NEW Apple Credit Card 2019: Rumors and Breakdown

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 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

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