RE: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Sieghard Weitzel]

Ah, that would make sense, and if you buy a new iPhone, iPad and Apple Watch 
every year and are subscribed to Apple Music, News Plus and the new TV service 
maybe they’ll pay you interest instead of charging it?
Anyways, even at 13% it would be stupid to actually use the card for credit 
beyond the payment due date, people need to start realizing that they are 
digging the hole ever deeper if they don’t pay off their full balance by the 
time the payment is due every month. Credit cards are great, you can rack up 
rewards and delay paying for something for close to 6 weeks if you buy an item 
right after your billing date, but they should not be used to carry a balance, 
if you do then you spend more than you can afford and that’s always a bad idea.

From: viphone@googlegroups.com  On Behalf Of 
Cristobal Muñoz
Sent: Friday, March 29, 2019 8:44 PM
To: viphone@googlegroups.com
Subject: RE: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Maybe they’ll take a sneak peak at your Apple user profile and if you’ve got 
just one booty old sucker iPhone from X generations ago, you’ll get stuck with 
the higher interest rate where as if you’ve got multiple iOS devices of newer 
generations, they’ll *wink wink* take care of you with the better rate…
I’m of course being facetious…

From: viphone@googlegroups.com  On Behalf Of Sieghard 
Weitzel
Sent: Friday, March 29, 2019 7:13 PM
To: viphone@googlegroups.com
Subject: RE: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Then what does it have to do with? There must be some criteria why you may get 
13% and somebody else gets 24% interest rate.

From: viphone@googlegroups.com  On Behalf Of Victor 
Gouveia
Sent: Friday, March 29, 2019 2:06 PM
To: viphone@googlegroups.com
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Hi Joney,

This is not true, according to Apple’s terms for this new card, the 
introductory interest rate has nothing to do with your credit score.

This stated directly in their terms and conditions for the card.

Victor

From: Joney
Sent: Friday, March 29, 2019 9:21 AM
To: viphone@googlegroups.com
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Your credit score will determine where do you get 13 or 24% interest. The 
higher your credit score, the lower your interest rate.
Joney
talk2o...@gmail.com
"If God can bring you to it,
He will lead you through it."

On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:
I wonder what determines whether your Apple card gets 13% interest or 24% and 
also what exactly they mean by “no penalty”.
If I don’t pay my statement balance in full by the due date I don’t get a 
penalty either, but I am being charged interest and as we all know, interest on 
credit cards are high whether they are 13%, 19% or 24%
Especially if you consider how low interest rates still are, I pay less than 3% 
on my mortgage and a line of credit here in Canada is typically anywhere 
between 6% and 8% depending on your situation and ability to back the line of 
credit with equity in your home.
What was written about being able to basically generate new card numbers is 
interesting and a constantly changing CVV would also make fraud difficult.

new card numbers being genew

depending on

From: viphone@googlegroups.com  On Behalf Of 
KliphnShari Miller
Sent: Thursday, March 28, 2019 4:40 PM
To: viphone@googlegroups.com
Subject: Apple Card tidbits: No support for shared accounts, security details, 
penalty interest rates, more - 9to5Mac

Chance Miller <https://9to5mac.com/author/chmiller44/>
[Image removed by sender.]
One of the most interesting announcements from Apple’s event on Monday was the 
Apple 
Card<https://9to5mac.com/2019/03/25/apple-unveils-apple-card-in-partnership-with-goldman-sachs/>.
 While a number of details about the card were 
revealed<https://9to5mac.com/2019/03/25/apple-card-tidbits-wallet-integration-daily-cash-details-no-fees-more/>
 on Monday, TechCrunch<https://techcrunch.com/2019/03/28/how-apple-card-works/> 
is out today with a closer look at Apple Card and how it works.
TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown on 
Monday is Apple’s “version 1.” This means that, much like other Apple products, 
the company will be “iterating on the contest with new features and benefits.”
One of the things about Apple Card that Apple touts is that it will offer 
“interest rates that are among the lowest in the industry.” The fine print here 
says that rates will vary between 13 percent and 24 percent, which is rather 
standard in the credit card industry. Panzarino notes of two things Apple will 
be doing to set itself apart here.
For one, there is no “penalty interest rate” on Apple Card

Re: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Mary Otten]

Oh, I thought this was a serious discussion. Not a Snark fest.


