Apple Card Extending 3% Daily Cash to More Merchants, Starting With Uber and Uber Eats

[iScone]

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.

Agreed, and I enjoy doing that with 0% interest and no risk.

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.

Sure, I'll concede that in the 'gain' column, you get 1% to 3%, and I don't. But it's some twisted logic to claim I'm "throwing money away" when you have to spend $3k to get that in the first place. If we both spend $3k, you get $30 and I don't. But in the other column, those interest rates are looming.

I don't know where you're from (and it's a similar story the world over) but the facts in America are: the average credit card debt is over $5k and most people don't pay off in full each month. If you're in the minority that do, great - enjoy your 1% payout. But that just isn't how it works for most people.

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.

And if you're happy to make illogical arguments to justify taking risks with your money and getting into debt, all because 1% cash back and titanium etching is such a big deal to you, go right ahead. I don't care to "educate" anybody, but the facts are the facts.

Americans - for example - now owe more than $1 trillion on credit cards alone.

Enjoy your $30!

 

[Feenician]

Agreed, and I enjoy doing that with 0% interest and no risk.



Sure, I'll concede that in the 'gain' column, you get 1% to 3%, and I don't. But it's some twisted logic to claim I'm "throwing money away" when you have to spend $3k to get that in the first place. If we both spend $3k, you get $30 and I don't. But in the other column, those interest rates are looming.

I don't know where you're from (and it's a similar story the world over) but the facts in America are: the average credit card debt is over $5k and most people don't pay off in full each month. If you're in the minority that do, great - enjoy your 1% payout. But that just isn't how it works for most people.



And if you're happy to make illogical arguments to justify taking risks with your money and getting into debt, all because 1% cash back and titanium etching is such a big deal to you, go right ahead. I don't care to "educate" anybody, but the facts are the facts.

Americans - for example - now owe more than $1 trillion on credit cards alone.

Enjoy your $30!

Since you're viewing this from an American perspective: Credit Cards don't kill finances, people who spend more than they've earned do.

 

[newyorksole]

They've got you right where they want you. Tragic.

I’d say I have THEM right where I want THEM.
[doublepost=1566353735][/doublepost]

Since you're viewing this from an American perspective: Credit Cards don't kill finances, people who spend more than they've earned do.

You’re my hero! Lol.

Thank you.

 

[Jgltno]

Yay, more merchants!

uber... oh, nevermind.

Not going to lie. I actually got excited when I read Uber and Uber Eats. Use both apps frequently. Looking forward to the additional merchants.
[doublepost=1566356938][/doublepost]

Anyone know how much you get back when using a random credit card generated number? Meaning Amazon doesn’t use Apple Pay and I can’t use my physical card so I’d use the Apple Card app to create a credit card number. Does that count as 1% or 2% cash back?

It counts as 1%

 

[Jgltno]

Can someone clarify this for me: Is daily cash something you have to "cash out" every single day, or is it always there and available whenever you want it? I'm trying to figure out if it means you use it or lose it, or it accrues daily instead of monthly like other cards.

It is always there and available when ever you want. It accrues daily in your Apple Cash card (once purchases are not pending).

 

[Narrator Jack]

We really need to shame retailers into taking Apple Pay now.

I'm looking at you:

T-Mobile
Netflix
Trupanion
Chewy
Amazon

Regarding TMobile, you must be referring to just websites and apps, as you can walk into a store in the US and use Apple Pay on their POS's, for your phone bill, hardware, whatever.

 

[Robert.Walter]

It would be nice if they got those apoplectic geezers who run Kroger on board.

Underrated comment.

And

Meijer FTW.

 

[digthewell]

A hit? In a country where so many people use cash that even Uber was forced to allow that payment option? I doubt it. And the same goes for Mexico, the only other country where Uber has to accept cash because people are so backwards that they still use cash 90% of the time.

I think you're quite mistaken and undermine the emerging market that Uber operates in. Though cash is still king in India, the urban financial landscape has drastically changed overtime. I personally do not know anyone who relies on cash to pay for their cabs or day to day transactions. People are using mobile wallets, credit cards, etc. more than ever before. Merchants who didn't accept credit cards are now accepting mobile wallets. There will always be a class of people, mostly the older generation who will be wary of plastic money.

