DON’T get the Apple Credit Card: Full Review – What Apple DIDN’T say!

a great deal of people are baffled withthe Apple credit card and they might have a good reason to be today I took alook at the terms and conditions and truly looked at the fine detail andafter looking at it guys you are able to not want to pick up this poster I’ll tell youexactly why with all these reasons now hey guys it’s Tre for money growthAcademy where we demystify simplify and multiply your earnings possible solet’s just jump in this to day what’s going on with the Apple credit card aswe look at the penalty details and that little engrave in the terms and conditionsnow right out the entrance is the card for everyone know the cards not for everyoneI know during the Apple launch event it constructed it seem like this card was gonna bedelivered to everyone out there and any person who is owned an iPhone or Appledevice could apply for this titanium card people that’s not how it toils likeany other credit card you’ve got to actually apply for that credit card andyou’ve got to have the qualification you’ve got to meet their requirements inorder to get that credit card so it’s gonna come down to your credit orchestrate ifyou’re gonna be able to get accepted for this card so just right out of the gatethe cards not for everyone simply because you have an iPhone does not mean thatyou’re going to get one of these cards so during the large-scale contest on stage theysaid that it was unlimited money compensations well that comes with a little caveatbecause there is a limit for the unlimited cash payoffs well if you spenttwelve thousand dollars buying Mac computers for their own families at the storeand got three percent back you would earn three hundred and sixty dollars inreality though your limit is set by your credit limit on the credit card if yourlimit is six thousand dollars you’ll simply be able to earn a hundred andeighty dollars back until the next billing cycles/second so there you guys have itthere’s not unlimited wages it acts like any other system it’s gonna go byyou know what is the limit that you have on your card you can max that out butonly to that degree so there is a limit on the unlimited cash daily payoffs solet’s talk about the Apr rates because during the actual event they don’treally cover the Apr rates and no one ever wants to cover those because thosearen’t sexy and they don’t sizzle but now they’re so like any other creditcard company Apple’s gonna have higher interest rates for parties that areactually carrying a balance now what they did liberate is they said that userswill pay an APR between thirteen part twenty fourand twenty four level twenty four percent based on an individual creditscores so I can’t tell you you know what side of the range you’re going to beon that’s gonna really depend on what your current credit score is and thatworks like any fellowship guys they’re good they’re gonna charge you a differentinterest rate depending on what your credit score is now it’s a wider rangethan most business in the industry which is good if all’s we’ve gotthirteenth all the way to twenty four percent so that’s a fairly wide one ifyou look at other credit cards it’s not that wide so this is a good range andfor people with great credit values you know Apple could actually be a gooddeal because you could land at that 13% side of the spectrum and because applesinterest is significantly lower than that national average so the nationalaverage is about seventeen stage six seven percentage so you can see that thisis really falling below that average and it’s possible that beings in the mid 600 to low-grade 1600 s are really be able to get this placard we won’t know until westart hearing reports coming out but I think it’s highly possible that peoplein the low-pitched mid 600 series ascribe composition will be able to get this card so I didsome delving because I genuinely wanted to figure out does Apple have the lowestinterest rates in the industry and now it doesn’t and there’s a lower poster inthe industry and it’s pin fed promise Visa card and its eleven pitch ninepercent and it are exactly no costs no annual reward no late cost no cash advancefee no foreign event cost and frequencies as low as eleven extent nine percentage butthere’s no money back offers though so it doesn’t have some of the perks withother placards but it does have a low APR it the applecart still is probablybetter than this pin fed card but just trying to show here that there are cardsout there that are lower than what Apple said was the lowest in the industryalright so how about the feast because that was a big point that they talkedabout on this stage was no costs is that true-life let’s look at the fine print sothere is a catch last-minute missed fees are gonna resultin additional interest towards your counterbalance so you won’t ever get a twentyfive dollar late cost but it will be added to your interest okay and that’ssomething to pay attention so Apple is just not giving away free coin with noconsequences that money instead of being a late fee is just gonna roll overto become additional interest on your counterbalance now here’s the interesting thingthat we don’t know will that interest rate that they’re charging be temporaryuntil you pay off that specific balance right there or what happened be thatyour interest rate overall is gonna increase so let’s say I was out of 13% you know APR with the Apple credit card and I had a few late pays during theyear you know I’d miss those back but I eventually got it done does thatmean for the following year or the following months that they’re gonna jackup my APR annually to now be instead of 13% to be like 15% now we don’t have thefull details on what’s gonna happen with this but that’s a big possibility and Iimagine that’s my that might be what they actually do because there’s got tobe some kind of deterrent they’re not just gonna tell on this fund withoutfree concert without consequences so that’s something to kind of check outfor and look merely pay your credit cards chaps make sure to pay them and therewon’t be any consequences now there are rewards for certain events eventhough that they said there’s no rewards there are some fees for deals soApple will bill a 1% cost to make an instantaneous transmit from Apple pay toa debit card so if I wanted to move my Apple pay