Sent from my iPhone

> On Mar 29, 2019, at 8:53 PM, lenron brown  wrote:
> 
> Ha but knowing apple they would do something like that.
> 
>> On 3/29/19, Cristobal Muñoz  wrote:
>> Maybe they’ll take a sneak peak at your Apple user profile and if you’ve got
>> just one booty old sucker iPhone from X generations ago, you’ll get stuck
>> with the higher interest rate where as if you’ve got multiple iOS devices of
>> newer generations, they’ll *wink wink* take care of you with the better
>> rate…
>> 
>> I’m of course being facetious…
>> 
>> 
>> 
>> From: viphone@googlegroups.com  On Behalf Of
>> Sieghard Weitzel
>> Sent: Friday, March 29, 2019 7:13 PM
>> To: viphone@googlegroups.com
>> Subject: RE: Apple Card tidbits: No support for shared accounts, security
>> details, penalty interest rates, more - 9to5Mac
>> 
>> 
>> 
>> Then what does it have to do with? There must be some criteria why you may
>> get 13% and somebody else gets 24% interest rate.
>> 
>> 
>> 
>> From: viphone@googlegroups.com  On Behalf Of
>> Victor Gouveia
>> Sent: Friday, March 29, 2019 2:06 PM
>> To: viphone@googlegroups.com
>> Subject: Re: Apple Card tidbits: No support for shared accounts, security
>> details, penalty interest rates, more - 9to5Mac
>> 
>> 
>> 
>> Hi Joney,
>> 
>> 
>> 
>> This is not true, according to Apple’s terms for this new card, the
>> introductory interest rate has nothing to do with your credit score.
>> 
>> 
>> 
>> This stated directly in their terms and conditions for the card.
>> 
>> 
>> 
>> Victor
>> 
>> 
>> 
>> From: Joney
>> 
>> Sent: Friday, March 29, 2019 9:21 AM
>> 
>> To: viphone@googlegroups.com
>> 
>> Subject: Re: Apple Card tidbits: No support for shared accounts, security
>> details, penalty interest rates, more - 9to5Mac
>> 
>> 
>> 
>> Your credit score will determine where do you get 13 or 24% interest. The
>> higher your credit score, the lower your interest rate.
>> 
>> Joney
>> 
>> talk2o...@gmail.com
>> 
>> "If God can bring you to it,
>> 
>> He will lead you through it."
>> 
>> 
>> On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:
>> 
>> I wonder what determines whether your Apple card gets 13% interest or 24%
>> and also what exactly they mean by “no penalty”.
>> 
>> If I don’t pay my statement balance in full by the due date I don’t get a
>> penalty either, but I am being charged interest and as we all know, interest
>> on credit cards are high whether they are 13%, 19% or 24%
>> 
>> Especially if you consider how low interest rates still are, I pay less than
>> 3% on my mortgage and a line of credit here in Canada is typically anywhere
>> between 6% and 8% depending on your situation and ability to back the line
>> of credit with equity in your home.
>> 
>> What was written about being able to basically generate new card numbers is
>> interesting and a constantly changing CVV would also make fraud difficult.
>> 
>> 
>> 
>> new card numbers being genew
>> 
>> 
>> 
>> depending on
>> 
>> 
>> 
>> From: viphone@googlegroups.com  On Behalf Of
>> KliphnShari Miller
>> Sent: Thursday, March 28, 2019 4:40 PM
>> To: viphone@googlegroups.com
>> Subject: Apple Card tidbits: No support for shared accounts, security
>> details, penalty interest rates, more - 9to5Mac
>> 
>> 
>> 
>> <https://9to5mac.com/author/chmiller44/> Chance Miller
>> 
>> 
>> 
>> One of the most interesting announcements from Apple’s event
>> <https://9to5mac.com/2019/03/25/apple-unveils-apple-card-in-partnership-with-goldman-sachs/>
>> on Monday was the Apple Card. While a number of details
>> <https://9to5mac.com/2019/03/25/apple-card-tidbits-wallet-integration-daily-cash-details-no-fees-more/>
>> about the card were revealed on Monday,
>> <https://techcrunch.com/2019/03/28/how-apple-card-works/> TechCrunch is out
>> today with a closer look at Apple Card and how it works.
>> 
>> TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown
>> on Monday is Apple’s “version 1.” This means that, much like other Apple
>> products, the company will be “iterating on the contest with new features
>> and benefits.”
>> 
>> One of the things about Apple Card

Re: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[lenron brown]

Ha but knowing apple they would do something like that.

