@@yugiohpokemon5285 It is the same thing. First, they will use personal data from apple on your behavior to decide whether they will give you the acess to that card. Then, Goldman Sachs will securitized all the apple credit card debts into a pakage and sell them on the market used the same method they used in 2008.
I owned a car lot and banks have been forced to give subprime loans. Not enough customers with great scores these days. Student and Medical delinquent debt is rampant.
Using credit responsibly over long periods increases your credit score. The better the credit score the more that opens up to you like home loans, better apartments, auto loans and so on.
Ray Cervantes around 660, the only red zone in my credit history is that it’s only around 2 years old, but other than that, no missed payments, using around 30% utilization, and like two inquiries recently
@@goddardphillips2275 Start with a credit building credit card and don't carry any balance (pay it off completely before the statement). You should see your score increase significantly in three to six months. Also never close your oldest accounts, use them for Spotify or Netflix subscriptions.
@@abrahamrodriguezpineda1848 I did not think it made sense either. I reported my $10,000 annual income and was approved for the low limit (which is fine because I did not intend on making this my main credit card), and the low APR.
SusanBailey AmazingEstate it’s one credit card...and it’s only a portion are subprime. And now there are new credit scores that factor in things like rent which are good indicators but don’t show up on credit reports
Eden Castillo thing is you just listed most of the debt, it’s got no room to grow, not to account for the rest of the 400K plus you need to be equal to a mortgage
Apple is taking on the additional risk. Goldman is willing to provide the banking service, Apple subsidizes the risk, and Apple makes its money back with that magical Silicon Valley tactic of build a user base first then make money later. Once Apple has an Apple size Wallet user base, the loss from credit defaults won't matter because they subsidize the cost of the wallet service by using that data in all their other app services to drive revenue.
Most iOS users are young people who don't have a clue about anything. I see it all the time, they sign into leases and Financing agreements with carriers all the time without any second thoughts just to get the latest iPhone. I reckon it's those same people that have subprime credit scores with crippling debt that are getting this Apple card to "look rich". Goldman Sachs and Apple played these people like the fool's they are and are cashing in on that subprime interest from those fool's. But hey according to them, I'm broke for using an Android and being debt free haha!!
Student loans and credit card debt are the #1 issue holding consumer spending back right now. You hook everyone on credit card payments and interest before a recession to get interest payments during said recession for when spending slows. Some will fight to stay credit worthy, others will default but they'll get some interest payments out of them first and apple is big enough and has a big enough brand loyalty base to deal with it
Credit score isn't everything. And I do believe there are people with low credit scores and can be responsible with their card. But handing out cards to low credit people is a disservice to the public. You are literally enslaving people...
Apple invites me to apply for the card. Goldman then rejects me AND do a hard pull on my credit, which then causes a 19 point reduction in my credit score. Unreal
This credit card is no different than any other credit card. Goldman Sachs approving subprime mortgages and subprime credit cards is completely different. When every card is accepted, no matter who the issuer is, there is a risk. It doesn’t not matter what your credit score or income is. On top of that there are a lot of people getting denied for the Apple Card. I think at this point people are just looking for talking points.
Can someone explain this to me? I dont now know what happen in 2008. I wasn’t living in the US yet. I do have about 5 credit cards all combined about 25k . I had 2 car payments but I always manage to pay them fast and not let that interest get me. But at the end it feels better to pay things cash than credit wise for sure .
Artificially low interest rates are not the solution; they are the problem. They gave Europe a debt crisis, and America a sub-prime mortgage crisis. And how did Europe and America respond to these crises? They moved interest rates even lower. What will be the next crisis?
It would be nice if Apple would offer a fourth-quarter promotion using the Apple card. 5% for all Apple Pay transactions and 2% for using the physical card.
Big Lie! On Transunion my FICO is 694 and 720 on Experian. My Apple Card application was denied. I have never missed a payment nor negative information. The day before I was approved for a $4500 credit limit on a different merchant.
