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Apple Card launches today for all US customers

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Re: Apple Card launches today for all US customers

#91

Post by oblio »

mehrdadn wrote: post #89
oblio wrote: post #78

Earlier quoted context omitted.

Why does it even have a magnetic stripe in this day and age, as a completely new tech product from Apple?

I don't know if this is a false memory but I seem to recall at least one time when I saw a vendor swipe a card because chip didn't work on that particular occasion for some reason. I don't know if magnet is actually more reliable, but it does seem to be that way to me.

In Europe I've never used the magnetic stripe. Across 10+ countries, for the past 10+ years.

Re: Apple Card launches today for all US customers

#92

Post by Shivetya »

js2 wrote: post #34

This is not a card for people looking to maximize rewards. It’s for Apple users who want decent benefits and no fees, who will mostly use Apple Pay. (Apparently it’s also good for folks establishing a credit history who might not otherwise get approved.) I’ve got 300k points between AmEx and Chase and I recently realized I can’t ever use them when I want to. I don’t want to play all the games of which points can I us…

Chase Amazon is also five percent in Amazon reward points when buying from Amazon as an Amazon Prime member. That alone pretty much made the card a lock for me. Throw in that they have hook ups with other vendors randomly that are worthwhile.

As with many elective services, be it credit cards, grocery shopping, to online streaming, the more effort you put into your selection the more you can save. it is up to the consumer to choose when savings is exceeded by effort. the real battle though is simply in privacy and hopefully Apple's emphasis on this facet will lead to similar features spreading beyond the CC industry

Re: Apple Card launches today for all US customers

#93

Post by mehrdadn »

oblio wrote: post #91
mehrdadn wrote: post #89

Earlier quoted context omitted.

I don't know if this is a false memory but I seem to recall at least one time when I saw a vendor swipe a card because chip didn't work on that particular occasion for some reason. I don't know if magnet is actually more reliable, but it does seem to be that way to me.

In Europe I've never used the magnetic stripe. Across 10+ countries, for the past 10+ years.

This is about the US.

Re: Apple Card launches today for all US customers

#94

Post by r3bl »

oblio wrote: post #78
TazeTSchnitzel wrote: post #71

Earlier quoted context omitted.

The card has a magnetic stripe, so they must have some solution to the magstripe number being stolen

Why does it even have a magnetic stripe in this day and age, as a completely new tech product from Apple?

As with any Apple product ever, this is not a "completely new tech product". This is a long established market that Apple believes they can do better than everyone else.

For an exorbant price of course, but that stage is some years into the future.

Re: Apple Card launches today for all US customers

#95

Post by elSidCampeador »

freyr wrote: post #74
nknealk wrote: post #56

I was recently in England. Nearly every payment terminal supports contactless in the cities I visited. I found myself using Apple Pay throughout the trip because it was fast and convenient. Also in restaurants they bring a payment terminal out to your table so you can pay with Apple Pay. Unfortunately, contactless payment terminals are somewhat more rare in the USA. My local grocery store (Kroger) doesn’t have them.

It's weird that we lag so far behind in some areas, even when we help develop the technology.

According to Mastercard CEO Ajay Banga[1], they've noticed that if the transport system in an area becomes contactless enabled, then contactless adoption ramps up faster.

[1] - https://www.fool.com/earnings/call-transcripts/2019/07/30/ma... Search the page for "transport" and go to the first result.

Re: Apple Card launches today for all US customers

#96

Post by simonh »

DJHenk wrote: post #90
millstone wrote: post #77

Earlier quoted context omitted.

What's exciting about Apple Card is not that it will put more money in my pocket, but how it modernizes payments. I signed up yesterday morning, and made my first purchase a few hours later. Unlike my current card, the app doesn't try to push "special offers" and I think it won't share my purchase history with "affiliates." I can see my purchase on a map, and Apple can't - nice. It's a pretty cool experience and I ho…

> it modernizes payments Payment does not need modernizing. The more 'deals' and 'convenience' they introduce, the more complicated paying becomes overall. This complexity makes it for you, the consumer, more difficult to determine the actual value of the thing is you are purchasing, makes it more difficult to figure out whether you want to support the business processes that go with it. Do the points and rewards for…

I'm confused, the point being made is that the Apple Card modernises payments by getting rid of all the points schemes, special offers and back room deals over your data.

Re: Apple Card launches today for all US customers

#97

Post by oblio »

mehrdadn wrote: post #93
oblio wrote: post #91

Earlier quoted context omitted.

In Europe I've never used the magnetic stripe. Across 10+ countries, for the past 10+ years.

This is about the US.

True, but the point was about the reliability of the tech. My point was that the chip can be just as reliable as the magnetic strip.

Re: Apple Card launches today for all US customers

#98

Post by whoopdedo »

fitzroy wrote: post #39

My biggest hope for this card is that it encourages far more people to use Apple Pay (2% vs 1% cash back), which, in turn, encourages more retailers to optimize the checkout process for contactless, and hopefully gets rid of having to use that gross stylus that everybody touches to sign that low-res LED screen with something that looks nothing like my signature. And it would also be great if it encourages US restaura…

Signatures are no longer required with chip cards.

Re: Apple Card launches today for all US customers

#99

Post by creativityland »

adamredwoods wrote: post #12

What I found interesting: - No card number - "At Apple, we firmly believe in your right to privacy. That’s why we created a unique architecture for Apple Card that generates things like your transaction history and spending summaries right in the Wallet app on your iPhone. Of course, Goldman Sachs will use your data to operate Apple Card. But they will never share or sell your data to third parties for marketing or a…

Regarding the APRs, interesting note at the bottom. It's possible this will lower over time.

> Variable APRs range from 12.99 percent to 23.99 percent based on creditworthiness. Rates as of August 2, 2019.

Re: Apple Card launches today for all US customers

#100

Post by cprecioso »

shurcooL wrote: post #31
ZeroCool2u wrote: post #7

Earlier quoted context omitted.

Especially one with such relatively poor rewards.

It might be desirable for some people if there is an option for a minimalist card. One that offers the following features: • can make purchases with it; no fees (when you pay it off on time) Without any of the following: • rewards, deals, special offers, other gimmicks and spam Maybe the Apple Card will be an interesting option for people looking for something simpler and aren't trying to maximize the rewards.

You're just describing a debit card?
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