sidewalksurfer

I got the Apple Card, and used it three times before closing the account because it is clunky and a hassle to use - especially as a tool for managing my expenses.  I have plenty of other choices in my wallet that offer similar rewards when I shop at Apple - all without the hassle.  As far as losses, not surprising.  It has all the appearances of the rookie mistake of approving too many risky credit card applications, combined with not enough low-risk users making lots of purchases with their Apple Card.  The sad part is that GS is going to suffer the same fate with its new GM Mastercard that it bought from Capital One.