Apple Card App Expected on iPad, Barclaycard Visa No Longer Offers Apple Rewards

[iapplelove]

Earning cash back rewards DOES NOT mean you are in debt. Why can you not wrap your head around the idea of putting your normal monthly expenditures on a credit card that earns you cash back and then paying off that card every month?
No interest paid.
Cash back earned

You are in no more debt than if you didn't have a credit card. Same amount of money out of your pocket. Bonus of some money coming back into your pocket.
Not rocket science.

You literally just put word in my mouth. When did I say earning cash back meant being in debt?
And using CCs is debt until you pay it off. My simple point is most people DO NOT pay off their bills each month.

 

[Phone Junky]

You literally just put word in my mouth. When did I say earning cash back meant being in debt?
And using CCs is debt until you pay it off. My simple point is most people DO NOT pay off their bills each month.

My mistake. I meant, having a CC to earn cash back rewards does not mean you are in debt. I guess your definition of debt is different than mine. Paying off your monthly expenditures that you have put on a CC to earn cash back is not debt in my book. It's smart.

 

[iapplelove]

My mistake. I meant, having a CC to earn cash back rewards does not mean you are in debt. I guess your definition of debt is different than mine. Paying off your monthly expenditures that you have put on a CC to earn cash back is not debt in my book. It's smart.

While I don’t think it’s “smart” I agree paying off the monthly statement each month is not debt.

Again, my point is “most” people do not. MacRumors members strike me as a bit more responsible than the average consumer so I get the negative feedback to my posts.

However, I don’t and will never use CCs to gain points or cash back deals of any kind. I just don’t need to. I have plenty in the bank.

 

[Phone Junky]

While I don’t think it’s “smart” I agree paying off the monthly statement each month is not debt.

Again, my point is “most” people do not. MacRumors members strike me as a bit more responsible than the average consumer so I get the negative feedback to my posts.

However, I don’t and will never use CCs to gain points or cash back deals of any kind. I just don’t need to. I have plenty in the bank.

Fair enough. You choose to not take the free money. I'll take it whenever I can.

 

[Gutwrench]

Because, for many people...they don’t pay it off each month even with the intent on doing so. Also things in life happen. Like I’ve said already it’s easier said than done.

They should avoid credit cards then.

Now I can’t obviously speak for everyone and I’m sure the few who post here yeah they do pay off their balance every month.

So credit card rewards are financially wise for them.

I don’t need cash rewards, miles etc. etc. I stay away from CCs and debt of all kinds with the exception of a mortgage.

Then you should just use cash. You’re not a better or worse person than anyone else over that choice.

 

[iapplelove]

Then you should just use cash. You’re not a better or worse person than anyone else over that choice.

I do use cash, or debt card only. Don’t think I’m better nor worse than anyone else.

 

[Gutwrench]

I do use cash, or debt card only.

That works perfectly for you.

Don’t think I’m better nor worse than anyone else.

Evidently you do.

However, I don’t and will never use CCs to gain points or cash back deals of any kind. I just don’t need to. I have plenty in the bank.

 

[iapplelove]

That works perfectly for you.

Evidently you do.

That to you translates into me thinking I’m better than anyone?

Kind of a dick attitude no?

 

[Gutwrench]

That to you translates into me thinking I’m better than anyone?

Kind of a dick attitude no?

I’m not judging, just observing.

 

[iapplelove]

I’m not judging, just observing.

lol and you are judging based on a false observation. But go ahead what do I care what you think.

I love having zero debt and cash on hand. Yeah I know how horrible lmao

 

[Gutwrench]

I love having zero debt and cash on hand. Yeah I know how horrible lmao

Plenty of people are in the same situation and take advantage of the rewards. You choose not to take advantage of them. That works for you.

You and I buy exactly the same groceries in a month.
You spend $500.
I spent $470.

That works for me.

 

[dangerfish]

I don't get the aversion to credit cards either. Just like antibiotics or anything else in life, you have to use it wisely.
I just bought a new mountain bike that cost $5K. I have the cash but did I use it? Hell NO! I went and got a new credit card that gave me $500 cash back after spending $3K (Chase Ink) and then 12 months no interest financing. Who wouldn't want $500 free dollars?

In March, I took my family of 4 to Europe and didn't pay anything for the airfare due to points accumulated on our main credit card (value of $2K).

Twice, I've utilized the extended warranties provided for free by my credit card to repair Apple laptops that were out of warranty. Without that benefit, I would have been out $800.

I get that some people think that being "in debt" is the devil but its not so long as you are smart about it.

 

[Phone Junky]

I don't get the aversion to credit cards either. Just like antibiotics or anything else in life, you have to use it wisely.
I just bought a new mountain bike that cost $5K. I have the cash but did I use it? Hell NO! I went and got a new credit card that gave me $500 cash back after spending $3K (Chase Ink) and then 12 months no interest financing. Who wouldn't want $500 free dollars?

In March, I took my family of 4 to Europe and didn't pay anything for the airfare due to points accumulated on our main credit card (value of $2K).

Twice, I've utilized the extended warranties provided for free by my credit card to repair Apple laptops that were out of warranty. Without that benefit, I would have been out $800.

I get that some people think that being "in debt" is the devil but its not so long as you are smart about it.

You're preaching to the choir. I guess some people just have an aversion to free money.

 

[DeepIn2U]

I want one just to get the cool titanium card. I doubt seriously if it will be used.

Many PowerBook G4 Titanium’s (TiBook’s) were recycled to make these credit cards /s

 

[G5isAlive]

Ok, so you've only been to 8 countries. I'm sorry.

Most places outside of the US either prefer cash or don't accept credit cards. Fact.

Especially when purchases are small, most places won't let you use a credit card. That's pretty much an American convenience thing where people are accustomed to purchasing a stick of gum with a cc. I can assure you there are very few countries where this is allowed.

Based on what? I travel in Europe extensively and always use my credit card. Your use case of buying a stick of gum is absurd. I don’t do that anywhere. But it helps me understand your cash only perspective if your usual purchase is a stick of gum.

Btw, you use cash to pay for your internet service you use to post here? Didn’t think so.

 

[DeepIn2U]

I seldom buy direct from Apple because retailers offer discounts plus a better cc reward %. Even iTunes is basically loading a gift card at 20% off.

Agreed. What I find hilarious is with your insightful post this Apple Card is offered only in the USA where such deals are plentiful and offered almost monthly yet north of the border where I’m from, $50-100 discount on a $2000 MacBook Pro isn’t worth the rush to take advantage.

I really with our nations populace was more than double of what it was.
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I'd love to get this in Canada but we're still waiting for AppleCash.

I see these as a near replacement for a bank checking account. In Toronto, ApplePay is accepted near universally. Everyone from the grocery store to the ice cream truck accepts tap payments, so ApplePay works everywhere you go. AppleCard would be used to make bill payments which is currently one of the remaining places I can't use ApplePay.

I run a business and I get most of my income from clients who pay via Square. Currently, Square requires being linked to a bank account. I can foresee a future where I can accept any sort of tap payments by doing a reverse ApplePay sort of thing where you type a credit card on an iPhone to accept a payment as AppleCash. Meanwhile, I'll still need to have a checking account as the intermediary.

‘Sup fellow Tdot neighbour

You really should write into Apple of your thoughts on AppleCash n Apple Card.

I agree the near universal use of ApplePay here in Toronto and I love it!

Some bank partnerships are very frustrating when linking a new bank card and wanting to use it right away. Example, CIBC u have to call in when you link your visa-debit card before using it on Presto else it’ll get identified as fraud and self remove from your wallet. Oddly enough using it I now see AplleCash with $0 in my wallet yet no way of transferring into it.

PS: which ice cream truck were you able to use ApplePay with? I’ve only seen them post a sign outside of the menu asking cash only.

 

[DeepIn2U]

Really interested to know the qualification criteria. Is this card only for those who can prove six figure salaries and have credit scores over 800 or will they open it up to a larger market?

Credit score of 600 is required from what I read on a previous article on this site not too long ago.
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I found the guy that is paying 2% more than me on every purchase he ever makes.

I spend $4k US a month on credit cards, so 2% is $80 a month or $960 a year. I get $960 more than you each year, all for pulling a different card out of my wallet.

No I've never paid interest or fees.

What credit card do you have please?!
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I can't wait to use my Apple card to buy some Apples!

A whole bushel of Apples, yaaaaar!

 

[DeepIn2U]

LOL! Right, because Apple Pay is accepted everywhere. Just stop making excuses.

And yes, identify theft is on the rise and with it credit card theft, including but not limited to people opening up cc's in your name. It's not unusual for all or some of people's accounts to get compromised.

Here's a far more realistic scenario for you:

1. You want to buy something with your credit card at a store that does not accept Apple Pay (most stores do not accept Apple Pay: fact)
2. Your cc stops working for whatever reason (which can range from being compromised to the merchant cc reader malfunctioning - happens frequently)
3. You're screwed

By having cash, you're not relying on the bank, the network, etc. You pay, you go. Done.

