When Apple recently announced plans for its own credit card, I think my jaw opened just as wide as everyone else as our eyes focused on its beautifully clean slate and accompanying money management tools. The card should have been announced by now -- especially with this week's release of iOS 12.4 which supports the card -- but sadly no launch date has yet to be revealed. While I initially salivated over owning this card, I think that with the long passage of time since its announcement, I am thinking with a clearer head about actually signing up for it. First, I worry about the drop in my credit score. I work hard to maintain a high score and applying for this new card is going to put a hit on it, although temporarily. Secondly, I really question the perks that come with this card. Outside of buying Apple products with it you only get 1% cash back on other purchases, that is unless you use Apple Pay (if available) which garners 2%. I suppose that puts the Apple Card at the level of most other reward cards, but I really question how much I am going to use it. Would like to know your thoughts and if you plan on signing up for the card once its available.