What shocked me is I got a $5,000 credit line, I have a credit score of over 700 and my APR on the card is 23.99%.... like??? I mean I don't care because I have never missed a payment (except a 53 cent payment) so the APR doesn't really affect me, but still, WHY 23.99%????
Yup. That's what subprime essentially means. Credit scores in that range also indicate that the approved borrower has other unpaid debts like student loans, auto loans, other credit card debt, and maybe even a mortgage.
You think these people can pay off debt? They're subprime borrowers for a reason. They likely defaulted on some other loan in the past, or they have too many active loans. Probably being student debt and other credit cards.
@@lefthanded5473 in order to keep their connection to the world they will sacrifice other obligations to keep their cell phone on. Even homeless people have cell phones.
I got declined for an apple credit card , I have a mortgage and I make a lot more in a year full time work and my brother with a part time job got approved for an apple credit card a couple of years ago and he’s got a credit of 7k wtf?
Holy crap you people don’t get it at all. We’re not talking about SUBPRIME MORTGAGE LENDING. This is a credit card and people with different credit scores are going to get vastly different credit limits and interest rates. A lot of people still need credit cards to build up credit scores and Apple is providing a way for those people to get approved for a card. Someone with a 620 credit score isn’t going to get a huge credit limit.
NO, the 2008 crisis is not all about mortgage(Sure , it is a large part of it). Any debt that is unreliable require a higher interest rate. Higher the returns (the prime) higher the risks. The untimate product those company have is CDO. CDOs are parkage of all kinds of unreliable debts. Car loans, credit card debts, any thing they can put together. A) Based on the underlying asset: Collateralized loan obligations (CLOs): CDOs backed primarily by leveraged bank loans. Collateralized bond obligations (CBOs): CDOs backed primarily by leveraged fixed income securities. Collateralized synthetic obligations (CSOs): CDOs backed primarily by credit derivatives. Structured finance CDOs (SFCDOs): CDOs backed primarily by structured products (such as asset-backed securities and mortgage-backed securities).[105] B) Other types of CDOs by assets/collateral include: Commercial Real Estate CDOs (CRE CDOs): backed primarily by commercial real estate assets Collateralized bond obligations (CBOs): CDOs backed primarily by corporate bonds Collateralized Insurance Obligations (CIOs): backed by insurance or, more usually, reinsurance contracts CDO-Squared: CDOs backed primarily by the tranches issued by other CDOs.[105] CDO^n: Generic term for CDO3 (CDO cubed) and higher, where the CDO is backed by other CDOs/CDO2/CDO3. These are particularly difficult vehicles to model because of the possible repetition of exposures in the underlying CDO.
If they didn’t approve subprime then why would anyone want this card anyways lol - locked into Apple ecosystem even more? No thanks - the rewards are puny. I’d rather have chase ultimate rewards or Amex points much better value in many many other rewards cards No annual fee does help though and I guess now that it approved people for subprime scores that would be a reason to get it to build credit I guess - was not expecting this I was assuming this would be like Amex or chase sapphire like Apple would try to make it like it’s a premium card even tho it is not and is garbage in terms of credit card tiers
I got approved for 3k, my score isn't low but I know a lot of people in the 640 range also getting the same credit limit which I found fairly odd... then I run into this here on youtube and now my questions are answered lol
hhmm - when they reset to electronic they will need everyone - they have to give subprime access as well. I am sure the taxpayers are guaranteeing the risk for them so win win for Goldman - remember in America we privatize profits and socialize losses.
If it wasnt for credit cards most Americans would be hungry and hurting!!!!!! 75% or Americans live paycheck to paycheck and one crisis away from being homeless!
It’s effectively giving folks who’s credit score is below average a chance too not only increase there credit score but also gives advantages of the topical American who interact with borrowers all around the country. I say it is most definitely a great opportunity for anyone to do better with there scores. I say aim for the stars with this one👍🏿
Thank you Apple and Goldman Sachs for taking a risk on us young members who may not have any credit yet and are trying to establish credit in this crazy world.
