Thoughts on the new Apple Card? I think it’s gimmicky with no real benefits

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Quite an interesting write up in the WSJ over the weekend... basically says it’s nearly good rather than really good and won’t be of much interest to people who are very motivated by points (which I took to mean all consultants...)

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It’s trash from a rewards perspective. Only worthwhile if you’re into the security side of it

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Seems to have literally zero benefits except saying you have one....very much like most of the things they’ve come up with since Jobs died. No innovation, just branding

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Sad how they’ve fallen.

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Waiting for mine to arrive to find out! The physical card at least, haven’t used the Apple Pay yet

Apple tryna get a stable stream of revenue.

Some cool features sure, but I don't have a strong reason to use it.

Might use it for international transactions where Apple Pay is accepted and for Apple purchases

Well it only took me 1 minute to onboard and get approved, every detail is pre filled, only asked the last four digits of my social instead of full, definitely an amazing onboading experience 💯

Whole credit card industry is predatory. We benefit highly from it... We don't realize in the moment we are inadvertently contributing to the increasing wealth inequality. Almost all of CC profits come from those paying interest, which are disproportionately those from lower income thresholds.. which only makes their situation worse.

Because of them paying interest, CC companies can offer higher bonuses, luring us (bad customers from a CC company perspective), to be able to on board more of those that will be negatively affected by high interest debt.

Saying all of this I am a huge hypocrite with more than 10 active CCs having gained $2000 worth of points/cash back this yr

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