Nobody knows yet, I have a credit card with my bank and I can put money on it, it might be the same, can't see why not.all i asked is if it's possible to put cash on it, thats all, doesnt matter if or why
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Apple Card Launching in August
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I am guessing by eliminating all the fees they don't have a way recoup their investment but yes a 5% for Apple purchases would have put this card in the must column
California is 7 hours into August and still no card.
Should we riot?
Should we riot?
horrible analogy.... Can you pay for burgers and fries with Lumber?
you can pay for computers and phones with credit cards.... so Apple will make the retail markup on the sale, and on top of that they will make the interest generated from the credit card on the sale. $$$$
The financial white-knighting Dave Ramsey apostles are getting very tiresome.
At least five others in this thread have expressed the same sentiment prior to you. Redundant and unoriginal.
New rule: Anyone coming in here to bash credit cards has to tell us their net-worth.
You are forgetting to correctly use credit cards you should not be going in debt with them. The correct use is honestly something you pay off in full every month.
I have had my primary card for over 9 years now. Almost all my expenses go on that card every month. I have paid exactly $0.00 in interested on that card while collecting at this point $500-$1000 a year back on it in cash back for expenses I already am going to pay. It is hard to turn that down. I honestly have clue what the interested rate is on the card as I don't care because I will NEVER pay it.
For me what I see about the Apple card is no fees. 3% cash back on apple and security. Plus a cool metal card.
Now far to many people do not follow good pratice with paying this months expenses with this months money. Instead of paying it with last months money. They are living pay check to pay check with no efund.
I use credit cards to help track expenses and to manage cash flow. I know when it will hit my account so if I have some large purchases that month I have time to move money from my savings to my checking to pay for it.
You can preload the card with as much money as you want. You can be sure neither Apple nor GS will object to that. But that would make it, quite literally, the opposite of a credit card. You would be spending your money in advance of actually buying anything. Apple and GS would then earn interest on the money that you've handed over to them but that they didn't ask for.all i asked is if it's possible to put cash on it, thats all, doesnt matter if or why
The only reason to do this that I can think of is to be seen waving around an Apple branded credit card. It makes no sense otherwise.
Financially, you should be putting the money in a savings or other interest earning account and only giving it to Apple when they ask for it.
Given a choice between legal protection and the arbitrary charity of a bank, I know which I'd prefer to rely on.
No, they have a LOT of issues, someone can literally drain their account and leave them broke while they fight with their bank. It’s on the news and in financial forums everyday. It’s the single dumbest thing you can do. If you have no credit and no alternative then get a pre-paid VISA card for purchases.
Never, not ever, should you make purchases with a debit card.
ok thankyou, hopefully we'll be able to put cash on it
Seriously? NO, it’s a CREDIT card you can’t “put cash on it”, or on any other CREDIT card.
Ok so i'm loving the trolls in this thread. like, we get it, you're going to apply to the card but you're not wanting to admit it. we. get. it. lol
anyway, as EVERYONE has already stated many times since page 1, yes, there are many gosh darn credit cards out there that do SO MUCH MORE.
But that isn't why some of us are applying for the apple card. Most of us really do think the benefits are sufficient enough to warrant the application. The fact that your apple subscription is eligible for the cash back means most of those who pay for storage, or news subcriptions or the apple tv subcription will get 3% back each month. thats a great perk. and face it, while i know there are places that dont accept apple pay in stores, guess what, thats really mostly at the small mom and pop stores, some old bodegas, etc. We mostly buy at stores that do, especially if you live in big cities. Here in nyc, a great majority of stores accepts it. Heck, Coco bubble tea across the street from my job that i frequent accepts it.
