I’ll second that. The Citi Double Cash card is my favorite all-purpose card. The Costco card is pretty sweet as well if you have a membership. They’re both Citi so you can manage them on the same website.
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Apple Teaming Up With Goldman Sachs for Apple Pay-Branded Credit Card
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Beginning of Apple Pay: You don't need to carry your credit cards with you. Just the phone!
Apple Pay Today: Get Apple Pay Credit Card!
Apple Pay Today: Get Apple Pay Credit Card!
What are you smoking? $95 annual fee to save 25% off ($250) a $1,000 iPhone X, or 25% off ($700) a $2,800 15" MBP, or 25% off ($1,250) off a $5,000 iMac Pro, etc.... Apple would be losing money.
I specifically like the Costco Card. I just bought appliances from Costco. Costco provides warranty for the appliances for 2 years. If you buy the appliances using Citi Costco card, then Citi adds 2 more years of warranty. That makes it to 4 years of warranty on the appliances. Other big box stores will ask you to pay $100+ dollars for 5 years warranty. I think it's a huge plus for Costco Card.
This could be compelling, but they're certainly playing catch-up. I think they will have to offer some nice benefits, like AppleCare or iCloud/Music discounts, to gain significant market share. Speaking of Goldman, has anyone here used Marcus? I've already been considering it for their savings/CD rates, which seem very competitive.
I’ve had it set up for a while and almost never use it. I really don’t see much benefit. It’s no quicker than using a credit card, but the primary reason I don’t use it (and this isn’t Apple’s fault) is the lack of universal availability. I never know if a merchant supports it and I’m not going to ask every time, so I just use my credit card.
While I appreciate the enhanced security offered by ApplePay, I don’t really care. I pretty much have at least one credit card compromised every year. I’ve never been held responsible for any charges and my bank sends me a new one right away.
I just don’t really see the benefit of using ApplePay and it’s pretty clear from the survey you posted that most people feel the same way. I wish Apple was more focused on its hardware and sloppy, messy operating systems these days than constantly trying to find new ways to nickel and dime customers.
At this point, I don't know what type of company Apple is? Tech? Fashion? Credit card?
The only advantage to the Barclay card is the ability to finance purchases at 0%. If you’re paying your card off each month, I totally agree with you.
Same here just got my card APR dropped an limit increased and was set to get iMac Pro..
Now what too do....
They are a big bloated behemoth that has lost its focus and it’s starting to show.
I think those of us with a Barclay card only use it for Apple-related purchases. Perhaps due to the high APR, having other cards, or other reasons. But I think akin to it, the Apple Pay card will enter such use as well (or maybe wider use for those unfamiliar with Barclay). Ultimately, even with only that small percentage of use, it would result in nice earnings and Apple Pay awareness / penetration.
They really should make it a metal card, for brand representation, and customer experience reasons.
Also, they should be going with JP Morgan, but that's just personal preference. *sighs*
They really should make it a metal card, for brand representation, and customer experience reasons.
Also, they should be going with JP Morgan, but that's just personal preference. *sighs*
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It came out in Fall 2015 for Amex, and in May 2016 expanded to all the major banks and credit cards IIRC. The $100 limit is not an ApplePay limit, but a tap-to-pay limit, which can vary with different retailers. I’m pretty sure at Costco it’s $200.
only $999 annual fee. %1 cashback limited to the first $1500 spent and users get upgraded from 5GB of free icloud storage to 10GB.
in a typical Apple fashion
in a typical Apple fashion
Well, I think it may be short sighted. Let me take a shot at what could be happening. As you will notice a lot of people have noticed their APR is astronomical. Apple could be breaking ties with Barf-lay because of this fact. I know I like to use branded products of things that I like... right now i'm big on SPG points (quickly loosing interest as they screw with the rewards though)... but anywho.
Goldman Sachs also has a branding problem right now. They are seen as the insiders, the ones that control everything. What if they are doing a big privacy push demanding all companies comply.. think this... Apple HUGE on.. your data is your data we use as little as possible. Delete what we can, you know the deal... the whole reason we love them in the first place. Goldman Sachs (GS) says hey we support your strick privacy policies accross all business lines - this isn't bad for business and smart people know that.
Another option: is now GS says hey partner with us and we will drop that APR significantly, relax the lending guidelines (they have access to cash, outside of Apple's researves, another smart move) - I was quite surprised by my credit line (with Barclays) when I looked at it. Mind you, it could handle any purchase needed and then some, but still I could use it for purchases elsewhere not just at Apple; and I don't know if you have a Lowes by you but I can drop 10k in less than an hour; then of course every 1.99 purchase at the corner store; and every transaction in between -- thats the market they really want to tap into… and honestly I love it:
(1) cut for Apple Pay (deserved and part of the current pricing structure),
(2) then another cut for owning (branding) the "cash" product aka credit (although more appropriately put, unsecured credit) which is also already in the current credit card processing pricing scheme. Just an FYI, it may have lead to why the big push for you to use your debit cards as "credit" a few years ago and not to use the PIN transactions, the banks wanted a bigger cut from the merchants.
So now think this, low APR GS Apple Pay Card, all you have to do is use apple pay to use it (limits charge backs due to it being linked to your PHONE that using your face/finger to authenticate... boom... warrants less of an APR... still allows for the profits of a "traditional credit card" although doesn't cut out all chargebacks it does help...... there are more but I feel I may be loosing most people.
HOPEFULLY this is not wishful thinking… and of course this is my opinion and from my point of view.
PS... Apple, I am looking for a job if you might want to listen to my thoughts in a few other industries.
LOL
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People actually get a barclays card for apple? It's garbage. Most my spending is with chase cards for UR points. Freedom for example has paypal this quarter which apple takes for 5%. Amex gets rest especially hilton.
For an apple pay card, and i'm assuming using apple pay maxes benefits, it'd have to be 3% at least to make the hassle with apple pay worth it. Too many others at 1.5 or 2 to have to fool with apple pay. And yep, apple pay is still a hassle to use at many places.
For an apple pay card, and i'm assuming using apple pay maxes benefits, it'd have to be 3% at least to make the hassle with apple pay worth it. Too many others at 1.5 or 2 to have to fool with apple pay. And yep, apple pay is still a hassle to use at many places.
in canada, the best credit card for me is the MBNA world elite...2% cash back on all purchases, $89 annual fee
I can't imagine apple beating that.
I can't imagine apple beating that.
Probably a mixture of at least two of those: Tech & Fashion. as Visa as already beat Apple to the punch with CC... Apple's just trying to get their hands in.
It’s a company copying Samsung, in the words of members on here, they are throwing everything at the wall hoping something will stick..
That’s my problem with the Barclay card. I’ve used it to finance purchases at 0%, but otherwise I don’t use it and have no interest in Apple Store or iTunes gift card rewards.
My everyday card is Bank of America’s Travel Rewards card. You get 1.5 points per dollar spent. If you have more assets with BofA, like I do, they bump you up. I get 2.6 points per dollar on everything. I can use these points to remove travel-related expenses from my statement. They are also quite liberal in terms of what qualifies. For example, I can use points to remove my annual ski season passes.
And it doesn't have to make a whole lot of cash - just gets thrown into Apple Services pot - and will attract the entire Apple ecosystem to sign on.