Apple Launches A Credit Card

[KhalaiMakhlooq]

Apple debuted its own credit card at its March 2019 event. Available this summer, the card will not have any fees and was created in combination with Goldman Sachs and Mastercard.

 

[Skies]

So no Paypal is needed if you have a iPhone?

 

[KAL-EL]

My curiosity is definitely peaked

 

[UKBengali]

My curiosity is definitely peaked

Yep, no fees.

1% on all physical transactions, 2% using Apple Pay and 3% on Apple Products.

Sounds like the best cash-back credit card out there.

 

[KhalaiMakhlooq]

Yep, no fees.

1% on all physical transactions, 2% using Apple Pay and 3% on Apple Products.

Sounds like the best cash-back credit card out there.

yes, pay your balance in full every month and max it out... apple will be PAYING you

 

[UKBengali]

yes, pay your balance in full every month and max it out... apple will be PAYING you

Actually that will negatively affect your credit score. I heard using up to 20% of your total credit limit each month is the best way to keep a good credit rating.

 

[KAL-EL]

Actually that will negatively affect your credit score. I heard using up to 20% of your total credit limit each month is the best way to keep a good credit rating.

From what I understand, having no balances on your cards will actually lower your FICO scores.

How do you like that? You actually get penalized for not having a balance/s

 

[KhalaiMakhlooq]

Actually that will negatively affect your credit score. I heard using up to 20% of your total credit limit each month is the best way to keep a good credit rating.

whats the point, if you pay interest the cash back gets cancelled out

oh you mean use 20% of the limit

 

[UKBengali]

From what I understand, having no balances on your cards will actually lower your FICO scores.

How do you like that? You actually get penalized for not having a balance/s

Yes not spending anything is bad as well. The ideal figure mentioned is keep under 20% of your limit.

whats the point, if you pay interest the cash back gets cancelled out

oh you mean use 20% of the limit

Yes, try not to go over 20% of your limit - I guess they think that if you need to borrow more than that then your outgoings are too high for your income.

 

[KhalaiMakhlooq]

Yes not spending anything is bad as well. The ideal figure mentioned is keep under 20% of your limit.




Yes, try not to go over 20% of your limit - I guess they think that if you need to borrow more than that then your outgoings are too high for your income.

I dont think it works like a balance sheet.

credit ratings that you see online (such as experian) are indicative

Credit providers use data on who you are, your perceived status, the area you live in, who your neighbours are, whether you own property and business relations.

Then they look at history of how you utilise credit.

The bottom line is, credit is given to people who dont need credit.

For example you would extend 10000 credit to someone you know is wealthy and they have no issues in paying it back

but you wouldnt do that to a poor person

 

[delta2]

If Apple was a bank I'd open an account with them.

 

[KAL-EL]

If Apple was a bank I'd open an account with them.

Well I guess it’s safe to say you’re a big fan of Apple then eh?

I don’t know if I’d open an account with them if they were a bank, but I am enjoying my very first iPhone though.

 

[Deleted]

So no Paypal is needed if you have a iPhone?

No PayPal needed, if you have Bitcoin or 3d secure debit cards.

PayPal is only requirement for Free Lancers...

PayPal is good for cutomers sepcially for seedbox users, if they not satisfied in 7 days, they got money back via PyaPal...

I think PayPal is not available in Bangladesh and Pakistan,

Approx. 98% of European sites PayPal and from those 98% , 90% of them also support Bitcoin.

i hope in next 2-4 years all sites will support Botcoin, and no one will use PayPal but Bitcoin

 

[KAL-EL]

^^^ Very satisfied PayPal user. I occasionally use their line of credit too. Very convenient

I don’t know about Bangladesh, but I know it’s not available in Pakistan yet.

I also know quite a few Pakistanis on PDF are frustrated about lack of access.

 

[Deleted]

^^^ Very satisfied PayPal user. I occasionally use their line of credit too. Very convenient

I don’t know about Bangladesh, but I know it’s not available in Pakistan yet.

I also know quite a few Pakistanis on PDF are frustrated about lack of access.

We are trying very hard to bring PayPal in Pakistan by Petition, Contacting PayPal, PayPal CEO, Finance Minister Asad Umar, State Bank via Citizen Portal,

Lot of PayPal staff in south asian region is from India, may be due to this they donot want PayPal to come in Pakistan and Bangladesh.

On one email reply, they said they are trying hard to expand the PayPal to other countries, but it also depends on Pakistani Banks they interested with PayPal to work or not,

on other email reply the said they discuss with senior management to launch paypal in Pakistan, but we can not give time frame...