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Apple Announces 'Apple Card' Credit Card With Daily Rewards, Simplified Statements, and No Fees
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Most Terminal make use of the chip now. Also nobody has ever bothered to check signatures.
I’m not sure about the USA, but I know in Canada most banks either charge you a monthly fee, or charge you for using your card if you use it a certain amount of times.
For the most part it’s cheaper for them to get a credit card that has no transaction fee’s, and to pay off at the end of every month.
I think that’s the question. I don’t see anywhere in the Amazon app to pay with Apple Pay
All the major payment networks made signatures optional for EMV transactions (i.e. chip or contactless) last year. So in theory you should only be asked to sign in stores that still use the old magstripe system.
At this point, I'm not even sure it matters. A lot of merchants don't have PIN pads at all, and the ones that do (especially ones that are just rolling out chip support now) are tending to disable PIN support since it's not worth the trouble for a liability shift (MC/AmEx/Discover only) that they likely will never encounter. To them, chip is the most important thing--and maybe contactless/Apple Pay support.
For overseas usage, enough places support NFC that you might as well just use that where possible. Saves on having to sign for stuff just like chip and PIN does and is far more commonly supported by American banks.
They do exist, but they're not all that common (see here).
Also, as someone who has a few of these, you'll be signing up for having to explain what's going on to smaller merchants (at best) and merchant rejections at worst. I've had less trouble getting merchants to let me try Apple Pay and similar. (That said, see above. This may possibly no longer be an issue in a few years.)
The card will have a permanent card number that you can use for non-Apple Pay orders, regardless whether it's printed on the card or not.
Yup. Here in the US, when systems are down, retailers who have been in the business for over a decade will have carbon-copy slips and one of these badboys:
The customer's credit card goes into a template cut out (where the white credit card is). A carbon slip goes over the credit card. A metal roller which is housed under the black plastic covering on the left is rolled by hand over the carbon-copy slip and the credit card. This creates a stamped impression of the credit card numbers onto the carbon-copy slip. The retail worker than fills out the necessary information onto the carbon-copy slip. A copy is given to the customer and the customer gets to walk away with their products.
It clearly says on the back of my card ‘not valid without authorized signature’. I’ve never signed my cards and I’ve had plenty of clerks turn over the card to look at the signature. Like you I’ve never had a problem.
Yup. Here in the US, when systems are down, retailers who have been in the business for over a decade will have carbon-copy slips and one of these badboys:
I was at PF Chang's when the power went out. It was funny seeing how confused people were with this system.
I think it’s different for each country. In mine, they will ask you to sign your card before you leave when you picked it up at the bank, they will also not considered it valid if not signed.
Yes, but they charge daily interest. So even if you pay your balance each month in full you still owe interest on that card. Pretty lame, huh?
That’s probably why Apple paired up with Goldman Sachs, a company with no banking legacy.
It’s not about the money. At the end of the day, it’s still about Apple taking an emerging product category with a frustrating user experience and deliver a polished product made possible by its control over both the hardware and software.
Google has previously written malware (specific code to take advantage of a Safari exploit to continue tracking users). They were fined $22.5 million by the FTC for this.
Therefore I refuse to use Google because I believe they will continue to write malware and try to exploit software to allow them to continue sucking up data.
The number will be available for you to see it in the wallet app, so you can use it for purchases on non-apple pay sites such as Amazon.
As someone else said: to buy stuff that we don’t have enough money to buy. Most of the time, alas, stuff we can and should do without (i.e. wait till we have the money to buy or not buy at all). BUT...to be fair, there are situations where a CC can help. Say, for example, that a person has been out of work and is low on money to buy anything new. They’re starting to do independent work, work that requires a good computer. They have jobs lined up, and if they don’t finish them, they won’t get paid....but their computer dies. They need to buy another, fast. A Credit Card will help them get that replacement computer fast—in time to complete the jobs and get the money.
Not saying Credit Cards are wonderful and good or financially wise...just sometimes useful.
Yup. Here in the US, when systems are down, retailers who have been in the business for over a decade will have carbon-copy slips and one of these badboys:
The customer's credit card goes into a template cut out (where the white credit card is). A carbon slip goes over the credit card. A metal roller which is housed under the black plastic covering on the left is rolled by hand over the carbon-copy slip and the credit card. This creates a stamped impression of the credit card numbers onto the carbon-copy slip. The retail worker than fills out the necessary information onto the carbon-copy slip. A copy is given to the customer and the customer gets to walk away with their products.
Several of my newer cards have arrived with printed (not embossed) numbers, making an offline system like this obsolete.
Some chip/contactless readers still ask for signature too unless they are running the latest software and/or the bank that supplied the reader updated the back end software for processing payments.