Real, devoted Apple users will climb the ends of the Earth to stay with Apple and all of its devices. They will make sure their Apple Card gets paid before they do anything else. That’s why the Apple Card will work. Just for C-Whatever-the-Fuck-This-Was being assholes about Apple users, I WILL NOT WATCH YOUR ADS!
Time to short Goldman, because all these subprime card holders will surely go BK when the rescission really moves in just after Xmas and the close 4qtr. My question is how will Goldman turn a losing card into a winning card? I'm sure that they are covering their bet, and yes they know that they could be hit hard here. Apple is smart... Just put their name on it, and make a card that feels good in the hand of someone who never had anything and make a silly app for it. I mean really it took the team at Apple a full 10 min to make the app for the card which none of this Generation will use, because many do not know the value of a dollar. Goldman you have been played by Apple
Subprime, Goldman Sachs ! welcome back to 2008!
Its not the same thing
@@yugiohpokemon5285 It is the same thing. First, they will use personal data from apple on your behavior to decide whether they will give you the acess to that card. Then, Goldman Sachs will securitized all the apple credit card debts into a pakage and sell them on the market used the same method they used in 2008.
@@ezx2704 all cresit card companies use that today and facebook and google sell your data too.
@@yugiohpokemon5285 Over 16 trillion to banks and QE for years
It’s different this time.
What could go wrong
another reccession
For Goldman Sachs, nothing what so ever. They are too big to fail and would be bailed out as usual.
BadByte if someone gives you money and you can’t afford to spend it but do anyway, it’s your fault.
Miss a payment with a 21% interest rate.. it's like check into cash.
A lot of Apple fans defaulting
When the most innovative thing coming out of the most innovative company is a credit card you know the economy is messed up.
I owned a car lot and banks have been forced to give subprime loans. Not enough customers with great scores these days. Student and Medical delinquent debt is rampant.
MickyAvStickyHands that’s a perspective I didn’t think of ! Well said.
Very well said
Most people do not know about credit
Interesting point of view there. This is actually a massive insight. Thanks, you don't even know how much you just helped. ;)
Banks are to busy trying to fulfill their targets to care about the economy.
Anyone keeping a balance on a credit card is financially idiotic.
Three Putt Bogeys I agree, but def take advantage of the free points and cash back !!
Using credit responsibly over long periods increases your credit score. The better the credit score the more that opens up to you like home loans, better apartments, auto loans and so on.
@@ZeroCool-1995 True, but what I mean is if you're not paying off every interest bearing credit card monthly, that's idiotic.
Well, not *everyone*. A lot of personal loans actually rival the rates of low interest credit cards.
this
Am a College student and got approved with a $3000 limit... by far my highest credit line
This is like when family's making $60,000 were getting approved for $500,000 adjustable rate mortgages in 2005. Its a nightmare waiting to happen.
nice! now never spend a dime! use it only as it showing available credit available. Like melt the card and never touch it.
@Fluctuation Jesus. Trainwreck waiting to happen.
Whats your credit score if you dont mind me asking
Ray Cervantes around 660, the only red zone in my credit history is that it’s only around 2 years old, but other than that, no missed payments, using around 30% utilization, and like two inquiries recently
I am a 22 year old college student with a 700 credit score and was approved for a $250 credit line but the lowest possible 12.99% APR.
Matt Sarff that makes no sense
How can u have a 700 score at age 22 I’m 24 and still can’t get approved
Goddard Phillips 23 with a 745 score. I always pay it off every month
@@goddardphillips2275 Start with a credit building credit card and don't carry any balance (pay it off completely before the statement). You should see your score increase significantly in three to six months. Also never close your oldest accounts, use them for Spotify or Netflix subscriptions.