cash to a debit card I’m gonnaget a 1% fee and that’s gonna max out at $10 now here’s the thing if I do directbank transportations from my Apple pay to my bank or ACH I’m not going to get chargedit’s only if I’m moving that fund to an actual debit card am I gonna hit gonnaget hit with that 1% so in essence the Apple card doesn’t have fees but applesadditional business do have reward so that’s something to also kind of take alook at and be careful with all right so let’s talk about the security and fraudprevention of this poster because Apple genuinely various kinds of stressed this during theevent that this was a big major selling object for the card and we are familiar exactly fromexperience in using Apple products that Apple obviously is one of the frontleaders when it comes to privacy and security for its customers so that’ssomething they’re kind of really clinging on to but I want to readsomething by Catherine Hutt from the Better Business Bureau she agreed withApple’s move to remove the information from the card that style someone who foundyour wallet can’t depart items online before you cancel it andshe’s under the belief that this was actually a very smart move and she hopesto see the rest of the industry begin to make this move when they remove all thisinformation off the card that route if you did lose your wallet you know how to arestaurant or somewhere and someone picked it up they couldn’t make a bunchof online accusations before you had the chance to cancel it so she did praisehim for that but Hutt said Apple card carriers still need to be careful afraud prevention and the reason for this is is she mentions that the actualbiggest way that these scammers are getting into placards is getting intophones for example and using weak passwords right so it all starts withthe phone someone gets ahold of that telephone you know there’s alternative thatthey can break in if they are aware those passwords so you’re going to need totake a look at that make sure that you have secure passwords on your devicesthe other thing was one of the large-scale procedures that scammers use is phishingso that’s when they call you or I a scammer calls you and pretends to be abank or the IRS or someone it starts to kind of fish out your intelligence fromyou so that you supplied with your credit card information so you stillhave to be you know on the lookout you still have to be on the lookout forthese scammers and whatnot don’t get totally loosened because Apple can’tprotect you if you entrust you know over your information so just take a look atthat so what about the cash back is it as great as they’re making it out to bebecause they kind of made a a big racket about this money back it’s gonna be 3% cash back on Apple products 2% back on anything exercised Apple pay for and 1% backon anything you actually use your physical placard for now 2% I’ll give 2% and 3% the working day over 0 percent but its 2% and 3% really that great when we kind ofget into the details here and I’m gonna indicate you something so if you’re familiarwith credit cards you are well aware a hard poster to beat is the city doubled cash cardit’s 2% money back on everything and that’s regardless if the broker hasApple pay so if we were in an Apple store buying an iPhone what do we useour Apple credit card or our city doubled cash credit card if we use the Applecard we get 3% back which is one percent more than what Citi double money wouldgive back so to go with Apple then here’s an example why it might still bebetter to use the city car and forego the extra 1% from Apple allright so let’s take a look at this all right so we’re gonna buy the iPhone thefirst sample we’re gonna use the Apple card so I’m gonna buy it for onethousand three hundred and forty nine dollars okay awful then of course onyour iPhone you’re gonna drop that chump so you need to get AppleCare onthat so if I get AppleCare on that through the supermarket there’s gonna be onehundred and ninety nine dollars okay so that right there is gonna bring my totalon this acquisition to one thousand five hundred and forty eight dollars so withthis Apple purchase I’m gonna represent that 3 percent back okay so that meansthat I’m going to get let’s see three percent I’m gonna get forty six dollarsand forty four pennies back from Apple on that okay so that’s going to be my threepercent back that I’m gonna get so that wreaks my overall total if I subtractthis right here from my total that’s going to introducing it to one thousand fivehundred two dollars and forty four cents and that’s going to be the total thatI’m gonna pay for that Apple card all right so let’s see howthat really likens up to the city doubled currency and I’m gonna demo you whythis is gonna be really interesting so if we go to the city double money whatwe’re gonna notice if I buy the same exact phone one thousand three hundredforty nine dollars and zero cents okay now the interesting thing with thiscity double cash is if you actually do have to opportunity to get this poster youshould probably get it because I’m going to show you exactly why so in thatwarranty section I’m gonna pay zero dollars and the reason I’m gonna payzero dollars for this is because I get a two-year warranty from City on this nowthat warranty does cover whatever electronics you the electronics you’repurchasing so I don’t need to buy that Apple care because I’m going to becovered by city’s double money warranty so inessence I’m gonna save 199 dollars on that so on top of that I’m gonna come my2% back on that purchase cuz the city double currency gives you 2% back alright sothat’s gonna wreaking my total now on that 2% back I’m gonna come let’s see that’sgonna be cool $26.98 is what I’m gonna get back alright so if I take thatsubtract it from my total right here that’s going to give me let’s calculateit all out one thousand one hundred and twenty three dollars and two cents okayguys now if we take both sets of and we subtract what those were going to belet’s see what a savings that is that is a total savings of three hundred andseventy nine dollars and 42 pennies of savings can you guys ascertain why it would beso important than in such a situation where the Apple card actually isn’t thatgreat of the lot and the city doubled cash is actually a lot better dealbecause with the city cash the perks that I’m getting right so I’m