161–170 of 778 posts
Just allow me to create as many 'virtual' credit cards from a single card and that's enough. Every single provider that promised that feature has either underwhelmed, or gone out of business.
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.
Where’s my perks? Lounge access? Hotel discounts? No reason for me to switch from my AMEX or Costco card for puny Apple points. Unless I missed something.
I wish they had a debit card. I would love a debit card with all these features.
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That's not really interesting at all. See Citi Double Cash, Fidelity Visa, PenFed Powercash...
all of those have pretty big caveats. Citi seems the closest to straight 2% assuming you pay off your balance all the time, I didn't notice any limits on how you get your 2%. But they do have late payment fees. PenFed you have to be active duty military to qualify for 2%... Fidelity you have to put your 2% (not going to call it "cash") into a Fidelity product, no balance credits.
I remember reading an article a few years ago that said Apple has so much money overseas, the most logical thing they can do is to start a bank. Can't find it atm (I'm on mobile). But maybe that has changed after the GOP's tax law changes.
They aren't starting a bank. Apple Card is issued by Goldman Sachs and is on the MasterCard network.
How does something like this work in Europe with no signature on the card? When I tried to use a US card without a PIN that I hadn't yet signed, a German checker made a fuss about the missing signature. This isn't a problem in the US where no one bothers checking the signature. What about a brewery I went to this weekend where neither swipe or chip was available for their POS and the card number was manually entered?
AMEX once refunded me $1800 for speakers that were damaged in shipping with some documentation, photos and details about the issue.
Now, customer service varies from bank to bank but AMEX has always had the best customer service in my view, bar none. I wonder how Apple Card will stack up to it.
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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.
Hooray for FaceID!!!