Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Believe I read that there will be no availability to have an authorized user, at least at launch.
That would make sense since it might get a lil tricky to have the same card in two different user's Apple Wallets but I dunno.
 
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.

Apple Card is a Mastercard issued by a 150 year old bank. It's as traditional as it gets.
 
Here are some questions I haven't seen answered/explained anywhere:
  1. Is there an interest-free grace period like any other credit card? Seems obvious that it'd be yes, but the descriptors about flexible payment dates, encouraging more frequent payments, etc. makes me wonder.
  2. How will card users make payments to their account... and from what types of funding sources?
 
  • Like
Reactions: locovaca
Its still a regular MasterCard... they just put it on the back.
 

Attachments

  • Capture 9.JPG
    Capture 9.JPG
    24 KB · Views: 429
Maybe I missed something but if there is no CC#, how will you be able to make purchases at online retailers that don't offer Apple Pay or PayPal?
 
Looks like my earlier prediction that Apple's services would include payday loans isn't so comical. It could happen after all. When General Electric was cash rich, they created GE Capital and GE Consumer Finance.

Well, we now know what Cook was eluding to when he said things were in the pipeline. Appears it was a sewer pipe.
 
Does anyone currently have a credit card made of metal? I am curious what your experience is with it and US airport security.

Having a thin, sharpish looking, piece of metal in your wallet is bound to trigger some TSA screener to take a closer look at it.

I am not so worried about having to bring it through, since I can probably tell them to toss it if its an issue and disable it on my phone.

I am more just curious because I want to get through the line as fast as possible and don't want to have to be held up every time. Also I have TSA Pre✓ and have a sneaking suspicion if I get flagged enough times I might be kicked off it.
 
Can someone explain what it is with N-America and Credit Cards? Like history and why people use it. Whats so good and convinient about paying interest on money you spend? I just can’t get my head around it.
Where i’m from(and I would say a big part of Europe) , 99,99% use debit cards- you only use money you have and thats it, you have some money- you spend it. That simple. Some people have credit cards as a backup while traveling, but the whole concept of spending money, then receiving receipt at the end if the month and paying againg, God forbid with %...it’s just...how can someone justify it as a smart idea?
 
  • Like
Reactions: AlexGraphicD
Maybe I missed something but if there is no CC#, how will you be able to make purchases at online retailers that don't offer Apple Pay or PayPal?

The number will be on your phone in wallet. The idea is that a waiter can't just write down your number to use later.
 
Maybe I missed something but if there is no CC#, how will you be able to make purchases at online retailers that don't offer Apple Pay or PayPal?

The information will be in your wallet app that I think you can copy and paste using handoff or just type in on the site.
 
Can someone explain what it is with N-America and Credit Cards? Like history and why people use it. Whats so good and convinient about paying interest on money you spend? I just can’t get my head around it.
Where i’m from(and I would say a big part of Europe) , 99,99% use debit cards- you only use money you have and thats it, you have some money- you spend it. That simple. Some people have credit cards as a backup while traveling, but the whole concept of spending money, then receiving receipt at the end if the month and paying againg, God forbid with %...it’s just...how can someone justify it as a smart idea?
I dont know about US, but in NZ most people have credit not debit. Mainly becuase most people are poor and use it as a floating credit.

I use it to balance out monthly income schedules that do not coincide with monthly bill schedules. Haven't paid interest on them in over a decade, and get airpoints from it.
 
  • Like
Reactions: Biu_miu
...In addition, metal cards are very much as USA/Canada thing. Europe not so much. Amex in the UK don't offer any cards in metal despite the sky-high ownership fees. I would not be surprised to see this launch in the UK as a plastic version. Hope I'm wrong as it will probably force Amex to up its game.

How so? All my AMEX cards are metal already. Platinum and Gold cards are all metal now. Centurion cards have been metal for a long, long time (maybe always (Not old enough to know, thank God!)).
 
The thing I find a bit misleading about Apple Pay's privacy is that many vendors require you to provide name/address data when checking out with Apple Pay in apps (even when there's no shipping involved). Kind of defeats the purpose of no tracking when you have to provide your info anyway. That's not Apple's fault, it's the merchants still trying to get their hands on data, but Apple could take app store review processes to reject apps that require additional data with Apple Pay when not relevant to providing the service.

In any case, I'm sure I'll try the card. It probably won't become my go to card for most purchases but it doesn't have any fees so no harm in trying its feature set.
 
Okay I have a question.... so I have a balance to pay. I choose to pay the entire balance. How do I do that? Check, another credit card? Just how do I pay my card balance month to month?
 
I’m waiting to see how easy or difficult will it be to pull transactions into financial management software (like Quicken or Banktivity).

Apple is not the issuer of the credit. Goldman Sachs and MasterCard are, so you'd likely be able to get your transactions through them.
[doublepost=1553718170][/doublepost]
Okay I have a question.... so I have a balance to pay. I choose to pay the entire balance. How do I do that? Check, another credit card? Just how do I pay my card balance month to month?

You can link your chequing (er, checking) account to your Wallet and pay from there.
 
Can someone explain what it is with N-America and Credit Cards? Like history and why people use it. Whats so good and convinient about paying interest on money you spend? I just can’t get my head around it.
Where i’m from(and I would say a big part of Europe) , 99,99% use debit cards- you only use money you have and thats it, you have some money- you spend it. That simple. Some people have credit cards as a backup while traveling, but the whole concept of spending money, then receiving receipt at the end if the month and paying againg, God forbid with %...it’s just...how can someone justify it as a smart idea?
If you were to finance something like a house you need a good credit score. Having and paying off a credit card before you incur interest is one way to improve your credit score easily.
 
  • Like
Reactions: Biu_miu
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.