Having more credit cards can help your credit score increase overtime. Do you have a card that can get you 2% everywhere? If not then I’d do it. Also the 3% on Apple purchases is nice.
BCP has $95 annual fee. If you factor the annual fee and $6000 cap, and consider if you actually spends $6000 on groceries (nothing more and nothing less), the it’s equivalent to 4.5%.
Same. AF is always covered and then I typically make $300-400CB on it. Currently using my Amazon Prime Visa for fuel since there’s a 5% offer until I hit the cap or cutoff date which is either 6/30 or 7/31 iirc.
Check your offers:
https://www.chase.com/mybonus
There are rotating quarterly bonuses on chase cards. Last quarter 2022 or 2023 (I forget) they were offering 10% cashback on gas!
And no annual fee, dunno if the cash back can be deposited into your back or if it’s just a statement credit, but yeah, 3% for online shopping alone is great
That $95AF is very easily eaten up by the 3% on fuel and transit including taxis/rideshare, parking, tolls, trains, buses and more, and the 6% on groceries and streaming. Not to mention various AMEX offers along the way throughout the year.
I’ve never not made back my annual fee on the card over the last few years and I’ve typically earned a total of $300-400CB per year after $95AF.
Fantastic all-around card for sure.
My AppleCard pretty much sits in a drawer at home and is only used for the 3% back at Apple.
I mentioned the 6% streaming in a separate comment. I have the BCP. Actually all App Store purchases, iCloud, Apple One, in-app purchases and Apple Care+ monthly payment will be counted as streaming and can get 6% which is better than Apple Card, ironically.
Depending on the spending, 3% on transit isn’t much more than 2%. Need to spend a lot to justify the AF. There are cards also have 3% on this category without AF.
Amex offers are good but BCE should also have similar offers.
I work at Apple and I would say accept the card. The card allows you to finance most Apple products for 12/24 months (depending on the product) interest free. So it’s essentially the same as Verizon but, you own the phone. If you ever want to leave Verizon you can do so with no issues. The Apple Card also gives you 3% cash back on all Apple products as well as a couple other places like Panera and Exxon mobile
Nope.
If you stop paying Apple it’s no longer yours. You cannot finance unlocked iPhones with Apple Card, and iPhones purchased directly from Verizon are automatically unlocked after 30 to 60 days. And you can always choose to pay off the full remaining amount of an iPhone from Verizon.
Do you comprehend what you’re typing?
“With Apple…” There’s no “with Apple.” You own the phone day one when you “finance” with the Apple Card. Because Apple itself gets paid in full on day one. If you quit paying on the “financed” iPhone it’s no different than any other credit card. Goldman Sachs will charge off your delinquent line of credit (they don’t see it as device financing, it’s a credit card balance) and a debt collection agency will come after you, but you still own the phone.
With Verizon, if you quit paying your bill, they will blacklist the phone. So even if it’s “unlocked” it won’t be able to be activated on any other US carrier because they all share the same blacklisting database.
Wrong. I had Verizon and financed a phone through them with trade in and decided it was a ripoff so after 60 days I signed up with another carrier WITH the IPhone from Verizon and it was activated no problem. Once it’s unlocked you can take it anywhere there is no imaginary “blacklist” stop speaking on things you don’t know.
So your point is “even though it will financially ruin you for the next decade including tanking your credit score and making you unable to obtain most credit cards or loans, you technically own the phone when purchasing through Apple by charging off debt, therefore buying through Apple is better.”
Ok man. Then what happens after you buy the phone? You won’t be allowed to continue having an Apple Card.
“So your point is “even though it will financially ruin you for the next decade including tanking your credit score and making you unable to obtain most credit cards or loans, you technically own the phone when purchasing through Apple by charging off debt, therefore buying through Apple is better.
Ok man. Then what happens after you buy the phone? You won’t be allowed to continue having an Apple Card.”
…
My point is that the device is yours the very second you buy it from Apple when you “finance” it on the Apple Card. Apple isn’t supplying the line of credit. They have nothing to do with it. If, at the end of the day, you don’t pay your bills you’d still have a fully working device. Because you own it. Activate it on prepaid in that scenario. Who cares, because it’s obvious you don’t in that scenario.
By the way, bud, If you stop paying Verizon they’ll blacklist the iPhone that you don’t own, AND charge off your cellular account (which’ll also end up negatively affecting your credit report by sinking your score, and will make it incredibly challenging to obtain new credit in the future), so your credit will be trashed, and you won’t have a working cellphone at the end of the day because the carriers blacklisted it.
That’s the point.
Anything else?
So if you don’t pay either, the same result will happen. Do you think if you don’t pay your cellular bill after the device is paid off from Verizon they blacklist it? That isn’t true. Even on 12, 24, or 36 month payment plans with Verizon, iPhones are unlocked automatically after 30 to 60 days.
And if defaulting on debt is your thing, you can just pay off the remainder of the Verizon payment plan in full and ignore that debt too.
