The TRUTH About the Apple Card - Still Worth It in 2023?
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- เผยแพร่เมื่อ 13 ก.พ. 2022
- 🔥💳 My Favorite Card Picks ➡️ kevinyang.info/credit-cards
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How good is the Apple credit card in 2 years later in 2022/2023? Tune in to this review! This card is definitely unique and has tons of benefits if you're deep in the Apple ecosystem. But how does it stack up against other amazing credit cards? How do you optimally spend on it? And should you get it? We go over ALL the details and more in this video!
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Do YOU plan on getting the apple card? Why or why not?
Also, check out my favorite card picks here: kevinyang.info/credit-cards
The Apple Card is great to have as a no AF card for anyone, I pretty much got it to increase my credit worth to look good on my credit report. I hardly use mine as I use my since I get better benefits from my other credit cards... Great video Kevin 💪🏽
Yeah if you're not a hard core credit card fanatic, it's an awesome card to just have given the $0 annual fee! It's just IMO not the most *optimal* card unless you're deep in the Apple ecosystem!
Thanks for watching!
@@KevinYang ttyiii
@@KevinYang I think the card is useless one because you can’t take out any cash advances with the Apple Card or anything
I think it is an ok card. I got it strictly for my apple hardware, gear, apps, and software purchases as it still has a decent cash-back plan. However, I have other credit cards for all other purchases. Also if you are conscientious and can manage having multiple cards and keep paying on time then having the extra credit can help your credit score in the long run.
Can't agree with this enough! Yes there's opportunity cost of getting this card instead of another, but there's never a limit on the number of cards you have, as long as you can manage them well! Thanks for watching Conor!
I got mine just to pay for T-Mobile, Uber, and Apple purchases. That way I get 3% on those, and I have a somewhat higher headroom on my utilization. Also it might come in handy if I decide to purchase more Apple products at some point, if I’m not working some kind of introductory offer on some other card at the time.
Plus, because of some mistakes in the past, Chase and American Express are dead to me. Well actually I’m dead to them.
Same bro I just got it
Damn what you do lol
@@ajanimandara9048 had Amex and Chase accounts with a business of mine that failed. Ended up with about $15,000 business debt, and $4000 personal debt, that I couldn’t pay back. Some went to collections, some I settled (Chase) with their in-house collections. I would’ve handled it very differently if I knew then what I know now, but that’s how it went down, and both of them told me never to bother applying for credit with them again.
Got mine for the same reason. I got other awesome credit cards but got this mostly for the T-Mobile bill and monthly Apple purchases. Also to increase my total credit availability. I’m always renting 3-4$ movies on my phone so why not get a little bit back on those things.
I Literally HATE AMEX. I didn’t even want the damn card. My mom sucked me into because she wanted to use the DELTA skymiles perks but I don’t even travel that much (yet).
Hey bro, the Apple Card is only effective when you use Apple Pay and charge the card right? I can’t use other cards like my Amex gold or chase unlimited with Apple Pay to trigger an additional 2% savings on the Apple Card?
Yes that's correct! Only when you use the Apple Card paired with Apple Pay!
@@KevinYang thank you, I’m trying to justify adding the card to my collection since I’m fully in the apple ecosystem. But it’s such a useless card I don’t see myself ever getting it under its current perks
@@l-Lucid-l Makes sense. There's definitely a lot of great cards out there that you could get before this one!
@@l-Lucid-l What other card will finance a Macbook Pro at 0% for 24 months plus give you the daily cash?
Great video here Kevin! I personally see the value in Apple as a card for beginners, however I prefer other credit cards such as the Chase Freedom Flex & Citi Custom Cash for no-annual fee cards.
Totally agree! And the simplicity is a big part of attracting the masses! Thanks for watching Matt!
What’s the freedom flex like? I have unlimited considering upgrading..
@@rachel7550 Hey Rachel! The Freedom Flex is a staple in my wallet for the 5x on rotating categories, and is a great option!
@@MattWelterOfficial going to check it out, I go back and forth between my Best Buy,Amazon, (both 5% back in rewards) and chase unlimited, love the Best Buy since Best Buy has the 45 day price match garuntee with anyone selling stuff for less then them… always interested in stuff that could be better, Thanks!!!
I have Apple Card. Do you recommend getting rid of it if I have the chase sapphire preferred?
Well done video! This is definitely a card I'll get SOME day just to take advantage of offers and to add weight to my credit history over the long run but I just gotta figure out when I should do that considering we should only get a couple cards a year and Chase's 5/24 and whatnot.
Exactly, Chase cards are amazing but they have the infamous 5/24 rule to work around!
You should get the Apple Card and use it when you buy an apple product or if you use Apple Pay a lot.
Yup exactly! There's definitely very specific use cases for the card!
