5 ms·

Probably payment on GS backend was processed late even if customer initiated payment on the due date. So customer was charged interest. I was an early adopter

by xyst 2y ago

Probably payment on GS backend was processed late even if customer initiated payment on the due date. So customer was charged interest. I was an early adopter of the AC during my Apple glazing days. Everybody has the same due date (end of month) and GS systems just could not handle the volume. I remember an auto payment taking a week to withdraw from my bank account and applied to account. I wasn’t charged interest and didn’t have an installment at the time though. I believe installments were introduced a year later after AC was generally available.

rootusrootus 2y ago
> an auto payment taking a week to withdraw from my bank account As an aside, for anyone using an Apple Card today, a handy way around this is to not make payments via ACH. Use your debit card with Apple Pay to pull money instantly into Apple Cash, then use that to instantly pay your credit card bill. An extra step, sure, but it's instant.
- NavinF 2y ago
  Related: Most banks let you pay credit cards over the phone using a debit card. This is usually intended for debt collection though, so you may have to have to call the debt collection phone number to do it. Of course the main use case for tech people is maxing debit card rewards until they close your account :)
  - minhaz23 2y ago
    Churning? Can u tell me more abt that please in the process of doing a few but dont want to mess up. Any tips?
- xyst 2y ago
  This isn’t needed anymore. Credit is applied to account if autopay is setup. I guess it’s only reversed if ach fails due to insufficient funds. Personally I have a bank account that I use solely for the purpose of auto pay/ach. It’s only funded with enough money to pay creditors.
- wkat4242 2y ago
  Why would you even use a credit card if you have the money? You don't have to bother with the loan aspects of the card then (and the paying off). You could just use a debit card. This is what keeps me from even considering an apple card, I don't need any credit and getting credit registered against my name will make it more difficult to get a mortgage.
  - strulovich 2y ago
    Credit cards provide kickbacks (ahem, cashback) to customers while virtually all products cost the same for debit or credit. If you use debit, you might be leaving 2% of the deal on the table. (But you are helping the merchant, which could be a good reason)
  - 3836293648 2y ago
    The american credit system favours those who pay by credit card and pay it back on time. Something something credit scores. Seems crazy for end users but I understand it from the banks' perspective
    - wkat4242 2y ago
      Aha I see, I'm in Spain. My bank told me they definitely favour those who can live their lives without having to take loans at all. Any loans get subtracted from the maximum possible mortgage, this includes credit cards at their maximum authorised credit level(!). Also, we have to pay 20% of a house in hard cash here so anyone looking to buy one is saving substantial money. So you have a decent buffer. There's no point in taking out credit if you can supply your own.
  - monetus 2y ago
    > Why would you even use a credit card if you have the money? I get ten percent cash back on groceries right now. It is subsidized in a sense, and builds out an advertising portfolio on me - those are questionable - but it is money in my pocket.
    - wkat4242 2y ago
fastball 2y ago
It actually sounds like some customers thought any Apple purchase would be eligible if they paid with their Apple Card, but that is not how it works – you actually need to choose the interest-free monthly installment option when buying the device. A case of potentially misleading advertising, but also customers being dumb. I personally found the whole process quite clear with regards to how the interest-free installment plans work. For example, that is not even an option if you try to buy an Apple device from an Apple Store outside of the US, even if you already have the Apple Card. You just get the max 3% cashback.
- justinclift 2y ago
  > I personally found the whole process quite clear ... Maybe there were earlier versions of the advertising/process that weren't as clear, and it was made clearer over time?
  - fastball 2y ago
    Possibly, but I got my Apple Card in early 2020, so fairly soon into the program.
justinclift 2y ago
> Apple glazing What is "Apple glazing"?
- fancy_pantser 2y ago
  apple glazing:apple::navel gazing:orange
- DaSHacka 2y ago
  Its a term common amongst sussy sigma zoomers paying Fanum Tax to Baby Gronk in Ohio (blud thinks he's edging a goofy ahh Kai Cenat, we ain't rizzing outta the goon cave with this one) that Grimace Shake Skibidi glaze was craaaazy bro frfr no cap on bussin
- aembleton 2y ago
  No idea, and there's nothing on Urban Dictionary https://www.urbandictionary.com/define.php?term=apple%20glazing https://www.urbandictionary.com/define.php?term=apple%20glaz...
  - jazir 2y ago
    http://glazing.urbanup.com/17626225 http://glazing.urbanup.com/17626225

by xyst 2y ago

rootusrootus 2y ago

> an auto payment taking a week to withdraw from my bank account As an aside, for anyone using an Apple Card today, a handy way around this is to not make payments via ACH. Use your debit card with Apple Pay to pull money instantly into Apple Cash, then use that to instantly pay your credit card bill. An extra step, sure, but it's instant.

NavinF 2y ago
Related: Most banks let you pay credit cards over the phone using a debit card. This is usually intended for debt collection though, so you may have to have to call the debt collection phone number to do it. Of course the main use case for tech people is maxing debit card rewards until they close your account :)
- minhaz23 2y ago
  Churning? Can u tell me more abt that please in the process of doing a few but dont want to mess up. Any tips?
xyst 2y ago
This isn’t needed anymore. Credit is applied to account if autopay is setup. I guess it’s only reversed if ach fails due to insufficient funds. Personally I have a bank account that I use solely for the purpose of auto pay/ach. It’s only funded with enough money to pay creditors.
wkat4242 2y ago
Why would you even use a credit card if you have the money? You don't have to bother with the loan aspects of the card then (and the paying off). You could just use a debit card. This is what keeps me from even considering an apple card, I don't need any credit and getting credit registered against my name will make it more difficult to get a mortgage.
- strulovich 2y ago
  Credit cards provide kickbacks (ahem, cashback) to customers while virtually all products cost the same for debit or credit. If you use debit, you might be leaving 2% of the deal on the table. (But you are helping the merchant, which could be a good reason)
- 3836293648 2y ago
  The american credit system favours those who pay by credit card and pay it back on time. Something something credit scores. Seems crazy for end users but I understand it from the banks' perspective
  - wkat4242 2y ago
    Aha I see, I'm in Spain. My bank told me they definitely favour those who can live their lives without having to take loans at all. Any loans get subtracted from the maximum possible mortgage, this includes credit cards at their maximum authorised credit level(!). Also, we have to pay 20% of a house in hard cash here so anyone looking to buy one is saving substantial money. So you have a decent buffer. There's no point in taking out credit if you can supply your own.
- monetus 2y ago
  > Why would you even use a credit card if you have the money? I get ten percent cash back on groceries right now. It is subsidized in a sense, and builds out an advertising portfolio on me - those are questionable - but it is money in my pocket.
  - wkat4242 2y ago

fastball 2y ago

It actually sounds like some customers thought any Apple purchase would be eligible if they paid with their Apple Card, but that is not how it works – you actually need to choose the interest-free monthly installment option when buying the device. A case of potentially misleading advertising, but also customers being dumb. I personally found the whole process quite clear with regards to how the interest-free installment plans work. For example, that is not even an option if you try to buy an Apple device from an Apple Store outside of the US, even if you already have the Apple Card. You just get the max 3% cashback.

justinclift 2y ago
> I personally found the whole process quite clear ... Maybe there were earlier versions of the advertising/process that weren't as clear, and it was made clearer over time?
- fastball 2y ago
  Possibly, but I got my Apple Card in early 2020, so fairly soon into the program.

justinclift 2y ago

> Apple glazing What is "Apple glazing"?

fancy_pantser 2y ago
apple glazing:apple::navel gazing:orange
DaSHacka 2y ago
Its a term common amongst sussy sigma zoomers paying Fanum Tax to Baby Gronk in Ohio (blud thinks he's edging a goofy ahh Kai Cenat, we ain't rizzing outta the goon cave with this one) that Grimace Shake Skibidi glaze was craaaazy bro frfr no cap on bussin
aembleton 2y ago
No idea, and there's nothing on Urban Dictionary https://www.urbandictionary.com/define.php?term=apple%20glazing https://www.urbandictionary.com/define.php?term=apple%20glaz...
- jazir 2y ago
  http://glazing.urbanup.com/17626225 http://glazing.urbanup.com/17626225