Best card I've ever had. 100% geared toward the consumer, full clarity regarding interest ( when, what, where, how ), ease of use, instant cash back, etc. Go figure it's not "working out" for Goldman Sachs.
@wongster30009 ай бұрын
Sure - great card, great benefits, agree with everything but terrible experience (or no experience) if you're wanting to use it with any budgeting app. Sure Mint did the work for a one off integration, but they're not a thing anymore.
@wiryantirta9 ай бұрын
@@wongster3000 "they're not a thing anymore" thats the thing, isn't it.
@BradLR9 ай бұрын
i disaggre. people praising apple for having clear information, but that's not the main reason it didn't work for the bank. it's because everyone was approved that so many people ended up using the whole line of credit and simply not paying it back. that's where the major loss is for them. banks like responsible users, even if you don't pay any interest, they still win because the merchant pays them about 3% for every purchase you make. it's the people who shouldn't have gotten a credit card approved in the first place (but did thanks to apple) that ruined it.
@MarcusSpencer-lb8oj9 ай бұрын
This was my interpretation as well. It goes against everything they stand for as a company and it just doesn't quite add up.
@CreachterZ9 ай бұрын
@@BradLRActually, it was well known that the approvals were far more stringent than most other cards. There were many people denied who would be approved for other cards.
@talhaiqbal67989 ай бұрын
Wow it’s almost as if when someone tells you how much you have to pay to have no interest, gives you instant cash back, offers good security, and doesn’t sell your personal data, banks lose. This is more telling about banking practices than this particular agreement. This card has largely been great for the consumer and banks don’t like it.
@GotKimchi9 ай бұрын
Let us know if you can find a cc company that does all that, makes a profit, and stays in business longer than a sneeze. You won't, because no business plan can.
@saverlater1239 ай бұрын
@@GotKimchigiven how back then banks used to provide higher monthly savings rate, i wouldn’t be surprised if they didn’t do it out of pure interest
@GotKimchi9 ай бұрын
@@saverlater123 you know those monthly savings rates are based off the fed right? Fed goes up, bank rates go up, and vice-versa. And no, they aren't making money off of you from that Pure interest rate. On top of that, you are talking a different business models of banks and your deposits, not credit card lending. If you think ANY credit card lender is gonna have 0% interest, no fees, give cash back, doesn't sell your data and is going to make a profit, you are going to have a bad time. Tell me again, how are they supposed to make money under that model? You might as well sell some Crypto with SBF. 🤣🤣
@mattsantana77019 ай бұрын
Exactly. Best card I have ever had. Hopefully the underhanded shenanigans will not start up with the Apple Card once it switches to a new bank or other method for handling payments.
@yuzhang27559 ай бұрын
@@GotKimchi Quite a few banks have this type of credit card and they are making a profit. E.g. Citi double cash, Synchrony has one as well and a few others. The problem is that you cannot offer this type of product to every one and you cannot have only this type of product. As a new comer, Goldman made a huge mistake.
@Byte_J9 ай бұрын
One thing that isn’t mentioned in this piece is that the Apple card is unique in that it explicitly states that it doesn’t sell customers purchasing data.
@ufinc9 ай бұрын
and you actually believe that??
@BradGroux9 ай бұрын
@@ufinc Yes. The SEC doesn't mess around.
@Kane01239 ай бұрын
They don’t sell your transaction information to 3rd parties. Goldman, Apple and Mastercard all still had access and use of the data - so selling trend data etc… It’s sad to say but it’s still a step in the right direction.
@rnrnrkrk9949 ай бұрын
@@ufincwelcome to the U.S., the land of people eager to lawsuit you :) If any organization (private nor public) claims false promise internal/external will try to find out and lawsuit for good money. At least in the U.S., they can't kidnap like in some countries to silence people.
@YoshioAtelier9 ай бұрын
allegedly
@KubanKevin9 ай бұрын
I’m not an apple fan. But this credit card is one of the most pro consumer things they ever did.
@Phlegethon9 ай бұрын
Apple probably negotiated a contract where they took all the benefits and none of the risks or minimum risks
@brianallen46579 ай бұрын
That Goldman (aka smartest guys in the room) agreed to.
