저자: Kevin · 외국인
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애플 신용카드 출시 소식을 다루며, 애플카드가 620점대 저신용자에게도 무담보 카드를 내주는 것이 서브프라임 대출과 유사하다고 주장. 현금백 혜택(현금 1%, 애플페이 2%)과 신용점수 관리 측면의 이점을 설명. 자산 가격 예측 발언은 없고 부동산 투자 및 신용 쌓기 조언 중심.
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Apple may have just killed the entire secured credit card marketplace and on breaking news regarding not only the release of the Apple credit card but dramatic information about what we know what just got discovered and what you need to know as far as how it's going to make you money therefore let's get started with oh and remember you can meet me in Seattle in seven days with Austin Miami and San Francisco after that first things first what do we know well we know you can't buy Bitcoin with the Apple credit card we also know that the Apple credit card has some pretty cool and unique features like not actually having a credit card number on the actual card instead of giving you a randomly generated card number anytime you want to buy something online most of the credit card has its home inside apples official wallet app letting you pay it off see your immediate cash back rewards and avoiding a lot of fees that are ordinarily charged by credit cards we also know that if you use the physical card you'll get 1% back if you use Apple pay you'll get 2% back which is on par with the city double cash card a card that recently stripped most of its benefits and has fallen out of at least of my favor I won't be using that card anymore but you'll also get 3% back at Apple which is slightly weaker than the 5% back you would see using an Amazon card or the 5% back using a store card like a target or a Lowe's card but something bigger than Bitcoin is about to happen and no I'm not talking about people investing in gold because they're fearful of a hyperinflation although I seem to be getting a ton of Instagram dm's about that anyway here's the real shocker and then let's talk about how it could make you money the Apple credit card might be a subprime a credit card you might be wondering what the heck is that well let me enlightened you remember the 2008 a mortgage crisis and subsequent recession you probably can't forget it in fact it's probably etched into so many of our minds that so many of us think to ourselves oh my gosh I'll never buy a house again and I get it because I read this book every single day about the financial crisis and what the heck happened anywho let's talk about subprime goldman sachs payday 500 the million dollar a settlement with the Security and Exchange Commission also known as the SE C the same people who went after Elon Musk for his tweets due to Goldman Sachs defrauding of investors related to the sale of subprime mortgage of products which a quick example of a subprime mortgage product is a home loan made to somebody that can't afford to repay the debt has terrible credit or maybe doesn't even have a job or documentation of any kind of assets this and related products that were created out of thin air were a big part of the 2008 recession well so what does this have to do with the Apple credit card well according to breaking news Apple might be in the business of releasing the Apple credit card to subprime borrowers and it just so happens Goldman Sachs is the company behind the Apple what credit card or the bank behind the Apple credit card a credit card created by Apple not a bank created by clever Apple typically anybody under a 660 credit score is going to have a difficult time getting what's known as an unsecured to credit card an unsecured credit card is the kind of credit card where you can just call up a credit card company apply online for the card or however you want to apply and you end up getting a revolving line of money that you have access to you should start with swiping your credit card and using it without giving any kind of money up front like a security deposit well if you have less than a 660 credit score according to nerd wallet your best bets are usually only secured credit cards where you have to give the bank money before they let you spend your own money and the theme is hey if you give us money so you could spend your own money we hope to make money off you not only in fees by you using the card but also hopefully you're just gonna not pay your credit card bill and pay a bunch of interest when you eventually decide to pay it back nerd wallets favorite cards are the Capital One secured and the discover it card I've personally talked about the discover it card I think it's great if you can get the card but the last time I talked about it a bunch of people were telling me they could not even get approved for the discover it secured card that is discover wouldn't even take them despite people handing discover money so the people could spend their own money they got denied for secured credit cards with credit scores between 620 and 660 that's shocking now if you are looking for a secured card the discover it card is a great card because you do get one percent cashback on almost everything you get some bonuses as well which is a great introduction to getting bonuses and rewards from credit cards at least until you get to the level of like a 680 credit score or above to get into say the city double cash or the chase or American Express card platforms however Citi double cash not a big fan of that one anymore well enter again the Apple credit card Apple is reportedly accepting applications from people with credit scores as low as 620 that's that threshold where people are having trouble getting secured credit cards and Apple is giving them unsecured credit cards according to the CNBC article that broke the news as somebody with a 620 credit score got an over $700 credit limit with the Apple credit card two minutes after applying for the card through the wallet app now there are three things this means to you and your money and the third reason is particularly important so make sure to stay for these reasons smash the like button and thank you so much all of those of you who sent me this article on