The whiplash is hilarious, they've been through 3 banks now over the years
Who was the second bank?
Green Dot Corporation, presumably.. although that’s Apple Cash, not Apple Card.
Chase to become new issuer of Apple Card
91–100 of 200 posts
Re: Chase to become new issuer of Apple Card
#92Earlier quoted context omitted.
Banks were not queuing up to do it the first time and it didn't work out well for the bank that did (Goldman). Who else is compromising
I would imagine Goldman want out. They were never a retail banking firm to begin with. And sell the current Apple Card division with debt and customer base packaged at a discount. Consider the transition takes 24 months I wouldn't be surprised if the discount allow them to run three years with clause to terminate at later date. The downside and exposure should be limited with great upside on worldwide launch. But jud…
Yeah I was surprised finding out it's Goldman card - I haven't heard about Goldman doing a consumer cards before that (and I have a lot of cards).
Re: Chase to become new issuer of Apple Card
#93Didn't a HN reader/poster get locked out of his Apple accounts because of late payments or some other type of issue with an Apple Card credit card? If this can happen, I don't plan on ever getting one.
Apple Store gift card (redeemable for apps music etc purchased in Apple ecosystem ) iirc
Re: Chase to become new issuer of Apple Card
#94For people living in the states there are better deals to be had:
Multiple 2% cashback cards
Amazon prime - 5% off Amazon and Whole Foods purchases, but you have to be a prime subscriber
Robinhood gold -3% off anything for $60/year
Amex blue cash rewards - 6% off groceries(and gift cards bought at supermarkets) for $75 per year
Re: Chase to become new issuer of Apple Card
#95For people living in the states there are better deals to be had: Multiple 2% cashback cards Amazon prime - 5% off Amazon and Whole Foods purchases, but you have to be a prime subscriber Robinhood gold -3% off anything for $60/year Amex blue cash rewards - 6% off groceries(and gift cards bought at supermarkets) for $75 per year
I think Amex one is $95/year
Re: Chase to become new issuer of Apple Card
#96Earlier quoted context omitted.
Fair points. > The 3% is good, but you have to pay $5 a month, so equivalent $60 annual fee. It's $50 a year, which isn't nothing, but more than pays for itself with either the 3% IRA match or 1k free margin. Understandably, not everyone wants to invest, so point taken. > I assume thats using the high end cards with fairly hefty annual fees, or category cashback. The only one with a fee is Amex Blue Cash Preferred, w…
That looks like a a crazy amount of cards. I carry exactly one debet card in my wallet (.eu) and use it for everything.
It is, but I typically only carry two - the 3% back and the grocery 6% back as the others are mainly online or automated.
> I carry exactly one debet card in my wallet (.eu) and use it for everything
Not sure about eu but in the US that's generally not advised, due to the semantics of how the cards work and legal fraud liabilities. Basically, if someone skims your debit card, they take your money and you have to sometimes fight to get it back - but still, you are without the money for a time. If someone skims your credit card, they're stealing from the bank, and for obvious reasons they seem much more eager to investigate - but you still have your money.
I only ever use debit cards these days when I need cash from the ATM.
Re: Chase to become new issuer of Apple Card
#97I wonder what these means for my credit limit. I have a chase card with 60XXX CL and an AC with 50XXX.
Shame your credibility score is in the negative.
Re: Chase to become new issuer of Apple Card
#98Didn't a HN reader/poster get locked out of his Apple accounts because of late payments or some other type of issue with an Apple Card credit card? If this can happen, I don't plan on ever getting one.
I had thousands of dollars of charges I didn’t make (but billed electronically via Apple as if my card was attached to someone else’s iCloud account) appear, exceeding my limit and locking my entire family out of the shared Apple subscriptions (e.g. no music on their devices but strangely music on mine). GS could remotely lock your Apple account at will it seemed.
Called, charges reversed, 1 month later they were all reinstated, no reason. Called, charges reversed again, 1 month later they were all reinstated and my Apple Card was cancelled by GS. Since I still had it linked as my payment method w Apple this again locked my whole family out of subscriptions. GS gave no explanation for why the account was closed, but it was after they reversed the charges a second time. Balance was $0, account closed, no recourse. Then 1 month later all the reversed charges were reinstated and on the now locked account and I had no recourse but to pay GS’s ransom because it was a closed account that would be reported if I didn’t pay.
I have CCs from a number of banks and it was by far the most ridiculous consumer experience. No wonder GS wants to exit the consumer market because they are terrible at it. Chase is better, but it’s no AmEx. Sad that it’s not AmEx.
Now I’m wondering if I can get a new account under Chase because I’m definitely never calling GS again.
Re: Chase to become new issuer of Apple Card
#99I've left Chase twice. Once because they sucked. Once because my bank, First Republic, had a run that put them out of busines. Chase took them over, 10x-ed the prices and 1/10th the level of service.
Maybe Apple's influence will help but certainly worrisome for ne.
Re: Chase to become new issuer of Apple Card
#100Hadn't even heard of Apple Card until now: https://www.apple.com/apple-card/ A credit card with > No fees. Not even hidden ones and > 2% cash back when you use Apple Card with Apple Pay and > 3% cash back at Apple (and Uber, Uber Eats, Booking.com and a few others) when you use Apple Pay This seems... really good. As in, it's essentially free money. Am I missing a catch here?
The catch is it's very annoying to use outside of Apple ecosystem - e.g. if you don't have an iphone or don't want (or can not) use ApplePay. Also, 2% cashback and no fees is nothing exceptional (in US market) - I mean, it's on the better end but there are a number of cards with similar deal from Wells Fargo, Fidelity, Capital One, etc. So it's not that spectacular - you can have the same deal without being hardwired…
what's the hard part outside of the Apple ecosystem? They give you a physical card and a normal ccard number. What else is there?