The Worst Apple Product Is THIS Card
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- Опубликовано: 16 июл 2024
- Is the Apple Card worth using almost 6 years after it came out? Are the benefits still relevant?
⏱Handy Timeline:
0:00 Intro
0:31 Initial Appeal
1:30 Max rewards
1:58 Full benefits
4:09 Biggest letdown
5:30 Breaking up with the bank
6:42 Synapse
7:55 Future of the card?
8:47 Investigating their savings structure
14:18 long story long
15:05 How I saved money using it
17:00 Subscribe
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I enjoy using my Apple card as my primary card. It may not be the most optimized thing on the market, but it works for me.
If you are not getting 2% with most of your purchases on the card you are not shopping in the right places. Apple Pay is everywhere these days. Come on man
Part of why I enjoy Publix. They actually have Apple Pay. Walmart doesn’t. 🤷♂️
Sam's Club, Walmart, and some Kroger locations do not accept Apple Pay.
@@RonnieM90 Oh no, Walmart, Kroger and Sam's Club does not accept Apple Pay! However will you eat? Come on man get real. There are plenty of places that do accept that form of payment. Those are not the only stores you go to for groceries and if it is then you need to redo your grocery list. If you need suggestions please let me know. I got you covered.
@@thecapone45 Never been inside one before but I have heard great things.
It’s very convenient and is my primary card. Tap is almost everywhere.
Lmfao I love these slight comedic sequences 04:45. Just got here, subscribed :)
I have the card but when RH comes out with the Gold card I don’t see myself using this card anymore. I am right now trying to figure out what card to get next actually between Amex Blue Cash Preferred, BoA Customized Cash, and US Bank Cash+. I feel like that Robinhood card is gonna rock the credit card world like how the Apple Card and CSR did. What do you think? Btw appreciate your content! 🍯
Thanks for the kind words! So far the RH card is looking good but since it’s not out in the world yet, we can’t really say. As long as everything runs as it should, I plan to use it
Off topic but can you help us stay up to date if any news about Yotta’s situation comes out? That would be cool and helpful. Also I noticed that we have routing/account numbers supposedly under the FDIC insured bank… gonna give them a call tomorrow..
If something substantial happens I’ll let you know! Hoping there’s “substantial” news soon in a positive direction
I would assume if you are a customer they would have to send you updates. The problem with the Yota situation isn't that the bank failed it's that it was using services of a middle man that connects to the bank. From my understanding there have been issues on proper accounting. They are unable to hand back money to customers when they don't know how much money each client actually holds. Not sure if it's the same case but I had some money in Celcius. When they finally declared bankruptcy, it took a lot time to sort things out before they were able to distribute money back to customers.
I just got the card to flex the metal card. I don't really use it or Apple Pay that much. Maybe as a catch all alternative sometimes but most of the time I use other cards to try and max out a 5% return on whatever I buy. As a credit card nerd optimizer I have a lot of better cards to use.
Can you do a video on Brokerage CD's as an alternative to high yield savings accounts?
ruclips.net/video/66jIgqAGojo/видео.htmlsi=Gd6DALxdkJpjmk1s
Any tips on how to tell if HYSA doesn’t have a middleman like synapse?
I’m keeping my ear to the ground but doubt there are any obvious signs we can read along the way, at least for now
Be wary of anything that has "partner banks". Even if they don't use a listed middleman, the fintech front end service is already a shaky connection to the real bank with little oversight.
Right now two of those things I have can no longer trust are PayPal savings and creditkarma savings. A money market fund would be simpler anyways.
Maybe just go for the well known financial institution. Since Goldman holds the savings accounts for Apple, you could just go directly with Goldman. I have an account with them. I think they actually have a higher yield than the Apple savings right now. Sure there might be higher yield HYSA but I don't feel as confident in them. Goldman has been around for 155 years.
The hysa is through Goldman Sachs
@@tdiggitydogz Or you can go to Goldman Sachs directly with their HYSA. The funny thing is when Apple first introduced their HYSA they had a higher APY. Now if you get a HYSA Marcus has the higher APY now. So in a sense if you want to deal with the bank directly then just signing up with Goldman would be a no brainer.
Sam's Club, Walmart, and some Kroger locations do not accept Apple Pay.
The hysa is through Goldman Sachs
The only thing I use Apple Card for is buying apple products with interest free installed payments. I hope Apple's new partner has better rewards.
I'm not an apple user but it's been out for 6 years and not available in Canada... that's strange.
I can only assume that Goldman backs the card. They were trying to get into the consumer/retail space but with the break up with Apple. They are changing directions. It could be Goldman trying out the US market only.
Thinking about apple card as an easy to use first credit card. Where are you where people aren't taking Apple Pay. Living in west michigan (and some northwest michigan) and traveling I've hardly ever been somewhere without tap to pay. I use it with a credit union debit card.
As of right now the main place that won’t do Apple Pay for me is Walmart and some gas pumps with shitty NFC sensors that fail all the time.
@@thecapone45 Oh yeah freaking Walmart lol. They are still butthurt nobody wants to use Walmart Pay. I do still use my card at the pump but that is only because I have one of those discount cards that I don't think can go through apple pay.
As a Canadian, I would love this card to be in Canada most credit cards in Canada that have no annual fees offer 0.5% on all categories and maybe grocery recurring bill payments or transit what not would be 1% there are cards that offer for you 2% on groceries and one restaurant but there’s not a lot of them with no any of these the one that do you have any of these do offer free one percent on everything but they’re pretty high like $150 most of them have higher income requirements 2% on Apple Pay and Apple Pay basically everywhere including Walmart and since it’s MasterCard is accepted at Costco I would love this card and Canada and I hope it does come to Canada and if it does, I hope it has the same benefits as the state does
in Saudi Arabia almost 100% of the places have apple pay
For the record, Goldman Sachs wanted a divorce before Apple did. GS is losing millions and millions of dollars on the Apple card, and consumer products in general. The only way GS can make money is with interest. Because all Apple card accounts close on the same day every month, this means GS customer support is inundated with calls on the same couple days every month. Other issuers distribute closing dates through the month to spread out the CS calls.
I'm not sure what other card issuer will let Apple bend them over a barrel like Goldman Sachs did. I also don't think Apple would outsource control over the card experience to a third party. Apple held a tight control over the user experience with the Apple card. I doubt they will outsource that to a middleman company. I also am not confident that another bank or card issuer will let Apple dictate terms like GS let them do.
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No way you actually use this lmao. The Sofi card gets me 3% points back on everything no matter what. No anual fee either
I got the Apple Card just to have it, but honestly it’s garbage.
How does it give you 3%?? That would be amazing. I only see an unlimited 2%
www.sofi.com/blog/sofi-credit-card-upgrade
@@BrendanEvan set up direct deposit, I have it directly to my savings, it unlocks the 3%
@@BrendanEvan look into Sofi plus benefits and requirements, 3% first year then 2.2% permanent.
my Apple Cash has 1800 dollar and making 298 every month interest. my daily card. No issue here.