The Truth About The Apple Credit Card

In this video, we are going to cover, the new path to the apple card, how the apple card compares to other credits cards, and also pros on cons.

1. Let’s start the video with Apple
– Apple is a company that wants to lead whatever industry they become apart of
– And create an ecosystem for their uses, so their users literally can use everything apple, and apple makes more money and their customers are happy
– The pro is that everything is in one place, and the con is that everything in one place.

2. Actual Credit Card
– As you guys know apple uses 3 things to market this credit card
– Privacy, cashback, no fees
– And an easy application process

Privacy: the credit card is blank, your information is encrypted in case thief try to use skimmers on it, and it tells you when and where it was last used.

Competition: an app called privacy that also gives you virtual cards, but again that’s a third party, this way you do it apple directly and automatically.

Cash Back: the problem apple solved, is that people want to get more cashback and also get their cash back quickly and not have to wait. So they give you 1% cash if you use the physical card, 2% if you apple pays, and 3% if you buy at Apple, Nike, Tmobile, uber, and other affiliated websites. And you get the money the same day.

Competition: Citi double cash card 2%, and Alliant signature visa card 2.5% but has an annual fee of 95%. With the Citi card you get 1% when you buy and 1% when you pay the card, not with the apple card. And with the Alliant, theirs a cashback cap, not with the apple card.

No Fees: No late fees, annual fees, foreign transaction fees, no return payment fee, and no card replacement fee.

Competition: a lot of cards still use the fee model.

Overall: apple made sure that what they marketed themselves for, they did better than everyone else. But here is what apple is not that good at.

3. What Apple doesn’t market themselves for
– Benefits: extended warranty, insurance, or purchase protection 90 days
– Sign up bonus: when you sign up you don’t get anything, no $600 bucks no nothing
– Partner Goldman Sachs: they have lawsuits pending, gender discrimination allegation, but when your that big of company somethings have to go wrong.

But here is why I think this doesn’t matter:
– Apple doesn’t need benefits or sign up bonuses: because credit cards just use those features to get you to sign up, but Apple already has millions of customers that are loyal with or without those things.
– Goldman Sachs: in the end apple reputation is incredible, its kind like having your bad kid hang out with this really good kid, In hopes it averages out.

What I Think: I wouldn’t be surprised if in the future apple create its own bank.
Examples: intel, Barclay card, at&t ( Apple has been know to use companies until they perfect their products)

4. Application process
– Path to the apple card
– For people that got rejected and want to make sure they qualify for the next time
– No other credit card is doing yet, but it’s a great idea.

Again:
– Apple has a lot to win with this
– When a person has an apple card, they can buy products and pay it off slowly and interest-free for 24 months
– They also become more dependable on their iPhones.
( so it makes sense why they want to help you)

But overall that’s about it for this video guys.
– We’ll see
* PRO TIP*
INFORMATION IS EVERYTHING

????Merch????
https://teespring.com/stores/tommybryson

✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬

????ACORN FREE $5????
Link: https://acorns.com/invite/38EYSU

⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9

????????‍????DISCORD PRIVATE GROUP????????‍????
https://discord.gg/EcZEHpA

My Camera Gear: https://amazon.com/shop/tommybryson

✔ Help Us Reach 250,000 Subscribers: https://goo.gl/0wvm6w

????All My Social Media????
Link: https://linktr.ee/tommybryson

*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

source