Because that is part of Terms and conditions. The card only remains active with an “eligible device” (be it iPhone, iPad, or Apple Watch, and not jailbroken).
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Card Offers Benefits From Mastercard, Base APR Lowered to 12.99%
- Thread starter MacRumors
- Start date
- Sort by reaction score
Your credit report is only affected if you cancel a card or start using a new one. Same goes for all credit cards. If you don't want your credit to be affected, just stop using the Apple Card. You can even destroy it if that makes you feel safer. Does anyone know the best way to destroy titanium?
Even though being told several times, I still scratch my head wondering why the most powerful country in the world cannot push contactless payment into nation-wide adaptation like Australia, for example. Maybe America has its own hurdles stopping this push from happening.
Thanks for heads up.
There's a lot of legacy infrastructure in the U.S. and also lots of bank lobbyists and money to be made by not upgrading systems. Similar to the broadband issues in the U.S.
I don't quite understand why someone would want or need two Apple ID's. I have had the same Apple ID since Prodigy and AOL were created.. sometime in the late '80's??(maybe in the early '90's) - way before that me.com or iCloud.com stuff... I guess I missed the two-AppleID-boat on that one.
The card requires the latest version to start using because it's a new feature/app/platform. It cannot and should not support older iOS. Otherwise it would not be as secure and would not support some standout features. That being said, you don't need to continually update your iOS to make transactions just like you don't need to continually update your phone to play older games and browse the web.
Contactless was an answer to the poor user experience of EMV. EMV was designed because European government telelphone monopolies charged a lot for phone calls, so merchants wanted to verify cards offline. France also was home to a number of smartcard vendors, so it was government stimulus. The poor user experience is a lot due to the offline features.
US got deregulated telecom 10-15 years before Europe did, so our phone calls were much cheaper. Verifying cards online is safer and allows much more advanced fraud detection methods than offline. Then everybody switched to Internet transport, and offline use didn't matter anymore.
Long story short, EMV was an expensive solution to a problem that only Europe had. Then they tried to shoehorn it into a different problem it solves poorly, skimming/duplicate fraud. And by the time that happened, e-commerce was such a big thing that it doesn't reduce fraud, just shifts it.
EMV also ran into a US issue with Dodd-Frank act which requires debit cards to be able to be routed to independent networks, which was passed not long before the transition. The Europeans never anticipated this, and it resulted in a big kludge to get around.
Last edited:
I think a significant part of it is that we tried contactless cards once and they failed here. I don't blame banks trying to avoid having to roll those out again if at all possible.
APR shouldn't matter - pay your balance in full. On any reward card - if you are paying interest, you are eating into any rewards you have earned, and thus reducing the overall value of the card.
Any rewards earned from the Apple cards tiered reward system can easily be negated by repeatedly carrying a balance. It's why i'm a fan of their "wheel" that shows how your payment impacts interest payments and thus your net "cash back".
Last edited:
The logo is still there on the back. Multiple Visa and Mastercard lines have had it on the back for years, see Chase Sapphire and Citi cards.
Last edited:
First the US doesn't provide proper consumer protection laws but they say it's ok because credit cards cover it. Then the credit cards take away the coverage.
Apple says they provide optional coverage themselves. Then they increase the repair costs to the level of buying a new item and sue 3rd party repairers so it becomes less optional.
There's only so much Tim can raise Apple average prices for the hardware itself, then it has to come from services.
What country offers price protection as a consumer right? Accidental breakage and theft insurance?
Fine Europe has 2 year warranties on electronics. Look how much more they pay for their goods. No free lunch. You're paying for the warranty as is.
The accidental and theft insurance is separate but the cost of that is a fraction of AppleCare.
I don’t know what this part of “routed to independent networks” mean and why they have this in the first place. But thanks for the info.
I don’t know what this part of “routed to independent networks” mean and why they have this in the first place. But thanks for the info.
It means by law a Visa debit card has to be able to be also processed by at least one other competing network like Mastercard (Cirrus) or Discover (Pulse). The merchant's card provider chooses which one, based on cost, and they do so by looking at the number.
It was done because Visa and Mastercard were paying banks huge rebates to be the exclusive debit network then raising the fees charged to merchants. This was a method to ensure lower prices by competition.
The problem is the first step of EMV is to choose which network you want to use and that's not known until it reaches the merchant's provider. And there's a large number of smaller debit networks (STAR, NYCE, etc). They had to invent a new way, the US Common Debit AID, to handle this.
I am confused here. I also have two different Apple ID’s from way back when before iCloud. It has always been a problem for me when they ask for my Apple ID cuz I don’t know which one they mean. One is used for iTunes, Apple Music and Apple store app and the other is my iCloud ID for all thing iCloud. Which ID am I supposed to use for the Apple Card? And what are the pros and cons of each? What a bummer!
Pay off your balance every month and the card's APR will not matter .
.
at least this is a nice thread with good financial information. many reasons for NOT using an apple card.
what has that disgusting company become ...
[doublepost=1565155999][/doublepost]
makes sense to sleep under a roof you know, if you dont support it every month it will colapse on your head! thanks for your professional financial advise!
what has that disgusting company become ...
[doublepost=1565155999][/doublepost]
Pay off your balance every month and the card's APR will not matter
makes sense to sleep under a roof you know, if you dont support it every month it will colapse on your head! thanks for your professional financial advise!
Can’t agree.
MC didn’t unilaterally pull it.
Card supplementals are a la carte choices made by the issuing bank (GS) and the cobrand (Apple).
Last edited:
Credit card interest rates ( APR ) aren’t linked to bank interest rates. Almost all credit cards have high interest rates, including those in Europe. No one should be surprised at this.