@user-ls2jg7vl2h9 ай бұрын
@@brianallen4657lol
@jesustsa19 ай бұрын
Poor Goldman! They don’t deserve that!
@itsmeprasad19879 ай бұрын
@@jesustsa1lol 😂
@MasterKey20049 ай бұрын
Kinda like a franchiser
@IppiopaidFEEDBACK9 ай бұрын
I use my Apple Card all the time, especially when I’m outside the country because there’s no foreign transaction fees. Plus you get the Apple Cash right on your cell phone, so you can use it anytime. It just happens to be the most convenient credit card that I have.
@horridachillesful9 ай бұрын
That's why they cancelling. No money being made 😅
@jkim-pz5oo9 ай бұрын
most usa cards dont have fx fees
@Gladelig9 ай бұрын
Great convenience comes with great price.
@worldisajoke9 ай бұрын
@user-sj5ju4jb7tbut all those cards have annual fee….. AFAIK Apple Card is the only credit card that provides no foreign transaction fees feature without asking for annual fee😢
@NomadicDmitry9 ай бұрын
I like it as well for travel. I see no point in using other cards internationally.
@MrX85039 ай бұрын
Goldman Sachs lost money on this deal. No fees, instant rewards, easy payments.
@chessty9 ай бұрын
They get money with interest rates
@MarlonSoWavy9 ай бұрын
@@chesstynot enough that is needed to keep investors at bay
@Afza1husain9 ай бұрын
The GS guy would have been promoted for sure..
@MarcosElMalo28 ай бұрын
There’s two types of lost money. One is “leaving money on the table”. For example, because Apple prohibited GS from selling customer data, GS considered that losing money they should have been making. The other type is operating at a loss-it costs more to sell a product or service than the product or service is bringing in. I suspect that the first type is the case here wrt the Apple Card. GS was making money, but felt it was forsaking profits that other credit card issuers commonly make.
@JohnnieV9 ай бұрын
I love this card. They are so transparent. Easy to use.
@rongriffis9 ай бұрын
That's a shame. The AppleCard is far better than other cards in almost every possible way. I use it for practically everything. I use the savings account as well. I hope it survives the divorce because i am now very spoiled by the excellent features and security of the AppleCard.
@Tarun-pd3js9 ай бұрын
That’s funny because it has some of the worst rewards out of all the cards out there. Using any existing card with Apple Pay is secure enough
@eri62199 ай бұрын
@@Tarun-pd3js it’s the only “no foreign transaction fee” card I know that doesn’t charge an annual fee. (Please enlighten me if you know other no fee credit cards). If you travel internationally, it’s a huge plus. Otherwise you need to spend an extra 70-95 dollars on a card simply for that feature.
@tag1pumpkin9 ай бұрын
Capital one quicksilver
@MLTAKOS9 ай бұрын
@@eri6219 revolut is the bank for travelling, mostly known in eu than us, look up its plan rewards
@Tarun-pd3js9 ай бұрын
@@eri6219 I personally have the Chase Amazon card, as well as Bilt which are both no annual fee cards and have zero foreign transaction fees
@casvandijk039 ай бұрын
If they go to a different bank I hope it’ll allow international rollout of the card, not just limited to the US…
@stevens10419 ай бұрын
Its one of the most fascinating cards and has a lot of clever innovations. I hope Apple can find a more suitable partner.
@rickymesa9 ай бұрын
Amex is the only one.
@jackedup4479 ай бұрын
@@rickymesa Yeah but not alot of places accept amex considering high transaction fees. It'd probably be better if the card stayed a MC or Visa considering their customer base.
@Roberto2278x9 ай бұрын
I hope Amex or Citi
@auliamate9 ай бұрын
Apple Bank coming 2025
@donaldpierce68778 ай бұрын
JP Morgan is the ideal choice. Not only did they gobble up First Republic last year, but they can run consumer cards better than Amex can and for more people.
@Daniel-it1dp9 ай бұрын
I love my Apple Card and have had nothing but great experiences with it. That said, this is the first I hear of this, I haven't received any emails from Apple about this, and I have no clue what is happening going forward.