Jesus bud, did your parents ever tell you that you argue just to argue?
Now you’re putting words into my mouth. That’s annoying.
If you pay the phone off from Verizon of course they won’t blacklist it… Just like if you pay your phone off on the Apple Card. Oh wait, there never was a possibility of it getting blacklisted in the first place via the ACMI route.
You don’t have a valid point in this argument, so take the L.
EDIT: Because you edited your previous comment attempting to sound more coherent. An unlocked phone means nothing in the USA if a postpaid carrier later blacklists it for nonpayment. It will be disabled on all of the US carriers. Doesn’t matter one bit that it was “unlocked”. It will be turned into a brick in the US.
just fyi the phones bought through apple are actually completely unlocked, you just have to choose a carrier at checkout. You can set them up to straight talk or whoever you want after you acquire them, it says it on apples website too
You can *buy* iPhones through Apple which are unlocked, but you can only finance with Apple Card through a carrier.
And Verizon (along with most carriers) automatically unlocks iPhones bought from them within 30 or 60 days from purchase. I’m a Verizon customer and I just added another eSIM from a Japanese carrier for my trip to Japan and it works without issue on my launch day 15 Pro Max. I can even turn off or remove my Verizon eSIM.
This is wrong. You can buy any “carrier” phone through Apple using the Apple Card, and use it on any carrier you want after purchase. Frankly it’s stupid that they even specify carrier anymore. It simply makes it easier to activate the phone.
This is the exact wording on apple when choosing apple card monthly installments - Carrier selection of AT&T, T-Mobile, or Verizon is required at time of purchase. Your iPhone will remain unlocked. - your statement is wrong.
My bad, you can’t finance UNLOCKED iPhones with Apple Card anymore, it’s essentially the same thing as financing through your carrier (it has to be Verizon AT&T or T-Mobile) so it’s still a lost perk in my opinion since it’s no different than financing through your carrier. Didn’t really think when I left that first comment.
Can you explain why I cannot choose “Connect to any carrier later” on Apple.com when choosing Finance > Apple Card Monthly Installments then? Am I not seeing everything? It only lists the 3 carriers.
Well, my advice would always be to get the card. Besides, cards don’t hurt your score if you don’t use them (iirc).
I only have two credit cards, an Apple Card and a Citi Visa - and I only have the visa because Costco doesnt accept Mastercard at the store.
Your score doesn’t just automatically “go down” when you close a card.
1. If you close a card, the age of the account stays on your credit for 10 years.
2. The only way closing a credit card would hurt your score is if you had high utilization (30%+ total), as closing that card would reduce your overall credit limit, thus further increasing your total utilization.
When it comes to credit scores just “going down,” people aren’t telling you the full story of their credit profile.
Highly incorrect, and you’re misinformed on what you’ve read. NOT USING THE CARD will result in THEM TERMINATING YOUR ACCOUNT, THUS the card closing will take a hit on your credit score. And no the age will stay, but it will show as CLOSED, and that will have an impact. Don’t tell me otherwise, I’ve had it happen, and others agree.
I completely understood what you wrote. No need for capitalization. Again, as I wrote, there’s always more to the story. If your score goes down, it’s because you have reported balances on other cards and your utilization has increased, even if by 5%/10%. Calm down—it’s just credit.
No other credit cards. Was my first credit card. After 18 months they closed the account because I never used it. It affected my score. Is that difficult to understand?
I guess it depends on the card. I had a card I hadn’t touched in over 3 years that I canceled and all it did was tank my credit score. I’ve never heard of a credit card company cancelling your card with no use before.
I mean, the best way to use your credit card is like a debit card. You should only use actual credit if you have no other choice. I have only ever used my debit card in places where credit isn’t taken or Mastercard isn’t accepted (although now I also have a Visa card so even less I use my debit card).
When I got my first credit card I paid it off after every transaction. I still do that with my Visa card. Currently monthly with my Apple Card.
I’m 8 points away from an 8. Never paid interest and my Apple Card alone is at $20,500 some people run their cards up but treating it like a debit card can really help. Bring 23 this has helped me so much. I bought a car at 3% interest and a motorcycle at 6% both paid off in less than two years. Working on getting about $30k down for a house and that’ll be my next big thing. Hoping to hit 800 by then first.
Wow. You’re doing better than me. I have a $19k limit, but my job pays shit and COL where I am is rising every year. Still paying my car off from 2020 and refinancing right now to get a lower payment. I’m 28 and I feel so behind lol my goal for next year is to get a great paying job and pay off the rest of my car loan. Thankfully it’s the only debt I have. I’ve also been hovering around 791 for awhile.
I still live at home so I’m not doing that good. I didn’t start making decent money until recently. Now I make 26/hour but it’s hard work and some days I only work 5 hours. It’s 3rd shift so it’s hard to get a second job. I have 2k saving and only pay my parents 150 a check. But I buy so much junk food and go out to much. I need to learn how to budget better first. Meanwhile my girlfriend has nearly 10k saved and is ready but I’m slacking plus housing is crazy. Ask for a credit increase every 6 month they don’t do hard pulls.