@@abrahamrodriguezpineda1848 I did not think it made sense either. I reported my $10,000 annual income and was approved for the low limit (which is fine because I did not intend on making this my main credit card), and the low APR.
Subprime🤔sounds familiar. Its a common sense that some body who have difficulty paying bills needs 2nd or 3rd job not credit card.
anyone catch that 21% percent interest rate... help the middle class they say
Lol. This is low man. I have an 18% tho. Lol people need credit literacy. There are many dumb credit card users.
Mine came with 17.99%
12.99% for me, Is that good? this is my first Credit Card
@@RuffHouseVisuals I think that is the lowest the Apple Card is offering.
Alan Boss interest shouldn’t matter if your using your credit card the correct way. Pay your balance in full and you won’t ever see the interest
Wait, are you tell me Goldman is doing that? No way! Goldman would never do such a thing...
Large lender gambling on subprime customers. Sounds familiar.
Nice to see you dont know what your talking about
SusanBailey AmazingEstate it’s one credit card...and it’s only a portion are subprime. And now there are new credit scores that factor in things like rent which are good indicators but don’t show up on credit reports
Subprime on a credit limit of 7k vs subprime on a 500k mortgage is two different types of subprime. Lose your house or lose your phone?
yea man, no worries, it's just one single 7k default. MAGA
Eden Castillo nah, don’t worry about it.
Subprime is more like a $250 limit. People have gotten them subprime and the limits are nowhere even near 1k
Eden Castillo thing is you just listed most of the debt, it’s got no room to grow, not to account for the rest of the 400K plus you need to be equal to a mortgage
Why the hell are people who can’t pay buying houses for 500k!!!??? They’re dumb and greedy!! Of course I’m gonna give that idiot the loan
Hmm, another indicator pushing the market to a recession. 😂
Goldman..... How many times do we have to teach you this lesson, old man?
Its Goldman....they know the Fed will bail them out......again.......with your money. And the Execs will pay themselves bonuses first.
Student loans, Credit card debt, Over priced mortgage and car insurance, yup... it’s only a matter of time before the market crashes inevitably
The worst part is that it leaves the door open for other economic systems. In the US, the one knocking at the door is fascism.
Daniel that’s scary ):
@@100Mmore The idiocracy you have now is not exactly a shining pearl either.
Shasta Weston nobody forces you to apply for a credit card. You do that on your on volition.
@@thomasg6364 true...but people are going to do it now just to have some stupid looking piece of metal to wave around
Relax guys. Some sub prime customers are getting a credit line of $750...it will be ok.
Reemo2100 nope, I know so many people who got wayy more than 4K including me
@@jayxproductions what's your credit score??
I got a credit line of $250, lmao fuckkkkk
You know nothing about nothing
@@RuffHouseVisuals oh wow. Didnt know anyone got that low
Apple is taking on the additional risk. Goldman is willing to provide the banking service, Apple subsidizes the risk, and Apple makes its money back with that magical Silicon Valley tactic of build a user base first then make money later. Once Apple has an Apple size Wallet user base, the loss from credit defaults won't matter because they subsidize the cost of the wallet service by using that data in all their other app services to drive revenue.
This whole conversation is cringeworthy
Will I be able to buy Synthetic CDOs with my Goldman/Apple card?
It's all a matter of VAR's
People..CALL THIS OUT! DO NOT SIT AND DO NOTHING. This is a danger to economy.
I’m sure it’s less than 10% of IOS users that know who Goldman Sachs is.
Less than 5
kazuki nakamura it’s a bank not a person.
are you guys trying to correct my grammar? good luck.
Most iOS users are young people who don't have a clue about anything. I see it all the time, they sign into leases and Financing agreements with carriers all the time without any second thoughts just to get the latest iPhone. I reckon it's those same people that have subprime credit scores with crippling debt that are getting this Apple card to "look rich". Goldman Sachs and Apple played these people like the fool's they are and are cashing in on that subprime interest from those fool's. But hey according to them, I'm broke for using an Android and being debt free haha!!
