My big question is what the interest rates are going to be. Credit cards have turned into a dirty business where people who carry a balance pay exorbitant interest rates, even if they’ve never missed a payment. And the higher the interest rates, the harder it is to pay off the balance. Is that where Apple wants Services revenue growth to come from? Charging people usurious interest rates on their credit card debt?
Maybe if this works out well, they can start making payday loans at Apple stores.
