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Apple Card: All the Details on Apple's Credit Card
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Who cares about the interest rate? You shouldn't ever carry a balance on your credit card. Credit cards aren't ever the right tool for financing purchases. They're for convenience and security.
I hate to say this, but can't help myself.....
" Will it bend"
" Will it bend"
Usurious? They are on the low end of the spectrum by a decent margin. Want to see a REAL terror, look at cards from Target, or even a Chase Freedom card. The delta on those is a good 4-5 points from this.
Good question! I hadn't thought of that. I use Quicken for Mac daily.
It's just another fancy looking mastercard... that is combined with an AI tracking every payment with a geolocation and map lookup.
"privacy focused"
Use NFC or Chip ffs... both of those sign the transaction. Having magstripe as backup is basically an invitation for what is technically known as a downgrade attack.
But let's be honest... If they launch it in Europe (strong doubt for the next few years) I'll certainly get one... mostly because it looks fancy and seems to be free of charge...
"privacy focused"
Seriously?
Use NFC or Chip ffs... both of those sign the transaction. Having magstripe as backup is basically an invitation for what is technically known as a downgrade attack.
But let's be honest... If they launch it in Europe (strong doubt for the next few years) I'll certainly get one... mostly because it looks fancy and seems to be free of charge...
Or ate least 2%, 3% and 4% would have been nice and still encourage using apple pay vs the physical card.
I too would like to know if they have any intention on an interest free financing option. I have a barclay card with them primarily for making large purchases (just did two iPad Pro’s).
What I do see is great is 3% back on itunes, App Store, and apple purchases. Barclay’s card is essentially the same amount (3 points to the dollar) but it can only be redeemed for itunes and apple gift cards. Being able to redeem it for real cash is a win win.
The only other question I have, though, is will my IUP payments count as an Apple purchase (it does for barclay)?
What I do see is great is 3% back on itunes, App Store, and apple purchases. Barclay’s card is essentially the same amount (3 points to the dollar) but it can only be redeemed for itunes and apple gift cards. Being able to redeem it for real cash is a win win.
The only other question I have, though, is will my IUP payments count as an Apple purchase (it does for barclay)?
The national average APR across the 100 top credit cards is around 17.5%.
swingerofbirch
macrumors 68040
I can't say I would be proud to be in the consumer debt business.
Credit cards are very convenient, but they make money off of people who are in a bad situation or use them inappropriately, not those who benefit from them.
Credit cards are very convenient, but they make money off of people who are in a bad situation or use them inappropriately, not those who benefit from them.
That was my thought too. If you look past the sleek card itself, this is a pretty lame credit card. Even for Apple.com purchases, iirc, it's pretty routine to get 5% cash back if you click through your credit card company's partner link. It's solidly middle-of-the-road from a rewards standpoint in every day.
Fwiw, I actually don't like this metal card fad. I specifically requested Chase to send me a plastic card instead their fancy metal ones. The metal cards interfere with my RFID building pass and RFID subway pass.
Can you imagine..the new thing will be people bragging about who's credit limit is higher...
You are missing that all the info is on the card in your Apple Wallet so you are good to go!
It's pretty clear from the pics on the article that there's a chip, but there do still exist TONS of vendors out there who don't take chip. Exhibit A: some of the CHAINS in Bay Area airports, who have absolutely NO excuse, but still get a long line because they drawn enough foot traffic to avoid it.
I re-read. My bad lol. Still want to know if IUP counts as an apple purchase, though.
I would assume that stays in place till you've paid it off. I'm wondering what will happen with the Barclay's Apple Card. Normally the card sponsor (Apple) would shift its existing customers off of one vendor (Barclays) to the other (Goldman) - just had this happen with another card / sponsor. But since we haven' heard anything else at this point...who knows what'll happen.
What's really going to be interesting is to see if and how long it will take to obtain true worldwide adoption.
If you go to a shop in an alleyway in Italy on the back of a truck, these days you can pay electronically thanks to the global acceptance of VISA, AMEX, MASTERCARD, etc.
From my understanding, Apple isn't using any of these traditional credit card backbones to build their ApplePay card on top of. In fact they're essentially competing with them, believing that in the long run, they'll out perform them due to their strategic placement and dominance.
If you go to a shop in an alleyway in Italy on the back of a truck, these days you can pay electronically thanks to the global acceptance of VISA, AMEX, MASTERCARD, etc.
From my understanding, Apple isn't using any of these traditional credit card backbones to build their ApplePay card on top of. In fact they're essentially competing with them, believing that in the long run, they'll out perform them due to their strategic placement and dominance.