I wouldn’t say the only thing it’s good for is Apple products. I live in a big metro area and everywhere I go be it food, public transport, etc takes Apple Pay and since I use a credit card for ALL my purchases it’s 2% for everything not just restaurants or gas. That’s pretty competitive and since I use my phone the only physical card I carry is a debit one. Really about convenience/ease of use at this point.
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Goldman Sachs Wants to End Apple Partnership, American Express Might Take Over
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Had AmExp top cards since 1968. Platinum membership costs $650 per year. My wife also has a fee. No real spending limit.
No business would take the AmExp card in Ireland in May 2023 while we were there. Many stores here in the USA won’t take it either.
We keep AmExp as an emergency travel card as most airlines accept it.
My Apple Card credit limit went from under $10K to over $32K. Have had good results when issues cropped up. I pay the balance in full on the first business day of the next month.
Note that banks dislike customers that pay promptly as they do not get the over 28% interest that starts ASAP if one makes a late payment.
I use the Citi CostCo card as well. No issues anywhere in the world with this card.
No business would take the AmExp card in Ireland in May 2023 while we were there. Many stores here in the USA won’t take it either.
We keep AmExp as an emergency travel card as most airlines accept it.
My Apple Card credit limit went from under $10K to over $32K. Have had good results when issues cropped up. I pay the balance in full on the first business day of the next month.
Note that banks dislike customers that pay promptly as they do not get the over 28% interest that starts ASAP if one makes a late payment.
I use the Citi CostCo card as well. No issues anywhere in the world with this card.
In 31 years I can't recall needing to contact customer service for a credit card. If I have to call someone to fix an issue they are a **** company I don't want to do business with in 2023
I actually have not seen one yet that doesn't. It would be very rare in the US for that to happen, it would seem.
They changed this in the last two months after warning consumers 6 months ago. Now t-mobile has done the same.
I can't see how Apple getting into the banking business would be a monopoly issue. They're pretty new to banking and are not a financial institution themselves right now.
Oddly, yes, still around. I did a quick Google search and apparently it's now owned by Discover. Who knew? I'm not sure why anyone would want to get Diner's card though... hmm...
I'm not under the impression that Apple Card specialists are Apple employees. Are they? I've talked to them before and it seems like they are Goldman Sach's? Don't know for sure. Would be curious to know.
Who employs them is not clear, but Apple has dictated terms of customer service. If you call, notice the voice recording is the same voice as Apple Support and the hold music is the same. If you have a non-technical issue, they will also quickly tell you that they can only see what customers see. They will ask for screenshots and “escalate,” just like Apple Support does with their RTA.
Unless one has a bad spending habit, I don't typically encourage getting rid of credit cards that one doesn't use. Just lock them up, physically and electronically, and put them away. That's what I've done with my Chase Amazon. I locked it up and don't use it at all. If Apple Card does become an AMEX card, welp, back out comes that Chase Amazon card!
My husband got rid of his Visa card once he got another credit card (forgot which one). I kinda berated him for closing his Visa since he has the longest credit history there and because abroad, Visa is well accepted over the other ones he had. Well, he later regretted closing his Visa card.
Goldman Sachs and Apple are a good fit because Tim Cook shares Goldman Sachs’s core values of corporate greed, maximizing profits by not maximizing the quality of products, not caring about lower-income people, having MBA degrees, and being soulless.
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Huh - I've never been warned about it yet. I use cc for both Xfinity (Comcast) cable and mobile payt's. Eventually they'll send me a text or an email. They aren't the best or brightest.
Interesting story about the issue with the AppleID and Apple Card. I had no idea it would be fixed that way.
I've found the current Apple Card beneficial for my uses. I really don't pay attention much to their cashback program and other benefits EXCEPT that there is no foreign transaction fee when used abroad, and that it is widely accepted. That part is important to me because I do go outside of the US and unless needed, don't carry cash.
I pay my bills fully every month, so I also don't pay attention to things like their rates.
The part I bolded above is not true at all.
I have communicated with Apple Card specialists by iMessage and by phone several times and they can see more than what I can see.
I don’t want an American Express branded card. VISA or Mastercard are accepted at more places.
I don’t think there’s any evidence that the Apple Card is the one that’s responsible for losses.
No Tier below but still gets you into airport lounge, Priority Pass and Centurion lounge access.
That likely violates their merchant agreement.
Actually I've visited many USA businesses with similar signs back many years, so nothing new with some business saying use of an American Express card involves a small additional fee. If Visa and MC hikes their transaction rates you'll see the same occur. Gas stations can more easily work this by cash vs credit charges. You can't fault small businesses for trying to minimize the costs associated with credit cards if it starts to impact their profits.
My mother has an Amex card with 0 balance declined and closed without notice while taking our family for dinner. When she called to find out why… she had balances on non Amex cards
The part you bolded is most certainly true. I’m not saying it is accurate but when tricky issues come-up, Apple has instructed them to say that and escalate to Tier 3, Apple Card Managers. It’s the exact same tactic Apple Support uses. Even when you talk to a Senior Advisor, once they encounter issues that are not covered in public Apple Support documents, they will do an RTA to Engineering.
This would be horrible for frequent international travelers. It’s difficult to find a use for AMEX in Europe. Asia is spotty at best. I’ve enjoyed the card thus far but if it’s Amex I’d have to get rid of it.
I would welcome this. GS has some of the worst customer service ever. American Express on the other hand is a model citizen for customer service. I was actually thinking of going back to Amex.
Unfortunately, you are. I don’t know that I’ve been to a restaurant in Canada that doesn’t accept Amex.
That is definitely a violation of their merchant agreement. Amex does not allow that. Report them.
I don’t know where you went, but I found several places in Ireland that accept it. I would peg their acceptance rate (based on my own experience) around 65%. Acceptance in the UK is even higher. And I definitely wouldn’t say “many stores in the US won’t take it either.” Acceptance in the US is like 99%. Are you just making up stuff?
What are the chances of Apple going 100% in-house instead of partnering with another bank?