My main complaint would be that this card offers absolutely horrendous customer service, specifically when it comes to disputes and their resolution. No purchase/return protection, no extended warranty, purchases are not backed up or insured in any way. I saw multiple cases among my friends when Goldman Sachs was trying to make them responsible for fraudulent transactions on their accounts (Apple Pay data was compromised). Also it took them almost 90 days to resolve a $17 dispute with doordash (order was never delivered), which is freaking ridiculous. I completely avoid this card for any kind of large and important purchases. The lack of security and service with this card only makes it good for buying a bottle of soda at a gas station once a year simply to keep the account active.
Oh wow, sorry to hear that! You'd think that because this is an Apple-branded product, their usual great customer service would carry over, guess not!
The problem I'm having with this card is their reporting to the CRAs. They went 6 months without an update to my credit report. I had to call them to get them to report my $0 balance. Now its looking like they are reporting everything I've charged over the course of the month as my balance even though I pay my balance every few days and its $0 well before the statement date closes. So I was super confused on what and how they reported. On statement inspection I see that what they reported was what I spent but also what I paid in full for that month well before statement closing. This card has actually become a liability. I've gone on forums to see if it was just me and are reading people having similar issues.
Just use the card for food and or gas and then pay it off as soon as possible before the due date and keep your statements at zero and it’ll raise your credit score. That’s really the only reason to use this card.
Agreed, that applies to any card really, but especially no annual fee ones!
It's a department store card for Apple. I just buy Apple products and services with it. I have other cards with better rewards for everything else. I didn't even get the physical card because the 1% back is not enough to bother.
Totally with you! I think if you're not min-maxing the credit card game or there's no other card you'd be pushing off for this one instead, it's awesome! Similar to the Amazon card if you have prime.
Apple Pay is basically the same as Citi double cash if you use your phone to pay. The only apple benefit is 3% at apple, Uber, Walgreens, T-Mobile and several other places. It makes a good side card.
Apple has been constantly sending me their promo emails, so I searched informational videos on TH-cam, and this is what I learned.
If you do not want to use Apple Products, then Apple Card is just an average card.
Thinking long term, since the phone & tablet technology has fully matured for the majority of the customers, it is not a great time to get this card for its rewards and get locked into Apple's ecosystem.
I just got approved today for 3,800 on the apple store website soon as I applied
Nice!!
Meh card, but no annual fee, so useful to build or rebuild credit.
Increases your total credit limit, toss some small charge every month, and pay it off each time, just to stack up the on time payment history.
Since I'm a channel member of a number of TH-cam channels, I've got the membership fees spread out across 6 crappy cards every month, and all of them set to auto pay the statement balance every month.
It's done wonders to dilute the late payments I've got on my report from a few years ago when got injured and ran into some trouble.
Yeah that's definitely a way to do it!
What if I get the card only to pay for the new iPhone monthly. Will that be a good idea? My current phone is completely damaged and I feel like it’ll be pointless to get repaired. Ontop of the monthly bill will I have to pay more at the end of the month?
Unless you're planning to get other cards in the near future, or need good credit soon, I think it's a fine idea to go for the Apple card for that reason!
Thank you! Needed this for the 14. Lol
Honestly, I don’t get why the Apple Card gets so much flack. It’s a good card. Specially if you use Apple Pay which most of the US does cause they have iPhones. You can pay your bills online with Apple Pay, you can dine and pay with Apple Pay, Uber with Apple pay, Uber eats, door dash and basically 85 percent of the stores in the USA or even internationally lol no foreign exchange fee or any fees at all for that matter. Also, it is great if you’re already under the Apple ecosystem cause you know you’re upgrading phones, watches, iPads every year or two. Also, If you have good credit history you will most likely get a very high credit limit and take advantage of their stupid installment plans at 0 percent interest and get your 3 percent upfront.
It's definitely not a *bad* card! But there are other potentially better options out there for different situations that many people may not know about (i.e. when Apple Card is their first kind of "special card")
How good is the spend tracking? I want to know how much $ I am spending per month on dining, groceries, gas, utilities, etc. I have a 2% cash back card rn but actually considering switching just for the spend analytics
@@LuKiSCraft it’s actually the easiest out of all my cards. You just open your wallet and tap your card, there’s a menu that says weekly activity and everything is divided into categories.
This is my Uber Eats card. 3% cash back. Period
3% is awesome!
I invest in dividends for passive income. I love dividends and teaching younger people how to invest.
So underrated man.
Apple will give this card for shipment, how to I take it my hand
What if I want to use the card to make small purchases now and then since I sell stuff I have to wait for the money to come in and that’s aggravating but I never need a large amount of money and I won’t be using it often
Just FYI, signing up for the Apple Card through Credit Karma gets you a $75 welcome bonus.
Thanks for calling that out! That definitely sweetens the deal a bit, though it'd be great if it matched the $200+ offers of some competing cards..
Thank You
Been using it of course it is worth it!
Glad you're able to find great use out of it!
How about if you don’t have the credit for chase card or other card i thing this card is good for increase your credit and if you don’t have chose .
Yeah it's a fine card! In my opinion I think if you're trying to maximize credit card rewards though, there are better options. However if you're just looking to improve your credit, totally makes sense!
You are right but big plus on this card is that it approves those with new credit history and they raise the credit limit pretty easily.
Definitely, for those just getting into the game it's a great choice, though some other card companies to consider that may be easily obtainable too are Chase, Citi, or Discover cards!
what does the credit limit start at?
@@slimtimgbn I think it’s 600 up to 650, I started this year and im already 690+
What about International fees...
It’s only good for buying apple products or with guaranteed 3% that doesn’t include restaurants because we need to focus on Chase trifecta
Yup!
I couldn't stand that it took 3 days for the Apple payment to clear in my account. I need to know my balance every day. I stopped using it.
That's odd, so you pay but doesn't tell you that you did until 3 days later?
It happens with all credit cards and It depends on what time you make the payment and it only really happens with checking accnts from big banks to make your credit card payment like chase, Bank of America exct… but I’m pretty sure you won’t experience that if you pay with a credit union checking accnt
Is it true it charges you daily intrest on a balance
💛💛✍️
Great video. New subscriber
Welcome!
This is the best card for me..Due of my bad credit
💛💛✍️
Would this be a good card to get with no one with credit?
Any credit card would be great for beginners! It also depends if you think you'll want to continue on this kind of credit card journey in the future, or keeping it simple.
For example, you could go for the Chase Freedom Flex or Unlimited to start, as that'll give you a head start on Chase points which you can use for more value when you get the CSP or CSR in the future
There’s a new sign up bonus offer if you apply for the Apple Card through credit karma. It is to spend $75 or more in a month and get $75 back. I got the card because of this limited sign up bonus through Apple.
Definitely a nice sign up bonus if you find use of the card!
@@KevinYang yes I was thinking of getting it for financing mainly but the added sign up bonus is nice to have.
They said if I make the apple card my main card I'd get up to 5 or 6 percent cash back sooo
I don’t care if there are better cards out there. There are NO better UI out there like Apple Card. The best thing I like about the UI is how you make payments. It is my daily driver until I receive my Capital One Venture X because I have to spend $10,000 in 6 months for 100,000 miles.
Bruh I thought this was a debit card 💀I'm so glad I watched this and did other research cause I was not about to fuck up my credit lmao
I have a business and spend $250 in gas per week. I buy Shell Gas Gift cards at Wallgreens for the 3% cash back. Can’t beat that!!!
Pretty good!
I got it and was surprised a bit they gave a limit of $4500.00
Did you expect more or less?
@@KevinYang seems like most people people were saying they were getting way less. $4500 was worth the bother to me. It will boost my available credit nicely.
@@lasportslive6813 Nice, congrats!
Bruh we get that most credit have these things but some of us just need to up our credit And getting small things and I don’t think I benefit much from any cash back just because I hardly buy anything on a daily basis but if I get approve or not I can’t still choose other cards people just get it cause it’s Apple and your opinion isn’t gonna change ppls minds when they already have that card
I am approved for $6k limit for this card, what if i buy a new apple phone with it $1600, and then pay $60 a month, will it effect my credit or raise it.
I'm pretty sure as long a your paying in full every month it should raise your credit
If you make regular payments on time it will raise your credit.
I dont even know what these credit card perks mean. like cash back and 2%. I just wanna build my credit.
💛💛✍️
I am a Android user . I got the apple card as I am repairing my credit. I just got a card with a 2% cash back program. But it has a lower limit. Apple/Goldman Sachs gave me a higher limit. Since Apple is including me I am planning to change my company phone to an Apple phone so I cam make use of the wallet and Apple pay. It may evolve to my personal phone moving to an Iphone. I like the Apple card's inclusivity it gives many users a chance at credit as well as a way to finance their products
Interesting strategy! It could also be that over time you can ask for a higher limit on your other cards too
I just got approved for the card. 640 fico, 6 accounts in collections. I dont own any apple devices. This card IS definitely for credit bulding and purchase in store FLEXING 💪 😂
I started with a $300 Capital One platinum card 5 months ago then got approved for 4k limit on a savorOne card recently.
Hard to believe…. Goldman Sachs just don’t give out credit to anyone
@@williamjuarez6311 it maybe hard to believe, but this is coming from someone who personally has been approved and currently using it
@@shieeetface 5 months of consistent payments can make that happen
1:20 what did say 200! Dollar bonus 🤯
Yup, that's right!
