This is a wonderful idea and since I haven’t had a credit card in over 15 years this might get me off the wagon
No fees and real cash back peaked my interest
No fees and real cash back peaked my interest
I'd be interested but we have only want a couple of credit cards. I do like some of the features, but I believe it's backed by Goldman Sachs and I'm not wild about that.
Goldman Sachs is the lesser of billions of evils in my book. When they start defrauding those of us in my pay grade, then I’ll be leery LOL. Most other banks only defraud regular folks.
https://www.imdb.com/title/tt1742683/
Watch this movie. It may just change the way folks feel about GS.
Can’t be worse than how I feel about Bank of America LOL. I’ll watch this tonight & let you know my thoughts.
You'll probably feel the same for both.
I think it's a good idea and I'll probably get one just to save on Apple purchases. But I'm a person who pays full balances at the end of the billing cycle. Goldman Sachs will still be getting those people who don't pay with the 12%-24% APR. Just another credit card, in my opinion.
Three things.
I don't know enough about the history of companies using their cash reserves to open banks. The Banana Republish credit card was issued by GE bank, which is now called something else. Not sure what happened but I'm not sure I want Apple doing the same things GE is.
I'm not sure how this is a very good card in general. 3% on Apple purchases is nice, but with the amount I spend on Amazon, I can't possibly make this card a better value than any of my other cards. 1% on everything else isn't good enough.
Third, and this kind of circles back around to the first thing, I don't think I want Apple to be a bank. Like, credit card companies generally don't spark joy in people. I'm not sure I want that kind of semi-adversarial relationship with Apple.
I'll stick with Chase Sapphire Preferred for now.
This is a wonderful idea and since I haven’t had a credit card in over 15 years this might get me off the wagon
No fees and real cash back peaked my interest
Most credit cards out there have no fees and give real cash back. The only real benefit to the Apple Card is 3% cash back on Apple purchases.
Worried about Goldman-Sachs as as a partner. What information about individual customers and purchases will they have access to? Would like to see more transparency on the business arrangement between the two companies.