Lets breakdown the new 2019 apple credit card rumors, discuss what’s confirmed, and how this would do as an every day credit card - enjoy! Add me on Instagram: GPStephan
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Now here’s some background:
Apple is teaming up with Goldman Sachs to bring us a new credit card in 2019. The credit card will be running though the MasterCard Network. As of now, Apple stated that they first plan to test this credit card among employees before rolling it out to the public sometime this year.
They also announced they’ll be offering 2% cash back on purchases, as well as advanced integration into their apple-pay app, which will allow users to potentially better track their spending and budgeting. Some executives have said the payment tracking could be similar to their fitness app, which will rewards users who meet their spending and saving goals.
Besides these confirmed statements, we really don’t know MUCH more about what the card will offer. We don’t know if it will have an annual fee, we don’t know if it will have a sign up bonus, and we don’t know if it will have higher reward tiers if its users purchase apple products…which, lets be real, 99% that’s probably probably going to happen.
Now on the surface, this doesn’t appear to be too revolutionary of a credit card, besides the fact that the card is coming from Apple…so why is Apple doing this, and could they actually turn this into successful smash-hit credit card like the Chase Sapphire Reserve was?
To start, I think this is a REALLY unique market for Apple to get into for a variety of reasons…Their iPhone market is, in my opinion, reaching a point of diminishing returns - the newer models aren’t THAT much different from the older models, and raising prices on the newer phones deters people from “upgrading” when their current phone works just as well and DOESN’T cost $1000.
However, Apple has amassed such a large, loyal following within the apple ecosystem, with over 1.3 BILLION active devices worldwide…and from a business standpoint, it becomes MORE pertinent to begin growing a business of long term, recurring, stable revenue…which is…drum roll…THE APPLE BUSINESS ECOSYSTEM.
And when it comes to making profit, the credit card industry is pretty much just a license to print money. ESPECIALLY if they find a clever way to integrate and sync the credit card with the iPhone, in such a way where it’s BETTER AND EASIER to use THAT credit card over any OTHER credit someone might otherwise use.
Their partnership with Goldman Sachs is also quite unique and strategic. Their partnership with Apple means two things:
One, they can leverage apple’s loyal fan-base to increase business to their banking and lending services
Two, They can expand their consumer industries market with a credit card
In return, Apple could potentially form further partnerships with Goldman Sachs in the future - for things like lending, financing, or other banking related services, which is something that Apple is currently lacking. So from my perspective, I see this as a win-win.
So we’ll wrap this video up with some final thoughts: How well do I think this will ACTUALLY do as a credit card?
To be honest, I think, it’ll do well. REALLY well. If they’re appealing to the majority of people out there who pay with debit cards, don’t follow credit card rewards, and just want a simple straight forward credit card to make purchases with - they’ll do extraordinarily well by just offering 2% cash back. This competes with cards like the Citi Double Cash, with the added benefit of offering iPhone integration in a unique way that might make budgeting a little more fun.
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29 thoughts on “New apple credit card 2019: rumors and breakdown”
  1. Avataaar/Circle Created with python_avatars olamide dawodu says:

    My gratitude goes to Shawn gray for getting my credit score up to 840 after clearing all my credit card debts contact him on via text +1 (424) 281-4920 or on WhatsApp +1 (619) 387-7180 or through his email shawnhackingservice@gmail com his SERVICES ARE FREE NO UPFRONT REQUIRED TO BEGIN he also clears negative bank account statements and loads money into bank accounts don’t miss this opportunity he changed my life in a positive way looking forward to 2020

  2. Avataaar/Circle Created with python_avatars Alexander says:

    "I ignored my Destiny Once when I was 16 I will NOT let that Happen again!" thank you so graham for all the work you put into your videos for us to use to better ourselves financially, love you man. biggest fan!

  3. Avataaar/Circle Created with python_avatars D says:

    Graham Stephan ..Kicking the facts since 20xx

  4. Avataaar/Circle Created with python_avatars making the startup says:

    As always, no chance this will be allowed in Switzerland.

  5. Avataaar/Circle Created with python_avatars absolute - says:

    Apparently no fees on anything.Low APR,Claim they won't be able to see customer spending.3% on Apple products.2 percent on everything else through Apple pay.1 percent through regular metal card.Card doesn't have ccv or number and expiration.You'll get a blank card.