Its really hard to get approved though I have good credit and I keep getting denied
What’s your credit score
@@albertapodaca1813 the high 700s
@@breecoasta6040 that's crazy. I just got approved and accepted the offer. I have a 640 score with 6 collections in my credit report.
I can see what you mean this isn’t the best card but very minimal for all those already in the Apple Ecosystem
For sure!
Got a question for you. Seems as though you don't like apple card so much. Tell me what is a better card? What card would you go with instead??
Check out one of my other credit card videos in this playlist! Lots covered for various other awesome credit cards to get instead! th-cam.com/play/PLnXVaMqpMMOupgw9grxT3Wnphfk7nUDwl.html
He is nitciking. Unless you are dropping $10k a month on credit cards you will not enjoy any benefits worth mentioning with other cards. For the average person this is a GREAT card.
The apple credit card is t for the credit card enthusiast or those who care about a lot of rewards and what not. This is just a good overall card for everyone.
I have never heard of a credit card enthusiast in my life
@@auroradash3676 you can look at someone like graham Stephen who has considered himself one also and a lot of others have as well. There are people who are really into credit cards and like to look into them get the best out of them and almost collect them. It’s not unheard of so it’s confusing how you’ve never heard of it supposedly.
Apple is great.
It’s free, and it’s apple. So I got it. No harm done lol
Yup! No major harm for most. It's really for the min/max-ers who want the most optimal value, because there are higher ROI cards out there!
@@KevinYang We are talking differences in 1%-2% here. Unless you're dropping staggering amounts of money every month on cards they are all equal EXCEPT when it comes to Apple products and then the Apple card is clearly the best choice so in actuality it's just a good overall card to have unless you're locked into Android and never plan on buying an Apple product.
@@soonerborn9073 Yup! To each their own! If someone spends a good amount with Apple, and has no desire to go the route of other points for potential outsized value with travel, then definitely a decent card!
I love apple credit card. No late fees and helps normal people pay moderare purchases. For degenerate spenders its not their card
That's a great comparison!
@@KevinYang i love this card for the reason that i survive as a independent 20+ year old male. Paid of rent+ minor bills+ expenses+ school even with no money at hand and a 10k credit limit that i paid back slowly with reasonable interest and no late fees. I basically threw away 6 of my credit card for an apple mastercard. Thank god it exist and i think in the future corrupt politicians will exploit apple card and who knows it will mimic American express and put every american in debt
These advisers act like 97% of Americans will charge 10k plus in one slide on their credit cards 🤦♂️. Most advisors are sponsored by Chase.
Am I trippin or are your eyebrows blue?
Definitely not blue haha
Who are you to avoid this card 😂😂😂
The biggest con about the Apple Card is the installment on it. So I have a credit limit of $15,000 and if I cap out on it for installments. It actually does a ton of harm to your credit report because you’re holding onto a really large percentage of credit usage. The rule of thumb is to keep your credit utilization under 30% and although if you pay your installments on time, they will report it to the credit bureau as payed on time. But you are still holding a amount owed and it will still impact largely on your credit so it’s actually a garbage installment fraud. I also forgot to mention that when the Apple Card first released in 2019, installments and late payments was totally fine! But that was only because they didn’t report anything to the 3 major credit bureaus at the time. So I’m short it didn’t have an impact what so ever on your credit. But that all changed obviously.
The installments taking a hit on your credit score is a great callout!
Why are you capping out 15,000 on a credit card anyway?
@@Loveisfun123 I never said I capped out on it I’m saying that how much I was approved for 🤦♂️
It’s common sense for them to report the installment amount due agreement.
@@jal7068 I’m sure it’s common sense if it’s written in bold letters. It’s the fact that they try to entice and rob young people who barely have a credit history early on. Just to say hey if you cap out on your $500-$1500 credit card for installment, you get a negative feedback. Installments are not meant to affect your credit in any way unless paid late. Not get negative feedback from creditors, especially when installments are being paid on time. That’s like saying you bought a new house or a car and you got a loan but hey your loan is too large. Even though you been making payments on time we as the lenders are going to give a negative feedback to credit bureau’s, that you are not utilizing less than 30% of your loan. Simply because you are capping out your income to loan ratio.
I regret getting the apple card lol
How come you regret it?
@@KevinYang cause its a pretty worthless card and i should have done more research on better cards at the time but you know what live and learn lol
@@spencer8035 Gotcha, you live and yo learn! On the bright side, you can always keep the card open, and 3-6 months from now apply and open other new cards!
im here for the click bait
😂😂
Inconvenience
Who can afford to buy the products all at once? People get credit because most do not have the money to pay all at once, so they used their credit, and make payment on it.