@teng0299 ай бұрын
It was a big deal for both Goldman and Apple, but not for the same reasons. It was always going to be a win for Apple, but Goldman was always going to lose money on the deal.
@mepulley79139 ай бұрын
God forbid a "'bank" like Goldman looses money.
@sephondranzer8 ай бұрын
Nah fam, Goldman is never okay with losing money.
@joshuamichael42315 ай бұрын
Forwarded reply from the comment @finroam : Do you mean, will be interesting who will be the next "victim"? Because clearly anyone that enter that position will guaranteed to lost millions if not billions. It's not really partnership if it's not win-win rather it's a lose-win scenario. Banks are also a business Man.. if they not making any profit then they aren't a bank company but it's just a social charity who will gives away money to every people, definitely not a good business. Actually I've been thinking if apple keeps doing what their doing now to their partner bank and the next bank that will take over their position, wouldn't it just gonna damage their brand image. Well only time will tell. I hope that no any bank company will take over, so that they're not gonna end up in the same position like with Goldman Sachs... well not until they change they're terms and conditions (policies) to the partner bank beforehand 🤔😡🙄
@Sabacc9 ай бұрын
Definitely hope that a better bank can step in and keep this excellent credit card as good as it’s been for the last few years. I get the idea of staggering billing dates but I particularly love that it’s just so simple the way it works now. The statement comes on the first of next month and is due by the last day of that month. So much easier than remembering random days with other cards.
@moistpeanut59869 ай бұрын
I like the card. Rewards are not the best and you can definitely get more benefits from other cards if you look around. But the simplicity and straight up clarity of my account makes it a must have for me.
@carlsavage6149 ай бұрын
Apple is going to end up buying a bank, rebranding it and doing it themselves.
@gonzolo49 ай бұрын
And it shall be called the iBank.
@mOOOp429 ай бұрын
I mainly got the card to start the Goldman Sachs Apple High Yield savings account. I so far have moved almost 80% of my money into that savings account because my main bank does not give me anything back in comparison for keeping my money in savings. I hope that this high yield savings account doesn't go anywhere because it's a great way to combat inflation to some extent.
@stevenlin61699 ай бұрын
it's a good product/service. especially the function that allows users to change card number whenever they want
@HughJanus9879 ай бұрын
the editing of this conversation is really weird, its like they aren't actually talking
@Denver_____9 ай бұрын
I was in EU, South America, Central America, multiple countries, no Foreign fees and 2% on purchases , that’s un heard. Don’t even need to use anything else
@BeckyLL9 ай бұрын
Kind of glad to see Apple use GS, the way GS screwed consumers in the housing crisis! Always a reason to ❤ Apple!
@TWMAD9 ай бұрын
Hey, it's Apple. Think different.
@iLikeCrabrangoons4 ай бұрын
I wish more credit cards were as transparent as Apple’s. There’s a fixed amount to pay in order to not pay monthly interest charges. Very clean and friendly UI. This is what the people want.
@tonyc74358 ай бұрын
I LOVE this card and hope The features don’t change with the next lender. I love that the due date is always the same, Easy and transparent fees i LOVE the reporting… how much i spent this month compared to last month etc… It helps me budget! I have Cards from Chase, American Express, Citi etc. and none have the great reporting the apple card does.
@zane_dalton9 ай бұрын
Best card i’ve ever had. Extremely easy for the user
@IamSooConstipated9 ай бұрын
Apple has a $3 Trillion valuation. They could easily start their own financial division
@leehranicka36899 ай бұрын
Got this card right after it came out and use it exclusively! Phone notifications, phone pay, no numbers visible, changing security code, sturdy, 1% cash back, 3% cash back on Apple purchases, now with accompanying savings account at 4.4%, Apple Cash - BEST CARD I EVER HAD. Interest is within community standards but I always pay it off every month - so not an issue. Plus, I can review yearly total purchases from any source, handy for keeping track of spending, via the wallet.
@deej6289 ай бұрын
4.4? You mean 4.15?
