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Apple announces Apple Card credit card

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Re: Apple announces Apple Card credit card

#461

Post by r00fus »

photonios wrote: post #449

I got all excited and then realized that almost none of the new services that were announced will offer me anything as a European. Apple Card most likely won't be coming to Europe any time soon. The streaming service is also not likely to come to Europe as it includes US-only services such as Hulu and Amazon Prime. I am aware that this is a bit of a 1st world problem, but all of these services being US-only can be re…

Hey I'd feel lucky. In some ways, being behind the curve on things means you get to keep your idyllic ways for a bit longer.

Took until mid-2000s before France got Neoliberal/Neoconservative (two sides of same coin) politicians in power for example.

Re: Apple announces Apple Card credit card

#462

Post by GeekyBear »

samstave wrote: post #407

I am going to state my unpopular opinion once again on HN, but so be it: SCREW GOLDMAN SACHS. So - with that said, without getting mad at me, look at the long history of shenanigans that GS is responsible. Lets start first with the Wolf of Wall Street (the movie) -- if you're not familiar, GS helped the PM of Malaysia rob the country of ~4 billion in profits, from which one of the Playboy-money-guys from Malaysia, st…

They are also using MasterCard's payment network.

Given the recent revelation that Google was buying everyone's transaction data from MasterCard, I would want to hear them match Goldman's promise not to sell or share your transaction data.

>Of course, Google has been able to track your location using Google Maps for a long time. Since 2014, it has used that information to provide advertisers with information on how often people visit their stores. But store visits aren’t purchases, so, as Google said in a blog post on its new service for marketers, it has partnered with “third parties” that give them access to 70 percent of all credit and debit card purchases.

https://www.technologyreview.com/s/607938/google-now-tracks-...

>Google and Mastercard Cut a Secret Ad Deal to Track Retail Sales

https://www.bloomberg.com/news/articles/2018-08-30/google-an...

Re: Apple announces Apple Card credit card

#463

Post by angott »

durability wrote: post #451
photonios wrote: post #449

I got all excited and then realized that almost none of the new services that were announced will offer me anything as a European. Apple Card most likely won't be coming to Europe any time soon. The streaming service is also not likely to come to Europe as it includes US-only services such as Hulu and Amazon Prime. I am aware that this is a bit of a 1st world problem, but all of these services being US-only can be re…

I get Amazon Prime Video in Holland.

We all get Prime Video in Europe, but the problem is that much of the content is restricted to customers in the States. Unfortunately, Prime Video in Europe consists mostly of content produced by Amazon, because they have world-wide rights on it.

Re: Apple announces Apple Card credit card

#464

Post by kirbypineapple »

microdrum wrote: post #387
amluto wrote: post #376

This sounds like a mediocre credit card (2% back but only with Apple Pay — if you’re okay with cash back on only some transactions, there are much better cards) with some benefit in the form of a nice experience. I guess that, if Apple’s marketing power can sell a ton of these, there’s considerable upside for them, but it doesn’t sound like a truly impressive innovation.

It's 2% cash back on Apple Pay, 3% cash back on Apple products, and 1% cash back on non-Apple Pay, non-Apple products. Do you know a better card that always gives 2% cash back, no cap?

The Capital One card I have is 2% back on everything in the form of travel rewards. Any purchase that is categorized as travel (taxis/ride share, flights, hotels, touristy purchases) can be instantly redeemed at the 2% rate even if you don't have enough points to erase the entire purchase. Purchases can be erased up 90 days after they happen.

If you want straight cash it's 1.5%.

Re: Apple announces Apple Card credit card

#465

Post by angott »

r00fus wrote: post #461
photonios wrote: post #449

I got all excited and then realized that almost none of the new services that were announced will offer me anything as a European. Apple Card most likely won't be coming to Europe any time soon. The streaming service is also not likely to come to Europe as it includes US-only services such as Hulu and Amazon Prime. I am aware that this is a bit of a 1st world problem, but all of these services being US-only can be re…

Hey I'd feel lucky. In some ways, being behind the curve on things means you get to keep your idyllic ways for a bit longer. Took until mid-2000s before France got Neoliberal/Neoconservative (two sides of same coin) politicians in power for example.

How does politics relate with international availability of content on streaming services?

Re: Apple announces Apple Card credit card

#466

Post by dharma1 »

lol768 wrote: post #438

This is interesting to observe from the UK. - Cashback is generally lower here because interchange fees are regulated/capped to 0.3% for personal credit cards and 0.2% for personal debit cards. Offers of 2% cashback simply won't work outside the US so I'll be curious to see how (if?) they try and expand this globally. - "All of the spending tracking and other information is stored directly on the device, not Apple’s…

New for the US

Re: Apple announces Apple Card credit card

#467

Post by jammygit »

“Goldman Sachs will never sell your data to third parties for marketing and advertising.”

What if we wanted a more general promise to not sell our data at all? Or to not use it for anything at all except for processing transactions? The loophole is so big one could drive a truck through it

Re: Apple announces Apple Card credit card

#468

Post by naravara »

saryant wrote: post #382
naravara wrote: post #358

Earlier quoted context omitted.

>Yes, and ultimately Goldman Sachs is a bank and will be held accountable for anything that happens. The jokes almost write themselves. . .

Retail banking, especially credit, is much more regulated than the investment banking shenanigans that led to the 2008 crisis.

While true, I feel like many of the perks of Apple's offering are well over and above the regulatory mandates that credit card issuers are held to.

Re: Apple announces Apple Card credit card

#469

Post by r00fus »

ceejayoz wrote: post #351
matwood wrote: post #349

Earlier quoted context omitted.

> rewards illusion Maybe if you don't pay your balance every month, but the rewards are very real for me.

The rewards may be real, but so are the cost increases the merchants gradually put in place to offset them.

It's like a vig the retailers pay to participate, where part of that is split with the consumers.

Re: Apple announces Apple Card credit card

#470

Post by baddox »

naravara wrote: post #195
m3kw9 wrote: post #184

Earlier quoted context omitted.

Banks are pretty big too

Banks are also much more heavily regulated than tech companies. Yes, they've mostly captured all the regulators at this point so it's like the foxes running the henhouse, but at least in theory that's how it's supposed to work. . .

Isn't it much worse to have big companies in a heavily-regulated industry where those big companies largely control the regulations? Surely they will influence the regulations to increase barriers of entry into their industry.
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