On 3/29/19, Cristobal Muñoz  wrote:
> Maybe they’ll take a sneak peak at your Apple user profile and if you’ve got
> just one booty old sucker iPhone from X generations ago, you’ll get stuck
> with the higher interest rate where as if you’ve got multiple iOS devices of
> newer generations, they’ll *wink wink* take care of you with the better
> rate…
>
> I’m of course being facetious…
>
>
>
> From: viphone@googlegroups.com  On Behalf Of
> Sieghard Weitzel
> Sent: Friday, March 29, 2019 7:13 PM
> To: viphone@googlegroups.com
> Subject: RE: Apple Card tidbits: No support for shared accounts, security
> details, penalty interest rates, more - 9to5Mac
>
>
>
> Then what does it have to do with? There must be some criteria why you may
> get 13% and somebody else gets 24% interest rate.
>
>
>
> From: viphone@googlegroups.com  On Behalf Of
> Victor Gouveia
> Sent: Friday, March 29, 2019 2:06 PM
> To: viphone@googlegroups.com
> Subject: Re: Apple Card tidbits: No support for shared accounts, security
> details, penalty interest rates, more - 9to5Mac
>
>
>
> Hi Joney,
>
>
>
> This is not true, according to Apple’s terms for this new card, the
> introductory interest rate has nothing to do with your credit score.
>
>
>
> This stated directly in their terms and conditions for the card.
>
>
>
> Victor
>
>
>
> From: Joney
>
> Sent: Friday, March 29, 2019 9:21 AM
>
> To: viphone@googlegroups.com
>
> Subject: Re: Apple Card tidbits: No support for shared accounts, security
> details, penalty interest rates, more - 9to5Mac
>
>
>
> Your credit score will determine where do you get 13 or 24% interest. The
> higher your credit score, the lower your interest rate.
>
> Joney
>
> talk2o...@gmail.com
>
> "If God can bring you to it,
>
> He will lead you through it."
>
>
> On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:
>
> I wonder what determines whether your Apple card gets 13% interest or 24%
> and also what exactly they mean by “no penalty”.
>
> If I don’t pay my statement balance in full by the due date I don’t get a
> penalty either, but I am being charged interest and as we all know, interest
> on credit cards are high whether they are 13%, 19% or 24%
>
> Especially if you consider how low interest rates still are, I pay less than
> 3% on my mortgage and a line of credit here in Canada is typically anywhere
> between 6% and 8% depending on your situation and ability to back the line
> of credit with equity in your home.
>
> What was written about being able to basically generate new card numbers is
> interesting and a constantly changing CVV would also make fraud difficult.
>
>
>
> new card numbers being genew
>
>
>
> depending on
>
>
>
> From: viphone@googlegroups.com  On Behalf Of
> KliphnShari Miller
> Sent: Thursday, March 28, 2019 4:40 PM
> To: viphone@googlegroups.com
> Subject: Apple Card tidbits: No support for shared accounts, security
> details, penalty interest rates, more - 9to5Mac
>
>
>
>  <https://9to5mac.com/author/chmiller44/> Chance Miller
>
>
>
> One of the most interesting announcements from Apple’s event
> <https://9to5mac.com/2019/03/25/apple-unveils-apple-card-in-partnership-with-goldman-sachs/>
> on Monday was the Apple Card. While a number of details
> <https://9to5mac.com/2019/03/25/apple-card-tidbits-wallet-integration-daily-cash-details-no-fees-more/>
> about the card were revealed on Monday,
> <https://techcrunch.com/2019/03/28/how-apple-card-works/> TechCrunch is out
> today with a closer look at Apple Card and how it works.
>
> TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown
> on Monday is Apple’s “version 1.” This means that, much like other Apple
> products, the company will be “iterating on the contest with new features
> and benefits.”
>
> One of the things about Apple Card that Apple touts is that it will offer
> “interest rates that are among the lowest in the industry.” The fine print
> here says that rates will vary between 13 percent and 24 percent, which is
> rather standard in the credit card industry. Panzarino notes of two things
> Apple will be doing to set itself apart here.
>
> For one, there is no “penalty interest rate” on Apple Card. Apple touted on
> stage on Monday that there would be no fees for late payments, which led
> some to speculate that Apple would increase your interest rate if you were
> late. That isn’t the case.
>
> Penalty rates are an increase of your interest rate if you fail to pay on
> time. That is not true. Apple Card 

RE: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Cristobal Muñoz]

Maybe they’ll take a sneak peak at your Apple user profile and if you’ve got 
just one booty old sucker iPhone from X generations ago, you’ll get stuck with 
the higher interest rate where as if you’ve got multiple iOS devices of newer 
generations, they’ll *wink wink* take care of you with the better rate…

I’m of course being facetious…

 

From: viphone@googlegroups.com  On Behalf Of Sieghard 
Weitzel
Sent: Friday, March 29, 2019 7:13 PM
To: viphone@googlegroups.com
Subject: RE: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

 

Then what does it have to do with? There must be some criteria why you may get 
13% and somebody else gets 24% interest rate.

 

From: viphone@googlegroups.com  On Behalf Of Victor 
Gouveia
Sent: Friday, March 29, 2019 2:06 PM
To: viphone@googlegroups.com
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

 

Hi Joney,

 

This is not true, according to Apple’s terms for this new card, the 
introductory interest rate has nothing to do with your credit score.

 

This stated directly in their terms and conditions for the card.

 

Victor

 

From: Joney 

Sent: Friday, March 29, 2019 9:21 AM

To: viphone@googlegroups.com 

Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

 

Your credit score will determine where do you get 13 or 24% interest. The 
higher your credit score, the lower your interest rate.

Joney

talk2o...@gmail.com

"If God can bring you to it, 

He will lead you through it."  


On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:

I wonder what determines whether your Apple card gets 13% interest or 24% and 
also what exactly they mean by “no penalty”.

If I don’t pay my statement balance in full by the due date I don’t get a 
penalty either, but I am being charged interest and as we all know, interest on 
credit cards are high whether they are 13%, 19% or 24%

Especially if you consider how low interest rates still are, I pay less than 3% 
on my mortgage and a line of credit here in Canada is typically anywhere 
between 6% and 8% depending on your situation and ability to back the line of 
credit with equity in your home.

What was written about being able to basically generate new card numbers is 
interesting and a constantly changing CVV would also make fraud difficult.

 

new card numbers being genew

 

depending on 

 

From: viphone@googlegroups.com  On Behalf Of 
KliphnShari Miller
Sent: Thursday, March 28, 2019 4:40 PM
To: viphone@googlegroups.com
Subject: Apple Card tidbits: No support for shared accounts, security details, 
penalty interest rates, more - 9to5Mac

 

 <https://9to5mac.com/author/chmiller44/> Chance Miller 



One of the most interesting announcements from Apple’s event  
<https://9to5mac.com/2019/03/25/apple-unveils-apple-card-in-partnership-with-goldman-sachs/>
 on Monday was the Apple Card. While a number of details  
<https://9to5mac.com/2019/03/25/apple-card-tidbits-wallet-integration-daily-cash-details-no-fees-more/>
 about the card were revealed on Monday,  
<https://techcrunch.com/2019/03/28/how-apple-card-works/> TechCrunch is out 
today with a closer look at Apple Card and how it works.

TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown on 
Monday is Apple’s “version 1.” This means that, much like other Apple products, 
the company will be “iterating on the contest with new features and benefits.”

One of the things about Apple Card that Apple touts is that it will offer 
“interest rates that are among the lowest in the industry.” The fine print here 
says that rates will vary between 13 percent and 24 percent, which is rather 
standard in the credit card industry. Panzarino notes of two things Apple will 
be doing to set itself apart here.

For one, there is no “penalty interest rate” on Apple Card. Apple touted on 
stage on Monday that there would be no fees for late payments, which led some 
to speculate that Apple would increase your interest rate if you were late. 
That isn’t the case.

Penalty rates are an increase of your interest rate if you fail to pay on time. 
That is not true. Apple Card has no late fees and no penalty rates. You will 
continue to pay your agreed upon interest rate on your outstanding balance, but 
that rate will not go up. It will impact your credit score, as Apple does do 
standard reporting.

Further, Apple will attempt to “place Apple Card users at the low end of their 
interest rate tier.” This means the company will try to “shift you to the 
bottom of a tier when you qualify” as opposed to having you pay the interest 
rate that correlates exactly to your credit score.

Other details of note include that Apple Card does not require a signature, as 
well as the fact that the physical card has a “fixed number on the ma

Re: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Mary Otten]

Credit rating, just like all the other card companies. If you have a good 
credit rating, you will get a lower interest-rate. You will not pay a late fee, 
and he will not pay increased interest if you are late. You will still pay 
interest, but  unlike some cards, according to what I read, they will not hike 
the interest-rate.


Sent from my iPhone

> On Mar 29, 2019, at 7:12 PM, Sieghard Weitzel  wrote:
> 
> Then what does it have to do with? There must be some criteria why you may 
> get 13% and somebody else gets 24% interest rate.
>  
> From: viphone@googlegroups.com  On Behalf Of Victor 
> Gouveia
> Sent: Friday, March 29, 2019 2:06 PM
> To: viphone@googlegroups.com
> Subject: Re: Apple Card tidbits: No support for shared accounts, security 
> details, penalty interest rates, more - 9to5Mac
>  
> Hi Joney,
>  
> This is not true, according to Apple’s terms for this new card, the 
> introductory interest rate has nothing to do with your credit score.
>  
> This stated directly in their terms and conditions for the card.
>  
> Victor
>  
> From: Joney
> Sent: Friday, March 29, 2019 9:21 AM
> To: viphone@googlegroups.com
> Subject: Re: Apple Card tidbits: No support for shared accounts, security 
> details, penalty interest rates, more - 9to5Mac
>  
> Your credit score will determine where do you get 13 or 24% interest. The 
> higher your credit score, the lower your interest rate.
> 
> Joney
> talk2o...@gmail.com
> "If God can bring you to it,
> He will lead you through it." 
> 
> On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:
> 
> I wonder what determines whether your Apple card gets 13% interest or 24% and 
> also what exactly they mean by “no penalty”.
> If I don’t pay my statement balance in full by the due date I don’t get a 
> penalty either, but I am being charged interest and as we all know, interest 
> on credit cards are high whether they are 13%, 19% or 24%
> Especially if you consider how low interest rates still are, I pay less than 
> 3% on my mortgage and a line of credit here in Canada is typically anywhere 
> between 6% and 8% depending on your situation and ability to back the line of 
> credit with equity in your home.
> What was written about being able to basically generate new card numbers is 
> interesting and a constantly changing CVV would also make fraud difficult.
>  
> new card numbers being genew
>  
> depending on
>  
> From: viphone@googlegroups.com  On Behalf Of 
> KliphnShari Miller
> Sent: Thursday, March 28, 2019 4:40 PM
> To: viphone@googlegroups.com
> Subject: Apple Card tidbits: No support for shared accounts, security 
> details, penalty interest rates, more - 9to5Mac
>  
> Chance Miller
> 
> One of the most interesting announcements from Apple’s event on Monday was 
> the Apple Card. While a number of details about the card were revealed on 
> Monday, TechCrunch is out today with a closer look at Apple Card and how it 
> works.
> TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown 
> on Monday is Apple’s “version 1.” This means that, much like other Apple 
> products, the company will be “iterating on the contest with new features and 
> benefits.”
> One of the things about Apple Card that Apple touts is that it will offer 
> “interest rates that are among the lowest in the industry.” The fine print 
> here says that rates will vary between 13 percent and 24 percent, which is 
> rather standard in the credit card industry. Panzarino notes of two things 
> Apple will be doing to set itself apart here.
> For one, there is no “penalty interest rate” on Apple Card. Apple touted on 
> stage on Monday that there would be no fees for late payments, which led some 
> to speculate that Apple would increase your interest rate if you were late. 
> That isn’t the case.
> Penalty rates are an increase of your interest rate if you fail to pay on 
> time. That is not true. Apple Card has no late fees and no penalty rates. You 
> will continue to pay your agreed upon interest rate on your outstanding 
> balance, but that rate will not go up. It will impact your credit score, as 
> Apple does do standard reporting.
> Further, Apple will attempt to “place Apple Card users at the low end of 
> their interest rate tier.” This means the company will try to “shift you to 
> the bottom of a tier when you qualify” as opposed to having you pay the 
> interest rate that correlates exactly to your credit score.
> Other details of note include that Apple Card does not require a signature, 
> as well as the fact that the physical card has a “fixed number on the mag 
> stripe, but you don’t know what it is.” The only thing you see are the last 
> four digits. There is also no

Re: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Victor Gouveia]

No idea, feel free to argue with Apple’s terms and conditions.  LOL.