@trailerhaul82009 ай бұрын
Apple card was much more appeal when they allow to use Apple installment plan for iPhone purchases
@sherlockholmes69909 ай бұрын
I'm not sure if you're saying that they no longer do, but this is still an option. What they changed, however, is that in order to get the installment plan you have to have one of the big three (US) as your carrier. I didn't like that at all. I use AT&T, so I'm fine; however, my mother does not use one of the big three. She still got the 3% back, though. I like that about the Apple card.
@trailerhaul82009 ай бұрын
@@sherlockholmes6990 you’re right. Unlocked version
@DBravo29er9 ай бұрын
Yep. This literally caused me to not upgrade my 14 Pro Max this year. Huge mistake for Apple. I'm on a sub-contractor (Spectrum) of Verizon. Which makes it EXTRA silly.
@crimsonglare12559 ай бұрын
@@sherlockholmes6990hey you can still do this without using one of the big 3. i just got the 15 pro max a couple days ago and all you have to do is contact the apple card team to move the purchase into installments. 0% interest and a 24 month term, just how it used to be. hope this helps!
@adamdashawn9 ай бұрын
I love the card. Transparent, easy to use, I love the apple cash feature. Best card I have.
@DeetzFlo9 ай бұрын
Apple Card is nice until you dispute charges. I’ve been re-disputing a charge for a service I didn’t receive and it gets put into an endless loop of: dispute with an agent, submit evidence, wait, get denied even after the merchant confirms I didn’t receive the service, talk to a supervisor, resubmit, re-deny, talk to manager, resubmit, re-deny, etc etc
@deej6289 ай бұрын
I’ve had two since I got the card at launch. Both resolved within a month or so. No resubmitting.
@Susanhartman.9 ай бұрын
About the current bank situation, I'm really concerned. I am worried about a lot more if a bank the size of SVB may fail. I have a friend who manages a fast-growing startup and was severely impacted by the bank run. I have taken more than $840k out of my bank. Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences. presently want to invest in the stock market. Does anyone have any ideas on how I might proceed?
@mariaguerrero089 ай бұрын
We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.
@ThomasChai059 ай бұрын
I agree, having a financial advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with an advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
@mikegarvey179 ай бұрын
@@ThomasChai05Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
@ThomasChai059 ай бұрын
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
@diane.moore-9 ай бұрын
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
@phillipbruni24349 ай бұрын
Goes to show how Goldman believes about their customers, once Goldman always Goldman
@Stack_Silver4 ай бұрын
So when did the actual split occur? Or did it? I am still seeing GS on the Apple Card.
@eliteaviators9 ай бұрын
Love my Apple Card!
@jaysonhugh66909 ай бұрын
it's very simple: goldman is not making as much money and as fast as they expected, so now, they want out
@apoclypse9 ай бұрын
I love the Apple Card though.
@tonglu36999 ай бұрын
Yeah, me too. But I think that’s the problem, from the bank’s point of view. If we love it much, how happy can the credit issuer be?
@raider23able8 ай бұрын
Why doesn’t Apple just become its own bank or lender
@JHJohnson9 ай бұрын
I love this card and the savings I am building by using it. I hope that doesn’t change
@benjaminlehman32219 ай бұрын
The Apple Card is exceptionally average. Very simple to use in a very Apple way. I definitely recommend it if you like Apple Pay, especially on an Apple Watch.
@skinykeny9 ай бұрын
I don’t necessarily get the first reason. I mean approve people for as little as $400 rather than $2500 or $5000. As for the on time statements…mortgage statements come out on the same time for everyone, not sure what the big deal is.
@ghstbird33389 ай бұрын
I ❤ the look of the actual card and I love 💗 using it more than my AmEx….. that AmEx that I hand over $250 a year for just membership 👀. Probably cancel that nonsense.
@joshs39169 ай бұрын
Will be interesting to see what happens. Heard about the nightmares dealing with Goldman and glad I passed on getting this card. Maybe the next bank will be better? I won’t hold my breath.
@DensDigitalDen9 ай бұрын
Apple is meant to be a global player, but so many of its services are not available globally. Never used the card, but would have if it was available in Africa.
