Apple announces Apple Card credit card • Hacker News Board

Re: Apple announces Apple Card credit card

#541

Post by chx » Mon, Mar 25, 2019, 9:29 PM UTC

photonios wrote: post #538

chx wrote: post #511

Earlier quoted context omitted.

This entire field is completely messed up. One of my favorite movies this year is from India, I don't usually see Bollywood movies but Manikarnika rocked. It opened in January and now, it's been out on Amazon Prime since Saturday: https://www.justwatch.com/ca/search?q=manikarnika In Canada. In the USA? https://www.justwatch.com/us/search?q=manikarnika Not so much. This only drives piracy -- it obviously has been ripp…

Totally true. This is why I got excited for Apple TV+ for a minute. A single interface to access to all of these services is totally worth my money. I often thought about building something like this, but always came to the conclusion that the potential legal problems are not worth it. justwatch.com is a life saver when it comes to figure out where to get the content from. +1 for justwatch.com!

> This is why I got excited for Apple TV+ for a minute. A single interface to access to all of these services is totally worth my money.

No way Disney and Netflix and Amazon Prime will give their programming to Apple.

Re: Apple announces Apple Card credit card

#542

Post by csbowe » Mon, Mar 25, 2019, 9:29 PM UTC

> There will be a physical titanium card, too, but there’s no credit card number, CVV, expiration date, or signature. All of that authorization information is stored directly in the Apple Wallet app.

Does this mean that the card doesn't contain sensitive information in the chip or mag stripe? Will only work if it's near your phone?

If so, this is quite different from status quo, and touches on what the Coin card failed to do.

Re: Apple announces Apple Card credit card

#543

Post by downandout » Mon, Mar 25, 2019, 9:29 PM UTC

It's bad that the card doesn't have a printed number on it. Many merchant systems require merchants to type in the last 4 printed digits on the card for transactions over a certain amount. Some hotels require it, no matter what the amount. These transactions won't go through with Apple Card.

Re: Apple announces Apple Card credit card

#544

Post by ehsankia » Mon, Mar 25, 2019, 9:31 PM UTC

bradfitz wrote: post #501

mikelward wrote: post #404

Earlier quoted context omitted.

They said it doesn't have anything embossed or printed on it, and call it "beautiful", so I doubt it'll have a mag stripe.

You can see what sure looks a mag stripe at 2m58s in the video at https://www.theverge.com/2019/3/25/18277417/apple-pay-credit... Disappointing.

I'm curious to know what the percentage of places are that 1. Support contactless 2. support chip 3. only support swiping.

Secondly, I wonder if they can, for example, have a different number on the swipe, and have that number require extra security (such as approving each transaction on your phone).

Re: Apple announces Apple Card credit card

#545

Post by S-E-P » Mon, Mar 25, 2019, 9:32 PM UTC

What a shock

Re: Apple announces Apple Card credit card

#546

Post by jumbopapa » Mon, Mar 25, 2019, 9:33 PM UTC

dwighttk wrote: post #536

jumbopapa wrote: post #261

Earlier quoted context omitted.

Well if you want to maximize rewards you could use: - Chase Freedom / Discover It (Quarterly 5% categories (examples: Wholesale, Gas, Grocery, Department Stores, Mobile Pay, Home Improvement, etc.)) - Uber Visa (4% Dining, 3% Travel, 2% Online Purchases, 1% everything else) - American Express Blue Cash Everyday (3% Grocery, 2% Gas/Department Stores, 1% everything else) - Citi Doublecash (2% everything) - Costco Visa…

That American Express one looks nice, though reading about the points feels like a shell game. I think I could use it simply enough just for gas and groceries. The site was really trying to push me towards one of the $95/yr upgrades though.

If you spend roughly $3000 annually on groceries and gas the preferred ($95/yr) card is good. If you're interested in grocery and gas rewards then you may like the Pen Fed Platinum Rewards Visa Signature more.

Re: Apple announces Apple Card credit card

#547

Post by marcrosoft » Mon, Mar 25, 2019, 9:33 PM UTC

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'm surprised you're not used to it by now.

It's much easier to launch new ventures in the US due to considerably less regulation.

Re: Apple announces Apple Card credit card

#548

Post by davb » Mon, Mar 25, 2019, 9:34 PM UTC

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…

> "Apple also says that it’ll use machine learning and Apple Maps to label stores that you use in the app, and use that data to track purchases across categories like “food and drink” or “shopping.” " - I guess this is novel in the United States, but challenger banks like Monzo/Starling have been doing this for a number of years.

And even then, I don't think any machine learning is needed here. Monzo use the Merchant Category Code (https://en.m.wikipedia.org/wiki/Merchant_category_code) to categorise purchases and public/commercial data sources like Google, Twitter and Foursquare (see https://community.monzo.com/t/where-does-monzo-get-its-icon-...) to get merchant locations, "friendly" names and logos.

Re: Apple announces Apple Card credit card

#549

Post by roddds » Mon, Mar 25, 2019, 9:35 PM UTC

marcrosoft wrote: post #547

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'm surprised you're not used to it by now. It's much easier to launch new ventures in the US due to considerably less regulation.

I'm reasonably sure that the parent commenter's problem is more about licensing than regulation.

Re: Apple announces Apple Card credit card

#550

Post by jakebasile » Mon, Mar 25, 2019, 9:36 PM UTC

rietta wrote: post #312

I want to know what sort of extended warranty insurance they will provide. There was no mention of this in the presentation today. They mentioned giving 3% cash back on anything bought from Apple. Right now American Express is giving me 3% back on all computer purchases and extending AppleCare by 2 additional years. I made the most recent purchase with that card via Apple Pay. So if I went out and bought a new MacBoo…

If it doesn't have a good extended warranty, purchase protection, and so on I can see myself getting it for fun but I wouldn't use it as my daily driver. My Amex has these things and it's one of the primary reasons I use that card.