this post was submitted on 19 Jul 2023
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Losses by creditors doesn't mean people aren't buying things. It's means they aren't paying their bills.
Did I stutter? How does that happen when the card was offered to Apple buyers? These people have the money. Unless they lowered the initial entry criteria, this shouldn’t have been that difficult.
You just said they are willing to spend money. That doesn't make them able to pay it back. Apple consumers are not wealthy... Hell there's a ton of living in an efficiency apartment, paycheck to paycheck folks that buy every new iphone on release.
Getting approved for a credit card has never been that hard. You just need to be reasonably on top of your debt payments for a while, not over leveraged to a wild degree and they'll give you a new one.