shahhet2

Soli said:

ITGUYINSD said:

Soli said:

chemengin1 said:

emoeller said:

chemengin1 said:

rob bonner said:

Not trying to be negative on this, really asking.  Why would anyone want this card?  The rate is pretty high, the integrations are interesting but don't really add that much value IMO, and I can use Apple Pay with my existing card.  What is the draw?

There is none (being serious). 

This is only the third credit card I have ever had (the other two are AMEX and Visa).  Here are the reasons I chose to sign up:

1)  Extremely secure.  There is no fixed card number, and if the physical card is used and a card skimmer or waiter steals your card number and pin, a number can be created instantly.  So there is no interruption in use of the card.

2)  No Tracking.   You are not identified by the retailer by name or by card number.  They only receive meta-data, they cannot track you (unless you want them to by signing up for some "deal" in which you have control over what information you give them)

3)  Having instant info on spending is very handy, and provides for instant recognition if charges are incorrect, thus allowing for immediate corrections.

4)  Reasonable interest rate (mine was a high limit with a 12.99% interest rate).   Not a big deal of me as I pay off my balance every month.

5)  Complete control over payments.  I simply set mine up to auto pay from my bank at the end of each month.   I don't incur any interest charges and I'm sent notifications well in advance so I can balance my bank statements.

6)  Very detailed (and very Apple designed) infographics on spending by category and retailer.   Also the info on the retailer is in plain english with business name, address, map, and contact info.  Very handy for looking back at what I purchased and from whom.

7)  There are no fees, and no late fees, or currency fees.

8)  Ties to my Apple Cash account, and of course there is the instant cash back features

9)  So far so good, I've made a couple of transactions and set up auto pay.  I will evaluate how this works for me (about 65% of all retailers in the US now accept Apple Pay/Card) to see if this is something I want to use long term.  But I know from experience that Apple Pay works extremely well and fast at checkout, especially using my Watch, so all of my Apple Pay will be done using this card going forward.

10)  Longer term I can see using this card (or something like it) to manage all of my payments (retail purchases, mortgage, other credit card balances (not available now), utilizes etc, etc) from a single source while I am mobile.

1. Nearly all credit cards available today with EMV (chip) are equally as secure (data is encrypted when inserting your chip). Also, many people link their cards to Apple Pay and pay via NFC, which is also equally as secure. The instant number creation is not related to stolen Apple Cards. It is used for making purchases online. If your Apple Card is stolen, you must report it, freeze it, and request a new one. 

2. See above. Encrypted meta-data during payment is the norm already.

3. Nearly all credits cards today post your pending purchase in your account immediately, with the charged amount. Immediate corrections are not necessary (credit card payments are not due for a minimum of 30 days after payment. Reversal of fraudulent charges can typically be handled in that time frame).

4. Not a big deal for those who pay off in full each month.

5. Nearly every card today allows for auto pay and has notification settings.

6. Mint.com allows you to see your spending by category/retailer on ALL of your credit cards at one time. This is a significant advantage over the Apple Card because people are interested in their total spend, not just their spend on one individual card. Apple Card will NOT be able to be linked to any budgeting app (Mint, Quicken, etc) - a massive deal breaker.

7. An infinite number of credit cards are available today with no fees. 

8. 1-3% cash back today or in 30 days is not significant.

9. Most cards available today can be added to Apple Pay.

In short, there is no added draw whatsoever.

OMG! Still trolling with the same lies. Pathetic.

Which of the 9 points are a lie?  Because they all seem correct to me…

The very first point, for starters, but why should I bought when in 2019 you can't understand how a system that uses a secure backend to create a referential and tokenized card number to use with a digital device that is tied to your bank account by your bank, which stores your credentials on a local a secure element, and then uses a required passcode to access the device before allowing a secure biometric to allow you to use the referential, tokenized card is inherently more secure than a physical card that anyone can use simply by having it their possession there there's absolutely nothing I can tell that will make you understand how they are not "equally as secure."

StrangeDays said:

chemengin1 said:

StrangeDays said:

rob bonner said:

Not trying to be negative on this, really asking.  Why would anyone want this card?  The rate is pretty high, the integrations are interesting but don't really add that much value IMO, and I can use Apple Pay with my existing card.  What is the draw?

2% cash back on NFC, 3% on all Apple products and services, no annual fee. Why wouldn’t I want to use it for my Apple Pay card?

That doesn’t mean I’ll use it for everything, of course. 

The interest rate is quite poor (24% for good credit), but I don’t plan to carry a balance. 

At least 3 cards available today offer 2% cash back on NFC AND non-NFC purchases.

Apple products can often be found on Amazon at equal or lower price than Apple.com and paid with Amazon Credit Card for 5% back.

Itunes gift cards can easily be found online for at least 5% off.

So what's the advantage?

What are the 2% cashback no fee cards?

I don’t buy my Apple gear from Amazon. Nor does that cover App Store, iTunes, iCloud, etc which are 3%. 

So the advantages for me are there. If you’re pretending I’m saying it’s the only card for everybody for all use cases, you’re being silly.