Victor

From: Sieghard Weitzel 
Sent: Friday, March 29, 2019 10:12 PM
To: viphone@googlegroups.com 
Subject: RE: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Then what does it have to do with? There must be some criteria why you may get 
13% and somebody else gets 24% interest rate.

 

From: viphone@googlegroups.com  On Behalf Of Victor 
Gouveia
Sent: Friday, March 29, 2019 2:06 PM
To: viphone@googlegroups.com
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

 

Hi Joney,

 

This is not true, according to Apple’s terms for this new card, the 
introductory interest rate has nothing to do with your credit score.

 

This stated directly in their terms and conditions for the card.

 

Victor

 

From: Joney 

Sent: Friday, March 29, 2019 9:21 AM

To: viphone@googlegroups.com 

Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

 

Your credit score will determine where do you get 13 or 24% interest. The 
higher your credit score, the lower your interest rate.

Joney

talk2o...@gmail.com

"If God can bring you to it, 

He will lead you through it."  


On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:

  I wonder what determines whether your Apple card gets 13% interest or 24% and 
also what exactly they mean by “no penalty”.

  If I don’t pay my statement balance in full by the due date I don’t get a 
penalty either, but I am being charged interest and as we all know, interest on 
credit cards are high whether they are 13%, 19% or 24%

  Especially if you consider how low interest rates still are, I pay less than 
3% on my mortgage and a line of credit here in Canada is typically anywhere 
between 6% and 8% depending on your situation and ability to back the line of 
credit with equity in your home.

  What was written about being able to basically generate new card numbers is 
interesting and a constantly changing CVV would also make fraud difficult.

   

  new card numbers being genew

   

  depending on 

   

  From: viphone@googlegroups.com  On Behalf Of 
KliphnShari Miller
  Sent: Thursday, March 28, 2019 4:40 PM
  To: viphone@googlegroups.com
  Subject: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

   

  Chance Miller 



  One of the most interesting announcements from Apple’s event on Monday 
was the Apple Card. While a number of details about the card were revealed on 
Monday, TechCrunch is out today with a closer look at Apple Card and how it 
works.

  TechCrunch’s Matthew Panzarino explains that the version of Apple Card 
shown on Monday is Apple’s “version 1.” This means that, much like other Apple 
products, the company will be “iterating on the contest with new features and 
benefits.”

  One of the things about Apple Card that Apple touts is that it will offer 
“interest rates that are among the lowest in the industry.” The fine print here 
says that rates will vary between 13 percent and 24 percent, which is rather 
standard in the credit card industry. Panzarino notes of two things Apple will 
be doing to set itself apart here.

  For one, there is no “penalty interest rate” on Apple Card. Apple touted 
on stage on Monday that there would be no fees for late payments, which led 
some to speculate that Apple would increase your interest rate if you were 
late. That isn’t the case.

Penalty rates are an increase of your interest rate if you fail to pay 
on time. That is not true. Apple Card has no late fees and no penalty rates. 
You will continue to pay your agreed upon interest rate on your outstanding 
balance, but that rate will not go up. It will impact your credit score, as 
Apple does do standard reporting.

  Further, Apple will attempt to “place Apple Card users at the low end of 
their interest rate tier.” This means the company will try to “shift you to the 
bottom of a tier when you qualify” as opposed to having you pay the interest 
rate that correlates exactly to your credit score.

  Other details of note include that Apple Card does not require a 
signature, as well as the fact that the physical card has a “fixed number on 
the mag stripe, but you don’t know what it is.” The only thing you see are the 
last four digits. There is also no support for multiple users or shared cards, 
while replacement cards are free. You’ll also have to have two-factor 
authentication setup.

  In terms of security, Apple Card will allow you to generate a new credit 
card number at any time through the Wallet app. Furthermore, your CVV will 
refresh at every transaction.

You can hit a button to regenerate the PAN (primary account number), 
providing you with a new credit card number a

RE: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Sieghard Weitzel]

Then what does it have to do with? There must be some criteria why you may get 
13% and somebody else gets 24% interest rate.

From: viphone@googlegroups.com  On Behalf Of Victor 
Gouveia
Sent: Friday, March 29, 2019 2:06 PM
To: viphone@googlegroups.com
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Hi Joney,

This is not true, according to Apple’s terms for this new card, the 
introductory interest rate has nothing to do with your credit score.

This stated directly in their terms and conditions for the card.

Victor

From: Joney
Sent: Friday, March 29, 2019 9:21 AM
To: viphone@googlegroups.com
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Your credit score will determine where do you get 13 or 24% interest. The 
higher your credit score, the lower your interest rate.
Joney
talk2o...@gmail.com
"If God can bring you to it,
He will lead you through it."

