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The photo/video store? I didn't think they were big enough.
Yes. It's got big rewards too. You get the sales tax free on all purchases from B&H. They advertise it as a way around sales tax, lol. Wonder if they found a legal loophole or if they're just eating the cost.
 
It's not only the credit risk. Merchants pay pay extra fees just from a customer using Amex, and the customer gets extra benefits from it too. Like, why? I'm glad people have been rejecting it so hard.
Then don't take Amex. Many merchants don't, especially outside the US.
 
Yes. It's got big rewards too. You get the sales tax free on all purchases from B&H. They advertise it as a way around sales tax, lol. Wonder if they found a legal loophole or if they're just eating the cost.
I doubt there's any loophole, I'm sure they're just eating the cost, which is pretty stiff in their home jurisdiction of NYC.
 
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The card looks cool but at the end of the day it is completely impractical. It's unusable for online purchases without an iPhone and gets you only 1% back without Apple Pay.

There are other options that don't have the drawback of requiring an iPhone and at the same time offer more cash back (2% on everything, regardless of whether Apple Pay is used). Citibank and Fidelity come to mind. Alliant CU has even better deal of 2.5% cash back on everything with the catch that you have to be a member.

This is another product that leaves me scratching my head on Apple's strategy. Apple is supposed to be in the business of luxury goods so why would their clientele care about things like credit card fees which they would never encounter if they always pay their balance in full? Why would they bother with all the limitations of the card when there are cards that don't have those limitations?

I do not plan to get one.
 
The card looks cool but at the end of the day it is completely impractical. It's unusable for online purchases without an iPhone and gets you only 1% back without Apple Pay.

There are other options that don't have the drawback of requiring an iPhone and at the same time offer more cash back (2% on everything, regardless of whether Apple Pay is used). Citibank and Fidelity come to mind. Alliant CU has even better deal of 2.5% cash back on everything with the catch that you have to be a member.

This is another product that leaves me scratching my head on Apple's strategy. Apple is supposed to be in the business of luxury goods so why would their clientele care about things like credit card fees which they would never encounter if they always pay their balance in full? Why would they bother with all the limitations of the card when there are cards that don't have those limitations?

I do not plan to get one.
As long as the reward for buying Apple products is more than what you get on other cards, people will want it only for that. It's irritating because you miss out on the deal if you don't feel like opening an entire credit card and using Apple Pay just for Apple products.
 
As long as the reward for buying Apple products is more than what you get on other cards, people will want it only for that. It's irritating because you miss out on the deal if you don't feel like opening an entire credit card and using Apple Pay just for Apple products.

If you have a 2% cash back card, you lose only 1%. If you buy an average of $2000 worth of goods from Apple, that's $20.00 to have yet another credit card. Is $20 a year that big of a deal to make it worth the hassle of having another credit card?
 
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Lol - so is having enough cards to worry about the 5/24
Churning is a good strategy to maximize reward when you are financially capable to pay off debt without interest. Wasting a free vacation to Europe over a low return Apple-branded card; sounds like a great idea.
 
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a very beautiful card, i do hope it will come to China very soon
[most of us might think that China is very much isolated and protective for its own bank & finance system; but so far as i remember China is the 3rd country to launch Apple Pay after US and UK]
 
I don't know how they have a case, they can always demand cash or the use of a house credit card. Fees are the price of not taking on credit risk.

Big retailers like Walmart and Home Depot can and usually have negotiated fee deals with Visa/MC and pay lower fees than their competition.

Apparently it was a price-fixing lawsuit, among other things. More info. (Though the Wikipedia article isn't 100% up to date; according to this, the settlement is back on.)
 
Churning is a good strategy to maximize reward when you are financially capable to pay off debt without interest. Wasting a free vacation to Europe over a low return Apple-branded card; sounds like a great idea.
How do you lose a trip to Europe by getting a 2% Apple card instead of a different rewards card for a one-off six month application slot? Very few people churn Chase cards in any case.

If you really are applying for so many Chase cards, be prepared to have them all closed out, regardless of 5/24.
 
I can’t believe people go nuts over a new credit card.

a white card with some company logos on it to be precise ... its so crazy i dont know to laugh or cry ... with the function your phone has already built into it!
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Bit much of invasion of privacy when one company has all your fingerprint, 3D face map, health, email history, internet usage, location tracking, spending, credit reports, etc. That's a lot to put in one basket if another iCloud security leak occurs.

tim apple, aka hollywood, aka privacy goes all in on YOUR data - and the isheep here cheers up!
its already insane mode at apple, what will come next?
 
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People getting excited about a card, when the world is pushing Phone transaction......Apple could probably get people excited about anything...

Ain't touching anything Goldman Sachs, no matter who endorse it.
 
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