Reddit user Cannono:
Whatever your interest, there’s of course the question of if it’s worth adding to your credit history.
I looked up some credit cards to compare Apple Card to since it launches any day now. I didn’t include cards that required some other type of banking or financial account to apply like local credit unions that have some crazy good cards, and I limited the annual fee to ~$100 in my search.
This credit card comparison chart seems pretty useful. For a free credit card, seems like Apple Card is a no-brainer, and especially useful if you need help controlling your expenses.
The Apple Card’s cashback on non-apple purchases (which would be 99% of my annual spending) is on par with Citi double cash and with paypal, *if* you use Apple Pay. If you don’t use Apple Pay (which would be the case with 99% of my spending), then it’s worse than both of those.
I don’t see the no-brainer here, except to avoid gimmicky cashback cards like Apple’s that give extra cash back on certain specific kinds of charges and essentially nothing on all other charges.
Like flight mile nerds, credit card nerds are just adorable. Weird, but adorable.
Sears financed the Discover Card when they thought that financial services were more important than their core business.
Craftsman and Kenmore are now sold in bog box stores. Sears is bankrupt.
Hoping that I’ll somehow be able to use my (best bank ever) card with Apple’s service someday. Not sure how they would accomplish that but Goldman-Sachs is a non-starter for me.