Y’all talking about a 700 credit score approved as if that’s a bad credit score 😂
GAYSMR on god I aint get approved 😂
Student loans and credit card debt are the #1 issue holding consumer spending back right now. You hook everyone on credit card payments and interest before a recession to get interest payments during said recession for when spending slows. Some will fight to stay credit worthy, others will default but they'll get some interest payments out of them first and apple is big enough and has a big enough brand loyalty base to deal with it
They are giving 2k limit how much would it really contributes towards their risk?
Now we all can go into debt together 😬
Credit score isn't everything. And I do believe there are people with low credit scores and can be responsible with their card. But handing out cards to low credit people is a disservice to the public. You are literally enslaving people...
Joshua Mackos - Financial Independence Retire Early Credit in its entirety is slaving any way you cut it. The borrower is a slave to the lender
Do they automatically raise your credit limit if you pay on time?
Apple invites me to apply for the card. Goldman then rejects me AND do a hard pull on my credit, which then causes a 19 point reduction in my credit score. Unreal
Sounds like any other credit card?
Not really....Goldman advertised the card and the media reported it as a card for ppl with lousy credit.
what can go wrong with someone who cant pay their bills? sure everyone should get a credit card
This will destroy a lot of young peoples economy.
This credit card is no different than any other credit card. Goldman Sachs approving subprime mortgages and subprime credit cards is completely different. When every card is accepted, no matter who the issuer is, there is a risk. It doesn’t not matter what your credit score or income is. On top of that there are a lot of people getting denied for the Apple Card. I think at this point people are just looking for talking points.
They did the subprime mortgages so are we really surprised about this
I got to be a beta tester and was given a 23.99 interest rate even though my credit score is damn near perfect
Can someone explain this to me? I dont now know what happen in 2008. I wasn’t living in the US yet. I do have about 5 credit cards all combined about 25k . I had 2 car payments but I always manage to pay them fast and not let that interest get me. But at the end it feels better to pay things cash than credit wise for sure .
Artificially low interest rates are not the solution; they are the problem. They gave Europe a debt crisis, and America a sub-prime mortgage crisis. And how did Europe and America respond to these crises? They moved interest rates even lower. What will be the next crisis?
What could possibly go wrong...
People are crazy - Just to get a branded credit card these mindless Apple drones are willing to get themselves further in debt.
It would be nice if Apple would offer a fourth-quarter promotion using the Apple card. 5% for all Apple Pay transactions and 2% for using the physical card.
Big Lie! On Transunion my FICO is 694 and 720 on Experian. My Apple Card application was denied. I have never missed a payment nor negative information. The day before I was approved for a $4500 credit limit on a different merchant.
I just turned 18 and I have never had a credit or anything and I got approved for Apple Card
Always remember for the banks DEBT=MONEY
I just graduated college as well and got accepted for 5500 ofc my credit score is 732
"Take over the world" , 10% mobile market share. LOL
What shocked me is I got a $5,000 credit line, I have a credit score of over 700 and my APR on the card is 23.99%.... like??? I mean I don't care because I have never missed a payment (except a 53 cent payment) so the APR doesn't really affect me, but still, WHY 23.99%????
What if you have credit scores of 515 to 550 can you still get approved for the apple card?
J C
Probably only for a secured card
Yup. That's what subprime essentially means. Credit scores in that range also indicate that the approved borrower has other unpaid debts like student loans, auto loans, other credit card debt, and maybe even a mortgage.
You remember that move big short, and that Australian in a bath tube?
Subprime equals shit.
Actually people want to keep their apple products, so unlike other products people will try to pay them off.
You think these people can pay off debt? They're subprime borrowers for a reason. They likely defaulted on some other loan in the past, or they have too many active loans. Probably being student debt and other credit cards.
