You might want to get spun up on Goldman Sacs history over the last decade and a half. The easiest way to know if a GS executive is lying - is his lips moving.
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Apple Announces 'Apple Card' Credit Card With Daily Rewards, Simplified Statements, and No Fees
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You might want to get spun up on Goldman Sacs history over the last decade and a half. The easiest way to know if a GS executive is lying - is his lips moving.
I highly doubt it. I mean, by MC rules it needs to support PIN for purchases, but it will likely be last on the card's CVM list--ensuring that it's never asked for in the US (and almost never in the rest of the world if you end up running into one of the few merchants still not supporting NFC). There might not even be a specific PIN set/change feature in Wallet, requiring a call to GS to set the "cash advance" PIN.
However, I've been wrong on stuff before so we'll see.
Eh, I'm not sure I'd go that far. RFID blocking devices/wallets do brisk sales despite contactless cards being uncommon, after all.
As someone who works in the medical device industry, there is actually a way to get approval for a particular device in one market and have it apply to others with little additional effort. I don't know if it applies to what Apple's working on though.
No place I shop ever looks at, or touches my currant cards so I doubt if they would notice.
In theory, it’s interesting but I’ll pass.
If they were offering 5 or more percent back on Apple purchases...maybe, but my credit card offers more and that money will go toward paying off the iMac and iPad Mini.
If they were offering 5 or more percent back on Apple purchases...maybe, but my credit card offers more and that money will go toward paying off the iMac and iPad Mini.
None of the cards we manually add to Apple Pay show the card number and CVV because we have that information on the plastic card, but the Apple Card is different since it originates in the wallet app. That's why the card information for that one does have to be displayed in the app (the physical card seems to be optional and it still won't have anything engraved on it except for the apple and Mastercard logos). This was clearly stated in the keynote presentation.
The whole idea of cashback is a joke, vendors/sellers just add that to their prices, so you gain absolutely nothing.
Apple Card, meh, for what, same goes for ApplePay, here in Europe there's really little need for it since we had easy payment systems for years, if not decades.
Apple Card, meh, for what, same goes for ApplePay, here in Europe there's really little need for it since we had easy payment systems for years, if not decades.
Apple store is there (according to this article) but some products (newest phones?) are excepted. Phones are available on Amazon though.
I never really understood, with all of the credit card fraud that happens these days, why a pin of some sort isn’t required for all credit card transactions. It’s not fool proof, but a simple 4 digit pin would cut it down drastically. Right now, if I drop my wallet there is nothing stopping anyone from picking up my cards and easily racking up purchases until I report it lost/stolen. But if there was a personal pin required none of those purchases could happen. It just seems so simple. Some gas stations in the US require the billing zip code after u swipe and I’m sure it helps. But even that is stupid because u can possibly narrow zip codes down to the area u found the card and possibly guess it. And if ur gonna go that far, why not just require a freaking pin #. I don’t get it. I just don’t get it.
I've learned to not expect to see ANY new apple features outside the US, UK, Canada, Australia, China, Japan and Western Europe anytime soon. It is extremely rare, if not impossible, for Apple to roll out a new feature outside those regions in less than 3-5 years. If they even plan to roll out outside those regions, that is, which I seriously doubt.
Americans? Any nation on earth that doesn't run a total barter system uses debt in the form of currency.
Exactly. I’ve been looking for a true chip and PIN card in the US, but haven’t found one yet.
You would have loved the launch of the Chase Sapphire Reserve.
This should not be a problem
When has that ever happened? Sure, payment processing systems have crashed or have slowed down at retailers in the past however, it would only be an issue if Amex, Mastercard, Visa, Discover were unable to process the transactions. Those systems do not use the internet to talk to each other. The use systems such a Plus, Most, Accel, CU 24 and Co-Op to name a few.
I know what you're saying but seeing Apple quickly push out all of the new hardware last week to focus on their non-existent TV services is a joke. It shows where their priorities lie. They're too big now.
Well, can't speak for Mexico but the whole point of having a Chip & Pin card is that you know the code unlike a signature which can be faked.
I'd assume it would be a hard inquiry just like applying for any other credit card.
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Since they established it was a credit card, I don't think they needed to go into details about the rates at the event. You can always find that in the fine print. When applying for the apple card, you would be able to see this info then, just like when applying for any other credit card.
Yes. Do you really think Chase or Citi would have agreed to the customer data sharing restrictions Apple slapped on this?
You're not wrong. But now that it's established, you're basically paying for other people's cashback without getting anything in return if you don't participate. Paying by credit card also has a number of other advantages as long as you use it responsibly (i.e. pay it back in full every month so you never pay the inflated interest rates).
A 2% card without annual fee and foreign transaction fees is actually quite competitive, but only getting the 2% for Apple Pay transactions is a serious drawback. Apart from that the "features" didn't seem all that different from any other card, just nicely packaged in the Wallet app.
yes yes. You are "minor minority" judging by the state of debt of US households. And that is fuelled by banks and banks only. In Europe there is many banks that gives you cash back on debit as well as all the tools that they presented today in your app.
Also it takes 2 seconds to split accounts and set up limits so no fraud will hit your account. And my cards in the app change the numbers after every use.