been good but there’s no signup bonus to
this and so that’s where I thought they really dropped the ball with this where
they could have done something really unique with this card during its launch
to bring more people in one to incentivize more sales of their services
and products but also to encourage people to sign up for this card and I
don’t want to beat up on the Apple car too much because it does have some
positive things about that and there’s a video right here that talks all about
some of those positive things with this card that they’re doing that’s very
unique that I think is great for the industry one thing that I really liked
was the payment reminder notifications so you can stay on track and avoid
interest charges it’s gonna help people really stay out of debt and I I’m really
excited about that because that’s one thing that a lot of people stumble with
is they just forget to make a payment so the fact that I can get a push
notification right to my phone and it’s right there for me to make those
instantaneous payments I love that I think that’s gonna help people out
another positive with this card is to simplify due dates so with this card
it’s gonna be due at the end of every month so no tricky you know
you know the 23rd of each one it’s gonna be right at the end of the month and you
can also set up weekly and bi-weekly payments so that you can really kind of
accelerate the pay down of that interest and I like this simplified visual
presentation of your interesting of your payments because I think it’s really
gonna help people internalize and visualize what they need to pay off how
much money they’ve actually really spent how much money of interest are they
actually incurring and it’s kind of like mint when people that use mint they
become a lot more financially responsible and I think that’s what this
Apple credit card has the potential to do is to help a lot of people become
more financially responsible and get out of debt a lot faster now one of the
other positives to this card is the push notification so there isn’t a purchase
is made you’ll get a push notification also if any unusual charges occur you’re
gonna get a push notification now why that would be so helpful to me and why I
would have loved that a few more ago is one of my cards got hacked into a
Visa card got hacked into these people down in Brazil took about a thousand
dollars and I didn’t know about it my business partner actually caught the
error in our credit card statement it was a card that we don’t use often we
don’t look at but he saw that these charges had actually occurred now I
would have never known if I didn’t go back digging into those statements so it
would have been great to actually have my institution let me know but visa and
my bank even though the charge was so unusual and it was in Brazil they did
not notify me about this I had to go find at my partner how to go find it in
our actual credit card statements so I really like that any unusual charges and
all my purchase notifications are gonna puff right up on my phone right on my
screen so I can see in monitor and have that security and comfortability of
what’s going on with my credit cards at all times alright to wrap all this up
one thing you’ve got to understand about this Apple credit card is it’s meant for
the mass market it’s meant to replace you know the credit cards out there that
are from crappy banks that don’t really do anything for the consumers that’s who
this card’s meant for this card like you know the Apple computers and all their
other devices aren’t built for or not meant for any specialized subcategory
group right they’re not for some special tests or credit card churners that’s not
who this card’s for this card is meant to replace crappy credit cards in the
market and to be beneficial to the consumer that’s who this cards for so if
you’re serious credit card churner don’t even go for this card it’s probably not
even worth the credit card inquiry because the rewards aren’t there but if
you’re just you know a regular person out there and you just want to replace
your other bank card that’s not giving you much back at all you might want to
get this card I think it’s a really great idea and I think it’s gonna help
you pay down that interest a lot faster and the cards are really going to be a
Bennett for for people who already are inside the Apple ecosystem already have
things synced up with Apple and really enjoy that simplified you know kind of
unified use within the Apple ecosystem thanks for watching guys make sure to
subscribe down below and while you’re here take a look at all of our other
videos on the channel they’re really helpful videos that I believe can help
you guys make sure to watch this video right here if you’re interested in that
Apple card where I talk about a lot of the benefits of that card and who it’s
actually good for thanks for watching guys see you later

100 thoughts on “DON’T get the Apple Credit Card: Full Review – What Apple DIDN’T say!

  • 🤷🏽‍♂️ Sorry for the error the CITI GROUP CARD TOTAL is $1,322.02, not $1,123.02. Thus the total savings of the citi group card is $180.42 not $379.42. The Apple card minus the 3% is actually $1501.56 NOT $1502.44. The wrong clip got inserted sorry about that guys 🤷🏽‍♂️ shiz happens. The damage and protection plan for the citi card only lasts for 120 days (if you were to break your screen on accident during that time frame it would be covered) the extended warranty is 2 years on top of the manufactures warranty and covers everything the manufacturer covers Would you get the Apple credit card, why or why not? What is your favorite credit card and why? If you haven't seen our video on all the advantages of the card check this video out:

  • At 12:50 in your video, double check your math. It’s not $379.42 difference it’s actually $180.42. I will give you that it’s still a savings but let’s talk ease of use warranty. Now don’t get me wrong I don’t have a city double cash card but I don’t think you can just walk into an apple store or any store for that matter and walk out with a replacement. If you do you probably have to put the new purchase on your card and file a claim and jump through hoops. Now I could be wrong but for me apple cares ease of use is worth the $180 difference for me. I have taken advantage of apple care many times and apples customer care over the phone that you get for free with apple care. I have never had any issues.

  • We shouldn't be encouraging people to pay late by having no fees. Even if there are no fees, I will guarantee that it will still show you were late on your payments on your credit report.

