what's going on everybody so I just got the brand new Apple credit card as you
can see so today's video I'm going to unbox it for you as well as tell you
everything you need to know about the brand new controversial Apple credit
card so let's get into it alright so let me open this up extremely urgent is what
it says on the packaging alright so it comes in this little
cardboard box right here let me try to open it up might need like a pair of
scissors or something alright so here it is almost the brand new Apple credit
card I'll zoom in for you there's no credit actually something that's kind of
cool about this card is there's no number so you can't really it's a little
bit tougher to steal someone's credit card when there's no credit card number
so okay let me like take it out so this is the new titanium card it's very very
modern looking as you would expect from Apple its titanium so it's you know you
can almost hurt somebody with this thing I mean it's pretty pretty heavy-duty
there's not much information on I wish which like I mentioned I think it's
better for privacy so it just has the Goldman Sachs logo as well as the
MasterCard logo on the back and it just has my name on the front and that's very
sleek modern design so as you'd expect from Apple there's not like tons and
tons of like paperwork and all this confusing stuff on how to get started
it's pretty much just like here it is it says activate your card wake I phone and
hold it here to activate it through Apple pay so I'm going to do that in a
second and also just get into everything you need to know about the Apple credit
card okay so for starters applied for the Apple credit card is very easy you
don't have to go online or anything like that you just go on your iPhone and you
go to the Apple Wallet page and then there's a place where you can basically
submit some basic info and see if you qualify for the credit card now my
credit score when I applied for the card was around 800 so obviously that's a
pretty good credit score and I got approved for fifteen thousand however
one thing that's good about this credit card is that you can get approved even
if your score is in anywhere near 800 in fact when Apple is first
considering doing a credit card actually in the early 2000 Steve Jobs was
actually strongly considering doing a credit card however he didn't want Apple
customers to be rejected he wanted basically a hundred percent approval
rate in terms of getting credit I think they actually approved people with quote
unquote subprime credit credit scores that could be below 650 even though 650s
considered pretty you know pretty good score this card is a lot more flexible
in terms of who they approved for the card and another thing to note about
applying for this card is that they've partnered with Goldman Sachs and what's
pretty cool about it is that before you actually do like a hard inquiry to see
if you'll even get approved which is what most credit card companies will
make you do Apple will actually tell you whether or not you've been approved and
for how much so before you actually do the hard inquiry it will say yes you've
been approved for this much all you have to do is press submit and then you know
they'll eventually do the hard inquiry but it gives you a little bit more
information than most credit cards would when applying okay so what does the card
offer what are the reasons outside of being and easy to apply for a card and
being an Apple lover would you apply for this card well it has one percent
cashback with the physical card which you know is pretty standard two percent
cashback if you use Apple pay which you know is okay there's still many places
that don't really accept Apple pay so you know it's not like the greatest it's
not the worst it's probably somewhere in the middle and then three percent
cashback if you purchase Apple products through your card so you know if you're
spending you know tens of thousands of dollars on the Apple products or maybe
even hundreds of thousands who knows you know you can get three percent back
which I guess is you know not bad and in terms of signup bonuses and things like
that there are no signup bonuses as of now which you know it's not the greatest
thing in the world however I do like the fact that it's just so easy to apply and
you can actually find out if you're even approved before you actually do a hard
inquiry so maybe that's a sign of bonus right there next up is the fees so
there's no annual fees or international fees as far as this card goes which
which is good you know some cards that have much more significant signup
bonuses and much more cash back rewards you know might you might be paying a
hundred bucks 200 300 bucks every single year so it's nice if this one is kind of
like hassle-free you know it's kind of just a free card that you can use you
know how your can and speaking of convenience there's two
ways you can really use this card so they have the Apple pay which you can
just use your phone and if the store accept Apple pay you can just do it that
way as well as having the official titanium card and I think I'm gonna use
this card I think I'm going to you know whip this card out a few times because
it's a pretty cool-looking card and it's heavy you know I might just throw it
around a little bit but like I've heard some people say it's kind of more of
like a flex then actually like the best card in the world but it is a very sleek
and nice looking card and I'm just I mean this is probably the nicest most
physically attractive credit card I have so far and I have 15 credit cards so
that's saying a lot okay so we've talked about the benefits the fees the
convenience now as far as security goes in privacy this card actually excels in
that area so well it might not be the best cash back or rewards type of card
it actually does offer a lot of privacy and security benefits and the first
thing is that it just has your name there's no card number or verification
number or anything like that secondly both Apple as well as Goldman Sachs have
come out and and made it pretty well-known that they're not selling your
data in any type of way so whether you lose your card or maybe there's some
type of data breach it's gonna be very unlikely that your card will be affected
now as far as the app goes and I'll try to like zoom in here maybe you can see
it maybe you can it's pretty cool so this is one thing this is one actually
pretty good feature about the Apple card so when you start spending money on the
card it will actually instantly write right now it's a white card so instantly
it will start coloring the card so depending on what you spend it on if you
spend it on like food it might turn orange or green and then for each
categories can have a different color so it's kind of a cool just graphic thing
just to see it it's very easy to keep track of your expenses in the app and
not only that but the Apple also kind of encourage you to pay down your bill
every single month or paid off completely because it'll tell you it'll
show you how much interest will accumulate every single month and how
much interest you on the pain versus how much you could be saving if you just
completely paid it off so it kind of gives you kind of like a mini personal
financial adviser of source and then lastly but the app you know once you
spend some money on something and you get some cash back it goes directly into
your Apple cash account which you can then use to purchase different goods
even transfer to your bank account or whatever it is you want to do with it so
it makes it it makes it pretty easy pretty straightforward now one thing I
don't like about the card is that you have to have an apple you know iPhone
basically to have the card if you move to Android you're gonna lose the card
because it all goes through your Apple pay so Apple is really forcing you to
kind of like just be in their ecosystem use up all their products use their
credit who knows what the next version of this credit card will be because this
is their first time at a credit card so I'm assuming that I'll approve it but as
of right now you have to be an Apple iPhone user so here's my overall
assessment of the Apple credit card number one it looks really cool
so if you're into just cards that you just want to like whip out and just you
know flex a little bit if you want to call it that you know it's a titanium
it's modern it's a very cool looking card and number two while my credit
score was was pretty good you know close to eight hundred to get approved for
this card you don't have to have the best credit they I think they want more
Apple users to use this card so I think they're a little bit more lenient as far
as credit restrictions go and then also I was approved for a pretty decent
amount fifteen thousand you know most credit cards are not going to give you
fifteen thousand on you on your very first you know attempt usually you would
have to request a credit increase to get to that amount
now the downsides to this card as far as cash back rewards cards goes you know
it's pretty standard I mean there's plenty of other better cash back rewards
cards if that's something you're looking for as well as the bonuses so there's no
type of signup bonuses or anything like that there's also no annual fee which is
nice but you're not going to be accumulating too many points you know if
you spend a certain amount within the first month or two so let me know what
you think about the Apple credit card and displayed not having too many
benefits I'm happy I got you know fifteen thousand more in spending power
you know if I need it not to say I'm gonna go out and buy a bunch of Apple
products or anything like that but let me know your thoughts in the Apple
credit card and thanks for watching please like please share please
subscribe and I'll see you in the next one alright bye
you