On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:
I wonder what determines whether your Apple card gets 13% interest or 24% and 
also what exactly they mean by “no penalty”.
If I don’t pay my statement balance in full by the due date I don’t get a 
penalty either, but I am being charged interest and as we all know, interest on 
credit cards are high whether they are 13%, 19% or 24%
Especially if you consider how low interest rates still are, I pay less than 3% 
on my mortgage and a line of credit here in Canada is typically anywhere 
between 6% and 8% depending on your situation and ability to back the line of 
credit with equity in your home.
What was written about being able to basically generate new card numbers is 
interesting and a constantly changing CVV would also make fraud difficult.

new card numbers being genew

depending on

From: viphone@googlegroups.com  On Behalf Of 
KliphnShari Miller
Sent: Thursday, March 28, 2019 4:40 PM
To: viphone@googlegroups.com
Subject: Apple Card tidbits: No support for shared accounts, security details, 
penalty interest rates, more - 9to5Mac

Chance Miller <https://9to5mac.com/author/chmiller44/>
[https://9to5mac.com/wp-content/uploads/sites/6/2019/03/9to5mac-featured-1.png?w=1600]
One of the most interesting announcements from Apple’s event on Monday was the 
Apple 
Card<https://9to5mac.com/2019/03/25/apple-unveils-apple-card-in-partnership-with-goldman-sachs/>.
 While a number of details about the card were 
revealed<https://9to5mac.com/2019/03/25/apple-card-tidbits-wallet-integration-daily-cash-details-no-fees-more/>
 on Monday, TechCrunch<https://techcrunch.com/2019/03/28/how-apple-card-works/> 
is out today with a closer look at Apple Card and how it works.
TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown on 
Monday is Apple’s “version 1.” This means that, much like other Apple products, 
the company will be “iterating on the contest with new features and benefits.”
One of the things about Apple Card that Apple touts is that it will offer 
“interest rates that are among the lowest in the industry.” The fine print here 
says that rates will vary between 13 percent and 24 percent, which is rather 
standard in the credit card industry. Panzarino notes of two things Apple will 
be doing to set itself apart here.
For one, there is no “penalty interest rate” on Apple Card. Apple touted on 
stage on Monday that there would be no fees for late payments, which led some 
to speculate that Apple would increase your interest rate if you were late. 
That isn’t the case.
Penalty rates are an increase of your interest rate if you fail to pay on time. 
That is not true. Apple Card has no late fees and no penalty rates. You will 
continue to pay your agreed upon interest rate on your outstanding balance, but 
that rate will not go up. It will impact your credit score, as Apple does do 
standard reporting.
Further, Apple will attempt to “place Apple Card users at the low end of their 
interest rate tier.” This means the company will try to “shift you to the 
bottom of a tier when you qualify” as opposed to having you pay the interest 
rate that correlates exactly to your credit score.
Other details of note include that Apple Card does not require a signature, as 
well as the fact that the physical card has a “fixed number on the mag stripe, 
but you don’t know what it is.” The only thing you see are the last four 
digits. There is also no support for multiple users or shared cards, while 
replacement cards are free. You’ll also have to have two-factor authentication 
setup.
In terms of security, Apple Card will allow you to generate a new credit card 
number at any time through the Wallet app. Furthermore, your CVV will refresh 
at every transaction.
You can hit a button to regenerate the PAN (primary account number), providing 
you with a new credit card number at any time. This is great for situations 
wh

Re: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Victor Gouveia]

Hi Joney,

This is not true, according to Apple’s terms for this new card, the 
introductory interest rate has nothing to do with your credit score.

This stated directly in their terms and conditions for the card.

Victor

From: Joney 
Sent: Friday, March 29, 2019 9:21 AM
To: viphone@googlegroups.com 
Subject: Re: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

Your credit score will determine where do you get 13 or 24% interest. The 
higher your credit score, the lower your interest rate.


Joney
talk2o...@gmail.com
"If God can bring you to it, 
He will lead you through it."  

On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:


  I wonder what determines whether your Apple card gets 13% interest or 24% and 
also what exactly they mean by “no penalty”.

  If I don’t pay my statement balance in full by the due date I don’t get a 
penalty either, but I am being charged interest and as we all know, interest on 
credit cards are high whether they are 13%, 19% or 24%

  Especially if you consider how low interest rates still are, I pay less than 
3% on my mortgage and a line of credit here in Canada is typically anywhere 
between 6% and 8% depending on your situation and ability to back the line of 
credit with equity in your home.

  What was written about being able to basically generate new card numbers is 
interesting and a constantly changing CVV would also make fraud difficult.

   

  new card numbers being genew

   

  depending on 

   

  From: viphone@googlegroups.com  On Behalf Of 
KliphnShari Miller
  Sent: Thursday, March 28, 2019 4:40 PM
  To: viphone@googlegroups.com
  Subject: Apple Card tidbits: No support for shared accounts, security 
details, penalty interest rates, more - 9to5Mac

   

  Chance Miller 



  One of the most interesting announcements from Apple’s event on Monday 
was the Apple Card. While a number of details about the card were revealed on 
Monday, TechCrunch is out today with a closer look at Apple Card and how it 
works.

  TechCrunch’s Matthew Panzarino explains that the version of Apple Card 
shown on Monday is Apple’s “version 1.” This means that, much like other Apple 
products, the company will be “iterating on the contest with new features and 
benefits.”