@isaacbello1279 ай бұрын
I think you need to re-educate yourself on what Africa really is.
@frenetic10579 ай бұрын
@@TettyBoyFloyd Stay ignorant, I love that for you.
@DensDigitalDen9 ай бұрын
I think your perspective is colonialist. Africa has been through a lot, but has a lot to offer. Major companies operate in Africa and benefit from it's resources. @@isaacbello127
@DensDigitalDen9 ай бұрын
Not at all. I write this message on my MacBook Pro.@@TettyBoyFloyd
@weird-guy9 ай бұрын
Not everyone in Africa is poor although compared to other continents its poorer on average, they even do the American style of separating the rich from the poor. Keep up boy
@TheWolfHowling8 ай бұрын
Probably Stupid Question. Would it be possible for Apple Inc to create their own Financial Institution subsidy? To act as the "Bank". What would the potential regulatory hurdles be to this approach of taking the credit card in-house?
@samrod28328 ай бұрын
Wouldn't go so far as saying this is a pro-consumer credit card. Ask those who failed to make timely payments during COVID and had to deal with the high-interest charges. Because it was associated with GS, the consumer could not transfer the balance to a low-interest card to make payments and prevent high-interest charges on a monthly basis.
@dsouthernflyboi8 ай бұрын
My favorite card. I agree that should be more give on Apple's part like the billing date. Either make it easier on Goldman or Apple should help with the billing questions. Which is what i though they did already.
@ghstbird33389 ай бұрын
I don’t understand WHY it’s a big deal whether I pay my balance at the end of the month or two weeks into it. The same amount of money is going out whether it’s on the end or on the 15th. I also don’t understand people who cried about getting paid each week, every two weeks or monthly.
@TWMAD9 ай бұрын
All billing cycles are different. It's a good question though because I'd love to see every customer change their due date & make it the same day so everyone under the credit card has the same due date.
@LuisTrey9 ай бұрын
They should just partner up with AMEX. Even though AMEX isn’t accepted everywhere it would mean people won’t be spending money they can’t pay back like crazy.
@ijchua9 ай бұрын
There is something wrong with the audio from Annamaria. It's hard to make out what she's saying.
@Screenload8 ай бұрын
Would be great to see this in europe. But unless people start dropping the cash mindset…
@jayelwin9 ай бұрын
Holy vocal fry, Batman!
@jitterrypokery15269 ай бұрын
Goldman is going to regret this decision
@daveSoupy9 ай бұрын
It is so nice to have a monthly statement and I never really appreciated how nice that was until the thought of it going away
@testrun9619 ай бұрын
We need ‘Apple Bank’
@DanaTheInsane9 ай бұрын
It’s my primary credit card! What are they gonna do?
@BradLR9 ай бұрын
people praising apple for having clear information, but that's not the main reason it didn't work for the bank. it's because everyone was approved that so many people ended up using the whole line of credit and simply not paying it back. that's where the major loss is for them. banks like responsible users, even if you don't pay any interest, they still win because the merchant pays them about 3% for every purchase you make. it's the people who shouldn't have gotten a credit card approved in the first place (but did thanks to apple) that ruined it.
@matt-30-9 ай бұрын
This should be the top comment. It’s the sad truth. Apple wanted GS to approve subprime customers because they felt it wouldn’t be good for their brand if people were denied. Very short-sighted. Otherwise, maybe GS would have stayed in consumer banking.
@MarcosElMalo28 ай бұрын
But this isn’t actually true.
@Spicyasiantexan9 ай бұрын
wait so what’s gonna happen to my apple card? does that mean it’ll be declined or what’s changing for the customers who actually use the credit card?
@arcticredpanda45989 ай бұрын
You guys present this news like it's office gossip.
@MXALOVE9 ай бұрын
Because Banks cannot operate when they are for the consumer. They will always fail because of how banks work.
@maxpayne74199 ай бұрын
Excellent interview 👍
@RobertoLicardie8 ай бұрын
Makes me wanna get a apple cc
@chriss22959 ай бұрын
Another credit card servicer is not going to be a problem. Amex, Citi or Chase level companies could absorb all the business.