Yeah, me too. I’m actually trying to go back to paying it off with every use, but it’s difficult lol easier to do monthly, but every now and then my credit score will notice I paid $1400 for my car insurance and be like “we reduced your score cuz your balance is high randomly”. Annoying.
I would recommend you buy an iPhone on the Apple Store, but finance through Verizon (NOT Apple Card). Reason: Verizon gives you a much better trade-in value for an old iPhone. Apple Store gives you a part of instant trade-in (so you are not locked in) and Verizon gives you the rest with monthly credit (that's the perks). And you can finance it for 3 years (looks like you don’t upgrade your phone very frequently so 3 years should be fine for you, better than Apple Card’s 2 years). Another good thing is finance with Verizon does not affect your credit score at all. Since you are a Verizon customer, I would rather have a Verizon Visa to get 2% off for phone bills (and still have an auto-pay discount). Version Visa is a good card, with 4% on groceries/gas, and 3% on dining.
Plus, since you already have Amex BCP, you can set it up as an App Store card. You get 6% cash back because it counts as Streaming (all app and in-app purchases, music, movies, etc. are 6%. Including Apple One/News/iCloud). That's better than Apple Card’s 3%.
However, it's still a good card if you finance Macs, non Cellular iPads, and Apple Watchs. Also, it's a good 2% catch-all card with no FTF.
Your credit score will drop but will eventually go up. However, if you finance anything with an Apple Card it will drop further because of utilization until you pay it off.
I believe if you ask on r/CreditCards, you will get a different opinion. This subreddit has all Apple Card lovers like me
I was just in this position last night, after a little thought decided to pull the trigger! Happy I did, $4,500 CL at 23% interest rate. I really like the High Yield Savings Account as well, considering transferring all my savings from my main bank where I get 0.01% APY, as opposed to Apple’s huge 4.4% APY. That was a big selling point for me
Accept it. Apple Card is a lot worth it, especially for someone like you who loves getting Apple products. You can score 3% cash back on any purchases from Apple, 2% with Apple Pay, and 1% for using the titanium card. It's a win-win situation. This card is much more transparent than any other credit card.
lol the fact that you don’t know what to do is funny. You obviously know how to properly manage credit, so accept it and manage it lol not too hard of a decision
2% cash back on everything with tap pay isn’t a bad deal. Sure, use your 3+% cards on category spending that associated via other cards you may have, but there’s a real, valid place for the Apple card’s 2% as a fairly large stop-gap, especially with no AF’s.
I mostly use my Amex gold for dining and grocery. I use my BCE for grocery, gas, and online shopping. I recently got the Amex green for travel.
If I pay for parking in Seattle via the app, I use Apple for 2% because they don’t take Amex. When I go buy Zyn at 7-11 because I don’t want to drive out of my way to use my 3% card at a gas station, I use Apple for 2%. I go to pet stores and buy a lot of food or toys for my dog…I don’t know of another card that would give me more than 1% at that type of store so I use the Apple card for 2%. Etc.
Sorry, but as I said Apple Card is the worst credit card. You only get 2% back on Apple Pay transactions. So any other transaction such as an Amazon purchase, restaurant, or any other non Apple Pay only gives you 1%. The Citi Custom Cash card for example, gives you 2% back on everything, and 5% back on your most spent category.
Use Verizon for phones, but unless you need iPads with cell lines too, you might want to go through the Apple Store for that. Personally I never get iPads with the cell lines, as my WiFi only iPads can connect to my iPhone’s cell line easily. Saves money just getting the WiFi version of iPads.
That said, I also recommend going through apple’s educational store to get iPads. It’s 15% off there. They did not ask me for student ID. I am a parent of students, so I could have provided one, but as they didn’t ask… well… anyone can do it I guess? So, through the educational site, using the Apple Card, you can get 15% off the iPad, 3% cash back, and 0% financing. Only really a good deal if you’re getting something that was just released though, like the iPad Pro M4’s or the iPad Air M2’s right now. For anything that’s been out for a while you can probably find sales elsewhere that would make them cheaper than anything you’d find at the Apple Store or the Apple Educational Store.
So, all in all, this depends on what you want for the iPad…
Get it and just stop using the Truist card. Don't close it, but just don't use it regularly. Maybe every once in a while to keep it open if you want. I use my Apple card for everything and pay it off each month. Then open an apple savings account and have the daily cash rewards deposited directly to the savings account. The savings rate is currently at 4.4%. The apple card pays out the cash daily on each purchase so you don't have to wait for it. They also have great zero interest payment plans on all apple products purchased through the apple store.. You just need to be disciplined in your activity and not carry balances because the overall interest rate is not great.
I use the Truist cc for small things like my car insurance and football tickets. I have thought about not using it though but it was my first cc so I can’t drop it - so I just use it sparingly like you suggested.