Instagram I really appreciate you supporting the meet Kevin report now let's talk about the three ways this is going to make you money number one if you do not yet have a cashback a credit card I highly recommend you get the Apple credit card it's like walking around with a 2% off a coupon for absolutely every single store you go to now if you are a member of the city double cash card where again so many of your benefits are being stripped I highly recommend you can that card because if you want a lack of overall benefits you may as well use the Apple credit card yes the Apple credit card does not give you extended warranty protection or travel perks or some of the other common a protections like car rental reimbursement or theft protection this is very unfortunate for the Apple credit but it makes sense since Apple seems to be appealing to pretty much anybody with a pulse that's why if you're using the city double cash you may as well cast your vote to support the industry via the Apple credit card rather than the city bait-and-switch card and sorry if I sound a little pissed about the city double cash okay I've been recommending that card for ever and now people are like Kevin you said the card was good and now you're saying it's not what's up yeah well city's at fault here cities to blame you know I got point all my fingers cities to blame now money fact number two if you end up getting the Apple credit card I recommend using it as part of your arsenal of other credit cards such as the chase unlimited of freedom obviously if you're using the regular chase of freedom and the Chase Sapphire reserve as well you are using my absolute favorite cash back rewards a bundle I personally use that bundle so I don't know how much I'm going to be using the Apple credit card but I'll probably be using it solely out of bitterness for disliking city so what else are you doing by getting an Apple credit card while you're actually following the vision of Steve Jobs Steve has reportedly over three times since the 90s attempted to introduce an apple style credit card and quote had an aversion end quote to rejecting any of his customers for the Apple credit card so Steve Jobs could actually be behind the push towards offering this card to people even with low credit scores although I suppose it's also possible that Apple is secretly mining your financial data while you're using every app on the phone and is secretly coming up with its own credit score that is complete speculation I literally just made that up it's not even on the outline that I wanted to talk about it's just the stuff that rolls out of my mouth please do not sue me Apple and see when I talk about getting sued I ain't doing an April Fool's joke either now how is the Apple credit card actually going to make you money well first things first if you do not yet have a credit card this is going to be one of the best ways for you to build your credit if you've already built a credit and this is a good opportunity for you to think to yourself don't be that person that says well I have an eight hundred credit score I don't want to apply for any thing because I don't want my score to go down the problem with the majority of those thinkers which admit it there are a lot of us we all want to be part of the 850 credit score Club the problem with this kind of thinking is it actually prevents you from making money in the best ways possible number one way to make money the best way possible is investing in a real estate a lot of people don't want to even apply for a loan because they're nervous about the impact to their credit and the number one step to getting into real estate investing is obviously applying for a loan and yes eventually people might apply for a loan but I recommend you apply for a loan a lot sooner than you actually think you want to get into real estate we talked about this regularly in the real estate investing course make sure they use that new coupon code a link below because I was bagging on red fin we also talked about in the private live streams why because when you get pre-approved early in the process maybe even as far as a year out before you're thinking about buying you start knowing these are the financial steps I need to start taking to be properly prepared to buy a house in a year or buy an apartment in a year or buy an apartment building in a year so that you're not blindsided down the road unfortunately a lot of people are resistant to having their credit run because they're worried about the impact to their credit getting the Apple credit card is a great way to start building your credit in fact I'm going to make the argument here that the Apple credit card is going to be the absolute best credit score builder because it's an unsecured card and it gives you two percent cashback and a number to applying for it should really give you the motivation to think you know what don't let your credit use you because you want a bigger number just use your credit and know that if you make regular payments and you have that long history of credit usage and low utilization the odds are your credit score is gonna be well above a 760 credit score and realistically you don't need a dime over a seven forty or 760 in some rare cases well folks now I'm going to steal a quote out of the Steve Jobs playbook do you want to sell a sugar-water for the rest of your life or do you want to change the world and we're going to modify that do you want to be boring and pretend to invest in retirement accounts and index funds for the rest of your life or do you actually want to build wealth by buying really good deals in real estate below market value and instead of having your wealth double every seven years you can have your wealth quadruple within the next few years the choice is yours and if you want some more details on the city double cash check out the video here or if you want to see how I made $100,000 buying a house off of Facebook my net worth literally goes 100 thousand dollars check the video right over here
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