401–410 of 778 posts
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…
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?
Earlier quoted context omitted.
> this and some of the other products announced are just a pinata for anti trust advocates. I imagined Elizabeth Warren in a fit of rage sitting in her office watching the livestream.
Why? I think EW is more worried about bigger fish than Apple's entrance into a crowded market.
I love the app used to manage spending and paying your bill. It'll definitely be super easy to stay on budget given the fact that you'll have immediate access to up-to-date spending and trends, whereas if I want to do that with my Chase account, I need to login, run numbers, etc. There seems to be a subfocus here about helping you manage your spending, which I can appreciate. The problem with ease of spending money i…
They give you a physical card that clearly has an EMV chip. Don’t know if it includes MSR. But you should be able to use this almost anywhere, it doesn’t depend on contactless ApplePay.
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.
I don't thing it is healthy to have big entities like this control fundamental services like payment processing. How long before the opaque governance of the App Store is applied to their payments offering? How long before activists start making this a new vector for deplatforming? Apple also announced a news offering ( https://www.techradar.com/news/apple-news-plus ) and I think the same concerns apply there.
Look no further than the recent issue where Patreon competitor Subscribestar had payment processors Stripe and PayPal stop processing their payments for _political_ disagreements with the purported beneficiaries of the donations through the platform. PayPal said that it was actually one of the underlying payment processors, and it was suspected to be MasterCard. That incident was the first time I've ever taken the ne…
SCREW GOLDMAN SACHS.
So - with that said, without getting mad at me, look at the long history of shenanigans that GS is responsible.
Lets start first with the Wolf of Wall Street (the movie) -- if you're not familiar, GS helped the PM of Malaysia rob the country of ~4 billion in profits, from which one of the Playboy-money-guys from Malaysia, steal a large portion of that money, through ridiculous parties and fund the movie Wolf of Wall street.
https://www.rollingstone.com/politics/politics-news/1mdb_mal...
https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad
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Look into the Greek Scandal, the mortgage crisis, their profiteering on the FB BS (known shenanigans in privacy etc)
Look into their raping of the US in the purchase of AIG
https://www.huffingtonpost.com/2011/01/26/goldman-sachs-aig-...
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So with all that being said, I have ZERO faith in ANY consumer protections, rights, favorability in an Apple CC -- look at their pricing and lack of discounting on their excessive margins.
Their CC will hold an egregious APR % and draconian penalties for people who fail... and thus, Apple will start being a huge reason for credit failures of millennia's over time who end up on the wrong side of credit responsibility.
Earlier quoted context omitted.
Probably a temporary CC number generator for internet purchases. You would not be able to "choose" a vanity number of your own choosing besides being really insecure but also because CC numbers have to fit an algorithmic pattern to be valid: https://en.wikipedia.org/wiki/Luhn_algorithm
Wasn't expecting a vanity number but creating a different number for each service. Something like what capital one has [1]. There would be a number for Netflix and a different number for fios. [1] https://www.capitalone.com/applications/eno/virtualnumbers/
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?
Fortunately, most retail on the Navajo Nation takes Apple Pay, so I just drove over there every couple of days for supplies and paid with my Apple Watch.
Saved my bacon. But I'd still rather have plastic as a backup considering battery issues in places with extreme weather.
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 DoubleCash is 2% on everything, dunno if there's a cap, no annual fee. (you have to redeem into a bank account, not as statement credit, to get the full 2%)
USAA Limitless is 2.5% cash back on everything, no cap. (military only, no longer available), no annual fee.
If you have enough cash invested with Merrill Edge ($100,000, including IRAs) the Bank of America Travel Rewards earns 2.625% cash back on everything, not sure of a cap, no annual fee.
If you value Membership Rewards at more than a cent, the American Express Blue Business Plus earns 2 Membership Rewards per dollar spent on everything, $50,000 cap, no annual fee.
Discover IT Miles earns 3% cash back on everything the first year, churnable (you can get a new one every year), no cap, no annual fee.
Alliant Credit Union Cashback Visa earns 3% on everything the first year and 2.5% after that, $60 annual fee (waived the first year), dunno of a cap.
Capital One Venture is (basically) 2% cash back on everything, $95 fee (which they usually waive if you ask),no cap. Only redeemable towards travel. Has a fairly large signup bonus.
Barclaycard Arrival Plus is 2% on everything, $95 annual fee, not sure of the cap. Only redeemable towards travel. Has a fairly large signup bonus.
Paypal Mastercard is 2% on everything, no annual fee, dunno of a cap.
Those are your basic options for no-fuss 2%+ cash back cards. If ApplePay is required to earn 2%, then I'd say the majority of those cards are better; my biggest expenses every month are bills (phone, internet, insurance, oil, electricity, etc) and I don't think I can use ApplePay to pay any of those.