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Apple announces Apple Card credit card

theverge.com

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Re: Apple announces Apple Card credit card

#671

Post by int_19h »

sethhochberg wrote: post #522
bradfitz wrote: post #501

Earlier quoted context omitted.

You can see what sure looks a mag stripe at 2m58s in the video at https://www.theverge.com/2019/3/25/18277417/apple-pay-credit... Disappointing.

Though very few and far between at this point, I'd say there are still a few times a year when I explicitly need to swipe a magstripe on my credit card - most recently a rural gas station in the California desert where I was seriously dependent on being able to fill up a tank. I think many people, myself included, would still consider a credit card without the option to fall back to magstripe a nonstarter for their p…

I still see many, many places that have chip readers, but the slot is taped over with a sign saying "swipe please" or something to that effect. And I don't mean dinky shops, either.

Re: Apple announces Apple Card credit card

#672

Post by lskopwol »

ben_w wrote: post #246
ralusek wrote: post #189

Earlier quoted context omitted.

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…

I’ve been told political campaigns focused on MC/Visa forced a policy change on Fetlife (specifically which kinks you’re allowed to admit to being into) a few years back. I’m not into the kink which caused it (and I won’t repeat it here) but that left a bad taste in my mouth. IMO, people should be free to discuss what they’re into, even when it’s something much more harmful than the kink involved.

What's fetlife? Seems like a risky google

Re: Apple announces Apple Card credit card

#673

Post by Arbalest »

snotrockets wrote: post #347
lawn wrote: post #277

Earlier quoted context omitted.

And people still wonder what problem cryptocurrencies tries to solve.

the underutilization of modern cpus?

Underutilised? Modern CPUs are designed to be underutilised. Or more accurately, designed to be bursty. It isn't like they are executing NOPs at full speed. The heat they generate isn't free.

Re: Apple announces Apple Card credit card

#674

Post by Gibbon1 »

tracker1 wrote: post #669
Gibbon1 wrote: post #557

Earlier quoted context omitted.

If you mention postal banking to people from the US they utterly lose their shit on you tho. Imagine if the post office was getting transaction fees instead of banks.

As long as they aren't stopping other banking, I'd be happy to see the post office extended to offer banking services. Just like I can use FedEx for mail.

First guy that mentioned post office banks to me was a British expat who also said that the post office checking account was really useful when he was a starving student. He was about 1500 pounds overdrawn when he graduated and they were still cashing his checks.

Since then I've seen post office banking as a way for getting poorer people out from under the thumb of exploitative banks, credit card companies, and check cashing places. Consider as well why should the government give a cut of EBT's cards and unemployment transactions.

Re: Apple announces Apple Card credit card

#675

Post by banana_giraffe »

sethhochberg wrote: post #522
bradfitz wrote: post #501

Earlier quoted context omitted.

You can see what sure looks a mag stripe at 2m58s in the video at https://www.theverge.com/2019/3/25/18277417/apple-pay-credit... Disappointing.

Though very few and far between at this point, I'd say there are still a few times a year when I explicitly need to swipe a magstripe on my credit card - most recently a rural gas station in the California desert where I was seriously dependent on being able to fill up a tank. I think many people, myself included, would still consider a credit card without the option to fall back to magstripe a nonstarter for their p…

What about people that use "knuckle-busters" to make a carbon impression of the card's numbers?

I have a card that has a real number, but doesn't have the embossed numbers on it, so it too wouldn't work in such a machine.

To be fair, it's been years since I've run into one of those machines, so they may no longer be used, or people that use them are just used to rejecting cards they can't impression.

Re: Apple announces Apple Card credit card

#676

Post by alfredxing »

angott wrote: post #471
astura wrote: post #410

Earlier quoted context omitted.

Fidelity Visa is 2% on everything, no cap, no annual fee. 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 A…

As someone living in Canada, I see these offers and it sincerely makes me cry. The best no-fee cards here have 0.5% cash back. For anything more than 1%, you need to pay an annual fee of at least $99.

The AMEX SimplyCash card has 1.25% cash back. Still nothing compared to U.S. cards though, and pretty much only usable online

Re: Apple announces Apple Card credit card

#677

Post by rietta »

jakebasile wrote: post #550
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…

If it doesn't have a good extended warranty, purchase protection, and so on I can see myself getting it for fun but I wouldn't use it as my daily driver. My Amex has these things and it's one of the primary reasons I use that card.

In 20 years of being a "member", I would say that American Express has had the best customer service of any bank I've ever dealt with. It has been painless even when traveling and when I have had to rent a car I've always just waived the rental insurance too.

I have the credit card but pay it off monthly and only charge what I can afford at the time. As such a member, paying no interest and having received many thousands of dollars in savings has been great. They "win" if you run a balance of course. Ouchie rates.

Re: Apple announces Apple Card credit card

#678

Post by ztratar »

ralusek wrote: post #189
throwawaysea wrote: post #172

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…

Linke? Stripe has a policy for not de-platforming due to political reasons.

Re: Apple announces Apple Card credit card

#679

Post by pureagave »

lskopwol wrote: post #672
ben_w wrote: post #246

Earlier quoted context omitted.

I’ve been told political campaigns focused on MC/Visa forced a policy change on Fetlife (specifically which kinks you’re allowed to admit to being into) a few years back. I’m not into the kink which caused it (and I won’t repeat it here) but that left a bad taste in my mouth. IMO, people should be free to discuss what they’re into, even when it’s something much more harmful than the kink involved.

What's fetlife? Seems like a risky google

It's a social network for different sexual preferences & fetishes.

Re: Apple announces Apple Card credit card

#680

Post by atonse »

abalone wrote: post #640

For those of you concerned about the "antitrust" aspect here, the specter of Apple controlling everything... Keep in mind that Apple has had a partnership-based branded credit card for years : the Barclaycard Visa with Apple Rewards. There is nothing fundamentally new in Apple offering a credit card. What's new here is they're tightly integrating it with Apple Wallet and in some aspects driving a better deal (like el…

It does have a stripe. In the video you see the (very tastefully done) stripe on the top on the back.
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