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Apple Card launches today for all US customers

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121–130 of 187 posts

Re: Apple Card launches today for all US customers

#121

Earlier quoted context omitted.

Signatures are no longer required with chip cards.

I'm travelling in Europe right now and I can tell you that signatures are definitely still required with the chip. The only exception is if I use the one card I have with contactless payment.

For American cards they are, but not for most people in Europe.

Re: Apple Card launches today for all US customers

#122

Earlier quoted context omitted.

I'm travelling in Europe right now and I can tell you that signatures are definitely still required with the chip. The only exception is if I use the one card I have with contactless payment.

I live in Europe (Sweden, Germany and Switzerland) and I have never needed to sign when paying with card (i.e. the chip – never used the magnetic strip). Perhaps its because you have a foreign card?

This is because US Cards have a Chip but no PIN. So the signature is the only "security measure". I've all but stopped using my US Cards for this reason unless the terminal supports contactless through apple pay

Re: Apple Card launches today for all US customers

#123

I can't believe that people are excited for a credit card.

I had a hearty laugh when I saw a seven minute unboxing video for the Apple Card on the front page of reddit. An unboxing video for a credit card that was somehow stretched into 7 minutes. The video included genius quotes such as "it fits into my wallet" and "it's about the same size as my other credit cards". This is the content that somehow got thousands of upvotes. It's seriously amazing how far the apple fandom h…

The amazing thing is probably more generally the fact that unboxing videos, no matter how trivial, are popular video content. The Apple fandom just adds a tiny bit.

Re: Apple Card launches today for all US customers

#124
post #87

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…

Honest question - why anybody would want her purchases on the map?

I'm not likely to grab this card, but every few months going back over my statement I see some small purchase I can't quite place. The text description for stores is often really vague, especially for gas stations.

Confirming where a purchase was made can help with budgeting and detecting fraud.

Re: Apple Card launches today for all US customers

#125

Earlier quoted context omitted.

I'm travelling in Europe right now and I can tell you that signatures are definitely still required with the chip. The only exception is if I use the one card I have with contactless payment.

I live in Europe (Sweden, Germany and Switzerland) and I have never needed to sign when paying with card (i.e. the chip – never used the magnetic strip). Perhaps its because you have a foreign card?

Correct, it’s only for Americans traveling abroad. It’s because our credit cards (finally) have chips but no pin. Apparently chip/pin would cause too much friction in the purchasing process or some nonsense like that?

Re: Apple Card launches today for all US customers

#126
post #97

Earlier quoted context omitted.

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.

The chip is nearly 100% reliable (absent any manufacturing defects). It's the network in the U.S. that is stuck in the 1970s. Even with the supposed requirement to move to chip terminals, I still come across so many merchants who either (1) don't even have a chip reader, or (2) have a little sticky note on the payment terminal that says "chip broken".

What's really surprising is when a new store opens (restaurant, typically), and they don't have a chip reader on day one. They still swipe.

I've had my card skimmed more times than I can count over the decades. That we're still dealing with this problem in 2019 is maddening.

Re: Apple Card launches today for all US customers

#127
post #78

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?

In the US, many point of sale terminals are still not converted to use chips. I most frequently encounter stripe readers at gasoline stations. I'm fairly sure that each time my card has been cloned in the last 5 years, it has been via criminals modifying gas pump card readers to harvest card numbers.

I hate gas stations so much that I bought an EV. Ironically, my wife makes me pump gas for her, so my cards are still at risk.

Re: Apple Card launches today for all US customers

#128
post #87

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…

Honest question - why anybody would want her purchases on the map?

If see a transaction you don't recognise. By looking at it on a map it may remind you of that small shop you bought something from. Or it might be in a town you've never been to.

Re: Apple Card launches today for all US customers

#129
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?

Because it's not a tech product, it's a credit card, and plenty of places, in the US at least, still require the use of a magnetic strip. As for how they deal with a changing card number, I have no idea.

[deleted]

Re: Apple Card launches today for all US customers

#130

Earlier quoted context omitted.

I'm travelling in Europe right now and I can tell you that signatures are definitely still required with the chip. The only exception is if I use the one card I have with contactless payment.

You normally use a pincode. I cannot remember the last time I had to sign anything anywhere in EU when paying with a chip card.

US chip cards require a signature in Europe virtually 100% of the time, even on low-value transactions that would be under the signature threshold in the US.

However, using contactless avoids signatures 99% of the time. I think I had to sign once on my last trip at a contactless terminal.

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