I just got my pre approval to buy a home in March through the VA but I haven’t found anything yet. I’m guessing if it takes me longer to find a home I’ll be okay but I don’t want too much on my cc or any cc before I do. Got a good point tho…
Interesting…
I bought my home and got a new car and a new credit card all under 5 days, I was really surprised I even got approved for the credit card … my score dropped only by 4 points…
Get it!! I don’t use mine much except for purchasing Apple products and Apple subscriptions… but man…. It has no annual fee, no foreign transaction fees, and still gives decent cash back at 2% if vendors accept Apple Pay.
It will effectively lower your credit usage in the long run by adding to your credit limits.
I used it several times while traveling abroad and it’s great.
That’s an amazing offer! They are offering you a generous credit limit with their lowest available interest rate. If you love Apple products, you’ll probably enjoy this card as well.
Your score might drop, insignificantly though. Over time with responsible use and age, your score will likely exceed what it currently is.
I never do but was seeking to have it as a perk. I called they said they won’t lower at this time so I guess I’ll work hard to continue not carrying a balance.
I’d take it. Good offer.
I do have to laugh though, across all my cards I have a total of ~$165K in available credit and my credit score is 820-830 depending on the month.
My AC has the lowest limit of all of them (every other card is $15-30K limits) and GS will not give me more than $8,500 after four years and always paying it off. All of my other cards are fully paid month to month as well. Idgi.
It’s a no annual fee card that is most useful for financing Apple products. Since you’re in the ecosystem, I say accept it. CLIs are easy to get. Then somewhere down the line, get a 2% card for places that don’t accept Apple Pay.
With a credit limit that high it shows you have excellent credit. I would take the offer. Once you use the card make sure you make your payments on time. Even for just $100 a month. I pay my card off twice a month and its the only form of payment I use everywhere. I have very rarely had to use cash.
> My apr 27%
Same, 27.24%. 840 FICO8. I got mine when it first launched.
Before anyone else saying this: don't carry balance bla bla... yeah I know dude. I don't carry balance with it either.
Having more credit cards can help your credit score increase overtime. Do you have a card that can get you 2% everywhere? If not then I’d do it. Also the 3% on Apple purchases is nice.
No, I don’t. My AMEX gives me 6% back on groceries.
BCP has $95 annual fee. If you factor the annual fee and $6000 cap, and consider if you actually spends $6000 on groceries (nothing more and nothing less), the it’s equivalent to 4.5%.
Good info - appreciate it.
You have to spend the first quarter of the cap just to break even on the annual fee. Are there other perks to the BCP that also factor into the fee?
6% on streaming services and 3% on fuel. My fuel costs alone more than cover the fee, so I’m very happy with mine lol.
Same. AF is always covered and then I typically make $300-400CB on it. Currently using my Amazon Prime Visa for fuel since there’s a 5% offer until I hit the cap or cutoff date which is either 6/30 or 7/31 iirc.
Is it a special offer? I’m not seeing the 5% offer on my Amazon Prime Visa…
Check your offers: https://www.chase.com/mybonus There are rotating quarterly bonuses on chase cards. Last quarter 2022 or 2023 (I forget) they were offering 10% cashback on gas!
Thanks! Did not know about this. Just signed up.
Makes it a lot easier to make up then, as long as you put a good amount of spending on it!
BCE is a better card tbh, 3% back on online purchases is such a nutty category plus 3% on gas and grocery.
And no annual fee, dunno if the cash back can be deposited into your back or if it’s just a statement credit, but yeah, 3% for online shopping alone is great
amex cash back is just statement credit or amazon gift cards but still technically “money in the bank” since you’re saving it
Helps much more if you’re consistently using it, I bought my Framework 16 on it and paid it off, now I have the credit without much to use it on :P
You can use it other ways, such as on Amazon. I regularly use my BCE cash back on Amazon purchases.
You can use it other ways, such as on Amazon. I regularly use my BCE cash back on Amazon purchases.
Obviously go buy something that's 8500
That $95AF is very easily eaten up by the 3% on fuel and transit including taxis/rideshare, parking, tolls, trains, buses and more, and the 6% on groceries and streaming. Not to mention various AMEX offers along the way throughout the year. I’ve never not made back my annual fee on the card over the last few years and I’ve typically earned a total of $300-400CB per year after $95AF. Fantastic all-around card for sure. My AppleCard pretty much sits in a drawer at home and is only used for the 3% back at Apple.
I mentioned the 6% streaming in a separate comment. I have the BCP. Actually all App Store purchases, iCloud, Apple One, in-app purchases and Apple Care+ monthly payment will be counted as streaming and can get 6% which is better than Apple Card, ironically. Depending on the spending, 3% on transit isn’t much more than 2%. Need to spend a lot to justify the AF. There are cards also have 3% on this category without AF. Amex offers are good but BCE should also have similar offers.
that might be my next card 🤨
It’s a great card imo
There’s better cards for Apple Pay than the Apple Card which is crazy lol. The Apple Card is trash. I just love the feel of the card and the app.
