Apple Card to Lose Magnetic Stripe By 2029

[coredev]

Meanwhile, my Visa debit card still has raised lettering.

Good one. I bet most people nowadays don't even know what that was for

 

[N1noodle]

Kind of bad ish , chip reading fails at least every 5-7 time i use it and have to use the magnetic strip and no its not my card because next time it works in the same card terminal

Or force me to use apple pay with my watch or phone instead that i always forgett i have can use in most larger stores

But its not a huge deal whatever comes.

 

[AppleTLDR]

I think overall it’s a positive, especially for security. The only potential downside is when using the card for travelling. Some countries and particularly poorer countries will take a really long time to get up to date.

In Thailand for example using a card is discouraged save for in large malls and supermarkets. If you try to use your card at smaller stores you’ll often be asked to use cash due to a reluctance to incur card fees. I can’t see them updating their terminals any time soon.

 

[adamjackson]

2029? I haven't used a 'stripe' in over a year.

 

[SactoGuy18]

Interestingly, The ARCO am/pm stations in Sacramento, CA have all switched to new card readers that use chip reading instead of stripe reading.

 

[tmmacops]

2029?! Strips are horrible. The bank I use have terrible strips and don't last at all. Get rid of them, and force retailers to use better chip/contactless readers.

 

[alexandr]

I can’t even imagine taking a physical “card” out to buy something….

what if you try really hard?

 

[Prof.]

I was just thinking about this the other day when I was at Portillo's. The cashier swiped my card 'the old fashioned way' and got me thinking: when are we ever going to get rid of the mag stripe?

My go-to is always going to be Pay via my Watch, followed by chip and then tapping my card to the wireless reader. Hate swiping.

 

[anshuvorty]

End of an era...about damn time IMHO...

 

[alexandr]

Oh yes. VERY common at gas stations. It's very uncommon for me to use contactless at the pump.

i'd do it more, but it hardly ever works!

 

[thejadedmonkey]

The decision comes as consumers have changed their payment habits to prefer newer, more secure technologies.

No, sorry. I still prefer the magnetic strip, it's far faster and easier. Swipe and that's it. With the chip, I need to insert, wait, wait to prompt to remove it. It's literally 3x the mental effort as a magnetic strip.

Since I'm not liable for charges that I don't authorize, security really doesn't matter to me (as a consumer). I use a chip because that's all that's offered to me - unless my chip fails 3x in a row, then I get to use the sweet sweet magnet.

Just sayin'.

 

[alexandr]

I honestly never use the magnetic stripe unless its a small mom and pop shop. Trivial to me. May stress out those small local stores though.

they'll just have to splurge on a contactless reader...

 

[fwmireault]

I hope that by this time Apple Card will not be US exclusive anymore

 

[alexandr]

Very few places. Most will take chip or tap. But there is a very small one off chance you may still have to swipe. Usually some vending machine or parking machine.

i don't understand why people keep saying this. nyc is full of places that still swipe your card. not saying it's a good thing, but it is a thing.

 

[Fried_Gold]

I'm in my 30s and have never used the magnetic strip when using my cards...

 

[alexandr]

I hope that by this time Apple Card will not be US exclusive anymore

i think that's coming in 2037

 

[nutmac]

Apple should add NFC onto Apple Card, so that it can be used with contactless payment readers (and hopefully also get Apple Pay bonus). As it stands, I see no reason to carry the physical Apple Card and get only 1% cash back.

 

[fischersd]

Here's a thought - get rid of the damn card altogether!!! Digital - on our phones / watches only!!

We really need the banks to get their head out of their a*s - contactless everywhere already!!!

 

[alexandr]

Apple should add NFC onto Apple Card, so that it can be used with contactless payment readers (and hopefully also get Apple Pay bonus). As it stands, I see no reason to carry the physical Apple Card and get only 1% cash back.

i was very surprised that they didn't.

 

[yabeweb]

I am surprised physical CC will be still a thing in 2029....

 

[apparatchik]

I think overall it’s a positive, especially for security. The only potential downside is when using the card for travelling. Some countries and particularly poorer countries will take a really long time to get up to date.

In Thailand for example using a card is discouraged save for in large malls and supermarkets. If you try to use your card at smaller stores you’ll often be asked to use cash due to a reluctance to incur card fees. I can’t see them updating their terminals any time soon.

Don't know about Thailand, but in Mexico, stripe/swipe is not even possible anymore with Mexican issued cards, chip & pin (and now slowly, contactless) is the norm. The cards do come with a stripe but if you try to pay by swipe it doesn't work, they've been effectively disabled, payments have required chip & pin since at least 10 years I think.

There's been a revolution as well in LATAM's largest countries with electronic payments, services similar to Zettle & Stripe (Mercado Pago et al) have allowed even street stands to accept card payment.

 

[alexandr]

Here's a thought - get rid of the damn card altogether!!! Digital - on our phones / watches only!!

We really need the banks to get their head out of their a*s - contactless everywhere already!!!

great idea, but businesses have to get on board — banks alone can't do this.

 

[TheYayAreaLiving 🎗️]

Should have done that long time ago. I use my chip at all times. Tired of swiping my card haha

 

[Shanghaichica]

Oh yes. VERY common at gas stations. It's very uncommon for me to use contactless at the pump.

Haven’t used a card like that in the U.K. in like 15 years.

 

[CalMin]

It's getting to the point where when I have to take out the physical card, it feels clunky and inconvenient. Time to eliminate the card altogether. Apple Pay has been demonstrated to be secure and reliable enough for most transactions.