@smks8er9 ай бұрын
If and when apple changes servicers will I need to stop all my subscriptions and restart them? what a pain. All subscription purchases by default go on my Apple Card as do any financing agreements for large apple purchases. what will happen to those customers on multi-year financing agreements, will there agreements easily transfer over to whatever new servicer they choose? Will we all get new cards or keep the same physical ones?
@tuckerpowell10909 ай бұрын
But what happens with a savings account? Will i have the chance to take my money out or will it just transfer to a new bank??
@ivanyashchenko7909 ай бұрын
What about collaboration with Chase? It’s should be powerful
@staytuned.2639 ай бұрын
Apple should just be the lender. They are the most valuable company and have toms of cash on hand.
@joecampo17709 ай бұрын
Apple can’t do that would additional banking scrutiny. Apple wants to reduce the risk, even though they are financially capable of floating the money and put the risk on somebody else yet benefit financially. I hope that makes sense. I apologize if it doesn’t.
@heythave9 ай бұрын
Thanks for the news.
@bigrich4395558 ай бұрын
Best card I have. Apple helps you avoid paying any intrest.🥰
@larryslobster78819 ай бұрын
why doesn't apple just front the capital, they would be the best rating agency with the data they have
@billmusik97949 ай бұрын
Am I going to lose my Apple Card??????
@TWMAD9 ай бұрын
Just don't lose your marbles
@owlsonik379 ай бұрын
No fees?!?! Hahahahahahah, they're getting their fees with the sky high interest rates.
@RolandKoller909 ай бұрын
It’s hilarious how trading and bartering evolved into money. We now let others manipulate our money and agree to interest rates. It’s insane and interesting at the same time how we agree on value of money as well.
@DavidKen8789 ай бұрын
Anyone remember when that dude went on that HUGE Twitter rant accusing the Apple Card of being sexist because he received a higher limit than his wife?
@TomXander5629 ай бұрын
Why does the conversation between the two individuals sound AI?
@antoniorobinson58919 ай бұрын
Well, now I may actually be able to apply for the card and get approved! 😃😒
@stevenwymor13989 ай бұрын
I hope Apple goes with Morgan Stanley / E*Trade Bank for their new banking institution. Seems like there’s better synchrony there. But Apple definitely needs to allow the banking side to do rolling payments. I actually hate having my Apple Card due on the 1st of each month. I’’d rather pick my own statement date or have one randomly assigned.
@sherlockholmes69909 ай бұрын
I also don't care about the timing of my statements. I'm not certain why it was such a big deal for Apple to have statements on the 1st. I can only see it as being a very, very minor convenience for someone.
@SoftTofu1239 ай бұрын
Unless they are dumber than Goldman Sachs, they wouldn't partner up with Apple with the contract that's same or similar to what Apple had with GS.
@User-wt9jk9 ай бұрын
Ok you get randomly assigned the 1st
@matthewp16829 ай бұрын
Does the date really matter? I mean your payment will always be a month apart regardless of the date
@heythave9 ай бұрын
For Apple to send the letter to Goldman Sachs, they must have already has someone in mind.
@danedawg1009 ай бұрын
Love the choppy audio with no subtitles
@richardc51008 ай бұрын
Welp guess I’ll get the Amazon card if the Apple Card falls
@yjk949 ай бұрын
So… if they split… then who’s backing the Apple Card right now.. I don’t want to lose this card.
@carl99019 ай бұрын
there was so much potential in this but nothing happened on the techside after it launched, not the financial planning but with tons of functionality that I expected, just another creditcard, perhaps with a little bit better realtime update and transparency on interest charges. The customer service sucked because you got bounced between apple and goldman. apple needs to start working on innovation again.
@zane_dalton9 ай бұрын
In my experience customer service was absolutely phenomenal and fast. Transparency was top notch. Super easy to do everything through the wallet app. I’d recommend it to anyone
@joep88309 ай бұрын
So are Apple Card users going to get canceled ?
