When was the last time someone looked at the signature on your card? Most places don't even physically handle your card anymore because you swipe it yourself.
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Apple Announces 'Apple Card' Credit Card With Daily Rewards, Simplified Statements, and No Fees
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So many complaints until 2-3 years later, Apple reports a huge uptick in card users and thus revenue from their Services segment. Same with everything else they announced today.
I love this. I will definitely be getting one. Privacy/security, budgeting and spending tools, low rates, cash back, seems like a really good option.
"We heard you thought our stuff was getting too boring and expensive. Rather than addressing those concerns, we're going to make it easier for you to buy our products."
Indeed. Credit cards are all upside if used responsibly. Obviously, they can be financially crushing if used irresponsibly.
Of course they will. Cards are now only chip so the number is not needed and the same goes for the magnetic strip.
Pretty sad that some need credit cards explained to them and how to use them. It’s not a bad 2 percent card but it’s limited with the one percent for the physical card and doesn’t stand out.
Amex or chase is still way better than this. Surprised Apple didn’t go up to 5 percent on Apple store purchases and 4 percent Apple Pay. I’d probably bite then or at least try to use Apple Pay once in awhile.
Amex or chase is still way better than this. Surprised Apple didn’t go up to 5 percent on Apple store purchases and 4 percent Apple Pay. I’d probably bite then or at least try to use Apple Pay once in awhile.
Oh FFS. Have you used Apple Pay in Europe? Works well, doesn't it? Pretty much every business (many more than in the US) you can just wave your Apple Watch over a sensor and pay.
The physical card is NOT NECESSARY outside the US. It's launching in the US as a stopgap until the US gets its act together as much as the rest of the world.
And if it takes a year to move from the US onward, so what? In five years what difference will it make? You have to be a particularly shortsighted and dimwitted human being to imagine that the entirety of human life will be encompassed by 2019. Apple has to start somewhere, and once that start has some data behind it, it's that much easier to negotiate with Swedish magazines and Thai TV providers and so on.
Just saying, the citi doublecash card is no annual fee and 2% everywhere, regardless of if you pay with apple pay (2% on this apple card) or without apple pay (only 1% on this apple card). It really is a bad credit card and to make it even worse, no sign up bonus. But we all know everyone will get it 'cuz apple'. Apple and goldman sachs aren't going to keep your data any more private and secure than citibank or bofa or any of the other credit card companies.
Many people pay the balance each month and don't carry credit card balances, but they prefer to get points or cash back by using the credit card. You get nothing if you pay by debit.
Most credit card companies are phasing out the signature requirement anyway, and having ID has never been a part of most credit card end user agreements. Merchants can ask for your ID, but if you refuse they still have to accept the card.
You can imagine my excitement when I started. However, within me something was telling me, “not going to happen in Germany yet”, and truly I was disappointed...NOT! Much as I enjoyed having something to write about (Germany’s financial system) in my Innovation Economics research paper I absolutely abhor this!
I am still a little confused with the Goldman choice... Not so much because people think they are evil, but because they don't really have much experience in the commercial bank space. Before they started that loan service this past year they were all Investment bank for institutional investors and asset management for high wealth individuals.... I wonder why Apple didn't go with someone like Citi, or Chase, etc... that have been doing credit cards and commercial banking for ages.. or with Barclays who they already had a relationship with.
The signature panel on my cards say "CHECK ID". About 1 out of 4 people ask for the id.
I'm an American who exclusively uses credit cards. I don't pay fees; instead I get paid to use my cards through rewards. Balances are always paid in full every month unless I'm on a 0% APR promo. I buy what I can afford but use a credit card for the rewards, extended warranties, and purchase protection.
This is the most exciting announcement today. In Europe, every card is chipped with NFC, and has been for years. It's about time that we stop printing the credit card numbers, so that everyone can see it and steal it. Everything should be chip only, no magnetic stripe, and if there's a fixed number, it should be kept secret. This is the first Apple product I'm going to buy this year, perhaps even before the new iMac. I'm tired that every single year my cards get compromised, and a criminal investigation is launched, and I receive a new card, which is inevitably hacked again.
That info -- i.e. removal of signature requirement -- clearly has not filtered down to the folks behind their point of sales systems. In fact, I've yet to find ONE yet that did not require signature. Even in cases where I have used a "real" chip-and-pin credit card -- i.e. PIN-priority, not signature -- some merchants *still* insisted that I sign (sigh). Most don't require the signature after successful PIN authentication, but some do, and even for paltry amounts.
They need to do something to offset slumping phone sales... Because god forbid they were to innovate or lower prices.
https://en.wikipedia.org/wiki/ITunes_Radio
"On January 15, 2016, Apple announced that effective January 28, 2016, iTunes Radio stations, barring Beats 1, will only be accessible by Apple Music subscribers. On January 29, 2016, the iTunes Radio channel was automatically removed from Apple TV devices (3rd Generation and earlier)."
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Ah, easy. I just move to the US for the Card and then move back.
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Don't know about the rest of Europe but Germany is definitely lacking far behind the US when it comes to banking!
I was hoping this will be an alternative option to my Citi DoubleCash credit card but once they said it's just 1% for using the physical card, that eliminated that prospect for sure. Plus, it doesn't look like you can even use it for making purchases online where you have to input your credit card number, CCV, and expiration date.
Oh please. You have no idea what Steve would / wouldn’t do.
People change. Things change. They probably thought a cell phone was a weird idea too at 1 point.