  One of the things about Apple Card that Apple touts is that it will offer 
“interest rates that are among the lowest in the industry.” The fine print here 
says that rates will vary between 13 percent and 24 percent, which is rather 
standard in the credit card industry. Panzarino notes of two things Apple will 
be doing to set itself apart here.

  For one, there is no “penalty interest rate” on Apple Card. Apple touted 
on stage on Monday that there would be no fees for late payments, which led 
some to speculate that Apple would increase your interest rate if you were 
late. That isn’t the case.

Penalty rates are an increase of your interest rate if you fail to pay 
on time. That is not true. Apple Card has no late fees and no penalty rates. 
You will continue to pay your agreed upon interest rate on your outstanding 
balance, but that rate will not go up. It will impact your credit score, as 
Apple does do standard reporting.

  Further, Apple will attempt to “place Apple Card users at the low end of 
their interest rate tier.” This means the company will try to “shift you to the 
bottom of a tier when you qualify” as opposed to having you pay the interest 
rate that correlates exactly to your credit score.

  Other details of note include that Apple Card does not require a 
signature, as well as the fact that the physical card has a “fixed number on 
the mag stripe, but you don’t know what it is.” The only thing you see are the 
last four digits. There is also no support for multiple users or shared cards, 
while replacement cards are free. You’ll also have to have two-factor 
authentication setup.

  In terms of security, Apple Card will allow you to generate a new credit 
card number at any time through the Wallet app. Furthermore, your CVV will 
refresh at every transaction.

You can hit a button to regenerate the PAN (primary account number), 
providing you with a new credit card number at any time. This is great for 
situations where you are forced to tell someone your credit card number but do 
not necessarily completely trust the recipient

Each purchase requires a confirmation code (CVV) that will refresh 
every transaction.

  Last but not least, Panzarino offers some color on why Apple decided to 
base the Apple Card rewards system on cash back instead of points or miles. 
Essentially, Apple wanted “the simplest, most universal benefit structure,” 
which is cash.

  Read TechCrunch’s full report on Apple Card here, which offers up more 
detail on Apple Pay Transit and more. Earlier this week, we showed you the 
unique setup process of Apple Card in the 

Re: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Joney]

Your credit score will determine where do you get 13 or 24% interest. The 
higher your credit score, the lower your interest rate.

Joney
talk2o...@gmail.com
"If God can bring you to it, 
He will lead you through it."  

> On Mar 28, 2019, at 11:53 PM, Sieghard Weitzel  wrote:
> 
> I wonder what determines whether your Apple card gets 13% interest or 24% and 
> also what exactly they mean by “no penalty”.
> If I don’t pay my statement balance in full by the due date I don’t get a 
> penalty either, but I am being charged interest and as we all know, interest 
> on credit cards are high whether they are 13%, 19% or 24%
> Especially if you consider how low interest rates still are, I pay less than 
> 3% on my mortgage and a line of credit here in Canada is typically anywhere 
> between 6% and 8% depending on your situation and ability to back the line of 
> credit with equity in your home.
> What was written about being able to basically generate new card numbers is 
> interesting and a constantly changing CVV would also make fraud difficult.
>  
> new card numbers being genew
>  
> depending on
>  
> From: viphone@googlegroups.com  On Behalf Of 
> KliphnShari Miller
> Sent: Thursday, March 28, 2019 4:40 PM
> To: viphone@googlegroups.com
> Subject: Apple Card tidbits: No support for shared accounts, security 
> details, penalty interest rates, more - 9to5Mac
>  
> Chance Miller
> 
> One of the most interesting announcements from Apple’s event on Monday was 
> the Apple Card. While a number of details about the card were revealed on 
> Monday, TechCrunch is out today with a closer look at Apple Card and how it 
> works.
> TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown 
> on Monday is Apple’s “version 1.” This means that, much like other Apple 
> products, the company will be “iterating on the contest with new features and 
> benefits.”
> One of the things about Apple Card that Apple touts is that it will offer 
> “interest rates that are among the lowest in the industry.” The fine print 
> here says that rates will vary between 13 percent and 24 percent, which is 
> rather standard in the credit card industry. Panzarino notes of two things 
> Apple will be doing to set itself apart here.
> For one, there is no “penalty interest rate” on Apple Card. Apple touted on 
> stage on Monday that there would be no fees for late payments, which led some 
> to speculate that Apple would increase your interest rate if you were late. 
> That isn’t the case.
> Penalty rates are an increase of your interest rate if you fail to pay on 
> time. That is not true. Apple Card has no late fees and no penalty rates. You 
> will continue to pay your agreed upon interest rate on your outstanding 
> balance, but that rate will not go up. It will impact your credit score, as 
> Apple does do standard reporting.
> Further, Apple will attempt to “place Apple Card users at the low end of 
> their interest rate tier.” This means the company will try to “shift you to 
> the bottom of a tier when you qualify” as opposed to having you pay the 
> interest rate that correlates exactly to your credit score.
> Other details of note include that Apple Card does not require a signature, 
> as well as the fact that the physical card has a “fixed number on the mag 
> stripe, but you don’t know what it is.” The only thing you see are the last 
> four digits. There is also no support for multiple users or shared cards, 
> while replacement cards are free. You’ll also have to have two-factor 
> authentication setup.
> In terms of security, Apple Card will allow you to generate a new credit card 
> number at any time through the Wallet app. Furthermore, your CVV will refresh 
> at every transaction.
> You can hit a button to regenerate the PAN (primary account number), 
> providing you with a new credit card number at any time. This is great for 
> situations where you are forced to tell someone your credit card number but 
> do not necessarily completely trust the recipient
> Each purchase requires a confirmation code (CVV) that will refresh every 
> transaction.
> Last but not least, Panzarino offers some color on why Apple decided to base 
> the Apple Card rewards system on cash back instead of points or miles. 
> Essentially, Apple wanted “the simplest, most universal benefit structure,” 
> which is cash.
> Read TechCrunch’s full report on Apple Card here, which offers up more detail 
> on Apple Pay Transit and more. Earlier this week, we showed you the unique 
> setup process of Apple Card in the Wallet app.
>  
> 
> Are you testing an apple beta?  want to discuss bugs with other testers?  
> Then come join a friendly, helpful, laid back community where we can squash 
> these bugs together, and report them to apple. Subscribe here
> public-beta-users+subscr...@groups.io
> Because of the non disclosure agreement, I have to say if your not a beta 
> tester, please don’t join the group.
>  
>  
> -- 
> The following 

