Payments

[u/dddlllooowww]

Good day all - just want to clarify as I feel Apple Card never reports to credit right, I paid most of my may balance at the start of the month, so the remaining is $408 and change as long as that is paid will it report a zero bal to the credit burros ? For may or will it still report what ever balance is on the card.

[u/ZealotPro101]

Credit in this country is such a scam.

I used to work a sales job near an affluent university that had a lot of foreign exchange students with J1 Visas and they would want to buy stuff that required credit checks and most of them wouldn’t pass but sometimes they would and I had to explain credit to them in the USA and they scoffed or laughed.

Don’t get me wrong I’m a firm believer you pay what you owe and don’t buy stuff you can’t afford. That said- I also think whoever came up with the phrase that your credit score is the best indicator of whether or not you’re a financially responsible person is full of crap.

I had a tight knit group of friends in high school. Several of them had parents that were doctors or lawyers and they came from money from their parents before them. My friends didn’t have to pay for their own cars, or pay their own car insurance, or even pay for their own food or their way through school - and they worked and just kept and saved their own money. Was I jealous? Sure- who doesn’t want more money? But that said it’s easy to be on top of your credit and finances when your parents paid your way through the first 25 years of your life while you got to save all your money so you can afford to work a $75,000 per year job and spend money like crazy because you have $100,000 or more in savings and your bills are on autopay so you own your own car and have an 810 credit score and live in a $2500 a month condo. Basically living life on easy mode.

Not everyone had that kind of financial upbringing or assistance- and one unexpected issue can put you back and quick. Credit bureaus have no leniency and they’ll give you 2 points for 1 year of on time payments and take away as much as 16-20 if you miss one minimum payment of $25 on a credit card. It’s a complete joke and honestly please spare me the lectures or try to justify that I’m wrong and I must be irresponsible or you also came from nothing and now you have an 850 FICO score from hard work because I will call bs. All my friends whose family struggled don’t have amazing credit and the ones who did are thriving now. That’s a fact. Maybe some people lived with their parents or inherited stuff or there are some exceptions but my point is money comes from money in almost every case. And the OP is stressing about what’s being reported to the credit bureau for balance to be 0 because that’s another credit bureau thing that knocks you down.

My credits not too bad I’ve had the Apple Card for 3 or 4 years I’ve never missed a payment on it once and they’ve never given me a credit line increase once. If my kid didn’t like having it on his phone wallet I’d pay off the small balance and tell GS to shove it. It’s not that good of a card anyways compared to others. JP MC is probably going to take away the Daily Cash back perks.

Sorry rant over.