And where do you think you get your cash from huh?

- paycheque
- employee or self employed
- transactions into
- bank / bank machine and the source ...
- central bank the prints that cash.

So ya even by your view and diatribe you’re still relying on, in one form or another, the bank!

 

[DeepIn2U]

Point was Apple Pay is not accepted everywhere. So how do you expect to make a purchase with your credit card if it's suddenly compromised and not working? - You cannot.

With cash, there are no such worries.

With cash the worry is when travelling and the neighbouring country does not accept your currency, even at the border (Canadian vs USA dollar) where it’s broken is highly unbalanced, unfavourable and almost illegal currency exchange rates that does NOT follow the market.

The bonus benefit is being robbed in the USA with Canadian currency on you and the crook comes back to you returns your Monopoly money and insults you to get some real money there has been several instances of this over the years lol.

 

[MisterSavage]

With cash the worry is when travelling and the neighbouring country does not accept your currency, even at the border (Canadian vs USA dollar) where it’s broken is highly unbalanced, unfavourable and almost illegal currency exchange rates that does NOT follow the market.

Yep. Hit this when I was going to be in a country that didn't take Euros for a short time followed by others that would. Such a pain dealing with cash.

 

[unobtainium]

Why not just have savings and not use a CC? I don’t see why that’s so hard.

Because

The rewards and security of credit card purchases are worth it

 

[BlandUsername]

Using cash doesn't make sense when you can:
1. Save the money for your purchase.
2. Use a credit card to make the purchase.
3. Pay off credit card on next statement therefore no interest.
4. Acquire cash back from the credit card for your purchase.

AND spread the payments out interest free.

 

[Karma*Police]

Using cash doesn't make sense when you can:
1. Save the money for your purchase.
2. Use a credit card to make the purchase.
3. Pay off credit card on next statement therefore no interest.
4. Acquire cash back from the credit card for your purchase.

If everyone used cash, businesses would be able to lower the price of their goods which would more than offset whatever you get in cash back incentives, which, by the way, is financed by the very people who can least afford it. Banks charge outrageous fees to people who are struggling to make their payments in order to give you your cash back.

 

[michelleeris]

While I don’t think it’s “smart” I agree paying off the monthly statement each month is not debt.

Again, my point is “most” people do not. MacRumors members strike me as a bit more responsible than the average consumer so I get the negative feedback to my posts.

However, I don’t and will never use CCs to gain points or cash back deals of any kind. I just don’t need to. I have plenty in the bank.

If I understand you correctly, you have so much money that you do not need any more money, even though you can get that money for free (assuming that there's no annual fee for the credit card)?
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Apple is set to launch its own credit card this month, and ahead of time, Bloomberg's Mark Gurman and Jennifer Surane have revealed a few more details.

The report claims that the iPad will have a dedicated app for signing up for and managing the Apple Card, as confirmed by hidden iOS 12.4 references uncovered by developer Steve Moser. This is because the Wallet app, where the Apple Card will usually be found, is limited to the iPhone and iPod touch.

Meanwhile, in new terms disclosed this week, the report adds that Apple Card holders will be offered standalone financing plans for select purchases, in addition to the ability to carry a revolving balance. This could possibly allow users to make a large purchase and pay it off over a set period of time for a fixed monthly fee.

Last, the report notes that the Barclaycard Visa no longer offers Apple rewards, such as $50 worth of Apple Store or iTunes gift cards to new customers and three points per dollar spent on Apple products. The card remains available for now with special financing rates for qualifying Apple purchases.

Apple CEO Tim Cook confirmed the Apple Card will launch in August in the United States, but he did not provide a specific date. In a previous report, Gurman said the Apple Card will be available as early as the first half of the month.

Article Link: Apple Card App Expected on iPad, Barclaycard Visa No Longer Offers Apple Rewards

I use my AMEX card for almost all purchases where I don't use cash; the exceptions being, obviously, at places that don't accept American Express. That way, I accumulate points for my Marriott Bonvoy membership, which gets me free stays in their hotels. When I can't use the AMEX card, I use a Visa card that gets me points back. When I get my Card, I'll retire the Visa card.

One place I won't use the Card, though, is Costco, because the only credit or charge card they accept is Visa.

 

[iapplelove]

If I understand you correctly, you have so much money that you do not need any more money.

Yes that’s it exactly. You got me. I have so much money I don’t need anymore.