On: Apple introduces Apple Pay Later

[jpollock]

They typically don't pull a credit score, or register a loan. They try to maintain a continuous auth for the next month's payment.

That essentially lowers your credit card limit by the payment amount for the lifetime of the loan.

If any single payment fails, they will then try and go for the remainder.

[logicalmonster → jpollock]

I don't think a credit pull is the biggest concern here.

Couldn't using this reduce the average age of your accounts, which is a big factor in credit score calculation?

[_skel → logicalmonster]

The only thing that reduces the average age of your accounts is opening new accounts or closing old ones.

[jpollock → logicalmonster]

It doesn't register a loan, so there's no new account to affect credit score?

[logicalmonster → jpollock]

You used the word "typically" in the last post, which isn't a very precise or confidence inducing word when dealing with something important to your life.