RE: Apple Card tidbits: No support for shared accounts, security details, penalty interest rates, more - 9to5Mac

[Sieghard Weitzel]

I wonder what determines whether your Apple card gets 13% interest or 24% and 
also what exactly they mean by “no penalty”.
If I don’t pay my statement balance in full by the due date I don’t get a 
penalty either, but I am being charged interest and as we all know, interest on 
credit cards are high whether they are 13%, 19% or 24%
Especially if you consider how low interest rates still are, I pay less than 3% 
on my mortgage and a line of credit here in Canada is typically anywhere 
between 6% and 8% depending on your situation and ability to back the line of 
credit with equity in your home.
What was written about being able to basically generate new card numbers is 
interesting and a constantly changing CVV would also make fraud difficult.

new card numbers being genew

depending on

From: viphone@googlegroups.com  On Behalf Of 
KliphnShari Miller
Sent: Thursday, March 28, 2019 4:40 PM
To: viphone@googlegroups.com
Subject: Apple Card tidbits: No support for shared accounts, security details, 
penalty interest rates, more - 9to5Mac

Chance Miller 
[https://9to5mac.com/wp-content/uploads/sites/6/2019/03/9to5mac-featured-1.png?w=1600]
One of the most interesting announcements from Apple’s event on Monday was the 
Apple 
Card.
 While a number of details about the card were 
revealed
 on Monday, TechCrunch 
is out today with a closer look at Apple Card and how it works.
TechCrunch’s Matthew Panzarino explains that the version of Apple Card shown on 
Monday is Apple’s “version 1.” This means that, much like other Apple products, 
the company will be “iterating on the contest with new features and benefits.”
One of the things about Apple Card that Apple touts is that it will offer 
“interest rates that are among the lowest in the industry.” The fine print here 
says that rates will vary between 13 percent and 24 percent, which is rather 
standard in the credit card industry. Panzarino notes of two things Apple will 
be doing to set itself apart here.
For one, there is no “penalty interest rate” on Apple Card. Apple touted on 
stage on Monday that there would be no fees for late payments, which led some 
to speculate that Apple would increase your interest rate if you were late. 
That isn’t the case.
Penalty rates are an increase of your interest rate if you fail to pay on time. 
That is not true. Apple Card has no late fees and no penalty rates. You will 
continue to pay your agreed upon interest rate on your outstanding balance, but 
that rate will not go up. It will impact your credit score, as Apple does do 
standard reporting.
Further, Apple will attempt to “place Apple Card users at the low end of their 
interest rate tier.” This means the company will try to “shift you to the 
bottom of a tier when you qualify” as opposed to having you pay the interest 
rate that correlates exactly to your credit score.
Other details of note include that Apple Card does not require a signature, as 
well as the fact that the physical card has a “fixed number on the mag stripe, 
but you don’t know what it is.” The only thing you see are the last four 
digits. There is also no support for multiple users or shared cards, while 
replacement cards are free. You’ll also have to have two-factor authentication 
setup.
In terms of security, Apple Card will allow you to generate a new credit card 
number at any time through the Wallet app. Furthermore, your CVV will refresh 
at every transaction.
You can hit a button to regenerate the PAN (primary account number), providing 
you with a new credit card number at any time. This is great for situations 
where you are forced to tell someone your credit card number but do not 
necessarily completely trust the recipient
Each purchase requires a confirmation code (CVV) that will refresh every 
transaction.
Last but not least, Panzarino offers some color on why Apple decided to base 
the Apple Card rewards system on cash back instead of points or miles. 
Essentially, Apple wanted “the simplest, most universal benefit structure,” 
which is cash.
Read TechCrunch’s full report on Apple Card 
here, which offers up 
more detail on Apple Pay Transit and more. Earlier this week, we showed you the 
unique setup process of Apple Card in the Wallet 
app.

Are you testing an apple beta?  want to discuss bugs with other testers?  Then 
come join a friendly, helpful, laid back community where we can squash these 
bugs together, and report them to apple. Subscribe here
public-beta-users+subscr...@groups.io
Because of the non disclosure agreement, I have to