gettingthe two percent and I’m too coming the benefit of having a full assurance with thisall right so I’m getting the warranty perk with this so it really doesn’t makethis Apple car look that pleading even in the Apple store where they’re givingme 3% back it’s still better for me to go ahead and go with the city doublecash so that I can get that three hundred and seventy nine dollars andsavings because I don’t have to pay for that right there anymore for thewarranty and I get to apply that claim back to my savings so I see Appleduring this launch genuinely lowered the lump with this card and obliging itsomething amazing there’s no signup bonus so there’s nodraw to genuinely come to this card and I think that’s going to turn off a lot ofcredit card churners people who really you know sign up for these bonuses anduse the cards and whatnot it’s not going to appeal to these individuals and Ithink something that they could have at least out if they didn’t do a sign upcash bonus like moe the industry does out there I thinksomething that would have been really cool is if they would have had anincentive if you signed up for this card you were able to get a discount of some sortsome percentage off on some Apple product whether that’s you knowencouraging to come in and buy a brand-new iPhone 10 s you know and coming 10% offor 5% off that what that would haven’t been good but there’s no signup bonus tothis and so that’s where I thought they truly sagged the dance with this wherethey could have done something very unique with this card during its launchto returning more parties in one to incentivize more sales of their servicesand concoctions but too to encourage people to sign up for this card and Idon’t want to beat up on the Apple car too much because it does have somepositive things about that and there’s a video right here that talks all aboutsome of those positive things with this card that they’re doing that’s veryunique that I think is great for the industry one thing that I really likedwas the payment remembrance notifications so you can stay on track and avoidinterest charges it’s gonna help people certainly stay out of debt and I I’m reallyexcited about that because that’s one thing that a good deal of parties stumble withis they just forget to make a payment so the fact that I can get a pushnotification right to my phone and it’s right there in order to be allowed to spawn thoseinstantaneous remittances I enjoy that I think that’s gonna help people outanother positive with this card is to simplify due dates so with this cardit’s gonna be due at the end of every month so no dicey you knowyou know the 23 rd of each one it’s gonna be right at the end of the month and youcan also set up weekly and bi-weekly pays so that you can really kind ofaccelerate the pay down of that interest and I like this simplified visualpresentation of your interesting of your payments because I think it’s reallygonna help people internalize and envisage what they need to pay off howmuch money they’ve actually genuinely expended how much coin of interest are theyactually incurring and it’s kind of like mint when people that use mint theybecome a lot more financially responsible and I think that’s what thisApple credit card has the potential to do is to help a lot of parties becomemore financially responsible and get out of debt a lot faster now one of theother positives to this card is the push notification so there isn’t a purchaseis seen you’ll get a push notification also if any bizarre commissions pass you’regonna get a push notification now why that would be so helpful to me and why Iwould have cherished that a few cases more ago is one of my posters went hacked into aVisa card went hacked into these people down in Brazil made about a thousanddollars and I didn’t know about it my business partner actually caught theerror in our credit card statement it was a card that we don’t give often wedon’t look at but he saw that these prices had actually resulted now Iwould have never known if I didn’t go back delving into those statements so itwould have been great to actually have my institute let me know but visa andmy bank even though the charge was so uncommon and it was in Brazil they didnot notify me about this I had to go find at my partner how to go find it inour actual credit card accounts so I really like that any singular indicts andall my acquisition notifications are gonna puff right up on my phone right on myscreen so I can see in monitor and have that security and comfortability ofwhat’s going on with my credit cards at all times alright to wrap all this upone thing you’ve got to understand about this Apple credit card is it’s meant forthe mass grocery it’s meant to change you know the credit cards out there thatare from crappy banks that don’t really is everything for the consumers that’s whothis card’s meant for this card like you know the Apple computers and all theirother inventions aren’t built for or not meant for any specialized subcategorygroup right they’re not for some special research or credit card churners that’s notwho this card’s for this card is meant to replace crappy credit cards in themarket and to be beneficial to the consumer that’s who this cards for so ifyou’re serious credit card churner don’t even go for this card it’s probably noteven worth the credit card inquiry because the payoffs aren’t there but ifyou’re just you are well aware a regular being out there and you just want to replaceyour other bank card that’s not giving you much back at all you might want toget this card I think it’s a really great mind and I think it’s gonna helpyou pay down that interest a lot faster and the cards are really going to be aBennett for for people who previously are inside the Apple ecosystem already havethings synced up with Apple and genuinely enjoy that simplified you know kind ofunified use within the Apple ecosystem thanks for watching chaps make sure tosubscribe down below and while you’re here take a look at all of our othervideos on the channel they’re really helpful videos that I conclude can helpyou guys make sure to watch this video right here if you’re interested in thatApple card where I talk about a good deal of the benefits of that card and who it’sactually good for thanks for watching chaps pleased to meet you

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