Lucky! The dealer I bought from would only let me put a maximum of $2,500 on a credit card towards the purchase of a car.
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Goldman Sachs Makes Apple Card Customer Agreement Available Ahead of Upcoming Apple Card Launch
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People with bad credit whom have no business telling people about using credit cards.
I share my Apple ID with my husband. Im wondering if he will be able to use the card with his phone and we will just have to share the physical card. Most places take Apple Pay, or at least contactless payment but just don’t advertise having Apple Pay.
I didn't say anything about not trusting banks. Do you enjoy having your card shut off and waiting for a new one in the mail every time there is a fraudulent transaction? Do you enjoy filling out fraud reports? Do you enjoy having your rates raised because of the fraud? These are things that Apple Pay has already done away with and now Apple Card will hopefully also address as they fill in the missing card piece of the puzzle.
Where did I sound like I needed a lesson in issuing banks and credit cards? I know all that. I'm only talking about the interface of a credit card which is Apple, not a bank or credit card company. I'm also talking about the security issues which are lessened compared to traditional credit cards. Credit cards are all about convenience but there's nothing convenient when your card is cloned or stolen and you have to cancel it due to fraudulent charges and then wait for a new one in the mail. Can that happen with an Apple Card? I suppose so but it's much less likely to happen and many people already trust Apple more than any bank and the public hasn't even gotten and used the card yet.
I can see it maybe happening for specific industries if they're competitive enough. I doubt a particular business would say that they're able to offer lower prices because they pay less money for card processing, though, not to mention that whatever savings would probably go away as soon as said industry is no longer as competitive.
And that's not even getting into how most card processing contracts work (a lot of them are percentage + flat fee per transaction regardless of card type and not interchange plus), so a lot of merchant acquirers may very well pass on little to nothing of any decrease. Or the fact that many of the larger retailers complaining about card processing already pay less than a smaller business would.
Well there will be only one physical card per AppleID, no doubt, but I'm pretty sure the digital Apple Card should show up automatically on all devices using the same appleID once it's been activated on one of them, just like the Apple Cash debit card did. Also, note that places that advertise contactless payment but not specifically Apple Pay are still able to take Apple Pay anyway since there's nothing specific to Apple Pay itself that they need to support. This includes places advertising contactless payment in countries where Apple hasn't rolled out Apple Pay officially such as South Korea, Mexico, India, Thailand, Argentina or South Africa.
I would argue that does this reselling information impact my live a bit? All these tech companies has user information been stripped out. I haven’t felt my life being turned upside down for all these reselling information.
I don’t know how Apple would check if Goldman Sachs selling users information or not, i do know if Goldman Sachs is selling their information, they probably would deny it.
With these Information Age, no one can escape information being sold.
It's made of titanium and has an Apple logo on it. There are a lot of people who think a lot of people will be impressed when they buy their groceries with it.
Hmmm. Good point. I wasn't going to get one (I get 2% on most things, 3% off on Amazon), but think I will just for my Apple purchases.
A 3% discount will noticeably shave the "Apple Tax" over time...
It’s ok, just go on railing against it while the rest of us recover that scam margin. (You’re making the scammers richer. LoL.)
I’m thinking about international - take 3-4 trips/yr, multiple cards with multiple banks and with no rhyme or reason the fraud detection will go off and then time is wasted assuring them there’s no problem.
So I’ll be keeping and eye on this and if the early reviews are good I will pick one up.
We had an unusual opportunity. I had priced cars throughout the state and in nearby states and whittled it down to negotiations with ca 5 dealers who had what we wanted and had cars that were in inventory for at least 4+ weeks. It was the end of month or qtr, and dealer I picked was anxious to move vehicles to get a factory bonus incentive. She went after work (with an 18k$ check) and had to wait several hours to get paperwork and to pay because they were so busy. When it came time to pay, as we discussed, (I was live on FaceTime audio from Europe), she said she wanted to use her AMEX. That resulted in a negotiation between me and the sales manager. He indicated how much the card fees would hit him for, I offered to share a part of these (our share was a small fraction of the value of the Skymiles), he called the owner of the dealership group for permission. Our sale must have been critical because it was approved. The manager in the cashiers office said he had never seen such a big transaction on a sale before (their limit was, I think 3k$, which was already bigger than most dealers allowed.). My mom made a video of it and we sent to Apple management just for fun. (Sorry, The 16s vid my mom made is too large to upload here.)
