Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Apple announces Apple Card credit card

theverge.com

Post reply on HN
Print view View original

81–90 of 778 posts

Re: Apple announces Apple Card credit card

#81

Post by b3b0p »

ckastner wrote: post #4

> get a digital card that they can use anywhere Apple Pay Apply Pay users: how broad is Apply Pay adoption? Is this a viable replacement for a VISA, Mastercard or AMEX? I'm intrigued by the privacy angle to this, seeing as VISA and Mastercard apparently share and/or sell a lot of transaction data with/to third parties. Edit: The article has been updated: As rumored, Apple is partnering with Goldman Sachs for Apple Ca…

I live and work in downtown Minneapolis and it’s becoming rare not to see Apple Pay. I use it whenever possible. It’s convenient and fast.

Re: Apple announces Apple Card credit card

#82

Post by basch »

freyir wrote: post #39
bxio wrote: post #26

Innovative privacy features in exchange for sub-par rewards. RIP us North of the border, though.

2% cash back on all purchases through the phone with no annual fees? I’d wager this is much better than what the majority of Americans currently have.

Costco's card is 4% on gas and 3% on restaurants and travel.

Depending on your spending habits, you are probably better off having 1 general purpose card, and then a card or two from the businesses you spend the most money at (target, amazon, walmart, costco etc) or one that fits your spending profile.

The Apple Card might make a good general spending card, but you should still have one that gets you 4-5% somewhere.

Re: Apple announces Apple Card credit card

#83

Post by jclardy »

ocdtrekkie wrote: post #67

Most interesting claim is that there are no late fees. If you don't pay it on time, I presume they're going to stop letting you continue making charges to the card until you do? But that it never gets you locked into the debt cycle of so many other cards? If true, this is the true real innovation. Or is there interest, but just no fee for not making your payment on time?

There is interest, so you'd still be locked in the cycle. Just a little better off because they don't charge you $30-50 for paying late.

But it appears they are much more forward on telling you how much interest you will be paying if you don't pay off the card.

Re: Apple announces Apple Card credit card

#85

Post by chrisseaton »

cygned wrote: post #13

It sounds like Apple's doing a lot of things very right with Card. I am curious when it's going to be available here in Germany.

I’ve found in the past Germans aren’t always keen on credit cards - they often push back when you try to use them in shops and restaurants and things like ticket machines at railways only seem to take regional debit cards. Trying to use an American Express gets a very bad reaction. Is that changing?

Re: Apple announces Apple Card credit card

#86

Post by eatbitseveryday »

pageandrew wrote: post #58
eatbitseveryday wrote: post #51

Does applying for the card require Apple/GS pull my credit history? I would also prefer this remain unavailable to them.

I'm sure it does. They need to verify that you're qualified for credit. I don't believe Apple itself would be the party pulling your credit history though. They've partnered with Goldman Sachs as the issuing bank, so it would probably be Goldman that runs your credit.

How does this work outside of the USA? The credit system here is only for individuals resident in this country, correct?

Re: Apple announces Apple Card credit card

#87

Post by dwighttk »

athenot wrote: post #60

The 2% cashback is especially interesting (in the US, for purchases done with ApplePay). I guess they can get away with a different risk model when they control more of the payment process & security.

yeah, if CapitalOne doesn't step up pretty quick with Quicksilver (1.5%), I'll probably mozey over to the Apple credit card.

Re: Apple announces Apple Card credit card

#88

Post by _q1p5 »

ckastner wrote: post #4

> get a digital card that they can use anywhere Apple Pay Apply Pay users: how broad is Apply Pay adoption? Is this a viable replacement for a VISA, Mastercard or AMEX? I'm intrigued by the privacy angle to this, seeing as VISA and Mastercard apparently share and/or sell a lot of transaction data with/to third parties. Edit: The article has been updated: As rumored, Apple is partnering with Goldman Sachs for Apple Ca…

Well in France nearly every shopping place accepts contactless payments. So I can basicly use it everywhere here. It’s fast and reliable. I like it.

Re: Apple announces Apple Card credit card

#89

Post by saagarjha »

dwighttk wrote: post #73
siculars wrote: post #34

Earlier quoted context omitted.

I use Apple pay wherever possible. It is far quicker and more convenient than either cash, chip card or swipe in that order. Besides convenience, security and privacy are the backstop for my usage. I just trust Apple more to not be sleezy with my transaction history.

I'm not as much of a fan of it with faceID as I was with touchID. Double tapping the lock button is awkward.

Compared to touching the Touch ID sensor?

Re: Apple announces Apple Card credit card

#90

Post by saagarjha »

mises wrote: post #75
ckastner wrote: post #4

> get a digital card that they can use anywhere Apple Pay Apply Pay users: how broad is Apply Pay adoption? Is this a viable replacement for a VISA, Mastercard or AMEX? I'm intrigued by the privacy angle to this, seeing as VISA and Mastercard apparently share and/or sell a lot of transaction data with/to third parties. Edit: The article has been updated: As rumored, Apple is partnering with Goldman Sachs for Apple Ca…

I don't use it, but I just read (can't remember where) that adoption in America is about 70% of stores and 99% in Australia. This corresponds to another comment's assessment that it was available in about 2/3 of stores.

Yup, they had a slide with those exact numbers on it.
Post reply on HN