@@lefthanded5473 in order to keep their connection to the world they will sacrifice other obligations to keep their cell phone on. Even homeless people have cell phones.
@@rososhow2031 Not paying there credit card bills won't get there phones taken away though.
have they learned anything from 2008?
How many merchants will be fleeced by the GS subprime customers?
I'm pretty sure the merchants will get paid instantly. It's Apple or Goldman that will be left holding the bag.
Got mine Saturday and it’s not a bad card.
I didn’t get approved still lol
UltraJeed what was you score?? Save us from getting hit lol
I got approved for $1,500 credit limit lol.😂🤣 and i didn’t even expect this.
I got declined for an apple credit card , I have a mortgage and I make a lot more in a year full time work and my brother with a part time job got approved for an apple credit card a couple of years ago and he’s got a credit of 7k wtf?
Yep, I didn’t get approved either all because of my business loan. Whoever has a loan, no matter how good of income won’t get it.
is that Savita Subramanian?
Holy crap you people don’t get it at all. We’re not talking about SUBPRIME MORTGAGE LENDING. This is a credit card and people with different credit scores are going to get vastly different credit limits and interest rates. A lot of people still need credit cards to build up credit scores and Apple is providing a way for those people to get approved for a card. Someone with a 620 credit score isn’t going to get a huge credit limit.
NO, the 2008 crisis is not all about mortgage(Sure , it is a large part of it).
Any debt that is unreliable require a higher interest rate. Higher the returns (the prime) higher the risks. The untimate product those company have is CDO. CDOs are parkage of all kinds of unreliable debts. Car loans, credit card debts, any thing they can put together.
A) Based on the underlying asset:
Collateralized loan obligations (CLOs): CDOs backed primarily by leveraged bank loans.
Collateralized bond obligations (CBOs): CDOs backed primarily by leveraged fixed income securities.
Collateralized synthetic obligations (CSOs): CDOs backed primarily by credit derivatives.
Structured finance CDOs (SFCDOs): CDOs backed primarily by structured products (such as asset-backed securities and mortgage-backed securities).[105]
B) Other types of CDOs by assets/collateral include:
Commercial Real Estate CDOs (CRE CDOs): backed primarily by commercial real estate assets
Collateralized bond obligations (CBOs): CDOs backed primarily by corporate bonds
Collateralized Insurance Obligations (CIOs): backed by insurance or, more usually, reinsurance contracts
CDO-Squared: CDOs backed primarily by the tranches issued by other CDOs.[105]
CDO^n: Generic term for CDO3 (CDO cubed) and higher, where the CDO is backed by other CDOs/CDO2/CDO3. These are particularly difficult vehicles to model because of the possible repetition of exposures in the underlying CDO.
If they didn’t approve subprime then why would anyone want this card anyways lol - locked into Apple ecosystem even more? No thanks - the rewards are puny. I’d rather have chase ultimate rewards or Amex points much better value in many many other rewards cards
No annual fee does help though and I guess now that it approved people for subprime scores that would be a reason to get it to build credit I guess - was not expecting this I was assuming this would be like Amex or chase sapphire like Apple would try to make it like it’s a premium card even tho it is not and is garbage in terms of credit card tiers
Ezra Baraka who said to use it as your primary card ? Use it when you want to
I’m a 19 year old college student, have a fantastic credit score, and they declined me hardcore because I don’t make enough annual income 😭
You applied for apple card?
i Never get its this card ??
What else is new?
Goldman Sach needs Executive salary and compensation as well as shareholders lock up period if this cause financial melt down
i'm one of those people with low score and very happy to get approved with very high limit
I got approved for 3k, my score isn't low but I know a lot of people in the 640 range also getting the same credit limit which I found fairly odd... then I run into this here on youtube and now my questions are answered lol
I didn't get approved it sucks big
“Recently became aware of apple wallet” ?? Seriously??
hhmm - when they reset to electronic they will need everyone - they have to give subprime access as well. I am sure the taxpayers are guaranteeing the risk for them so win win for Goldman - remember in America we privatize profits and socialize losses.
