that's how it's worked in the past... like when they had bonus cash back deals around the holidays... you'd get your regular bonuses plus the additional special bonuses... so that's pretty cool! would work at macy*s.... (not amazon since those aren't made in store) not sure what other stores have apple pay??? kohls maybe?
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Discover Rolls Out Apple Pay Support for iOS 9, Offers 10% Cashback Bonus for Apple Pay Purchases
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that's how it's worked in the past... like when they had bonus cash back deals around the holidays... you'd get your regular bonuses plus the additional special bonuses... so that's pretty cool! would work at macy*s.... (not amazon since those aren't made in store) not sure what other stores have apple pay??? kohls maybe?
I'm afraid to answer that question. Any spending I can possibly charge to Discover goes there, including car insurance, home insurance, cable bill, phone bills, groceries, etc. We have a baby on the way and between Whole Foods and BJs plan to stock up on a ton of diapers, etc. This offer is going to save us a ton of money.
Apple Pay is rolling out worldwide, which is why I used the world figures. However, the Apple cut is still more than US fraud rates.
Not to mention that the US is moving to chip, which should drop card present fraud rates even more.
Doesn't matter. The claim was that Apple Pay was more convenient and did not add extra cost for the banks. That's not true.
Btw, those are not one-time costs, as anyone in IT knows. Servers costs plenty of money to maintain.
As a side note, for issuers who rely on networks to handle tokenization, those related costs add up too. For example, Mastercard gets:
- 50 cents to create a token
- + 10 cents per token per month to keep it "alive"
- + 2.5 cents per token/detokenization
If I had to guess, I'd say that Apple had to add either the Discover payment Java applet to the iPhone's and Watch's Secure Elements... or support for it, or both... via an OS update.
Remember, Apple doesn't do any payment processing itself for NFC. That's all done by each credit network's proprietary applet in the secure element, which are the only pieces of software allowed to talk to the merchant terminal.
(The secure element has a processor, that when activated by the NFC radio, looks at the transaction and picks the correct stored payment applet ... e.g. MC / Visa / AMEX / Discover... to hook to the radio.)
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A bummer about the in store requirement. It would have been sweet to shop at Apple store app using Discover and get the 10 percent.
If only my grocery store would accept Apple Pay, I'd get my $10,000 before the year was up. Give that place way too much money.
The in-store requirement is a huge downer for me. I was planning on getting a fridge from Best Buy and using Discover Apple Pay for that to get 10% cash back. But because Best Buy only supports Apple Pay in app, and Discover doesn't allow it, I guess that won't be happening.
(PS, I am moving in the next month and I need a fridge before doing that. I would totally wait for Best Buy to activate NFC in its stores again if I didn't want my food to spoil at my new place!)
I think it's October. I work at an OfficeMax. Last October they came in and put in new terminals but the chip reader didn't yet work. One person was able to use Apple Pay. That store closed in January and at the store I'm at now people can pay with Apple Pay all day long. But the chip reader still doesn't work. Only last month did the card reader at Target finally tell me that I can't swipe my card, that I HAVE TO use the chip reader.
Actually, for the US in 2013:
7.1/4077 = 0.17% > 0.15%, thus Apple Pay still saves the banks money. The situation is, of course, different elsewhere. Plus chip isn't going to happen on a widespread basis for a while even with the liability shift; tons of merchants are either extremely behind in migrating or simply aren't bothering.
You won't get your double cashback, I am afraid. That promo for existing customers was over two months back. For those who convert now, double cashback is not available; only the new accounts are eligible.
I added it on my phone but kept getting errors saying "Could not add card". So I kept persisting and it finally went through. Now I'm having the same issue on my watch. Anyone else in the same boat?
I'm disappointed that the design of my actual Discover card doesn't show up in the Wallet app. It shows a generic silver It card, instead of my Chicago Blackhawks-branded card.
I'm sure glad that I waited one day. Sounds like Best Buy will be accepting Apple Pay soon!The in-store requirement is a huge downer for me. I was planning on getting a fridge from Best Buy and using Discover Apple Pay for that to get 10% cash back. But because Best Buy only supports Apple Pay in app, and Discover doesn't allow it, I guess that won't be happening.
IMO, this is a pretty brilliant way to help do that.
Before, if a store didn't take ApplePay, it was no big deal... you swipe, and you're done. Probably not worth complaining about.
But now that folks are not getting 10% cash back when they have to swipe, ... I think a lot of them are going find that worthy of complaining about.
I woke up to my Discover being automatically deleted from Apple Pay. Oh well. I guess I will add it back again?
One thing I prefer about my Amex is that they send you notifications for EVERY transaction. That is so convenient, especially when picking up family who are shopping, you know when to expect them to leave the store, etc.
Discover I tested yesterday and it only sends you a notification for an Apple Pay transaction.
One thing I prefer about my Amex is that they send you notifications for EVERY transaction. That is so convenient, especially when picking up family who are shopping, you know when to expect them to leave the store, etc.
Discover I tested yesterday and it only sends you a notification for an Apple Pay transaction.
Answering my own question: you can't add Discover card to Apple watch unless watchOS 2 is installed even with iOS 9 on iPhone 5s. Apple Store people told me they were expecting watchOS 2 on Friday.
cashback is money that goes back into your credit card account, which you can redeem as a statement credit. 10% off is simply 10% off, buy a $100 item with 10% off is $90+tax, but this is not the case with this offer.