flhrci
Final Approach
For THE Apple Card! I feel so, not interested. LOL How about ya'll?
David
David
All I know is high interest rate. I quit reading after that a long time ago. Yesterday I read that if you lose your iPhone, there is no way to make a payment. How stupid.What are the perks?
Yea that sounds like a great idea...All I know is high interest rate. I quit reading after that a long time ago. Yesterday I read that if you lose your iPhone, there is no way to make a payment. How stupid.
I think they realize they have nothing new in the technological pipeline to provide, so it's on to music subscriptions, news subscriptions, and credit cards.
I haven’t the faintest idea what the interest rate is on any of my credit cards. Couldn’t care less; we haven’t carried a balance in many years. The ONLY thing I care about now is perks. Cash back is king, period.All I know is high interest rate. I quit reading after that a long time ago. Yesterday I read that if you lose your iPhone, there is no way to make a payment. How stupid.
What are the perks?
There are better cards. I have one because of buying things at the Apple store and getting free financing via the card. Otherwise, we don't use it.
you spend money on it, you get apple gift cards. The exchange rate isn't that good, but there's no annual fee. You shouldn't care about the finance rate because everything should get paid off every month.
There are better cards. I have one because of buying things at the Apple store and getting free financing via the card. Otherwise, we don't use it.
Those better cards paid off every month that are just as free, don’t work at the Apple store anymore?
No, but if I get free financing on $3000 for a new computer, I can pay it off over 3 months. I could pay it off in one month too, but I'd have to pull from savings.
That’s what I’m saying though, any card will allow that. I guess you’re saying it’s 0% for three months? Thought it was “paid off every month”?
Many "store" cards have long term financing arrange through them. Often it's 0%. This is separate from the normal revolving credit. For example, you may have a Macy's AmEx card and buy a mattress at Macy's at 0% financing for 9 months. This is going to be on your Macy's card. The mattress part will not be charged any interest(for 9 months), but if you then buy some other thing and only pay minimum on that that purchase, the balance of that purchase will be subject to 20+% annual rate.
This is what he is explaining.
Understand, but they said they were “paying them off every month”. Every card is 0% financing when paid off this month.
That’s what I’m saying though, any card will allow that. I guess you’re saying it’s 0% for three months? Thought it was “paid off every month”?
The free financing allowed me flexibility in payment. It was actually for 18 months, I just choose to pay it off earlier. I don't like having debt but I dislike having a 10 year old computer more. Otherwise, yes, the cards (business and home) get paid off every month and I don't care what the interest rate is.
This is what I was getting at. You’re basically saying it’s Apple’s gimmick to get someone who normally manages to save up for everything just fine, to carry debt.
It's not quite that simple. We have an account with our local furniture flooring place. They usually offer 0% financing for anywhere from 18 to 32 months. I'll carry a balance on that, simply because it actually works out to a slight discount. I can keep my money other places, like a brokerage account or savings account, while I schedule payments to pay that account off just before the interest-free period expires (because if you go one day past, you get to pay ALL of the accrued interest).This is what I was getting at. You’re basically saying it’s Apple’s gimmick to get someone who normally manages to save up for everything just fine, to carry debt.
It's not quite that simple.
Yeah, Ok. I do save, that doesn't mean I want to spend that savings. It's better to let someone else hold the debt for a little while than me reduce my principal for a few months. It's actually a slightly better deal for me.
Sigh. Please take the time to read what I said more closely.It is that simple. Everything you described countering my statement wasn’t refuting it, t was rationalization of debt. Which is fine, but didn’t make my statement untrue. The card is a gimmick to get Apple customers to accept debt who would normally not have any.
Debt is risk. Carrying it is fine if you’re willing to add risk.
They’re not really holding the risk unless you plan on defaulting on it if some circumstance change occurs. Would be interesting to know their default rate on these unsecured loans but...
They know they overcharged for a really cheaply built Intel-based laptop. They made their money right up front.
So is breathing.All debt is risk until it is paid. Word.
So is breathing.
If I have $100 in debt, which is costing me nothing, and $1000 in available cash... there may be some theoretical risk somewhere, but it's negligible.
Still not risk. Unpaid does not mean unpayable. Other than the mortgage, there's more than enough cash to pay off any existing debt, many times over. The mortgage is secured by property that's very well insured (just in case I die in a house fire). If that's still too much complexity for whoever is handling it to handle, then oh my God!! There may be a tiny bit of interest incurred. That's not risk, it's expense.You kind of answered your own question.
What happens to that debt if you stop breathing? It is now an unpaid liability you left for someone else to sort out...
All I know is high interest rate. I quit reading after that a long time ago. Yesterday I read that if you lose your iPhone, there is no way to make a payment. How stupid.
That’s what I’m saying though, any card will allow that. I guess you’re saying it’s 0% for three months? Thought it was “paid off every month”?
What are the perks?