Variable APRs range from 13.24% to 24.24% based on creditworthiness. Apple left that out.
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Apple Announces 'Apple Card' Credit Card With Daily Rewards, Simplified Statements, and No Fees
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There is a card number. It's just not printed on the physical card. You can find it on the digital card in Apple Wallet. I'm pretty sure that's what I heard in the announcement.
I was thinking during the Card announcement how great (and funny) it would be if Apple provided Financial Peace University scholarships to Apple Card applicants.
The fine print or key details aren't going to sell as well as nice buzz words. "No foreign transaction fees or yearly subscription fee? Sign me up." Rather than "13.24% to 24.24% APR, definitely need to get me some of that!"
A bunch of us have credit freezes because of the Equifax breach as well, which will be another hit to its success I bet.
MasterCard mostly got rid of requiring signatures for purchases last year. Add to that that most places you swipe/insert your own card anyway. And finally few people ever look for a signature. So this is a non issue.
It was stated during the presentation that one could go into the Wallet to obtain such details as card #, CVV #, etc.
Goldman Sachs lost their shirt and their shoes (sole) during financial crisis? That's rough. Hopefully that will knot happen again.
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it will auto fill on the web and or app you use to pay for things. You don't need to know it, as it will be encrypted and a randomly generated number to keep it secure.
Given that the physical card has no provision for a signature, I wonder if the card will feature PIN -- and, notably, offline pin -- authentication for the cases where Apple Pay cannot be used, *and* whether that will function properly everywhere. I have a true chip-and-pin -- i.e. PIN priority -- card and at one retail establishment -- Nordstrom -- their point-of-sale system would not accept it. It would fail with "transaction could not be completed". I called my bank and they confirmed the transaction doesn't even make an appearance there; i.e. it is failing at the store. And, believe it or not, on one occasion when I attempted to use the card at Nordstrom, their point-of-sale system actually *rebooted*. Really.
Actually of of those details were leaked except the physical card material.
As long as the register accepts it, places won’t care. I’ve been to quite a few places that took Apple Pay and the cashier was like “I don’t think we do that here” then I pay and they see the register saying Paid. And then they’re like “oh...I guess we do”. It’ll be the same thing with the Apple Card.
And we don’t know there is no signature on the back of the card.
No PIN I don't think. It's just a regular credit card, except without the identifying data stamped into the card itself. And it's more of a push into Apple Pay usage since it will be best used with Apple Pay with the much larger 2% through Apple Pay but only 1% through regular card transactions.
It's a no-fee 2% cash back card. There aren't that many of them out there. This makes sense even if only as a secondary card. It gives me a better rate of return than my fee based Southwest and Chase cards, and adds Mastercard to my currently Visa only wallet, so I'm open to it.
Discover only has 5% on certain categories at certain times of the year, and it's not automatic (you must activate the category). And I don't think I've seen them ever have Apple stores in a category.
True, but they did say that the APR would be on the lower end of the scale within the existing credit card market. That part of it won't represent anything new.
Well if they take contactless you’ll be using your iphone or apple watch. The titanium card is only for places wherever you can’t do that such as US restaurants. And they probably would. Americans are not as terrified of something new as people in other countries such as Mexico.
Any word on balance transfer or interest rate?
UPDATE: 13.24% to 24.24%. Ooof, that's not good.
UPDATE: 13.24% to 24.24%. Ooof, that's not good.
