Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Announces 'Apple Card' Credit Card With Daily Rewards, Simplified Statements, and No Fees
- Thread starter MacRumors
- Start date
- Sort by reaction score
Normal reward card interest rates are nearing 30% nowadays. I've seen prime reward card interest at 28%. My credit union's card rate is around 8%, but that comes with no rewards.
Ok. Tell that to the folks in some countries and regions still waiting for local translations of Siri, or advanced features in Apple Maps, or Apple Music or even Apple News. Apple Card may not be needed outside the states, but it doesn’t stop it joining a list of services Apple uses to promote and sell its new hardware that ultimately isn’t available to most customers. It wouldn’t be so bad if the hardware stood up on its own two feet...
That's also where all that renewable energy for the Apple Park comes from. The Turbine formerly known as Steve's grave.
I agree. Here in Switzerland you can pay on most NFC terminals up to CHF 40.00 (around 40 USD) without entering your (4 digit to 8 digit) Debit/Credit card PIN. But you have to enter it if the fee is more than CHF 40.00.
I think it's a good compromise between security and convenience. And if you just buy yourself some small things the payment is pretty fast: just tap your card on the reading module and that's it!
Don’t worry, Apple will fix it for you. They’ll release iCamel, made out of titanium, just after new Mac Pro. However there will be two minor gotchas with the iCamel. Subscription to operate it will cost $9.99 per month and they’ll be initially offered in US only.
I kind of like the card and the features, but I’m not quite yet indoctrinated in its greatness. Oh well, none of my concern really. I don’t expect the card to become available in Europe either anytime soon.
A tablet or phone can be used as a mobile terminal, which have their own battery. Now if your mobile internet and cable both go down, you cannot accept chip payments. Only magnetic stripes. But that should be very rare. If that happens, most stores simply close down, and don't accept checkouts. If you've already consumed your food, you can usually run out to the closest bank, and most of us have a $20 emergency bill in our pocket as well. I'm sure Apple has a solution for this, such as a credit card number that can be used in emergencies. Store owners have to take a small fraud risk, because business can't stop. But I still prefer if the credit card number is not written on the card itself, because once it gets out, it's so easy to manufacture a fake magnetic stripe, and buy unlimited gas. American gas stations don't check anything, there's no chip, no signature, no PIN, not even a person who would look at the card's integrity, or the customer's ID / drivers license.
Nope just buying what you were going to buy anyway but getting points for it.... spending more just to get 2-3% would be silly.
You’re both right. Some buy what they’d get anyway. Others do end up spending more.
Amazon? It may not be cash back but money is fungible so it makes no difference whether you get a cash back or save on price.
As an American living outside the United States, who has bank accounts and credit cards and in the United States, I think the Apple credit card would be great if and only if it did not charge any foreign transaction fee like most other card to do.
Does anyone know if the Apple credit card charges a foreign transaction fee for purchases made outside the United States?
Does anyone know if the Apple credit card charges a foreign transaction fee for purchases made outside the United States?
Amazon doesn't support Apple Pay.
[doublepost=1553556011][/doublepost]
They said no fees like 30 times during the keynote...if they aren't even charging late fees, what makes you think they'd charge a foreign transaction fee - especially considering "No foreign transaction fees" appeared on the keynote slides?
They may have said it 30 times but it's possible that they had only one specific fee in mind (annual fee)
Stop it!!! 18%-24% is usually the rates on MOST rewards cards. 30% is store card territoty
Yeah you appear to be right, all my cards are in that range almost exactly. 28% is a little high. The rates must have gone down since I signed up, my Discover I know was 28% at one time. Perhaps they changed the rate once I became more credit worthy. In any event, I pay no attention to that page of my statement anymore since I don't carry balances.
Has anyone seen any confirmation on whether "no fees" also applies to foreign transaction/currency conversion fees?
brilliant. the credit card industry and banking generally are ripe for disruption. Bring it to Canada please.