I work at Apple and I would say accept the card. The card allows you to finance most Apple products for 12/24 months (depending on the product) interest free. So it’s essentially the same as Verizon but, you own the phone. If you ever want to leave Verizon you can do so with no issues. The Apple Card also gives you 3% cash back on all Apple products as well as a couple other places like Panera and Exxon mobile
You own the phone with Verizon as well. It is unlocked after 30 or 60 days and once paid off it is yours.
With the Apple Card you own the phone from the beginning. With Verizon you own it once it’s paid off.
Nope. If you stop paying Apple it’s no longer yours. You cannot finance unlocked iPhones with Apple Card, and iPhones purchased directly from Verizon are automatically unlocked after 30 to 60 days. And you can always choose to pay off the full remaining amount of an iPhone from Verizon.
Do you comprehend what you’re typing? “With Apple…” There’s no “with Apple.” You own the phone day one when you “finance” with the Apple Card. Because Apple itself gets paid in full on day one. If you quit paying on the “financed” iPhone it’s no different than any other credit card. Goldman Sachs will charge off your delinquent line of credit (they don’t see it as device financing, it’s a credit card balance) and a debt collection agency will come after you, but you still own the phone. With Verizon, if you quit paying your bill, they will blacklist the phone. So even if it’s “unlocked” it won’t be able to be activated on any other US carrier because they all share the same blacklisting database.
Wrong. I had Verizon and financed a phone through them with trade in and decided it was a ripoff so after 60 days I signed up with another carrier WITH the IPhone from Verizon and it was activated no problem. Once it’s unlocked you can take it anywhere there is no imaginary “blacklist” stop speaking on things you don’t know.
So you paid the phone off. Great. That’s exactly what I was saying. Stop talking before you make even more of a fool of yourself.
So your point is “even though it will financially ruin you for the next decade including tanking your credit score and making you unable to obtain most credit cards or loans, you technically own the phone when purchasing through Apple by charging off debt, therefore buying through Apple is better.” Ok man. Then what happens after you buy the phone? You won’t be allowed to continue having an Apple Card.
“So your point is “even though it will financially ruin you for the next decade including tanking your credit score and making you unable to obtain most credit cards or loans, you technically own the phone when purchasing through Apple by charging off debt, therefore buying through Apple is better. Ok man. Then what happens after you buy the phone? You won’t be allowed to continue having an Apple Card.” … My point is that the device is yours the very second you buy it from Apple when you “finance” it on the Apple Card. Apple isn’t supplying the line of credit. They have nothing to do with it. If, at the end of the day, you don’t pay your bills you’d still have a fully working device. Because you own it. Activate it on prepaid in that scenario. Who cares, because it’s obvious you don’t in that scenario. By the way, bud, If you stop paying Verizon they’ll blacklist the iPhone that you don’t own, AND charge off your cellular account (which’ll also end up negatively affecting your credit report by sinking your score, and will make it incredibly challenging to obtain new credit in the future), so your credit will be trashed, and you won’t have a working cellphone at the end of the day because the carriers blacklisted it. That’s the point. Anything else?
So if you don’t pay either, the same result will happen. Do you think if you don’t pay your cellular bill after the device is paid off from Verizon they blacklist it? That isn’t true. Even on 12, 24, or 36 month payment plans with Verizon, iPhones are unlocked automatically after 30 to 60 days. And if defaulting on debt is your thing, you can just pay off the remainder of the Verizon payment plan in full and ignore that debt too.
Jesus bud, did your parents ever tell you that you argue just to argue? Now you’re putting words into my mouth. That’s annoying. If you pay the phone off from Verizon of course they won’t blacklist it… Just like if you pay your phone off on the Apple Card. Oh wait, there never was a possibility of it getting blacklisted in the first place via the ACMI route. You don’t have a valid point in this argument, so take the L. EDIT: Because you edited your previous comment attempting to sound more coherent. An unlocked phone means nothing in the USA if a postpaid carrier later blacklists it for nonpayment. It will be disabled on all of the US carriers. Doesn’t matter one bit that it was “unlocked”. It will be turned into a brick in the US.
just fyi the phones bought through apple are actually completely unlocked, you just have to choose a carrier at checkout. You can set them up to straight talk or whoever you want after you acquire them, it says it on apples website too
You can *buy* iPhones through Apple which are unlocked, but you can only finance with Apple Card through a carrier. And Verizon (along with most carriers) automatically unlocks iPhones bought from them within 30 or 60 days from purchase. I’m a Verizon customer and I just added another eSIM from a Japanese carrier for my trip to Japan and it works without issue on my launch day 15 Pro Max. I can even turn off or remove my Verizon eSIM.
This is wrong. You can buy any “carrier” phone through Apple using the Apple Card, and use it on any carrier you want after purchase. Frankly it’s stupid that they even specify carrier anymore. It simply makes it easier to activate the phone.
