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03-25-2019, 11:41 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,851
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Apple Card
Apple announced their own credit card, called "Apple Card." It's backed by Mastercard, built around the iPhone/Watch. It looks like you get a physical card too, but I have no idea how well that will work without an iPhone. It also looks like it has no number?
2% cash back, paid out daily, with Apple Pay.
3% for Apple products and services.
1% cash back when you use the physical card.
No intl. fees or any other fees. With full privacy, which seems to be a selling point for Apple lately. Since I use Apple products, I'll probably give it a shot. It could be a good alternative to my Fidelity card, especially for international travel.
My only question is if I can download transactions to Moneydance.
Once I find a link, I'll add it to the thread.
__________________
Eat, Drink and Be Merry.
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03-25-2019, 11:43 AM
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#2
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Sounds very promising. I like Apple Pay a lot because it's probably the most secure payment method available anywhere. Thanks for the tip; I'll look into it.
__________________
I thought growing old would take longer.
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03-25-2019, 12:56 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,851
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Here’s a link on Apple’s webpage describing the card: https://www.apple.com/apple-card/
For the physical card:
Quote:
A titanium, laser‑etched, Apple‑designed credit card. And Mastercard is our global payment network, so you can use it all over the world. For apps and websites, there’s a virtual card number in the Wallet app. It autofills for you when you’re using Safari.
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The physical card only has a chip. I’m curious to know if it requires or uses a PIN and if it’s a true chip and pin card. If so, then this could be a replacement for the FirstTech CC.
__________________
Eat, Drink and Be Merry.
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03-25-2019, 01:05 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,778
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Quote:
Originally Posted by tulak
It also looks like it has no number?
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It was stated in the keynote address that the card number and security code will be in the app, but not printed on the physical card.
With no fees and 2% back on Apple pay transactions I see no reason not to get one when it comes out this summer.
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03-25-2019, 01:14 PM
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#5
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Quote:
Originally Posted by tulak
The physical card only has a chip. I’m curious to know if it requires or uses a PIN and if it’s a true chip and pin card. If so, then this could be a replacement for the FirstTech CC.
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An excellent point. Of course if you're using Apple Pay there's no need for a PIN, and Apple Pay does seem to be steadily expanding its reach.
__________________
I thought growing old would take longer.
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03-25-2019, 01:19 PM
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#6
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gone traveling
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 1,406
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Negatives, for me.
1. Another metallic card to set off the metal detectors at the airport.
2. No mileage reward. I am totally focused on flying business class on the cheaper (I wish it was cheap).
P.S. I found this amusing https://www.linkedin.com/in/marisa-robertson-208a1811/
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03-25-2019, 01:32 PM
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#7
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Moderator
Join Date: Nov 2014
Posts: 9,070
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I’m wondering if it will handle recurring transactions, as in paying my bills through the card in order to get my points on those. That’s a big generator of points for me on my Fidelity card.
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
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03-25-2019, 01:50 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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This doesn’t seem to fall in the category of other Apple rollouts of products that “you didn’t know you needed”. But I’m an Apple fan and user so I hope it works out well for them.
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03-25-2019, 02:01 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,134
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I need 2.5% or more to get me away from my current 2% card.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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03-26-2019, 08:41 AM
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#10
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Confused about dryer sheets
Join Date: Mar 2019
Posts: 7
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Sadly, I think a lot of people will sign up because of the 2% cash-back is paid DAILY.
There are a lot of people who use credit when they shouldn't and the rapidity with which they receive cash-back is going to send them into a feedback loop of bad behavior.
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03-26-2019, 08:46 AM
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#11
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Moderator
Join Date: Nov 2015
Posts: 13,845
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Quote:
Originally Posted by ASung90s
Sadly, I think a lot of people will sign up because of the 2% cash-back is paid DAILY.
There are a lot of people who use credit when they shouldn't and the rapidity with which they receive cash-back is going to send them into a feedback loop of bad behavior.
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I mean I guess, but what, people are going to rush out and spend $1000 to get a quick $20 in their bank account?
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03-26-2019, 08:47 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Ormond Beach
Posts: 1,407
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Quote:
Originally Posted by GalaxyBoy
With no fees and 2% back on Apple pay transactions I see no reason not to get one when it comes out this summer.
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Every Android user has a reason not to get one.
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03-26-2019, 09:05 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,308
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"titanium, laser‑etched, Apple‑designed" P.T. Barnum would approve. zzzzz....
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03-26-2019, 09:12 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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DH will get it with me as secondary. 3% rewards from Apple is worth it to us.
No expiration - nice!
Don’t really care about daily cash back.
Goldman Sachs is the issuer.
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Retired since summer 1999.
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03-26-2019, 09:20 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,851
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Quote:
Originally Posted by Chuckanut
I need 2.5% or more to get me away from my current 2% card.
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I agree, mostly. It’s only 2% if you use Apple Pay, which use often, but it’s not accepted everywhere.
I think the biggest benefit is the potential to use this as a travel card. In some countries, Apple Pay is a lot more common. With no international fees and 2% back, that’s a decent deal. Unless you’re going for points, at which point, Chase Sapphire or Citi Costco is a better deal. And as I mentioned earlier, if this a true chip and pin card, then that’s even better.
Plus, you get a 3% discount for Apple products. Probably doesn’t help me much for services (I stock up on discounted gift cards), but that’s a nice bonus for any hardware purchases.
So overall, I’d rate this card as ok. It’s good for some uses, but it’s not a full replacement for other credit cards.
__________________
Eat, Drink and Be Merry.
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03-26-2019, 09:26 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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More and more places are accepting ApplePay.
__________________
Retired since summer 1999.
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03-26-2019, 09:44 AM
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#17
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Quote:
Originally Posted by audreyh1
More and more places are accepting ApplePay.
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Especially in Europe. I used it for probably 80% of my purchases last trip.
__________________
I thought growing old would take longer.
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03-26-2019, 09:52 AM
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#18
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Full time employment: Posting here.
Join Date: Jul 2013
Posts: 953
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Can I use the iApple card to buy iTunes cards so that i can pay off the iRs to keep from getting throne iNto the iJail?
__________________
Well it's all right, we're heading to the end of the line...
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03-26-2019, 09:53 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by braumeister
Especially in Europe. I used it for probably 80% of my purchases last trip.
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Interesting. I’ll have to look more carefully for that option in Europe. I’ve used it very little in Europe, even though it is supposedly well accepted.
In the US ApplePay introduction was stymied by the CurrentC effort which ultimately went nowhere, but consortium members were required to not accept competing pay schemes for 2 years.
__________________
Retired since summer 1999.
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03-26-2019, 10:06 AM
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#20
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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If you see this symbol, there is a high probability you can use Apple Pay.
Screen Shot 2019-03-26 at 12.05.17 PM.png
__________________
I thought growing old would take longer.
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