Your credit was already hit with the checks. Two brand new credit cards can bring down your average age (an important value of score).
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Apple Card |OT| Designed by Apple in California
- Thread starter BAD
- Start date
Your credit was already hit with the checks. Two brand new credit cards can bring down your average age (an important value of score).
I've been using the card everyday in replace of my debit. A lot of stores around me and that I go to accept Apple Pay which is great. I will probably use the capital one card for any stores that don't take Apple Pay so to get the 1.5% cash back. Had no issues applying and getting approved.
What's the average interest rate on these if your score is between 790-810?
Odds are I will pay it off once I can to avoid those rates anyways but still curious.
Edit - Read site and I think I answered my own question. I should end up near the bottom with 12.99%. No way they would hit me higher than that.
Currently I only own one active credit card and it's the same ones I've had since I was like 18-19 years old, so around 16 years ago and I barely owe anything on it and was planning to close it soon.
Odds are I will pay it off once I can to avoid those rates anyways but still curious.
Edit - Read site and I think I answered my own question. I should end up near the bottom with 12.99%. No way they would hit me higher than that.
Currently I only own one active credit card and it's the same ones I've had since I was like 18-19 years old, so around 16 years ago and I barely owe anything on it and was planning to close it soon.
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Went to the gym and forgot my wallet so I signed up for the card to have something tied to my phone in situations like this.
It's very well thought out in terms of interface and relevant data.
The due date is right up top, the transactions are broken down with how much percentage cash back you receive, and your purchase category breakdown is just a click away.
This is what I wished apps like mint were more like.
It's very well thought out in terms of interface and relevant data.
The due date is right up top, the transactions are broken down with how much percentage cash back you receive, and your purchase category breakdown is just a click away.
This is what I wished apps like mint were more like.
Not true, actually. The Apple Card only does a hard check when you accept. The offer before that is a soft check
Then that must be on Goldman or just happens for some folks. Not usually like that. Only pre-approved offers are soft checks normally.
Hey all. I'm considering the Apple Card. This thread's been really useful as a resource for it, so thanks for the information! I know there's better rate of rewards for other credit cards, but the daily cash concept is appealing for me. I have to wait to redeem rewards on my most-used card at $25. And I'm planning finally updating my old iPhone anyway, so that'd be 3% right away when I update, presumably.
I have a good credit score right now, and a handful of credit cards. Very little in the way of debt - credit card or otherwise. Primarily just my mortgage payments each month. Will I take a hit on my credit score for applying for/getting this card? The balance offered is the lowest I'd have, and the interest rate is good, not great. $4700 limit/17.99% rate if it matters. Should I go ahead and get this, in your opinion?
I have a good credit score right now, and a handful of credit cards. Very little in the way of debt - credit card or otherwise. Primarily just my mortgage payments each month. Will I take a hit on my credit score for applying for/getting this card? The balance offered is the lowest I'd have, and the interest rate is good, not great. $4700 limit/17.99% rate if it matters. Should I go ahead and get this, in your opinion?
It will hit you for a little bit. How long have you had an established credit history for?
It's Goldman. I absolutely hope it becomes standard because it's a great way of doing it
A hair over 5 years. Great credit score right now. Not planning on major purchases anytime soon that I'll need a loan for.
Even with score of 796 I'm getting a 17.99% rate on a $8,500 limit. Gross, however I won't ever get hit with it since I would only be using this for essentials and paying it off right away.
Current credit age is showing at 6 years and 9 months. No doubt due to me buying my house 6 years ago and then financing a car this year.
I have 3 open accounts with debt. Mortgage which is like $170k left, the car which is $18k and my old credit card which has like $700 on it that will be paid off in a month or so before I close it. It gets me no type of rewards or anything.
I wonder what you require in order to get a rate closer to 13-15%.
Current credit age is showing at 6 years and 9 months. No doubt due to me buying my house 6 years ago and then financing a car this year.
I have 3 open accounts with debt. Mortgage which is like $170k left, the car which is $18k and my old credit card which has like $700 on it that will be paid off in a month or so before I close it. It gets me no type of rewards or anything.
I wonder what you require in order to get a rate closer to 13-15%.
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If someone could answer I have a couple of questions.
Let's say I buy something and use Apple Pay, I assume I get 2% back. Now if I spend it on prescriptions at Walgreens now I would get 3%. Okay, I get that part.
Now I'll have a balance. What if I pay off that balance using Apple Pay? Do I earn cash again and if so would it be at 2% or 3%?
Let's say I buy something and use Apple Pay, I assume I get 2% back. Now if I spend it on prescriptions at Walgreens now I would get 3%. Okay, I get that part.
Now I'll have a balance. What if I pay off that balance using Apple Pay? Do I earn cash again and if so would it be at 2% or 3%?
you need a bank account to pay it off, you can't pay it off by Apple Pay, but you can use your Apple Pay Cash amount.
You only earn on the initial purchases. You pay off the balance using your bank account and your Apple Cash balance.
Yeah that's what I would do. I would connect my bank account to the Apple Cash account to move money over when ready to pay off my monthly balance. I already have that accounts debit card in my apple wallet.
I was just curious if paying with that Apple Pay Cash account would also bring benefits.