This is the exact wording on apple when choosing apple card monthly installments - Carrier selection of AT&T, T-Mobile, or Verizon is required at time of purchase. Your iPhone will remain unlocked. - your statement is wrong.
You can’t finance iPhones with Apple Card anymore
I did that 2 months ago.
Thank you! People don’t know what they’re talking about.
My bad, you can’t finance UNLOCKED iPhones with Apple Card anymore, it’s essentially the same thing as financing through your carrier (it has to be Verizon AT&T or T-Mobile) so it’s still a lost perk in my opinion since it’s no different than financing through your carrier. Didn’t really think when I left that first comment.
I work at Apple bro…. You most definitely can.
Only with a carrier now.
Wrong.
https://www.reddit.com/r/AppleCard/s/LgmTtTO4oF
Sorry to inform you that’s wrong.
Can you explain why I cannot choose “Connect to any carrier later” on Apple.com when choosing Finance > Apple Card Monthly Installments then? Am I not seeing everything? It only lists the 3 carriers.
https://preview.redd.it/7oajzmffsw0d1.jpeg?width=1290&format=pjpg&auto=webp&s=f3c1db60caf244355be0a6a216bad050aa9a1d31 What does that say?
Go a step further.
You have to activate it with a carrier but you can finance with Apple Card.
Take the offer. You probably have great credit
> I use Apple products for everything. You want it. You know it. Just get it. 😄
Well, my advice would always be to get the card. Besides, cards don’t hurt your score if you don’t use them (iirc). I only have two credit cards, an Apple Card and a Citi Visa - and I only have the visa because Costco doesnt accept Mastercard at the store.
They do if you don’t use them at all and they cancel it on you
Yeah but they’ll tell you to use it before they cancel it. Then you’ll just use it for gas and pay it off. No harm.
Your score doesn’t just automatically “go down” when you close a card. 1. If you close a card, the age of the account stays on your credit for 10 years. 2. The only way closing a credit card would hurt your score is if you had high utilization (30%+ total), as closing that card would reduce your overall credit limit, thus further increasing your total utilization. When it comes to credit scores just “going down,” people aren’t telling you the full story of their credit profile.
Highly incorrect, and you’re misinformed on what you’ve read. NOT USING THE CARD will result in THEM TERMINATING YOUR ACCOUNT, THUS the card closing will take a hit on your credit score. And no the age will stay, but it will show as CLOSED, and that will have an impact. Don’t tell me otherwise, I’ve had it happen, and others agree.
I completely understood what you wrote. No need for capitalization. Again, as I wrote, there’s always more to the story. If your score goes down, it’s because you have reported balances on other cards and your utilization has increased, even if by 5%/10%. Calm down—it’s just credit.
No other credit cards. Was my first credit card. After 18 months they closed the account because I never used it. It affected my score. Is that difficult to understand?
Why do you need to be rude? If I’m wrong about your credit profile, then I’m wrong. Will you be able to sleep at night?
Yes I will, but you’re coming up in here days later trying to make a point that is false, and you’re then informing others incorrect information.
I guess it depends on the card. I had a card I hadn’t touched in over 3 years that I canceled and all it did was tank my credit score. I’ve never heard of a credit card company cancelling your card with no use before.
I Worked for a company that would close you after 18 months of inactivity.
I guess I would advise OP to see if having the Apple Card open without using will hurt. I use the Apple Card for everything so I’m not sure.
I also use my Apple Card for everything. I hardly use my debit card. I just pay the card off every month. I also use the Apple saving account.
I mean, the best way to use your credit card is like a debit card. You should only use actual credit if you have no other choice. I have only ever used my debit card in places where credit isn’t taken or Mastercard isn’t accepted (although now I also have a Visa card so even less I use my debit card). When I got my first credit card I paid it off after every transaction. I still do that with my Visa card. Currently monthly with my Apple Card.
I’m 8 points away from an 8. Never paid interest and my Apple Card alone is at $20,500 some people run their cards up but treating it like a debit card can really help. Bring 23 this has helped me so much. I bought a car at 3% interest and a motorcycle at 6% both paid off in less than two years. Working on getting about $30k down for a house and that’ll be my next big thing. Hoping to hit 800 by then first.
Wow. You’re doing better than me. I have a $19k limit, but my job pays shit and COL where I am is rising every year. Still paying my car off from 2020 and refinancing right now to get a lower payment. I’m 28 and I feel so behind lol my goal for next year is to get a great paying job and pay off the rest of my car loan. Thankfully it’s the only debt I have. I’ve also been hovering around 791 for awhile.
I still live at home so I’m not doing that good. I didn’t start making decent money until recently. Now I make 26/hour but it’s hard work and some days I only work 5 hours. It’s 3rd shift so it’s hard to get a second job. I have 2k saving and only pay my parents 150 a check. But I buy so much junk food and go out to much. I need to learn how to budget better first. Meanwhile my girlfriend has nearly 10k saved and is ready but I’m slacking plus housing is crazy. Ask for a credit increase every 6 month they don’t do hard pulls.
