Apple Card and Challenging High APRs

[burgman]

I'd assume that between the two of us only one went to law school. Let's leave legal suppositions like proof to those who are trained in such manners. I don't use words loosely.

Allow me to extend your non point further. If my APR was 300%, why should I care? Why would that be relevant? 2000%? I pay it off monthly, who cares. Right?

To answer your silly, Apple brown nosing question, because if I can't get 12.9% then no one can and it's a con. And I care that it's a con.

You doing early advertising to run a class action suit
Questioning if you are an attorney given the douchy personal attack in your last post, but hey have a good day. One would think an attorney would know from the T&C and published documentation from Apple that Goldman sets the terms, Apple has nothing to do with it. Which makes sense given Apple isn't a financial company.

 

[4sallypat]

Pay it off each month and use the cash back to pay for your coffee fix!

 

[swandy]

My credit score (before the Apple Card) was about 830 - dropped to 803 afterwards.
I was offered $20K for a credit line and an APR of 12.99% according to the figures in my Wallet.
(Cancelled a credit card that the Apple Card is replacing so hopefully my score will bounce back. I also am not overly concerned with the APR because I also generally pay the bill in full each month.)

 

[4sallypat]

My credit score (before the Apple Card) was about 830 - dropped to 803 afterwards.
I was offered $20K for a credit line and an APR of 12.99% according to the figures in my Wallet.
(Cancelled a credit card that the Apple Card is replacing so hopefully my score will bounce back. I also am not overly concerned with the APR because I also generally pay the bill in full each month.)

Don't cancel or close a card - it will hurt your score by lowering the amount of credit available.
If you don't plan on using it, just put it away but leave it active.

 

[aristobrat]

Don't cancel or close a card - it will hurt your score by lowering the amount of credit available.

That, and depending on how long the card has been open, cancelling it can have a negative impact on "Credit Age" which can also affect the score.

 

[4sallypat]

That, and depending on how long the card has been open, cancelling it can have a negative impact on "Credit Age" which can also affect the score.

This is very true - I have the old Barclay's Apple Rewards card that is no longer useful for Apple purchases since the new Goldman Sachs Apple card has taken over.
Leaving it open for the credit line and credit age...
Since the Barclay's card is a no fee card, I will just leave it in my drawer and not use it.