Image by Apple
There has been a lot of buzz since March about the Apple Card. Since it was announced that Goldman Sachs was partnering with Apple on the card, I figured it would cater to the premium crowd, offering credit limits of $20,000. I received my early access invitation and applied for the card on August 16. It was a very easy process. It took about 2 minutes for me to apply and be approved. It will take about a week before the physical titanium card arrives. So what do I think about the digital-based card"
I love the fact that Apple is being innovative, as usual. Once I added the Card to my Apple Wallet, it was ready to use. Apple scores huge points for catering to convenience, simplicity and readiness. However, what surprised me about the Card is it is being marketed to the subprime crowd, those with credit scores below 660 and who qualify for credit limits as low as $250 and an interest rate of 24%. This leads me to believe that the benefits and service are probably not going to be on a Goldman Sachs premium level.
Will I keep the card" Yes, since it is free. Plus, I plan on only using the card for my Apple Pay purchases, which is only 1% of the purchases that I make.
Mistress Susan Secret Tip: When you agree to this card, you agree to arbitration. I opted out of arbitration because I believe in holding companies accountable if there is a mishap.

...