  • I’m getting one. It’s cool! The metal card is a status symbol. Apple Pay 2% is attractive too – I use Apple Pay all the time.

  • Good to know about the extended warranty with the citi card but it’s really not the same thing as buying Apple Care.

  • YouTubers reviewing the Apple Credit Card introduced me to the Citi Double Cash card. So, I applied for the Citi card and will be getting it in the mail in the next week or two.

  • With the current Apple Credit Card offered by Barclay, they periodically offer 0% interest for 18 months. As long as you pay off the purchase(s) over those 18 months, it's "free money!" We do this often to upgrade our computers and iPads for the entire family. So far, we haven't paid any interest on over $10,000 in purchases over the last 5 or 6 years. If the new Apple card with Goldman offers a promotional 0% interest for at least 18 months on Apple purchases, then we may apply. If they don't, we'll stick with the Citi Double Cash. We use that card for everything but travel and dining.

  • Your video advise is like a whistle in the vacuum of space!
    People will get it, use it, and really no one is gonna take your word for it. Period!
    So not quite the right type of video to get attention. Just saying…!!

  • Does Citi Card warranty cover physical damage like cracked screens and cracked glass on the back of the iPhone because I know these are expensive repairs that are discounted with AppleCare?

  • password fishing? every purchase is authenticated with touch or face ID and it is very likely the same requirement will apply to view the card details.

  • I’ve said this before all you need to know about the Apple credit card is it’s a credit card don’t get it credit cards are not a good thing

  • All that math was cool but what I did was I bought an iPhone 8 The year after it came out for $525 with the maximum amount of storage I think I still get a better deal keep in mind if you said yourself oh I just saved X on a product well you didn’t you actually spent extra product and I also bought the phone all at once factory unlocked so I don’t have to worry about paying it back later. Oh yeah that no AppleCare I got a Mofy battery case which works very well and doubles the battery life of the phone

  • Great video. I realize that the Apple Card would have some prestige, but you're correct, there's no introductory cash reward for signing up, and the 3% cash reward is limited to Apple store. I use the Bestbuy card and get 3% on products I buy from there, and I always pay off my balance usually a few days after I purchase. Though I don't use it, bestbuy has 12 month no financing, which if you're disciplined about making payments could come in handy. To remain competitive, Apple would probably need to provide interest free potions. To me, a better card is one that provides points for air travel. That's the card I'm applying for next. It's nice to have an Apple card, but it's better to shop around for better offers.

  • being that you pay a PREMIUM for most Apple products, I was never even curious about the Apple credit card until I saw your video. After seeing it, I am still pretty meh about it.

  • if you buy apple phone from amazon wth amazon card you get 5% back instead of 3% from apple card from apple store, and 5% on all from amazon and whole foods, i love amazon card

  • How about simply not getting another credit card because
    1. You don't need it and
    2. Because you need anymore debt. And lastly
    3. Because if you don't have the money for it in the bank then you shouldn't be buying it

  • May I add some comments here? 1 your assumption that Apple Care and the warranty provided by Citi is identical. I cannot confirm that. But in case the phone is damaged, Apple will in many cases cover its replacement. The insurance policies usually don’t cover many cases. Remember the usual statement : The insurance contracts always state in big letters in the first page why you WILL get covered for everything you may think of and in very small characters on the last page, why, in the end you will not get anything at all… 2 In the European Union, all items are covered by law during 2 years warranty. No need for Apples Care since Apple has to comply to the law. Your assumption that everyone will buy AppleCare is not always true. 3 The interest fees charged for the balance are considerably lower in Europe. And might be a lot higher in other countries. 4 You forget the essential: Apple wants to sell iPhones and AppleWatches and promote ApplePay as a lever. The AppleCard makes it possible where or when the card issuers are reluctant to have their cards enrolled in ApplePay. By default the enrollment of the AppleCard in ApplePay is possible and extremely easy. Fraud (counterfeit, lost or stolen cards) is much more controlled. Customer confidence is key. Now as you underline, everyone should make their own evaluation.

  • I think the location tracking and being able to locate the exact address on the map is pretty cool. I can't tell you how many times I see a charge that I don't recognize. Just recently I renewed my Drivers license and it took me a while to think about it, this would solve that.

  • I would also like to point out that it depends on the persons needs, no credit card fits all. Some people like the credit cards that offer great cash back rewards, while other people prefer earning miles. For me, the best Buy credit card is the best because of its 0% financing for 12-24 months and they price match Amazon. I also can't use it other places, so I barely charge on it. Some people may rather earn Apple cash if they do a lot of shopping at Apple or want to use it on app purchases, so cash rewards on the top priority list.

  • Just get a Best Buy credit card to buy your Apple Products. 10% back in rewards on your first purchase. Then afterwards you can still get 5% in rewards. Or you can even finance your products and pay over time with no interest. Oh also if you choose the Best Buy Visa Card you can use it outside of Best Buy and still get rewards back.

  • Where did you find the information the Citi guarantees electronics for two years. I can't find that on their site.

  • "Apple is one of the front leaders when it comes to privacy and security for it's consumers" LOL, tell that to all the celebrities that had their nudes released onto the internet, lol.

