Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Apple announces Apple Card credit card

theverge.com

Post reply on HN
Print view View original

391–400 of 778 posts

Re: Apple announces Apple Card credit card

#391

Post by mrweasel »

kevingrahl wrote: post #158
chrisseaton wrote: post #85

Earlier quoted context omitted.

I’ve found in the past Germans aren’t always keen on credit cards - they often push back when you try to use them in shops and restaurants and things like ticket machines at railways only seem to take regional debit cards. Trying to use an American Express gets a very bad reaction. Is that changing?

German here; MasterCard and Visa are accepted almost everywhere even the smallest shop usually offers contactless payments (tap). Amex on the other hand is a rarity and you should expect that it doesn’t work.

I not sure how different Germany and Denmark is in this regard, but both the MasterCard and VISA branded cards in Denmark is nearly always debit cards, not credit cards.

For reading the comments it seems like people are exited about the Apple Card solving a set of problem I simply don't see most people having here in Denmark.

Re: Apple announces Apple Card credit card

#392

Post by eloisant »

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. . .

Also there are hundreds of banks around the world, you can often choose among dozens around you.

There are 3 or 4 tech companies big enough to pull this off, in the whole world.

Re: Apple announces Apple Card credit card

#394

Post by jbombadil »

OkGoDoIt wrote: post #386

If the credit card does not have any numbers on it, how do you make purchases online on sites that don’t directly accept Apple Pay? Does the Wallet app on your iPhone generate virtual card numbers on request that you can use online? Or are you only allowed to use it at websites that explicitly accept Apple Pay? I read through all the official Apple PR stuff and the fine print, don’t see any mention of this.

I think in the streaming it was mentioned "If you need those, they are available on the app". So I assume if you need those details, you open the wallet app on your phone and you can see the numbers, name, etc. and use it as a regular card.

Re: Apple announces Apple Card credit card

#395

Post by astura »

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. . .

This isn't as big of a deal as you think, this sort of arrangement is the same as when an alumni association, sports team, or charity offers a credit card.

Re: Apple announces Apple Card credit card

#396

Post by ceejayoz »

elefantastisch wrote: post #304
ceejayoz wrote: post #258

Earlier quoted context omitted.

Why is the per-transaction fee the rent-seeking part? I get why MC/Visa have a per-transaction fee. I don't understand why there's a percentage of the transaction on top of that. It's not any more work for a $1 transaction versus a $1,000,000 one on their end.

Wouldn't the risk of fraud make a $1 million transaction much more expensive to handle?

Isn't the bank responsible for the fraud (and fraud detection)? Not Visa/MC?

Re: Apple announces Apple Card credit card

#397

Post by OkGoDoIt »

jbombadil wrote: post #394
OkGoDoIt wrote: post #386

If the credit card does not have any numbers on it, how do you make purchases online on sites that don’t directly accept Apple Pay? Does the Wallet app on your iPhone generate virtual card numbers on request that you can use online? Or are you only allowed to use it at websites that explicitly accept Apple Pay? I read through all the official Apple PR stuff and the fine print, don’t see any mention of this.

I think in the streaming it was mentioned "If you need those, they are available on the app". So I assume if you need those details, you open the wallet app on your phone and you can see the numbers, name, etc. and use it as a regular card.

Thank you. I haven’t had a chance to watch the actual stream, but that’s kind of how I assumed it would work. I was just a bit worried given that it’s Apple and they might feel like this is an opportunity to push their Apple Pay API.

Re: Apple announces Apple Card credit card

#398

Post by maxxxxx »

ceejayoz wrote: post #271
beenBoutIT wrote: post #248

Earlier quoted context omitted.

To be fair, the guy behind all of their innovation died more than a decade ago.

I don't think it's fair say that. Jobs had an unparalleled way of steering that innovation into productive avenues. He always had his Wozzes, though.

I think his main talent was to recognize innovation and then having a good instinct for the right timing to get to market. Some people are too early, some too late, but Jobs often seemed to find the right time and also had the courage to pursue something risky.

Cook probably is more like a typical manager who is good at optimizing things. Nothing wrong about that but I wouldn't expect big leaps from Apple under him.

Re: Apple announces Apple Card credit card

#399

Post by exegete »

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…

What specific Amex card gives the 3% on computer purchases?

Re: Apple announces Apple Card credit card

#400

Post by heywire »

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?

Citi Double Cash?
Post reply on HN