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You should be able to have it on both phones.
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LoL, most folks will have no clue because the person with the Card won’t actually have a card.
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Had this happen to me in Japan with my US Bank Visa on the 2 or third trip there with that card. Thought I wasn’t going to get a room until we called USA and straightened things out. Happened 5 years later in Scotland was much harder to reach bank there as nobody knew how to make a collect call to the USA.
Reduced administrative burden and friction. IF GS approves a lot of young 1st time credit applicants they will Hoover up a generation to whom they will be able to offer other services.
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Most credit card issuers advise customers to notify them before international travel. One of my cards - I can’t recall which one - offers a travel-notification option right in the bank’s mobile app.
Edit: it’s my Citi Double Cash card
[doublepost=1564957387][/doublepost]Just checked my US Bank Cash + and it has a travel-notification option, too
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For me the most exciting benefit is a credit card I can give out at restaurants that won't be stolen. On the coasts folks aren't so nice so credit card fraud is practically a yearly occurrence if not even more frequent. The other thing that is nice is 2% back for Apple Pay. For places like convenience stores where most credit cards don't have generous benefits, the 2% back for Apply pay is nice.
Yes I always let my card issuers know before I make international trips. I think it's a good thing that they would flag/hold purchases that suddenly happen overseas. The vast majority of the time that won't be what I'm doing.
I'm excited about giving out the physical titanium card to pay for something, not because of status or because it looks cool or anything like that, but from an experimental standpoint to see of how people will react. Wit will be interesting to see to see how cashiers, waiters and other employees in charge of processing a payment take a card with nothing but a name on it. Especially outside the US, and more especially in corrupted developing countries where people tend to be more distrusting. I'm sure it will be rejected more than once until card issuers start issuing other cards without information printed on them and everyone gets used to such cards.
BTW the 2% cash back is only when using Apple Pay to buy anything other than Apple's products, whereas on Apple products the cash back is 3% (the general idea is to stimulate the use of the iPhone/Apple Watch whenever possible). At restaurants, when you give the titanium card to pay, that will be only 1% cash back.
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The Chase Sapphire Reserve doesn't have numbers on the front. I definitely got some confused interactions paying with it when that first came out.
True, and neither do the Chase United Mileage Plus Club and Explorer Club cards, but all three cards do have all of the card information printed on the back right below the signature panel. The Apple Card, however, is a card with no information printed anywhere on it except for the owner's name and, just as importantly, no signature panel on the back. That's something never seen before on a credit card and certain to cause the card to be rejected more than once, especially outside the US and more so in corrupted perpetually developing countries where people are less trusting.
Outside the US, you'd likely just use Apple Pay for everything (or as close to everything as possible).
In the US, I don't think the physical card will cause issues since the MC logo is still on there. Especially since Coin and other "multi card" products were trying to be a thing for a while, and those didn't seem to cause problems with merchants rejecting them AFAIK. (Terminals, on the other hand, were a different story.)
BTW I heard a rumor that the chip on the card doesn't even have signature as a valid CVM, only "no CVM required". That I can see causing issues if true.
That depends on where you go outside the US. In Canada or Europe, yes you can pretty much use Apple Pay for everything. But in other regions such as Latin America or Asia there are still places where contactless is not accepted because either the contactless reader is disabled, there isn't one at all or the terminal is located behind a closed window or similar location, so you must use a physical card (heck, here in Mexico all but three of the large retailers have contactless disabled and even Samsung Pay users have to pay over MST at those places resulting in a lot of declined transactions and frozen up terminals).
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