  • The problem with the citi warranty is that they will send you to a third party repair center that won’t repair your phone properly and won’t be water proof anymore and will probably have issues in the future, also $379 savings when the Apple care plus is only $199 more? Your screwing up those results a lot, personally I wouldn’t even get the Apple care plus and just get a good case for $40

  • i'm not an apple user but here is the argument about the apple care and citi card warranty. apple care covers accidental damage while citi only cover manufacture damage. it's a huge difference because people are more likely to drop their iphone than the manufacture fk up their assembly line.
    personally, i still think the card is bad because i don't buy stuff from apple and i dont think people buy apple product frequently enough to ultilize the 2-3% cash back.

  • Lolz, ur video is already up for a month and u still haven't notice ur very bad maths…. And ppl did tell u about it. And u r supposed to b talking about money?

  • If your credit is good enough to qualify for this "okay" Applecard then it's good enough to qualify for other "good" cards.
    If your credit is good enough to qualify for a "good" card then there's no motivation to get an "okay" card (which might vendor-lock you out of your iStuff when you don't pay up).
    Remember that you "agree" to Apple's Terms of Service, you "agree" that Apple can change these Terms at any time, you even "agree" that you automatically "agree" to any new Terms.
    The "new" convenience features are nothing new. Every financial institution has online configuration options for reminders, notifications, detailed summaries, etc.

  • I’m pretty sure the extended warranty offers are from card providers and not banks, from what I remember both visa and master card offer a extended warranty on all purchases of double the manufacturer warranty up to a Mac of one extra year, since the apple card is a MasterCard I would assume they also have the same extended warranty as the double cash card

  • Other cash back cards that have unlimited cash back are unlimited up until your credit limit as well (like are you telling me that if my credit limit on the citi card is $6,000 and if I try to spend $12,000 they’ll approve the transaction and give me cash back for it? No). Also you failed to mention the citi double cash card isn’t exactly 2%. It’s 1% back when you make the purchase and another 1% when you pay your bill. And you also failed to mention the citi double cash card doesn’t have a sign up bonus, when you nagged at the Apple card for not having one. Finally, citi has fees, although they aren’t claiming to not have fees but I thought I’d point it out just for the sake of comparison.

  • So they’re going to charge 1%on my debit card? But when I use my routing number and bank no they won’t charge me? I’m lost on that

  • Oh yes that's what folks in the US need, more credit cards. Here is an idea, don't buy shit if you don't have the money!

  • It’s important to note the bank is Goldman Sachs, not Apple. This is just a branded card like any other (Southwest, Hyatt, Hilton, etc). I doubt Apple has much say on any of the financial aspect.

  • Bro if you editing a video check it before you post it! To Many mistakes so your whole point is irrelevant

  • Apple should include apple care AND 3% if you pay with the card (obviously you’d have to pay for the entire amount not lease)

  • I'm glad I found this channel. Don't know how you have so few subscribers, high quality content. Well-written, well-spoken, and well-edited.

  • You clearly have never gotten a credit card.OBVIOUSLY IT IS UNLIMITED REWARDS.If your credit limit is 12.000$ you can get 360$ back.They wont limit your rewards (lets say your credit limit is 50.000$ and you go and empty out the apple store they wont limit your rewards at all.They will still give you 1500$)The only thing that limits you is your credit score.Go get educated.

  • I enjoyed the video, the title is a bit drastic for me especially since you ended the video describing who the card may be good for.

  • There's a lot of inaccuracies in this video. I honestly stopped counting. The one I will mention is the Citi warranty vs AppleCare+. Do you really think the credit card warranty covers accidental damages? cracked screens getting repaired? Also, to use Apple Pay Cash you have to have two-factor authentication on your account, and touch/faceID enabled on your phone. The "weak password" issue is a non-factor.

  • CiTi double cash is a great card. But the way you are comparing the apple products in rewards is not fair cause you did not add the protection. Plus many stores are starting to accept Apple Pay so it’s always 2%. I do wish apple made it 4-5% on apple products, 3% on Apple Pay and 2% on physical card. It is a lot but this would definitely get people to get the card, that’s for sure. I personally am getting it cause of the reward system plus it’s a nice looking card.

  • I will probably get the Apple Card but they could have made it so much better. I wish they could have announced special promotional financing on Apple purchases. I think they will but they could have announced it at launch. They could have offered free Apple Care for 2 years on Apple products or even 1 year. You make great points comparing Apple Card vs Citi Double Cash. Interest rates don’t really matter to me as I rarely carry a balance.

    One thing I wonder, if Apple wants to get into credit cards, why don’t they use some of that cash pile to acquire a small bank that issues credit cards. I don’t know if they really want to get into credit cards, I think they just want a way to promote Apple Pay. I think it does potentially offer some useful security features.

  • Just got my card yesterday. My interest rate is 12.99. Sweet! Even though I never plan not paying balance monthly but nice to know it’s there. Cash back is the way to go. Points are often deceptive. Apple Card is now my daily card while my am ex plat and Citi Mastercard for travel and large purchases.

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