Does applying for the card require Apple/GS pull my credit history? I would also prefer this remain unavailable to them.
Apple announces Apple Card credit card
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Re: Apple announces Apple Card credit card
#52I remember reading an article a few years ago that said Apple has so much money overseas, the most logical thing they can do is to start a bank. Can't find it atm (I'm on mobile). But maybe that has changed after the GOP's tax law changes.
They aren't starting a bank. Apple Card is issued by Goldman Sachs and is on the MasterCard network.
Re: Apple announces Apple Card credit card
#53Cant sell enough phones, so gotta sell debt as well… brilliant… cant wait to see what innovation they come up with next!
Re: Apple announces Apple Card credit card
#54With the rise of smartphone payments like Samsung Pay, Android Pay and Apple Pay , is there even a need for credit cards? How long until these companies start skipping payment processors like Visa and Mastercard and take the whole pie?
I suspect these are the first logical steps in doing just that.
Re: Apple announces Apple Card credit card
#55US only?
Re: Apple announces Apple Card credit card
#56> get a digital card that they can use anywhere Apple Pay Apply Pay users: how broad is Apply Pay adoption? Is this a viable replacement for a VISA, Mastercard or AMEX? I'm intrigued by the privacy angle to this, seeing as VISA and Mastercard apparently share and/or sell a lot of transaction data with/to third parties. Edit: The article has been updated: As rumored, Apple is partnering with Goldman Sachs for Apple Ca…
100% in russia
They had a slide showing something like 95%.
Re: Apple announces Apple Card credit card
#57With the rise of smartphone payments like Samsung Pay, Android Pay and Apple Pay , is there even a need for credit cards? How long until these companies start skipping payment processors like Visa and Mastercard and take the whole pie?
There are lots of places where any of the payment methods you mentioned are available, so until then.
Re: Apple announces Apple Card credit card
#58Does applying for the card require Apple/GS pull my credit history? I would also prefer this remain unavailable to them.
I'm sure it does. They need to verify that you're qualified for credit.
I don't believe Apple itself would be the party pulling your credit history though. They've partnered with Goldman Sachs as the issuing bank, so it would probably be Goldman that runs your credit.
Re: Apple announces Apple Card credit card
#59This presentation by a16z talks about the next gen tech of consumer spending:
Re: Apple announces Apple Card credit card
#60The 2% cashback is especially interesting (in the US, for purchases done with ApplePay). I guess they can get away with a different risk model when they control more of the payment process & security.