131–140 of 778 posts
While interesting, it doesn't come close to solving what I feel is the largest problem with cards in the US today -- interchange fees.
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.
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.
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.
> get a digital card that they can use anywhere Apple Pay Apply Pay users: how broad is Apply Pay adoption? Is this a viable replacement for a VISA, Mastercard or AMEX? I'm intrigued by the privacy angle to this, seeing as VISA and Mastercard apparently share and/or sell a lot of transaction data with/to third parties. Edit: The article has been updated: As rumored, Apple is partnering with Goldman Sachs for Apple Ca…
Does applying for the card require Apple/GS pull my credit history? I would also prefer this remain unavailable to them.
Yes we will give you a card... your credit limit is $0.
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?
FWIW late fees are a big revenue source for existing card issuers.
Earlier quoted context omitted.
I don't live in a tech hub city but in all my shopping I have never seen anyone use one of the Apple/Samsung payment methods where I live. Even when I spent months in Silicon Valley I can count the number of times I saw it used on one hand.
Here in the Southeast of the US, the adoption of Apple Pay (and I presume Samsung Pay) has definitely been increasing. Square/Clover/all the POS's used by coffeeshops and other small businesses have been taking Apple Pay for a few years now. But recently CVS started taking it, and CVS is everywhere (~6,200 stores in the US). Whole Foods is on Apple Pay. I understand Target will be following soon. It's still not 100%…
Target has already deployed Apple Pay in NC at least.
I only recently bought an iPhone, but I was pleasantly surprised by the number of merchants that accepted Apple Pay.
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.
For me personally, getting ~2% cash back on every purchase would be better than a moderate discount when I actually need to stay at a hotel.
Just depends on your situation.
With the rise of smartphone payments like Samsung Pay, Android Pay and Apple Pay , is there even a need for credit cards? How long until these companies start skipping payment processors like Visa and Mastercard and take the whole pie?
I don't live in a tech hub city but in all my shopping I have never seen anyone use one of the Apple/Samsung payment methods where I live. Even when I spent months in Silicon Valley I can count the number of times I saw it used on one hand.