Using cash is not the parameter for the "backwardness" of people. That is just a stupid argument to even make. Some of the most mature economies, such as Germany, still primarily deals in cash and are wary of plastic money.

There are reasons beyond one's ignorance to equate usage of cash as backwardness and it frankly speaks of your lack of exposure and knowledge.

Frankly, what a dumb ass racist comment to make.

 

[iScone]

I’d say I have THEM right where I want THEM.

Of course you would.

 

[msp3]

>tfw Chase Freedom/Discover-style rotating bonus categories are not far away

 

[fairuz]

I think you're quite mistaken and undermine the emerging market that Uber operates in. Though cash is still king in India, the urban financial landscape has drastically changed overtime. I personally do not know anyone who relies on cash to pay for their cabs or day to day transactions. People are using mobile wallets, credit cards, etc. more than ever before. Merchants who didn't accept credit cards are now accepting mobile wallets. There will always be a class of people, mostly the older generation who will be wary of plastic money.

Using cash is not the parameter for the "backwardness" of people. That is just a stupid argument to even make. Some of the most mature economies, such as Germany, still primarily deals in cash and are wary of plastic money.

There are reasons beyond one's ignorance to equate usage of cash as backwardness and it frankly speaks of your lack of exposure and knowledge.

Frankly, what a dumb ass racist comment to make.

The transaction fees make plastic worthy of distrust. Like great, now they take 3-5% on everything, and most places don't bother with the decreased cash price so you're forced to use the card to get the rewards. And they bait people into jumping through hoops to maximize those rewards, like dealing with airplane loyalty programs. The card is still insecure af, so there has to be fraud protection too. What a waste of collective time and money.

So yeah, I've got plenty of cards, never go into debt. But I still use cash whenever there's a discount, and I prefer cash-only restaurants because they're usually better anyway.

 

[truthertech]

How can you purchase Netflix, HBO, Tivo, Xfinity Mobile, etc through Apple? Only Comcast has Apple Pay.

HBO, Tivo and Netflix through iTunes, App Store?
[doublepost=1566376417][/doublepost]

Everyone here does realize that the money to pay the 3% is coming from somewhere and everyone is paying for it in the form of higher prices. The credit card companies are not giving anything away to get you this "free" money. I am kind of baffled as to where the money comes from as my business takes cards and our average cost per swipe averages 1.75% (the vast majority are in the 1.7% to 1.8% range) and we have never paid higher than two percent with the exception of AMEX cards which we stopped accepting after I noticed one that topped 3.5%. The merchant solution is to raise prices to offset the fees. With something like Uber you are paying for the 3% with no way to know what the fare costs since it is dynamic. The 3% just becomes another part of the price calculation.
[doublepost=1566318714][/doublepost]
They most likely are not losing any money on the transaction. End users are being played by thinking they are getting 3% back when the reality is 3% is added to the calculated fare after all of the other dynamic pricing elements are combined.
[doublepost=1566318844][/doublepost]


I own a business that takes cards and everyone one of my customers pays for credit card swipe fees. It is built into the price they pay. No one is eating any of the cost of these benefits cards.

A lot of you folks are confused about who is paying for what. The merchant doesn't pay the cash back rebate. The merchant pays their standard processing fee. Rather, it is the bank that gives a rebate in order to make their card more attractive in a very competitive environment. So, in the case of Uber, they aren't paying you a 3% rebate, Goldman Sachs is. Thus, Uber isn't raising its prices 3% as you suggest because they aren't paying its

 

[brgjoe]

I'd be interested also if the Apple Card would offer 0% financing on Apple Products like iPhones, iPads, MacBooks, etc.

Probably something which might be included later.

 

[Abazigal]

HBO, Tivo and Netflix through iTunes, App Store?

Interestingly, this makes a very strong incentive to pay for everything via iTunes. Previously, one might still be indifferent between paying for their Netflix sub via iTunes or through the website directly since it costs me exactly the same. Now, I might be tempted to process everything through Apple for that 3% cashback, even though this results in a smaller cut for Netflix, and Apple still gets 12% cut (15-3).

 

[M.PaulCezanne]

Regarding TMobile, you must be referring to just websites and apps, as you can walk into a store in the US and use Apple Pay on their POS's, for your phone bill, hardware, whatever.

Yeah, not going to the store to pay my bill. Bit more convenient to autopay. Discounted too.

 

[Phone Junky]

Agreed, and I enjoy doing that with 0% interest and no risk.