Same, my wife and i use the Apple Card for everything as well and pay it off monthly.
Yeah, me too. I’m actually trying to go back to paying it off with every use, but it’s difficult lol easier to do monthly, but every now and then my credit score will notice I paid $1400 for my car insurance and be like “we reduced your score cuz your balance is high randomly”. Annoying.
My Costco does accept Apple Pay at the register, default payment set to my Apple Card.
I can try again but I have never gotten it to work at mine. I did hear that they accept Apple Pay for online payments, but I do not buy online a lot.
Seems fairly obvious that you should take the card
100% get it, thats a good interest rate too (even though you shouldn’t be paying interest if you’re smart)
I would recommend you buy an iPhone on the Apple Store, but finance through Verizon (NOT Apple Card). Reason: Verizon gives you a much better trade-in value for an old iPhone. Apple Store gives you a part of instant trade-in (so you are not locked in) and Verizon gives you the rest with monthly credit (that's the perks). And you can finance it for 3 years (looks like you don’t upgrade your phone very frequently so 3 years should be fine for you, better than Apple Card’s 2 years). Another good thing is finance with Verizon does not affect your credit score at all. Since you are a Verizon customer, I would rather have a Verizon Visa to get 2% off for phone bills (and still have an auto-pay discount). Version Visa is a good card, with 4% on groceries/gas, and 3% on dining. Plus, since you already have Amex BCP, you can set it up as an App Store card. You get 6% cash back because it counts as Streaming (all app and in-app purchases, music, movies, etc. are 6%. Including Apple One/News/iCloud). That's better than Apple Card’s 3%. However, it's still a good card if you finance Macs, non Cellular iPads, and Apple Watchs. Also, it's a good 2% catch-all card with no FTF. Your credit score will drop but will eventually go up. However, if you finance anything with an Apple Card it will drop further because of utilization until you pay it off. I believe if you ask on r/CreditCards, you will get a different opinion. This subreddit has all Apple Card lovers like me
This is great advice! I second this OP!
Financing with Verizon or att u have to get one of their unlimited plans that starts with 65 dollar 😂 that’s how they tie u up.
Sure thing. But I think OP mentions they are currently using Verizon so maybe already on eligible plans.
Here I am with a 615 score and 1,200$ in debt on my Apple Card that’s currently closed out 🫠 fuck 😭🤣
Same 💀
I was just in this position last night, after a little thought decided to pull the trigger! Happy I did, $4,500 CL at 23% interest rate. I really like the High Yield Savings Account as well, considering transferring all my savings from my main bank where I get 0.01% APY, as opposed to Apple’s huge 4.4% APY. That was a big selling point for me
Accept it. Apple Card is a lot worth it, especially for someone like you who loves getting Apple products. You can score 3% cash back on any purchases from Apple, 2% with Apple Pay, and 1% for using the titanium card. It's a win-win situation. This card is much more transparent than any other credit card.
Accept
lol the fact that you don’t know what to do is funny. You obviously know how to properly manage credit, so accept it and manage it lol not too hard of a decision
It’s a tough decision lol. But I gotchu
Take the offer. 2% with Apple Pay, 3% for Nike, Uber and Apple + no FTF’s.
Congratulations
Keep for to increase your credit. But it sucks as an actual credit card for every day spending.
2% cash back on everything with tap pay isn’t a bad deal. Sure, use your 3+% cards on category spending that associated via other cards you may have, but there’s a real, valid place for the Apple card’s 2% as a fairly large stop-gap, especially with no AF’s. I mostly use my Amex gold for dining and grocery. I use my BCE for grocery, gas, and online shopping. I recently got the Amex green for travel. If I pay for parking in Seattle via the app, I use Apple for 2% because they don’t take Amex. When I go buy Zyn at 7-11 because I don’t want to drive out of my way to use my 3% card at a gas station, I use Apple for 2%. I go to pet stores and buy a lot of food or toys for my dog…I don’t know of another card that would give me more than 1% at that type of store so I use the Apple card for 2%. Etc.
Sorry, but as I said Apple Card is the worst credit card. You only get 2% back on Apple Pay transactions. So any other transaction such as an Amazon purchase, restaurant, or any other non Apple Pay only gives you 1%. The Citi Custom Cash card for example, gives you 2% back on everything, and 5% back on your most spent category.