  6. Avataaar/Circle Created with python_avatars D Walker says:

    Cool

  7. Avataaar/Circle Created with python_avatars Kong says:

    Goldman sachs
    Lloyd C. Blankfein: “doing God’s work.”.

    fyi lets see will people know the meaning behind this.
    also when it was said.
    gg.

  8. Avataaar/Circle Created with python_avatars Nick Babin says:

    Always thankful for your content Graham! I’m in full agreement, this Is a huge move for apple. If there is one thing I’ve learned about apple it’s that they’re very calculated. They like to nearly perfect their products before releasing them. After seeing this video it caused me to invest another $1000 into apple stocks.. also avocado toast 🔥

  9. Avataaar/Circle Created with python_avatars The Beyond Growth Show says:

    Apple just keeps growing. Wow I cannot believe they are expanding to credit cards now. Thanks for the update Graham

  10. Avataaar/Circle Created with python_avatars Salvador Montoya says:

    i have the barclay apple rewards credit card and you get apple gift cards every 2500 points lmao 💀

  11. Avataaar/Circle Created with python_avatars Mitchell. says:

    Can I get apple pie with it? Guess that is all I have to say on this video for now.

  12. Avataaar/Circle Created with python_avatars intreserte says:

    The biggest news in creditcards in 2019, Mastercard and Visa vil from mars 2019 beginn to use the new biometric card with fingerprint reader inside the creditcard from the norwegian company IDEX biometric.

  13. Avataaar/Circle Created with python_avatars Meng Chou says:

    Let’s see.. Can Apple pull this off? 2% rebate. Transfer partner. Priority lounge access. No foreign transaction fee. $100 TSA/global entry rebate. $100 airline credit. $100 Apple Store gift card annually. All for no annual fee!
    Yeap. This would totally ruin the credit card industry and get everyone to talk about it.
    I am dreaming….

  14. Avataaar/Circle Created with python_avatars Ilija Pajic says:

    Wtf! I just noticed, that i didnt subscribe to you. Weird i watch many videos of you.

  15. Avataaar/Circle Created with python_avatars Marty McFly says:

    Apple credit card?? Dislike! Unsub!

  16. Avataaar/Circle Created with python_avatars Ashley Carr says:

    love hearing your perspective graham! can you do a video about your thoughts on uber and lyft IPOs since theyll be going public soon?

  17. Avataaar/Circle Created with python_avatars kim says:

    Do you move your camera between cuts? :hmmm:

  18. Avataaar/Circle Created with python_avatars Angel Medina says:

    Graham takes on the responsibility of a teacher. Great job.

  19. Avataaar/Circle Created with python_avatars HeyBrando says:

    Would like to see a video on repairing credit after having something in collections. I know many people who are trying including myself

  20. Avataaar/Circle Created with python_avatars Gumer Zambrano says:

    Getting my Galaxy S10+ in a few weeks !

  21. Avataaar/Circle Created with python_avatars Connor Smith says:

    Hey Graham! I like your extensive knowledge about credit cards! Have you seen the website/app WalletHub? It seems pretty cool! I would watch, and like a video review about it! hint hint

  22. Avataaar/Circle Created with python_avatars DunkThemMuffins says:

    Wanted to let you know that you gave me the courage to pursue real estate as an agent. Thanks for all your videos in both investing and agenting Graham <3. I've got a serious question though: I'm concerned with public perception once I've got my license. Do you think clients would feel uncomfortable working with an 18 year old schmuck who drives a dented to hell Kia? I don't have Benz money yet :(. Thanks Graham!

  23. Avataaar/Circle Created with python_avatars David Serrano says:

    What do you think of the credit card Petal

  24. Avataaar/Circle Created with python_avatars Adam Felts says:

    Graham, can you do a video on your opinion of investing in newly developed homes as rentals

  25. Avataaar/Circle Created with python_avatars Daniel Bustos says:

    Apple is going into the credit card industry to find out what it’s consumers buy. Because they ain’t buying iPhones anymore 😂

  26. Avataaar/Circle Created with python_avatars C-HAM says:

    Interesting

  27. Avataaar/Circle Created with python_avatars minecraftvideo2547 says:

    Didn't make minimum payment on Apple credit card. iPhone stops working weirdly

  28. Avataaar/Circle Created with python_avatars willy says:

    Someone shuld put you on your place.. mister click bate

  29. Avataaar/Circle Created with python_avatars willy says:

    G@S sucks… they f&+^k me and i never trust them. This is like the (i ran)?? Made my niky

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