I can’t even work coz I’m sick and I got approve lol
Goldman’s in the right here $700 is a lot less than the mortgage. Also the rates are high in their favor
If it wasnt for credit cards most Americans would be hungry and hurting!!!!!!
75% or Americans live paycheck to paycheck and one crisis away from being homeless!
Because they spend too much!!! That's on them. Take some responsibility for yourself jesus
Did he call 660 subprime my credit score is 480
bedrettin kanlıbıçak yes
bedrettin kanlıbıçak oof, tough
At least they aren't hiding the subprime loans... like they did the last time...
It’s effectively giving folks who’s credit score is below average a chance too not only increase there credit score but also gives advantages of the topical American who interact with borrowers all around the country. I say it is most definitely a great opportunity for anyone to do better with there scores. I say aim for the stars with this one👍🏿
I want that card and Apple Watch but don’t want to switch from Android.
History repeats
Wall St, Wall St. never change.
Subprime, hmm i feel like we've been here before.
I have 840 score. I got the card just to get the titanium
I'm just too old 😂
Thank you Apple and Goldman Sachs for taking a risk on us young members who may not have any credit yet and are trying to establish credit in this crazy world.
A healthier financial life would be to not take out a card. Who needs extra payments?
Crooks
Real, devoted Apple users will climb the ends of the Earth to stay with Apple and all of its devices. They will make sure their Apple Card gets paid before they do anything else.
That’s why the Apple Card will work.
Just for C-Whatever-the-Fuck-This-Was being assholes about Apple users, I WILL NOT WATCH YOUR ADS!
Listening to this conversation two words came to mind: elitist idiocy!
goldman sachs. subprime approval. what could possibly go wrong?
aaronpiper92 recession 🤔
I wasn’t eligible for it😒😒
Apple is in trouble. As Yoda would say: "the future is cloudy".
I think you mean, "Cloudy, the future is."
Oh God! Not this shit again ... when are they packaging them up and selling them as prime investments.
Goldman is already securitizing credit card debt
most easily avoidable issue ever right here
I have 750 score and got declined 🙃
I got excepted and my score was 0
Based on your sentence, you shouldn’t have been ACCEPTED.
My interest rate is only 15.99 tho and I got a credit of $6000, boa would only give me $2k credit lol
Do you have the Apple Card?
@@ManPursueExcellence Yeah I do. But I probably wont use it. Just keep the card for fun
Albert
Oh.
Lol I got a $400 credit line hehe
Apple needs people to be able to buy their newer more expensive less useful products
Shit ypu cant repair. Watch some Louos Rossman videos
Here we go again
LMAO! Yep.
teebone 21 I don’t think so chief
ha ha ha.....Apple just tighten it’s eco system. Now if u wanna switch to Android, u have to give up credit card too.
Air Supply never thought about it dayummm😂😂😂
Typical, these finance companies never learn.
The iPhone and mac is sort of collateral
Dude CNBC reporters don't know shit about Technology.. Why they on TV? lol
without collateral? 😂
Well, then I'll short subprime. 2 minutes. Weeks. Months. Still holding.
MARCUS extension, right?
They’re trying to make the Poor Poorer
apple definitely use their datas to be able attracting the bank to make the deal. using datas lowering risk is a big deal in these banks.
Time to short Goldman, because all these subprime card holders will surely go BK when the rescission really moves in just after Xmas and the close 4qtr. My question is how will Goldman turn a losing card into a winning card? I'm sure that they are covering their bet, and yes they know that they could be hit hard here. Apple is smart... Just put their name on it, and make a card that feels good in the hand of someone who never had anything and make a silly app for it. I mean really it took the team at Apple a full 10 min to make the app for the card which none of this Generation will use, because many do not know the value of a dollar. Goldman you have been played by Apple