I didn't want to pay $90 a year to NOT use a card is why. I will eventually get back my lost points. So no biggie and I don't lose $90!
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.
Goldman Sachs CEO Calls Apple Card the 'Most Successful Credit Card Launch Ever'
- Thread starter MacRumors
- Start date
- Sort by reaction score
Apple/GS apparently said they were not reporting because they didn't have the capability ready yet. When it was up and running, they would back-report everything from day 1.
When I paid for something at the Apple store a week ago, I was shocked that I could not pay with Apple Pay, not could I hand him the physical card. He had to manually enter the info, which I had to get from the wallet app. How on earth does Apple convince others stores to accept Apple Pay if they themselves aren’t taking it? (And I could not understand his brief explanation why not).
You should have determined the reason because Apple Stores most definitely accept Apple Pay. Your sales rep or store had some kind of technical fault.
They would never accept keyed-in credit cards normally because that's a huge fraud risk, especially for the expensive goods Apple sells.
If they have nothing to hide, they would publish the actual figures to support positive news. If Apple stated their stock rose and broke record high, I would like to see the price at the close of the market. How it is reported and one perceive is a slippery slope and very fine line. Numbers are more clear cut as opposed to wordings.
There is one source that has been a part of a majority of card rollouts, MasterCard. They know how it compares.
This is why I plan on signing up for Card and then moving as many external subscriptions into the App Store as possible.
There are a number of possible reasons that a company might choose not to publish actual hard numbers. Of all of those possible reasons.. one is that they have “something to hide.” I personally choose not to default to that reason. I personally would prefer to see some evidence to that effect, prior to making such a negative conclusion.
They want to hide their performance from competitors. For example, if competitors think the Apple card is doing worse than it actually is, they won't move to match its features, allowing GS to rake in more customers.
By not providing firm data, competitors have to assume, making them a more difficult target. This is an inherent disadvantage to public companies, especially where they compete against private ones or those operating in countries with weaker disclosure standards.
And because that data is proprietary and MasterCard needs to remain neutral with regards to all of the banks that use it, they won't disclose that. (Besides, it's Visa. MasterCard only has ~20% credit market share in the US, compared to Visa's 50%. MasterCard has the same share as American Express.)
IMO, the rewards offered and/or low APR rates will entice people to choose the credit card. I agree that MC will need to remain neutral, however, the CC marketing department will use claims in hoping people will join the “bandwagon”. The bottom line is each individual should apply if the card will benefit them such as APR for those who don’t pay off balance in full or rewards offered that is worthwhile and beneficial.
Dude, anywhere they accept contactless payments, you can get 2%. It's a no brainer.
[automerge]1571170732[/automerge]
Mine too
I received a notice that a change had occurred on my credit score so I checked and it had indeed decreased, so...
I just checked my tracking, it still is most definitely NOT being reported.
Because there are stats available on CC adoption rates... You really don't think they have access to this kind of information... being a financial institution and all?
Sounds to me like you were doing an iPhone Upgrade Program transaction. Either that or his payment terminal device was messed up.
I was indeed doing an IUP. And what a nightmare it ended up being. I had brought my new iPhone 11 Pro in with some issue... the Apple employee helping me thought it would be easier to just do a return and issue new phone. I didn’t realize he was doing this until he had processed a return. But then Citizens One woulnt approve the new phone (because it takes 24-48 hours to update their system that I had returned the first). I had to leave and come back several days later. With no phone. I was not happy. And when they finally processed the exact same phone, it cost a lot more... figured out that I was at an Apple store in Tacoma, which has a local sales tax on top of state tax. All in all, horrible experience.
But when I made the payment (tax I assume), I still don’t get why it wouldn’t take Apple Pay, and he had to manually enter all the info. He couldn’t even insert the chip card.
Last time I was in an Apple store, a couple of months ago, I paid with the Apple Card using Apple Pay. The store you were in may have been having problems.
How many points? I'm going to be closing all my cards except two. I'd love to have some basic knowledge!
Depending on the age of the accounts you could see a major hit to your credit score if you close your oldest accounts. Your average length of history will decrease between the cards you have remaining. Length of credit history accounts for 15% of your credit score. Closing accounts that are recently opened will not hurt you as bad as closing an account that you have had for 10 years.
Credit history only accounts for *ACTIVE* accounts and does not take into account closed accounts.
The other thing to take into account is closing your credit cards will decrease your overall credit available and thus can also impact your score, if you have 60K in current credit card limits and you close 30K of those limits and carry a balance of 15K your utilization rate just jumped to 50% from 25%. Credit Utilization accounts for 30% of your score.
Last edited: