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Apple Card Extending 3% Daily Cash to More Merchants, Starting With Uber and Uber Eats
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I would say it definitely won't be replaced automatically with an Apple Card
Somehow it's become a political issue. I think it has in roots in taxis being tied to governments (regulation and medallion sales) and unions. Uber was first to market and disrupted the heck out of taxis and they've become the poster child for evil. Their tactic of ignoring local ordinances as they pushed into every possible market didn't help but the cynic in me thinks if they were doing so with a industry more appealing to the left (say cannabis shops) there wouldn't be nearly the uproar.
Since then it seems it's been open season to hate Uber for every possible reason. Travis being an idiot, general fear over gig-economy jobs, sexual assault, depression and suicide; if anything bad happens it might be news but if the same bad thing happens in any way related to an Uber it becomes a lead story.
My general observation is that people on the political left don't like Uber, I don't see any strong preference for one ride sharing platform over another on the political right. Being slightly right of center it all seems silly to me.
you'd be paying them an extra 0.36% (1.3881 per month at 17.99% per year vs. the person with a 12.99% APR.
If you owe Apple 10K,You'd owe them an extra $500 in the very remote hypothesis you owe them for an entire YEAR (unlikely not to say maybe impossible and irresponsible) and do not replace that debt with an actual loan from a bank with a hopefully a much lower APR. In this case, any cashback or rewards would be the least of your problems.
I don't think it's worth fighting for...
https://www.macrumors.com/2019/08/02/apple-card-ipad-app-report/
It seems that the card will continue to exists (Barclays Credit Card) but will no longer offer Apple Rewards.
Per Apple's Welcome email Note 1: "An Apple Cash card is required. The Apple Cash card is issued by Green Dot Bank, Member FDIC. See www.apple.com/apple-pay for more information. If you do not have an Apple Cash account, Daily Cash can be applied by you as a credit on your statement balance."
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I got 12.99%
We really need to shame retailers into taking Apple Pay now.
I'm looking at you:
T-Mobile
Netflix
Trupanion
Chewy
Amazon
Though that last one might not happen any time soon.
I'm looking at you:
T-Mobile
Netflix
Trupanion
Chewy
Amazon
Though that last one might not happen any time soon.
This is good news. I don't care about Uber, but that means they'll add more. And 3% cash back is good. While I initially had no interest in Apple Card, I got it just for the 3% with Apple purchases (I buy all my movies through them, and Apple Music...and I'm hoping to get a new computer this year), so it's worth it just for that. 2% using Apple Pay is fine, too, since that's what my Citi Double Cash gets me. But if 3% opens up to more merchants, that can only be a good thing.
I was referring to credit limit, not interest rate. Sorry, I edited my post to be more clear now.
interest rates are 12.99 to 23.99 currently (and will vary with changes to the prime rate)
Guess what my interest rate is using my debit card? 0%! It’s great! No monthly debt to pay, and I can afford what I buy.
Yawnnnn. Using a debit card is *so* boring.
Allow me to continue using my credit cards, racking up points and paying the balance off in full thus not paying a dime in interest.
Take care.
Do what you like, I don’t care. But most people don’t pay off in full and getting a tiny percentage back in cash if you spend is only going to exacerbate that problem. So yeah, I’ll be “boring” but I’ll end up with more $$$ than you. Take care!
Lmao I don’t care what you do either. I’m just having fun. “Most people don’t pay off in full” well sir or ma’am I’ll have you know that I am not most people. I’m my own person and I am winning at this credit card game. Making my own money and then some because all of the free points / rewards.
Good day!
You actually won't. You're throwing away money. Retailers are charging you, everybody, for the aggregate fees they incur for rewards cards and you're leaving money on the table. All because you're not able to manage credit. Toodlepip!
Even if you're correct (which you're usually not - CC surcharges aren't typically charged to people who don't use one, at least where I live), the tiny amount I'd incur due to fees being passed on in each transaction pales in comparison to the average debt CC holders owe.
It's not a skill to "manage credit", it's the mark of somebody who mistakenly thinks having an extra bill each month is some kind of credential. You're their prime target. Adios!
The "average debt CC holders" owe is completely irrelevant if you just pay the full amount. You don't even need to do anything, just enable autopay. If you spend $3000 dollars a month on your debit, and I spend $3000 on credit with autopay on, you have nothing and I have $30-50. Best of all, some of that money is actually yours. One born every minute. Thanks.
The average CC debt isn't some kind of disembodied statistic that doesn't apply to people who're able to pay in full each month at this point in their lives.
How many people who bring up that average do you think were able to say that at one point? Then circumstances changed, maybe they lost a job unexpectedly, had medical expenses, etc. - and all of a sudden... life.
So when your circumstances change - which they will - you'll be left with a $3k bill, all because you're chasing that 1% cash back.
I understand your argument, but it's a fallacy.
You got that one right, at least.
How many people who bring up that average do you think were able to say that at one point? Then circumstances changed, maybe they lost a job unexpectedly, had medical expenses, etc. - and all of a sudden... life.
So when your circumstances change - which they will - you'll be left with a $3k bill, all because you're chasing that 1% cash back.
I understand your argument, but it's a fallacy.
You got that one right, at least.
If you're an adult and you lose your job and can't cover, at a very minimum, 3-6 months of living one you've failed at life. If you mismanage your finances to that degree I can definitely see why a credit card would be scary. Again though, thanks for the free money, I do appreciate it.
That's reality for the vast majority of people. They haven't "failed at life" (!), they're in that situation because for many people it's a struggle. Those without a $3k bill eating into their savings if circumstances change are better off - if you genuinely can't see that, I don't know what to tell you.
By your same logic, why is that 1% such a big deal to people who manage their finances well? If getting $30 back is such a reward because you're spending $3k a month on credit cards, good for you, I suppose. I don't need it, and having one less bill than you and zero risk is more valuable.
The "losing your job" thing is really a non-argument anyway. Don't spend money you're about to earn, spend money you have earned. If you lose your job you pay with the same money you'd pay with debit, but you get something back to stock up on ramen if you don't have saving.
This isn't rocket science. Don't spend more than you've earned in the prior period. You lose nothing, you gain anything from 1 to 3% or so. If you don't do it, you're throwing money away. That's your prerogative.
I don't care to pursue the conversation further. If you're happy leaving money on the table, I'm happy to let you. We're only talking about this at all because you felt you had to "educate" those who can manage.