Apple Card

chartier,
@chartier@toot.cafe avatar

Re: . I’ve heard one thing Goldman doesn’t like is the fact there are little to no fees, not even late fees.

So what’s the largest revenue generator it has - balance interest?

Then how is it apparently losing money? Are not enough people keeping a balance?

qlp,
@qlp@linh.social avatar

@chartier Sample of one, etc.

I use my Apple Card primarily for purchases at the Apple Store for things like my MBP, iPhone and Apple Watch. All of which, are no interest for y months. I get 3% "cash back" that I transfer to my checking account.

I pay the required monthly balance plus any amount that I purchase during the month and end the billing month with zero balance before the next month's installment are added.

jann, (edited )
@jann@twit.social avatar

@leo Re: the and your discussion a couple of weeks ago on , as an holder, my husband and I do NOT keep any balance. We charge ~$4000/mo and pay it all off each month.

@briannawu

jann,
@jann@twit.social avatar

@genecowan Wrong! I'm still getting it. I'm just paying $20/mo extra now! I did NOT switch away from

genecowan,
@genecowan@mastodon.social avatar

@jann Well, then that's an extra 40¢.

itnewsbot,
@itnewsbot@schleuss.online avatar

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card - Enlarge (credit: Apple)

Apple has repeatedly trumpeted the suc... - https://arstechnica.com/?p=1987040 ⁢

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