Apple Card Now Provides 3% Daily Cash When Shopping at T-Mobile

[konqerror]

Can't wait for my bill to go up 3% to offset this. Might not being that T-mobile is probably big enough to absorb it but reward cards are the biggest scam out there. Ever since Sapphire cards were used everywhere, my local coffeehouse bumped up prices to cover the fees. Essentially, you're paying for your own rewards while the banks haul in the money from all the high fees passed onto the business who passes it down to the customer.

Your local coffeehouse is scamming you. The difference between the cost of a Sapphire (Visa Signature) card and a traditional card is 0.8%. So if they raised prices more than a cent per dollar, they're just making an excuse and lying to you.

(CPS/Restaurant) https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-interchange-reimbursement-fees.pdf

3% is much over the rate the bank gets, which is in the neighborhood of 1.5-2%. Then the bank still needs to pay for the cost of interest, billing and overhead, bad debt and a profit. At 3%, the merchant is chipping in their own money, and not much. My other card has a promotion of 10% off at Starbucks, for comparison.

Essentially, what you're saying then is that sales, discounts and coupons, are a scam because the price will go up to cover them.

 

[Somian]

So this 3% will keep improving, and in 3-4 years will be almost everywhere...and in 3-4 years you will get 5% in Apple Stores

And in 20 years, everything is 99% cashback but also 100x as expensive (or rather 200x, taking into account inflation).

 

[mattopotamus]

Pretty great they are increasing the locations. If it keeps up at this rate, it may be my daily card.

 

[alexandr]

I hope they keep adding more

i'm sure they're not stopping at uber, wallgreens and t-mobile...

 

[mattopotamus]

i'm sure they're not stopping at uber, wallgreens and t-mobile...

especially if they can provide metrics that once locations added the 3% their business increased.

 

[alexandr]

especially if they can provide metrics that once locations added the 3% their business increased.

totally. i became obsessed with using  pay since  dropped the card.

 

[Mansu944]

Now only if Apple would buy T-Mobile...

 

[blueracer]

firstly, why are people saying apple should through in apple care for free just because we have an apple card? thats a waste of money. you want "free" apple care plus? get on the iphone upgrade program. but apple care will never be free just because we have the card. thats just wishful thinking. it's nice we're now getting tmobile. i'm a tmobile costumer and according to them, the will add apple pay to their app and website which means when i pay my bill i'll get 3% each month! thanks apple and tmobile!
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Nope only in-store purchases.... I don't think they would ever do it for auto pay because they already provide a discount for having Auto pay.... It sounds like you get the 3% if you pay your bill in the store though.

they are going to add it to their app so 3% will be offered if paying one time payment towards your monthly bill. so we just gotta wait for tmobile to update their app and website.

 

[Alhagar]

The Verge says that eventually you will be able to get 3% back for auto pay but not yet https://www.theverge.com/2019/9/19/...ck-in-store-benefits-iphone-11-pro-max-launch

 

[supergt]

So, no 3% back when you set up TMO auto-pay with Apple Card?

Get the US Bank cash plus card. It gives you 5% on any mobile service (in store or online).

 

[konqerror]

firstly, why are people saying apple should through in apple care for free just because we have an apple card? thats a waste of money. you want "free" apple care plus? get on the iphone upgrade program. but apple care will never be free just because we have the card. thats just wishful thinking.

The reason is that many credit cards already offer extended warranty protection, similar to AppleCare, as part of their benefits. If you buy an iPhone on many American Express cards, for example, American Express will cover you for a second year of warranty out of their own pocket. Many cards also offer accidental breakage protection as well.

The original reason behind these benefits is that in some countries, like the UK, the law requires that items purchased under installment loans (hire purchase) be warranted against defects until it is fully paid off. Credit card companies added their own version of these benefits to compete against these loans. However, it also attracts customers to the card for large purchases, like appliances and phones, for a benefit that few people actually end up using.

 

[Kmart9419]

So, no 3% back when you set up TMO auto-pay with Apple Card?

Probably not, requires apple pay. Using the card numbers won't qualify.

 

[blueracer]

The reason is that many credit cards already offer extended warranty protection, similar to AppleCare, as part of their benefits. If you buy an iPhone on many American Express cards, for example, American Express will cover you for a second year of warranty out of their own pocket. Many cards also offer accidental breakage protection as well.

The original reason behind these benefits is that in some countries, like the UK, the law requires that items purchased under installment loans (hire purchase) be warranted against defects until it is fully paid off. Credit card companies added their own version of these benefits to compete against these loans. However, it also attracts customers to the card for large purchases, like appliances and phones, for a benefit that few people actually end up using.

yes i'm aware that other cards offer an extended warranty for products. but this is apple, why would they throw in a free extended warranty on any of their products bought with the card? they already offer free apple care + with the iphone upgrade program. It wouldn't be a smart decision financially to start throwing in free extended warranty on any product bought with the card.

is it possible that they do this later in the future, sure it's possible. But i dont think they would.

the barclay card they had at one point, what did that offer?

 

[konqerror]

they already offer free apple care + with the iphone upgrade program.

It's not free. It's full price. iPhone Upgrade program is basically you buy our high-margin AppleCare+ and we'll let you trade the phone in after a year.

why would they throw in a free extended warranty on any of their products bought with the card?

So the card remains competitive with other products on the market. Why does Apple offer cash back? Why doesn't Apple charge a $450 annual fee? Competition.

 

[bigjnyc]

yes i'm aware that other cards offer an extended warranty for products. but this is apple, why would they throw in a free extended warranty on any of their products bought with the card? they already offer free apple care + with the iphone upgrade program. It wouldn't be a smart decision financially to start throwing in free extended warranty on any product bought with the card.

is it possible that they do this later in the future, sure it's possible. But i dont think they would.

the barclay card they had at one point, what did that offer?

applecare+ is free with the IUP program? I thought it was baked in to the monthly price?