Edit - Another question. If I buy IAP in a game on my iPhone with the Apple Pay Cash account would I get 3%? Or if I bought an app from the AppStore with money from that Apple Pay Cash account?
No, you would be using your Apple Cash then, not your Apple Card.
Not necessarily... Amazon Prime members get 5% back on the Prime Visa and many Apple products are officially sold there
also some cards have portals for Apple online purchases that might be just as high
Yeah I guess that makes sense lol.
Thanks. I just signed up for it and my wife is getting me an Apple Watch soon so I guess I'll know real soon how smoothly it all works.
If they just made all Apple Pay 3%... oh man.
Why haven't you added your existing cards to your phone?
And yeah. Forgetting my wallet used to be common for me. Apple Pay has saved me many times over the years.
Why haven't you added your existing cards to your phone?
And yeah. Forgetting my wallet used to be common for me. Apple Pay has saved me many times over the years.
I don't understand? I try and use cash because it helps me not use as much money. Something about organizing bills and using coins helps me spend less. When I had a card on my phone it was very convenient so I typically spent more.
No card on my phone no temptation.
Yes I do know I still signed up for it now but that 2 percent back is just too good and that's only through Apple Pay.
You should always pays your credit card in full each month anyway, so interest rate should never be an issue.
Is there a way to add the apple card account to personal capital? I can't seem to find which bank or account I need to link it with.
Do you mean the cash reward from Apple Card? If that's the case, go to wallet-> Apple Cash Card-> the "..." on upper right side, then click transfer to bank.
Currently Apple Card data can't be exported to financial monitoring apps but they'd working on it
Thanks for the quick replies. I'll keep checking, but in the meantime I'll monitor it on the wallet app.
closing your old credit card will shorten your credit history and drop your score. does itr have an annual fee?
No.
You could get something like a Bank of America Cash Rewards card and get the same 3% off any and all online purchases + a $200 credit for spending more than $1000 in your first 3 months of ownership + 0% APR for 15 months.
Honestly, BoA CR is the probably THE card to have for cashback since you can apply the 3% off to anything you buy online, never mind the $200 bonus and 0% APR.
Discover It right now is also extremely good. 5% off at all Restaurants + any PayPal transactions up to $75 through the end of the month ($2500 spend). Then Oct - Dec will be 5% off on all Amazon, Target, and Walmart.com purchases up to $75 (or $2500 spend from Oct-Dec).
That said, if you don't have either of those cards, don't want to apply for either and only have an Apple Card...then yes, you should use the Apple Card.
I can pretty comfortably recommend Discover It and BoA Cash Rewards to everyone. iPhone app integration isn't as seamless and you don't get the cash back instantly, but the $200 bonus offer is just a superior offer when it comes down to the dollars and sense of it all and 0% APR for 15 months is pretty big given the Apple Card doesn't offer any 0% APR months at all.
I'd add that the other potential benefit of many VISA cards like the BoA is you get extended warranties for products you register.
Is anyone on IOS13 having issues trying to pay off the balance? I keep getting "Payment not Completed"
Yes, its a bug in IOS 13 on my device (Xs Max). If anyone has IOS 13, don't wait until the last day to make the payment, otherwise, you may be out of luck. I had to use my wife's iPad to make the payment. Hopefully, they'll have it resolved when the IOS 13 releases to the public.
Yes, its a bug in IOS 13 on my device (Xs Max). If anyone has IOS 13, don't wait until the last day to make the payment, otherwise, you may be out of luck. I had to use my wife's iPad to make the payment. Hopefully, they'll have it resolved when the IOS 13 releases to the public.
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Has there been any talk about this card offering special financing for Apple purchases? That's one thing the Barclaycard still offers, and I'm wondering if that'll eventually be phased out.
It's not official, but yeah. I got an email about an update to the cardholders agreement that allows for special financing. Not active now, but an option in the future
Any idea how long it takes to get the physical card in the mail? I ordered a week ago and still hasn't shipped.
Apple products have become something of a status symbol, the card is just another part of that eco system, also the fact that it seems easy to keep track of your spending via your phone is another plus
The Bank of America app is trash. If the card benefits weren't that good I would never use it.
Soon as they filed the paperwork needed to bring it here. Tho they also did the same with the Apple Pay card and we never got it.
So, after the initial hit of opening two cards on the same day- Capital One and Apple Card, my credit went up 16 points with TransUnion and 48 points with Equifax. I use the Capital One card for gas and some fun expenses I was gonna use my debit on anyways like movie tickets. I use my Apple Card for everywhere that has Apple Pay. I pay them both off every time the payments aren't pending. I've heard that it's better to make multiple smaller payments on your card throughout the month.
I've had a few. One issue I wanted to let people know about is paying your card with your Apple Pay Cash. I had an instance where it posted as "unknown transaction" on the Apple Pay Cash history, never posted to the Apple Card. I texted Apple and they didn't see anything wrong, then the next day said it was rejected, and then the day after that it posted to the card as an "offline payment." Id be wary of paying your card with your Apple Pay Cash for now
No, you won't show any usage to the credit bureaus if you never let the balances get to your statement. Just pay them when you get the bill.
The only reason to pay some early is if you want less overall usage reported.