Apples new credit card holds a lot of promise, but read the fine print before signing up

▤ Summary

Apple announced a new credit card issued in conjunction with Goldman Sachs at a launch event at its campus on Monday. "On the low end, meaning people with better credit, Apples interest rate is significantly lower than the national average," which was 17.67% , according to a CreditCards.com survey. The Better Business Bureau tracks credit card scams, and spokesperson Katherine Hutt generally agrees the lack of numbers is a good thing. "In a typical scenario, if someone finds your wallet, they go online and buy a large item with your credit card immediately before you cancel," Hutt said. However, Hutt warned, other scenarios are increasingly common, and Apple Card holders shouldnt be lulled into a false sense of security.

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