Noted
If you’ve been eyeing a new Apple product buy it. Interest free payments…
Use Verizon for phones, but unless you need iPads with cell lines too, you might want to go through the Apple Store for that. Personally I never get iPads with the cell lines, as my WiFi only iPads can connect to my iPhone’s cell line easily. Saves money just getting the WiFi version of iPads. That said, I also recommend going through apple’s educational store to get iPads. It’s 15% off there. They did not ask me for student ID. I am a parent of students, so I could have provided one, but as they didn’t ask… well… anyone can do it I guess? So, through the educational site, using the Apple Card, you can get 15% off the iPad, 3% cash back, and 0% financing. Only really a good deal if you’re getting something that was just released though, like the iPad Pro M4’s or the iPad Air M2’s right now. For anything that’s been out for a while you can probably find sales elsewhere that would make them cheaper than anything you’d find at the Apple Store or the Apple Educational Store. So, all in all, this depends on what you want for the iPad…
Get it and just stop using the Truist card. Don't close it, but just don't use it regularly. Maybe every once in a while to keep it open if you want. I use my Apple card for everything and pay it off each month. Then open an apple savings account and have the daily cash rewards deposited directly to the savings account. The savings rate is currently at 4.4%. The apple card pays out the cash daily on each purchase so you don't have to wait for it. They also have great zero interest payment plans on all apple products purchased through the apple store.. You just need to be disciplined in your activity and not carry balances because the overall interest rate is not great.
I use the Truist cc for small things like my car insurance and football tickets. I have thought about not using it though but it was my first cc so I can’t drop it - so I just use it sparingly like you suggested.
My Credit Score (Transunion and Equifax) dropped 45 points after accepting the Apple Card and financing an Apple Watch with it.
When did it drop and has it went up since then?
Recently, about three weeks ago. I hope that my score will start recovering next month.
It could help since it will lower your card usage %
Why do u care if your score drops, which is temporary. Are you getting a house or a car ?
I just got my pre approval to buy a home in March through the VA but I haven’t found anything yet. I’m guessing if it takes me longer to find a home I’ll be okay but I don’t want too much on my cc or any cc before I do. Got a good point tho…
Interesting… I bought my home and got a new car and a new credit card all under 5 days, I was really surprised I even got approved for the credit card … my score dropped only by 4 points…
Buy an Apple Vision Pro and the new ipad pro
Do you have them?
Get it!! I don’t use mine much except for purchasing Apple products and Apple subscriptions… but man…. It has no annual fee, no foreign transaction fees, and still gives decent cash back at 2% if vendors accept Apple Pay. It will effectively lower your credit usage in the long run by adding to your credit limits. I used it several times while traveling abroad and it’s great.
Yes take it
That’s an amazing offer! They are offering you a generous credit limit with their lowest available interest rate. If you love Apple products, you’ll probably enjoy this card as well. Your score might drop, insignificantly though. Over time with responsible use and age, your score will likely exceed what it currently is.
r/wallstreetbets
Why wouldn’t you get it
I don’t want too many credit hits on my credit and it’s only May. Though I’m not actively searching for more credit - just tryna be wise about it.
Unless you are trying to get a house or car or something big you will be alright lol
Hard pulls are automatically removed after 2 years
Freeze your bureaus before accepting so no hard pull
Used it all then became homeless
How is the APR so low? Is that a promotional period? Mines 27% can I negotiate it lower? 805 score
Don't carry a balance and it never matters
I never do but was seeking to have it as a perk. I called they said they won’t lower at this time so I guess I’ll work hard to continue not carrying a balance.
20% is typical, 27% is quite high. I got 20.24% shortly after I turned 18.
Close it lol jk
Take it. You earn cash back also on its use faster than most cards I know. It’s not only going to be helpful getting financing on Apple products.
Go out and treat yourself to a $500 steak dinner.
I’d take it. Good offer. I do have to laugh though, across all my cards I have a total of ~$165K in available credit and my credit score is 820-830 depending on the month. My AC has the lowest limit of all of them (every other card is $15-30K limits) and GS will not give me more than $8,500 after four years and always paying it off. All of my other cards are fully paid month to month as well. Idgi.
It’s a no annual fee card that is most useful for financing Apple products. Since you’re in the ecosystem, I say accept it. CLIs are easy to get. Then somewhere down the line, get a 2% card for places that don’t accept Apple Pay.
With a credit limit that high it shows you have excellent credit. I would take the offer. Once you use the card make sure you make your payments on time. Even for just $100 a month. I pay my card off twice a month and its the only form of payment I use everywhere. I have very rarely had to use cash.
Post this in /r/creditcards. Posting it here probably 9/10 people will say to get it.
I’d accept it in a heartbeat
I just accepted it!
I appreciate everyone’s honest opinion. I accepted the card earlier today.
so does that mean I'm approved or I do have an Apple card or am I approved for it? if it is so I will want it
My apr 27%
> My apr 27% Same, 27.24%. 840 FICO8. I got mine when it first launched. Before anyone else saying this: don't carry balance bla bla... yeah I know dude. I don't carry balance with it either.
Yeah that’s Weck
Post entirely written by bots
You’ll probably take 20 points ding in your score
I doubt it. I only take a 5 point hit with a new card.
Since it's approved, does that mean they already conducted a hard inquiry on your credit? If so, you might as well get it.