Sure, I'll concede that in the 'gain' column, you get 1% to 3%, and I don't. But it's some twisted logic to claim I'm "throwing money away" when you have to spend $3k to get that in the first place. If we both spend $3k, you get $30 and I don't. But in the other column, those interest rates are looming.

There are are no "interest rates looming" if you pay off your balance every month. Use your card for necessary monthly expenditures that you would make anyway. Pay off off every month and earn a few bucks back with no effort.

I don't know where you're from (and it's a similar story the world over) but the facts in America are: the average credit card debt is over $5k and most people don't pay off in full each month. If you're in the minority that do, great - enjoy your 1% payout. But that just isn't how it works for most people.

What do "most people" have to do with you? If you're responsible enough to use a card wisely and pay it off every month, why would you care or even think about what most people do? If most people are irresponsible with their credit card use, that's going to stop YOU from the benefits of using one? That's some twisted logic.

And if you're happy to make illogical arguments to justify taking risks with your money and getting into debt, all because 1% cash back and titanium etching is such a big deal to you, go right ahead.

The only illogical argument is yours. Using a credit card for usual necessary expenditures and paying it off every month is no more going into debt than you paying for them right out of your bank account.

I don't care to "educate" anybody, but the facts are the facts. Americans - for example - now owe more than $1 trillion on credit cards alone.
Enjoy your $30!

And what exactly does any group of people's credit card debt have to do with you personally? I will enjoy my $30. You continue to live in your warped sense of fear based on what other people are doing.

 

[Robert.Walter]

I could see them (GS) looking back a year, maybe 2. But my late payment was 4 years ago. Since then I’ve bought and sold a house, established accounts with utility companies, rented an apartment, even applied for and received other credit cards (AMEX, Barclays, BOA). If I were turned down I seriously would have thought it would be due to having too much open credit if anything. But the reason they gave was “You have recently been past due.” I figured maybe I’ll get a high interest rate or lower limit. Nope. Nada...no card for you because you were late on a payment 4 years ago. I’m just not Apple material anymore I suppose.

Was it just a single payment? Or did you have a change in behavior in the last 4 years? Is there a bankruptcy in the last, say, 10 years?

 

[DF1892]

Anyone know how to get in contact with the Apple Card team? I work at BarkBox and would love to partner with Apple Card to offer % back.

 

[Rogifan]

My monthly iPhone Upgrade payment was just charged to my Apple Card. It shows a little 3% next to the amount so that confirms you get 3% cash back on those payments.

 

[victry1]

I don’t remember seeing anything about fraud protection. Did I miss it? Can any one tell me if they have that feature?

 

[SomeSoftwareGuy]

I hope they do some 0% APR deal on Macs. Gonna need a new one at some point.

Totally, if I could get zero % for X months for new Mac/Iwhatever purchases then I would be really compelled to get the card. Right now it would just be a novelty, but zero % for a new macbook pro......... hmmm....

 

[MacBird]

My monthly iPhone Upgrade payment was just charged to my Apple Card. It shows a little 3% next to the amount so that confirms you get 3% cash back on those payments.

Did you change the payment method on the Citizen One website to Apple Card? I did and am wondering if it was even necessary. I did receive the 3%, too.

 

[Rogifan]

Interestingly, this makes a very strong incentive to pay for everything via iTunes. Previously, one might still be indifferent between paying for their Netflix sub via iTunes or through the website directly since it costs me exactly the same. Now, I might be tempted to process everything through Apple for that 3% cashback, even though this results in a smaller cut for Netflix, and Apple still gets 12% cut (15-3).

How do you subscribe to Netflix via iTunes?

Did you change the payment method on the Citizen One website to Apple Card? I did and am wondering if it was even necessary. I did receive the 3%, too.

Yes I did. It previously was using my Capital One card. But my iTunes/App a Store payment method automatically changed to Apple Card once it was activated. I didn’t have to do anything.

 

[Abazigal]

How do you subscribe to Netflix via iTunes?

Download Netflix and subscribe to it?

Am I missing something? Have been this way since the day it became available in my country.

 

[Rogifan]

Download Netflix and subscribe to it?

View attachment 854027

Am I missing something? Have been this way since the day it became available in my country.

As far as I know Netflix doesn’t offer in-app subscription any more, at least not in the US.