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.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
The YouTube Creator Academy: $100 off for the first 10 people with Coupon Code 100OFF:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv
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.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
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
"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!
Graham Stephan ..Kicking the facts since 20xx
As always, no chance this will be allowed in Switzerland.
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.
Cool
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.
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 🔥
Apple just keeps growing. Wow I cannot believe they are expanding to credit cards now. Thanks for the update Graham
i have the barclay apple rewards credit card and you get apple gift cards every 2500 points lmao 💀
Can I get apple pie with it? Guess that is all I have to say on this video for now.
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.
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….
Wtf! I just noticed, that i didnt subscribe to you. Weird i watch many videos of you.
Apple credit card?? Dislike! Unsub!
love hearing your perspective graham! can you do a video about your thoughts on uber and lyft IPOs since theyll be going public soon?
Do you move your camera between cuts? :hmmm:
Graham takes on the responsibility of a teacher. Great job.
Would like to see a video on repairing credit after having something in collections. I know many people who are trying including myself
Getting my Galaxy S10+ in a few weeks !
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
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!
What do you think of the credit card Petal
Graham, can you do a video on your opinion of investing in newly developed homes as rentals
Apple is going into the credit card industry to find out what it’s consumers buy. Because they ain’t buying iPhones anymore 😂
Interesting
Didn't make minimum payment on Apple credit card. iPhone stops working weirdly
Someone shuld put you on your place.. mister click bate
G@S sucks… they f&+^k me and i never trust them. This is like the (i ran)?? Made my niky