Apple Card Doesn't Support Exporting Data to Financial Apps

[MacClueless]

Really want to be able to pull this data into Mint. Hope they can allow exports/etc quickly (as in, when it leaves beta).

Pretty sure they will.

 

[Steve J0bs]

Got the card this morning thinking I would use it for most of my purchases. Now that I have learned Apple and Goldman don't have the basic skills to do what every other credit card issuer does in allowing me to integrate with the rest of my finances, I won't be using it for anything other than perhaps an occasional purchase from Apple. So disappointing.

Edit: I just saw that it doesn't even provide extended warranty protection which I've used often on Apple iPhones, Macs, etc with other credit cards. So I won't even be using it for Apple purchases. What a lame card! Completely unworthy of the Apple brand.

Yeah, I already got the card and then I found out I cant import transactions into YNAB so that I can track everything and do analysis. Plus the no additionally warranty is just another loss. im gonna stick with my Chase Sapphire Reserve as my main card of choice.

 

[robertcoogan]

And until they do, I'll pass.

 

[pcmike]

Can someone explain to me the purpose of exporting CC data into a third party app/software?

I use my CC for everything. Am I missing out on something that I should be doing every month?

If you’re paying your bills every month just fine, then no you aren’t missing out on anything except some geeky stuff. Quite frankly, I used Mint years ago when it first came out and it was MORE annoying to use than just simply going to each bank’s website. I’m not sure how all these people who SWEAR by Banktivity, Mint, Quicken, etc are able to walk and chew gum. Give me a break.

 

[MacClueless]

Apple should purchase Banktivity. It is superior in my book.

I don’t think that’s their market.

 

[MacClueless]

Wait. This is a Goldman Sachs credit card but it won't work with Goldman Sachs' Clarity Money (their Mint competitor)? Is that right?

No, it’s wrong. It’s an Apple product not a Goldman Sachs product.

Goldman Sachs is to Apple Card what AT&T was to iPhone... merely a launch partner.

 

[MacClueless]

Oh yeah... "So private that even I can't use it!" Nonsense (Apple.. not you). People who are the smartest with their money tend to use software like Quicken. Every single morning I pull down and process transactions. Because of that I know what I owe, what's paid, how much I've got, and what I spend it on.

I can appreciate the "we're early in this game and haven't implemented it yet" for software integration, but even the basic ability to export to CSV - or even view my account online - is not there. Imagine any other bank NOT providing simple online access. Wouldn't last.

Apples more into creatives than bean counters.

 

[MacClueless]

It appears they’ll add it later. Personally, I think it’s better that they take their time. Any path to exfiltrate the data could conceivably be a security/privacy issue if not done right. Best that they take their time and get it right.

Agree. Not a big deal anyway.

 

[MacBH928]

whats surprising from a company that thrives on being a "walled garden" ?

 

[xyz01]

Can someone explain to me the purpose of exporting CC data into a third party app/software?

I use my CC for everything. Am I missing out on something that I should be doing every month?

Overview of where money goes, debt, assets etc...

E.g. to see how much your family spends on cars, mortgage payments, house related expenses, groceries, vacations, impulse buys, electronics, subscriptions etc.

 

[12vElectronics]

If you’re paying your bills every month just fine, then no you aren’t missing out on anything except some geeky stuff. Quite frankly, I used Mint years ago when it first came out and it was MORE annoying to use than just simply going to each bank’s website. I’m not sure how all these people who SWEAR by Banktivity, Mint, Quicken, etc are able to walk and chew gum. Give me a break.

Okay great. This makes me feel better. I’m pretty savvy when it comes to my finances and felt that I might have missed something big but I guess not. I pay my CC in full every month.

 

[Neepman]

Wow. This is turning into a real dumpster fire isn't it?

 

[mikethemartian]

No, it’s wrong. It’s an Apple product not a Goldman Sachs product.

Goldman Sachs is to Apple Card what AT&T was to iPhone... merely a launch partner.

Goldman Sachs is the bank that legally loans you the money whenever you make a purchase.
[doublepost=1565162198][/doublepost]

If you’re paying your bills every month just fine, then no you aren’t missing out on anything except some geeky stuff. Quite frankly, I used Mint years ago when it first came out and it was MORE annoying to use than just simply going to each bank’s website. I’m not sure how all these people who SWEAR by Banktivity, Mint, Quicken, etc are able to walk and chew gum. Give me a break.

You’re supposed to reconcile your bank statements monthly with information you have independently from what the bank provides whether it is through Quicken download or the bank’s website.

 

[Morgenland]

Just about everyone harvests these days. No ability to export financial info to one's budgeting software of choice is nonsensical.

...as long as you think you need another software.
What advantages do you see the others have over Apple?
Habit?

[doublepost=1565173238][/doublepost]

Good. These apps harvest transaction data so that they can do God-knows-what with it.

[doublepost=1565173124][/doublepost]

Careful. Your ignorance is showing.

Why are you accusing him of ingnorance? Do you know better details?
Please share your knowledge!

 

[clickerclacker]

How about MoneyWiz, through Saltedge or Yodlee?

 

[UmichAg]

that's because Apple displays everything you ever need to know with their AppleCard.


just put away all those other cards and info from Mint/Quicken/etc. just use the Apple Card. Probably with the next big release after September you will have full Accounting info for everything with Apple's own app.

Except other cards have better benefits depending upon what you're purchasing. Also, it's nice to merge data from CCs and banking transactions to get a 360 picture of one's financial activitiy

 

[BJMRamage]

Except other cards have better benefits depending upon what you're purchasing. Also, it's nice to merge data from CCs and banking transactions to get a 360 picture of one's financial activitiy

I know...but for Apple it is just about the offerings they have, not what others may offer.

 

[dleute]

No Mint, no signup. I have literally switched banks to get better online support with mint.

 

[GTDaveMac]

If you’re paying your bills every month just fine, then no you aren’t missing out on anything except some geeky stuff. Quite frankly, I used Mint years ago when it first came out and it was MORE annoying to use than just simply going to each bank’s website. I’m not sure how all these people who SWEAR by Banktivity, Mint, Quicken, etc are able to walk and chew gum. Give me a break.

I’ve used Mint and feel the same way. I used Banktivity for years and it was fine to reconcile accounts with statements but when I tried budgeting with it it was horrible.

I switched to YNAB and it’s a totally different concept. It really allows you to make your money work for you. Some people use it to get out of debt, but if you don’t have debt it still can help keep your spending on track and ease financial stress if used properly.

By the way, in relation to this discussion, previous versions of YNAB didn't support linking to banks because part of the methodology is to add transactions as you go and not wait for them to clear your account. The new web version allows this but if you are sticking to the "rules" then you add each transaction to YNAB when you make it and the web import helps catch anything that you might miss.

And... Personal Capital is awesome to get an overview and for retirement planning scenarios.

 

[Tom G.]

I view Apple not exporting data as a plus. With the displays of how you use your money already built into the card, exporting is not needed. Besides, you can always do it manually. To many people allow their data be sent Willy-nilly all over the internet, then scream bloody murder when their info is leaked. I appreciate Apple not allowing that.

One of the most important features of the card to me is security. Thank you Apple for keeping my financial info secure.

 

[Timemaster]

Can someone explain to me the purpose of exporting CC data into a third party app/software?

I use my CC for everything. Am I missing out on something that I should be doing every month?

The biggest thing is to bring everything into one spot and to help track trends.
I will start with I have never paid a penny of interest ony credit cards in the over 10 years I have had them followed by I pay everything on them.
What the pulling into a third party app lets me do is track trends and to total up monthly expenses accross multiple accounts. Let's not get into the multiple CC's or bank accounts but simple in just types of accounts.
Iny case that would be bank account, CC accounts, car loan, retirement accounts.

I count 4 in just that list to keep track off not to mention there are multiple ones of all of them but the car loan. Everyone of those accounts is at a different place. Pulling them all together in one place makes life a lot easier to track everything.

 

[ipponrg]

If you’re paying your bills every month just fine, then no you aren’t missing out on anything except some geeky stuff. Quite frankly, I used Mint years ago when it first came out and it was MORE annoying to use than just simply going to each bank’s website. I’m not sure how all these people who SWEAR by Banktivity, Mint, Quicken, etc are able to walk and chew gum. Give me a break.

Everyone has their own workflow of managing their finances. It’s naive to think it’s always a geeky thing

I had a roommate who literally saved all his paper receipts and manually input them into Quicken. He then budgeted his finances every month thru different models. He is an investment banker

 

[tabilo]

1. No exporting card data on you from Apple sounds like a violation of Europe's GDPR that will have to be resolved before launch there.

No it does not, GDPR tells companies that they must provide all collected personal data points on request (not necessarily via technical interfaces). You might point to PSD2, but it is questionable if a credit card account falls under the “access to account” rule.

 

[newellj]

Unless you plan to move all or essentially all of your credit card use to the Apple Card, this is a really big deal for people who use Mint or Quicken or similar software to manage their finances.

Looking at the Apple Card "features" - mezzo rewards, no extended warranty, no data import - it's hard to see that it's a competitive offering in a very competitive marketplace.

 

[Cashmonee]

I am just not seeing the advantage of using this card over other cards. The rewards are not fantastic, it is tied to a mobile OS, the benefits are not terribly good, and you cannot use it with a budget app such as YNAB.

If you’re paying your bills every month just fine, then no you aren’t missing out on anything except some geeky stuff. Quite frankly, I used Mint years ago when it first came out and it was MORE annoying to use than just simply going to each bank’s website. I’m not sure how all these people who SWEAR by Banktivity, Mint, Quicken, etc are able to walk and chew gum. Give me a break.

I use YNAB. It's about budgeting your money and ensuring you are not overspending on certain things that you cannot or do not want to overspend on. It is part of a general discipline for spending. If you can do that without an app, then good for you. As a family of 4 it can be pretty easy to overspend on things. YNAB helps you plan ahead for what you will be spending in the upcoming month. If you have heard or read about Dave Ramsey, YNAB is very similar.