Apple_Bar

tjwolf said:

I've had the Apple Card for 2 weeks now.  Today I began to wonder how I'd pay it come September 30th and found out something that wasn't made very clear during sign-up and which you might find useful to know: you pretty much have to either give out your bank routing #/account # or pay with a debit card or with Apple Cash!  I didn't want to do that, so I contacted Apple Card support (right from within the Wallet - nice!) and eventually spoke to a Goldman Sachs supervisor.  I asked him where my account info will be kept - on my device or on Goldman servers.  Answer: on Goldman Sachs servers (encrypted of course).  I told him that I had prior bad experiences in which a company withdrew (accidentally) more money from my account than it was supposed to, leading me to write a check that bounced - and pay a penalty.  And, besides, I didn't think it was very secure - especially for a card that's supposed to be ultra secure - to keep such information on a server where it could potentially be hacked.  I insisted, therefore, on a mailing address.  Which he gave me - but which is not given anywhere in the Wallet app AFAIK.  In case someone wants to pay their CC using online bill pay like me, here it is:

Goldman Sachs Bank USA
Salt Lake City Branch Lockbox 6112
PO Box 7247
Philadelphia, PA  19170-6112

That address seems awfully weird, but that's what I was given.  Anyway, I thought about it some more and I think what I'll actually do is simply open another account with my bank and when I want to pay my Apple Card, I'll just put enough money in it to cover my card payment.  I'll enter that bank account # into Apple Card for payment.

So...you trust them with your Social Security Number, DOB, Address, Telephone, Income Data, Transunion File? (because YOU started the application and willingly provided the data)

but when it comes your routing/acct# they are the worst???

Guys, start fighting the paranoia with logic.

Plus I doubt GS is available to be paid electronically through any Bill Pay service so you will have to add it manually meaning a check will be cut and mailed. Good luck  waiting all that time for a payment to post increasing the chances you will get hit with finance charges just because you didn’t trust the Wallet ACH option.

macgui said:

tjwolf said:

Goldman Sachs Bank USA
Salt Lake City Branch Lockbox 6112
PO Box 7247
Philadelphia, PA  19170-6112

Thanks for that. I'd prefer to use my bank's bill pay. The downside is it's probably slower than using the Apple Card app.

I'll go through the setup to see if that address shows up. I've got a store card that has 10 different addresses depending on where you live you are to use a specific branch. 

Note that if you want to opt-out of G-S' forced arbitration, this address is where you send your written request.

You know you can opt-out through messaging and then you can screen shot the confirmation of the exchange between CS and you regarding the arbitration. Much simpler than mailing...

Folio said:

Not yet signed up, though 99 percent sure I will. My one concern is TMI. I don't want my balance info etc in my face everyday. I'm hoping that's not the case. That it can be as unobtrusive as the existing cards in my Apple wallet, if I wish. And balance notification pops up on due date; rest of time only pull, not push.

TMI? lol 

You will not have your balance on your face everyday unless you look for it. You know the same way you don't know your bank checking/cc balance unless you open/login the bank app? 

You can Apple Pay the same way you are used to with the other cards you may have BUT if you open wallet then start digging behind the pretty colors of the Apple Card oh no! you may see the balance or worse the due date!

Whether people like it or not the Apple Card calls home the Wallet App

chemengin1 said:

StrangeDays said:

rob bonner said:

Not trying to be negative on this, really asking.  Why would anyone want this card?  The rate is pretty high, the integrations are interesting but don't really add that much value IMO, and I can use Apple Pay with my existing card.  What is the draw?

2% cash back on NFC, 3% on all Apple products and services, no annual fee. Why wouldn’t I want to use it for my Apple Pay card?

That doesn’t mean I’ll use it for everything, of course. 

The interest rate is quite poor (24% for good credit), but I don’t plan to carry a balance. 

At least 3 cards available today offer 2% cash back on NFC AND non-NFC purchases.

Apple products can often be found on Amazon at equal or lower price than Apple.com and paid with Amazon Credit Card for 5% back.

Itunes gift cards can easily be found online for at least 5% off.

So what's the advantage?

Good that the word use was OFTEN meaning not always and then you have to wait for it to arrive if you order on Amazon etc etc etc

itunes GC at 5% (too expensive when they hit 15-20% thats when I get them...)

other cards available that offer 2% suuuuuure I agree BUT when you earn those 23 dollars of cash back on the Citi Double Cash can you redeem? or are you force to keep earning until 25? Same with Amex Blue

Another point is international traveling:

I like to use dif cards for dif rewards while in the US but I dont care about shuffling cards while on a once in a lifetime destination. For the longest time I want a single card to use while on trips and the citi dc would have been perfect because  2% on everything is better than no rewards at all but I cant use it because all those cash back cards have a 3% fee. So here comes the Apple Card with 2% on Apple Pay with no fees while abroad. Interesting Apple Pay/NFC while abroad is easier you don't get that awkward look from cashiers of “why is this person waving the phone at the terminal” that you still gets in the US like they never heard of nfc payments. 

rob bonner said:

Not trying to be negative on this, really asking.  Why would anyone want this card?  The rate is pretty high, the integrations are interesting but don't really add that much value IMO, and I can use Apple Pay with my existing card.  What is the draw?

You can’t use the “rate” as a valid reason. That rate range is pretty standard and will depend on the individual score. 

Others claim there are lower than 12.99 with other institutions? I agree BUT even though I have a Credit Union cc with 6.99% I rarely use it and for sure don't trust it to be my card on an international trip. It shows the name of the cu on the card but it is managed by some company out of Dallas with no 24/7 CS which is very inconvenient and not reliable.

Integration to Wallet? A lot of people will find appealing that every piece of information about your credit card account is there without a separare account login, app, web.

Another thing some people will find useful is how the app guides you to pay x amount for you not to incur any additional charges. I like to see the Chase, WF, BoA, Cap1 notifying their customers “hey we don't want you to pay us interest so pay x amount” Again I know that people claim they pay everything monthly (doubt it) but the core of customers carries a balance month to month...

Google a few articles on how much debt customers carry on the popular Amex/Delta cards (so it is costing them to earn a few miles 🙄)

or do people think banks will offer credit cards if 100% of their customers pay everything up front