@gavinathling9 ай бұрын
Doesn't it seem likely that, if Apple gave Goldman notice, that they already have another partner lined up? The lack of foreign transaction fees, plus the 3% cashback in certain circumstances, are why we have an Apple card. All other payments go on our Amex.
@katerinav97319 ай бұрын
Same here. My Apple Card is also the backup for when a merchant doesn’t accept Amex.
@Wiseguy11389 ай бұрын
I guess this means we'll never see the Apple Card outside of the U.S. in other countries like Canada. I would have cut up my other cards to get this one if it was made available.
@vincentschulz93559 ай бұрын
Apple has so much money they could be the bank themselves
@AlternateCurrent.9 ай бұрын
If this was Tesla nothing would have been left unturned in this conversation. Fact!
@safeman1x9 ай бұрын
I wouldn’t be surprised if they just did it all themselves. They have money it’s just a matter of getting that type operation underway I’m sure.
@godzillamothra59839 ай бұрын
the fact is goldman benefit little from it, and apple has more leverage. It is easy for apple to find other bank to partner with
@epbrown019 ай бұрын
Won’t other banks have the same problem?
@connordavenport38089 ай бұрын
@@epbrown01 The thing is that Goldman Sachs isn’t necessarily “losing” money as much as not earning enough for them. There are plenty of other banks that are very much willing to take priority on the amount of credit card holders first
@jetbot339 ай бұрын
Wow this video didn’t explain anything
@rotcivg599 ай бұрын
So do I make my payment or not?
@UpNorthMI9 ай бұрын
Well done as always.
@shahaed9 ай бұрын
The amount of people in the comments with Apple’s boot down their throats is nuts
@RA-dh1tb9 ай бұрын
The only bad thing about the apple card is you can't tap the card to pay.
@jlrubiovicente9 ай бұрын
To encourage you to use your phone instead.
@keenanvandeusen9 ай бұрын
Well, it would require an NFC chip which means there would be a thin layer of plastic on the back of the card (like Amex) to house the chip and it would therefore not be 100% titanium. Additionally, the NFC chip is an added security risk for attackers to copy the card info. Finally, the lack of NFC and the 2% cash back for Apple Pay encourages the usage of Apple Pay, which is extremely secure and is what Apple ultimately wants. I'd argue the Apple Card, physical and digital, is the most secure card that exists for a number of reasons. (I'm a security engineer, that's why I geek out about security)
@weird-guy9 ай бұрын
Doesn’t have nfc in 2023 they really want you to use your phone , i doubt that apple card is the most secure, unless thieves are going to carry around a pos device you are safe also you can’t copy a bank nfc unless someone been lying all this time.
@inferno30809 ай бұрын
@@keenanvandeusenshould you always lock your credit cards when not using them for added security?
@wrnowown9 ай бұрын
It’s great but i have another card on default now because of shakyness
@dizmix9 ай бұрын
The card itself was made of aluminum.. swanky
@RAGordy9 ай бұрын
Titanium
@maestrovso9 ай бұрын
@@RAGordy I hate it for it being so thick. I never carry mine but just use the watch.
@RAGordy9 ай бұрын
@@maestrovso ikr. The entire implementation is truly Apple. They make a card out of virtually indestructible titanium and then say “hey, you never need to use it though“. Mine is still in the swanky cardboard box it came in.
@entezami7779 ай бұрын
Titanium
@phongkanphay9 ай бұрын
So what is gonna happen now to the Apple credit card?
@ufinc9 ай бұрын
it'll be useless by next year
@t-z56939 ай бұрын
Tim might as well just finance the next card himself
@j562gee0hdeewestsdegethemuLa9 ай бұрын
So pretty much we just wasted 7 minutes
@ScottsBranch9 ай бұрын
So, is my Apple Card still good to use moving forward?
@sour7lemons9 ай бұрын
I would be interested to see the cards popularity compared to other store credit cards
@rickard20149 ай бұрын
If that had released in Brazil through a Fintech with the insane interest rates allowed here, it would simply be a money printing machine both to apple and to the partner bank
@PhiLLyPhiLLz9 ай бұрын
So what does this mean for us to consumers? You guys failed to mention that.