crudman

clarker99 said:

Soli said:

crudman said:

whittonm said:

Oooh, a credit card, this is an insanely great Apple innovation!  Canadians must be going crazy waiting for it!  /sarcasmoff

Sarcasm appreciated, but if the features for the Canadian variant are the same as the US card it -is- going to be innovative. There are currently no Canadian issued cards that waive the foreign exchange fee (2.5%) for example. 

If no Canadian CCs do that—not even travel-focused cards with an annual fee—then I think it's highly unlikely that Apple will be able to swing that.

This is my biggest pet peeve with my CC’s. The FX fee is such a rip off. If they can even reduce the fee to something more reasonable It is a win. 

I have one that -used- to be great - the Rogers MasterCard. It didn’t charge the foreign FX fee -and- gave 4% cash back on all foreign currency transactions. So it was a net 6.5% gain (I travel a bunch for work and use this card exclusively). Then they added the FX fee in so it went from 6.5% to 1.5%. 

whittonm said:

Oooh, a credit card, this is an insanely great Apple innovation!  Canadians must be going crazy waiting for it!  /sarcasmoff

Sarcasm appreciated, but if the features for the Canadian variant are the same as the US card it -is- going to be innovative. There are currently no Canadian issued cards that waive the foreign exchange fee (2.5%) for example. 

I think the reasoning for this being an Apple-targeted suit is that Apple has a patent (at least one, maybe more) to detect and lockout the device of the driver specifically. Here's a link: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&p=1&f=G&l=50&d=PTXT&S1=%28455%2F456.4.CCLS.+AND+20140422.PD.%29&OS=ccl/455/456.4+and+isd/4/22/2014&RS=%28CCL/455/456.4+AND+ISD/20140422%29

 I'm not saying I agree with this (other than people shouldn't be idiots when driving), just trying to provide some context and clarity.