Nope. You get 4% on gas and EV charging on the first $7,000 and 2% on store purchases (same as AppleCard) but Apple delivers that cash every day, right to one’s Apple Savings account so one earns interest from the day it is earned, unlike the Citibank card that delivers that cash at the end of the year with one’s Executive bonus as a check that one can only cash at CostCo.
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Goldman Sachs CEO Says Contract With Apple May End Early
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Related, I wonder what percentage of Apple Card customers even have a physical card to replace - I had them send me one but have never used it, doping everything through Apple Pay.
Nope. I have had my last two rebates direct deposited into my checking account at the credit union. Even if a check is given, as I have done previously, the check can be deposited like any regular check, because it is a check. However, the electronic deposit is much easier.
That type of information should have been taken off your credit report after 7 years, 10 at the latest for some defaults. Unless the delinquency was at Chase then it would be a different scenario.
The Costco membership at one time was using American Express. Costco changed to VISA in 2016. I don't remember Costco ever using MasterCard as a reward card. Costco used to accept Mastercard as payment but stopped because Mastercard fees became excessive.
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Costco refuses Mastercard credit cards because the fees charged to merchants was more than Costco wanted to pay.
I had a numerical "x != y" issue in December with my AC Account (who actually trusts the idea of an inexplicable (actual) USD666 Debit in this day-and-age), and held several lengthy phone discussions with CSR reps from both GS, and AAPL.
It consumed a hour from my living.
I was impressed by not just how patient and informative each rep was, but that they communicated and deftly transitioned the conversation between the three of us.
It was my math that was in error, but that ended-up being a personal revelation.
It felt like a 'we' thing, and I shared my appreciation (as best I could).
[egads! Reading-back, this looks like a Chat GP convo, but I swear that this content is bespoke!!]
I'm holding a zero balance, so exactly who maintains the Account really doesn't matter.
Heck, I may never, ever, use it again!
It consumed a hour from my living.
I was impressed by not just how patient and informative each rep was, but that they communicated and deftly transitioned the conversation between the three of us.
It was my math that was in error, but that ended-up being a personal revelation.
It felt like a 'we' thing, and I shared my appreciation (as best I could).
[egads! Reading-back, this looks like a Chat GP convo, but I swear that this content is bespoke!!]
I'm holding a zero balance, so exactly who maintains the Account really doesn't matter.
Heck, I may never, ever, use it again!
Tim Cook is very similar to David Solomon, but very different from Steve Jobs. That's precisely why Apple is now extremely successful in terms of money, but a miserable faliure in terms of innovation.
And limit the places where you could use it, no thank you
I have had no issues using my Costco VISA in Spain, Germany, Austria, Switzerland, England, Croatia, Bosnia, Amsterdam, Netherlands, France, Norway and The Gummi Bear Factory Store.
I don't think it's as bad as you suggest. Visa and Mastercard have agreements in place that whenever one is down, they forward all traffic to the other. So Mastercard must be capable of handling anything that Visa can (and vice versa).Being forced to run on the Mastercard network until 2026 is a big caveat. Mastercard is currently only 25% of the overall card market share versus 61% for Visa:
(Further, my understanding is AMEX, Discover, and every other card network also have agreements with Visa that whenever they're down, they can forward their traffic to Visa. So Visa should be capable of handling every card transaction in the world if somehow every network went down except theirs.)
The Gummi Bear Store was huge. Hundreds of various Gummis. I can state that U.S. customs will give strange looks, a little extra scrutiny, and testing of a sample, when six kilograms of Gummis are found in checked luggage.
Interesting. How does one request to have one’s rebate check deposited with ACH? However, it is still an inferior experience to most other reward cards as it given once a year, rather than daily/monthly/quarterly like most other cards.
There was a link in the email and on the CITI website.
Perhaps. The rebates are better for gas and travel than some other cards. You don’t have to pick categories for rebates. You don’t have to deal with getting miles. Other cards have advantages and disadvantages. A person has to pick what serves them best. I also chose the Costco VISA for the lack of foreign transaction fees which was not common at the time I got the card. That was a significant benefit due to my foreign travel. Now most cards have that benefit.
There are so many cards with a bewildering array of benefits. I personally don’t like playing musical cards having to decide which to use to get a particular benefit. Besides, the yearly Costco benefit just feels better due to the amount of money. Sort of like getting a big tax refund, which is really bad planning in my opinion.
Completely agree with this. I'd also say that it's not that Banks won't work with Apple. They just won't accept the Apple Card contract as is. Apple was fortunate when they launched that Goldman Sachs was trying to break into Consumer Banking & was looking to make a splash. They agreed to a lot of terms that any established bank would not agree to. If it had worked out, it would have given them a lot of scale really fast and would have helped them to build out their portfolio. But they decided it wasn't for them, and now Apple has to deal with partners who aren't int eh same situation, so they will have to make some concessions to get someone to take on the card.
oh no, let’s all hope that Apple never goes near anything Amex. Horrible network to be part of if you spend time with your feet off US soil.
I honestly wouldn’t mind that. But the feds would probably put a stop to that pretty quickly.
Yep, but I’d expect that the account numbers will likely changes, for both the credit and savings accounts. So you’d have to update whatever businesses they’re re linked to.