@omegafalcon wrote:Could it happen? Chase is already one of Apple's biggest credit card partners for transactions happening at Apple Stores, online, and the app store.
one can only hope
@omegafalcon wrote:Could it happen? Chase is already one of Apple's biggest credit card partners for transactions happening at Apple Stores, online, and the app store.
Current Apple Card SUCKS for rewards! Whoever picks them up better have something better than 2% rewards!
Chase or AMEX would be great, as you said they offer much better rewards for Apple product then Apple Card!
I may go after them if they get there, unless is to Sync...
@CreditCuriosity wrote:highly doubt it to high of risk for Amex or Chase due to apple wanting very relaxed UW standards will be a lender that has a tolerance for possible loses
Chase gave in to Amazon so why not Apple, AMEX probably not! Realistically Cap1 could work for them with different tier of qualification, but at the end all roads ends to Sync. Now if I'm Robinhood/X1 making a run at it could legitimatize my credit card portfolio.
I think even Synchrony may take issue both with the pretty soft UW standards and the very high max limits that some people with excellent credit have gotten. Doesn't synch normally cap out at $25k? I think Capital One would reel in CLs and CLIs as well. In general Apple's going to have to give in and accept that it's going to have lower limits offered or a higher UW standard if not some of both.
There's a chance that Apple begins to underwrite the card themselves. They created a financing arm (Apple Financing LLC) for their Pay Later platform, and it would be logical/possible to integrate that into their existing playform.
I seriously doubt Chase/Amex/Cap1 are going to touch this with a 10ft pole. Synchrony or Comenity are the only ones on the table as far as I'm concerned.