if your a mac user, which most of us are, can use apple pay on online orders. bestbuy accepts it, as do other online retailers, so thats a nice 2% reward that same day. yes, other cards give you more. but if we cared about them, we'd have them. the fact that this is within the apple ecosystem is what makes me want to apply. it's simple and it's actually a great starter card for teens entering college for the first time. no late fees, just pay the balance off or even still, even if you dont, you just pay what you can. of course not everyone will be able to pay it off each month, but realistically, thats a lot of people. and having a small balance at the end of each month is fine. people make it sound like your not supposed to because your hit with the interest rate, while true, having a small balance each month carry over isn't going to affect your credit score. if it did, i'd be in the low 200's, yet my current score is over 800.
in the end, this card is good for a lot of reasons for a lot of people. i for one will apply for it and will gladly be using it here and whenever i go abroad, which is japan in february!
anyway, as EVERYONE has already stated many times since page 1, yes, there are many gosh darn credit cards out there that do SO MUCH MORE.
But that isn't why some of us are applying for the apple card. Most of us really do think the benefits are sufficient enough to warrant the application. The fact that your apple subscription is eligible for the cash back means most of those who pay for storage, or news subcriptions or the apple tv subcription will get 3% back each month. thats a great perk. and face it, while i know there are places that dont accept apple pay in stores, guess what, thats really mostly at the small mom and pop stores, some old bodegas, etc. We mostly buy at stores that do, especially if you live in big cities. Here in nyc, a great majority of stores accepts it. Heck, Coco bubble tea across the street from my job that i frequent accepts it.
if your a mac user, which most of us are, can use apple pay on online orders. bestbuy accepts it, as do other online retailers, so thats a nice 2% reward that same day. yes, other cards give you more. but if we cared about them, we'd have them. the fact that this is within the apple ecosystem is what makes me want to apply. it's simple and it's actually a great starter card for teens entering college for the first time. no late fees, just pay the balance off or even still, even if you dont, you just pay what you can. of course not everyone will be able to pay it off each month, but realistically, thats a lot of people. and having a small balance at the end of each month is fine. people make it sound like your not supposed to because your hit with the interest rate, while true, having a small balance each month carry over isn't going to affect your credit score. if it did, i'd be in the low 200's, yet my current score is over 800.
in the end, this card is good for a lot of reasons for a lot of people. i for one will apply for it and will gladly be using it here and whenever i go abroad, which is japan in february!
so you can put cash onto the card and then use that cash to spend with the card, thats good news for me if true, thankyou
When I switched banks I specifically asked if I would be able to get an ATM card that was *NOT* a debit card. My old credit union started that nonsense where their ATM card was a debit card as well. No thank you.
No, that’s not true. A credit card company will generally not allow you to pay more than owed. There are banking regulation that prohibit positive balances on a credit product as the balance would not be FDIC insured.
Most banks offer zero liability already.
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Exactly this. The only card you can put cash on would be a debit card.
These people obviously don’t understand the benefits of using credit wisely (or that it can be used wisely)and automatically assume that people are buying things they can’t afford and are making payments on it. These people need to stay quiet for sure.
If you run a debit card as credit card you get all the same protections as you would if your card was a credit card. If you have a good bank they will generally just give you the money back in the event of fraud or flag it at the time of purchase.
Not sure you’ve done a survey of “most banks”, but in any case “fraud” is only one issue of the risk of debit cards which also have none of the protection for non-fraudulent purchases.
Let’s say you go to a fast-food restaurant and buy lunch with your debit card for $6.59. Problem is, the cashier is stoned and rings your card through for $6,590! You decline a receipt, so you never notice the mistake until you use your debit card again and it’s declined. You get home to check with your bank and see the problem. Obviously, the merchant will probably return your money (hopefully with a forceful apology), but returning your money to your account will take several days or even week. In the meantime, you need to get your bank to reverse any overdraft fees.
If this same thing happened with a credit card, you wouldn’t owe the card company a penny until the problem was solved.
If there’s a dispute regarding a purchase you make, you’re in a weaker position when you use a debit card. The merchant already has your money when you pay with a debit card. So while the dispute is taking place, your money will remain with the merchant and you’ll only see that money again if you win the dispute.
Meh, sounds cool but my BoA cash back and Amazon card keep me quite happy.