Budget Burndown Gives You a Visual Spending Tracker

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Budget Burndown is a new financial app for the App Store that gives you a nice, visual spending tracker so you can quickly see where your money is going. Features: At-a-glance visibility into how much you’re spending against your monthly budget; View your total amount spent and all of your transactions across multiple cards in a single list; Your bank credentials are end-to-end encrypted, so your information is completely safe; Get helpful features like the home screen widget, custom notifications, editable transactions, and multiple linked cards; and you don’t have to create an account; just link whichever cards you want to track. Additionally, I also personally approve of its privacy policy. App Store: Budget Burndown – Free (Offers In-App Purchases)

Apple Prepares to Offer Bonds to Fund Share Buybacks

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Apple is preparing a bond offering to raise money for share buybacks so it doesn’t have to dip into its cash hoard. The company hasn’t offered bonds since 2017.

We estimate the net proceeds from sales of the notes will be approximately $ , after deducting underwriting discounts and our offering expenses. We intend to use such net proceeds for general corporate purposes, including repurchases of our common stock and payment of dividends under our program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of debt.

Comparing Apple Card's Privacy to Other Credit Cards

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Geoffrey Fowler compared an Amazon credit card with Apple Card to see which one is more private. The knee jerk response is to say Apple, and it’s true that Apple does have more privacy than others. But when it comes to the Apple Card, that privacy only appears under certain circumstances.

Despite a federal privacy law covering cards, I found that six types of businesses could mine and share elements of my purchase, multiplied untold times by other companies they might have passed it to. Credit cards are a spy in your wallet — and it’s time that we add privacy, alongside rewards and rates, to how we evaluate them.

Bottom line: Neither Apple nor Goldman Sachs collects or shares your data. But retailers and card networks like Mastercard can still collect and sell your purchase data.

Emmanuel Macron Says its Crazy That Apple Gets Tax Haven

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Apple with bags of money

French President Emmanuel Macron says it’s crazy that companies like Amazon, Apple, Facebook, and Google get a “permanent tax haven status.”

The reference to ‘tax haven status’ relates to practices used by Apple and others to funnel profits on European sales through Ireland, and then to claim large deductions for R&D costs incurred in the US. There have also been accusations that Apple assigns most of its European profits to a subsidiary which exists only on paper and which pays no taxes anywhere.

Does the Apple Card Count as a Mastercard World Elite?

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Redditor u/mdhardeman did some digging into the Apple Card. After running a test transaction they found that the card was listed as a Mastercard World Elite.

The Mastercard World Elite consumer credit cards are significantly more expensive to accept than a plain Mastercard credit card or basic rewards card. In exchange, the theory goes, Mastercard ensures that those cards only make it into the hands of premium consumers who, on average, spend more on many purchases and have a larger amount of disposable income. In exchange, Mastercard demands the higher reimbursement for the card issuers to be able to fund a benefits package that will attract heavy spenders to their World Elite card products.

Apple Customers Get Weird Email About Apple Card

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Last night, Apple sent the next wave of invitations for Apple Card, but there seems to be a goof in the system. The email said that the early invitation is waiting, but the email address Apple has on file is wrong. You can click a link in the email to supply the correct one.

There are multiple reports on Reddit of people receiving the email who are 100 percent sure they signed up with the correct Apple ID email address…Several users have contacted Apple Support, who are apparently aware of the issue and it has been forwarded to the Apple Card engineering team. Still, it’s worth noting that some users may have also received the email for the right reason – because they didn’t use the email address associated with their Apple account.

I too got the email last night, but since it arrived at an address no longer associated with my Apple ID, my email was probably legitimate in that I didn’t sign up with the correct one.

Low Credit Score? No Problem, You Could Still Get an Apple Card

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Goldman Sachs is accepting “subprime” applicants for Apple Card, meaning people with a low credit score.

While there is no standard definition for who qualifies as subprime, most fall under a FICO score of 660, and their loans often sour before borrowers with higher credit scores. Ten years ago, big lenders got into trouble when irresponsible loans made to subprime mortgage borrowers defaulted, helping create the worst excesses of the financial crisis.

I think this is great. Apple Card revolves around helping you pay off your credit as soon as possible, and tells you the minimum payment you need for a zero-interest payment. You might still get a high APR, but as long as you don’t carry a balance that won’t affect you. As we head into another school year, Apple Card could be a good choice for college students who may have low credit.

Apple Card Doesn't Support Financial Apps

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Within Wallet, your Apple Card will display transaction categories, transaction history, total spending, and more. But you won’t be able to export that data to financial apps.

As financial apps like Mint and software like Quicken are popular with many people, it’s possible that Apple will add support for exporting data in the future. Right now, Apple Card data and transactions can be viewed and managed only on the iPhone and the iPad, with no web support available.

Mastercard Benefits for Apple Card Customers

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While Apple is busy rolling out its credit card to customers, Mastercard shared some benefits you’ll get with the card. Both companies clearly prefer Apple Card to be your default payment method, and maybe these extra features will entice you. Here is one:

Mastercard ID Theft Protection

A complimentary service that will alert you about possible identity theft by monitoring the surface, dark and deep web, searching for compromised credentials and potentially damaging use of your registered personal information.2 To enroll, visit applecard.idprotectiononline.com.

Apple Card Rolls Out to Select Users Today

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Apple Card preview is rolling out today to a select group of users who signed up to be notified of the release, although we don’t know if it’s all users who signed up or a small group.

Apple Card is getting its first group of public test users today. A limited amount of customers that signed up to be notified about the release of Apple Card are getting the ability to apply for the card in their Wallet app today — as well as the option to order their physical Apple Card. A full rollout of Apple Card will come later in August. It requires iOS 12.4 and up to operate.

Apple Previews Apple Card Sign Up Process

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Apple’s wallet.apple.com website gives people a video on how to apply for Apple Card, which consists of opening the Wallet app and tapping the plus (+) button on the upper right.

Before you start, there are a few things to check: You are a US citizen or lawful resident at least 18 years of age or older. Make sure you’re on the latest version of iOS. Learn here how to updateApplying for Apple Card requires an iPhone that can use Apple Pay. Check here to see if your device is compatible.

I can’t wait for the launch, and will be signing up.