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  • Apple Card: no multi-user support, no penalty rates, foreign transactions, more

    insync88 said:
    I don’t know if it’s just me....But I’ve never been this excited for a credit card before 
    Why? It’s a middle of the road type of card. I can literally beat the rewards with every purchase I make with my other cards. It’s ok for a general card but not the best by any stretch. 
  • Apple Card offers simplified and secure Goldman Sachs-backed credit card with daily reward...

    welshdog said:
    We have credit freezes on all three credit bureaus. I wonder if this will be a problem when we try to get an Apple Card?
    Of course it will. 
  • Apple Card offers simplified and secure Goldman Sachs-backed credit card with daily reward...

    Soli said:
    shahhet2 said:
    Soli said:
    What a great event and an amazing card. An Apple card that has been desired for years and yet exceeding all expectations of anything discussed. So, of course, people are complaining about it.

    MacPro said:
    Soli said:
    1) It's about time someone stepped up to offer a financial incentive to using Apple Pay.

    2) That card looks great and I'm glad there is no signature on it. I never understood why that was ever a thing, like some minimum wage retail employee can gauge whether my sig was forged or wether I was just lazy in signing.
    I've never signed any card in years.  I've been asked for my driver's license three of four times by a few intelligent souls in all that time

    I'll definitely get one of these.
    I haven't signed cards in countless years unless I've been effectively forced to because someone says they can't accept the card without me first signing it… which I've then signed right in front of them. #Security 

    There seems to be an inverse relationship to the cost of the product to the requirement for verifying an identity. Maybe it's because stolen cards are most often used for mundane purchases. ¯\_(ツ)_/¯ 
    Explain me why would you take this Apple card which gives  2% only  with Apply Pay and 1% on everything else compared to getting Citi Double Cash or Fidelity rewards which gives 2% flat on everything and then adding it to Apple Wallet for all Apple Pay payments as well?
    Those cards are available for many many years.
    Let's see...
    • 3% back on Apple purchases (which is a considerable annual expense). Does Citi Double Cash or Fidelity offer 3%?
    • No foreign transactions fees. Does Citi Double Cash or Fidelity offer no foreign transaction fees?
    • No late fees. Does Citi Double Cash or Fidelity offer no late fees?
    • No penalty interest rate. Does Citi Double Cash or Fidelity offer no penalty interest rates?
    • Daily rewards reimbursement. Does Citi Double Cash or Fidelity offer daily reward reimbursement?
    • Dynamic app that shows you purchases and spending habits in a non-cryptic format. Does Citi Double Cash or Fidelity offer machine learning in their (assumed) apps with human readable details that one can completely understand in a glance?
    • A titanium card that is laser etched and only contains your name. Does Citi Double Cash or Fidelity offer a collectable physical card?

    Last, but certainly not least…
    • Potentially lower interest rates. Can you guarantee me that Citi Double Cash or Fidelity will absolutely be lower than the Card?

    Bonus reason when other HW makers start offering their own card:
    • No purchase tracking through Apple.

    Perhaps most important is, why do you keep coming at this binary notion that if you have an Card that you also can't have another card. It's great that we can have a physical card that will offer us 2% back on everything (even if you have to wait until you pay off your bill to get it), but it's also great to have rewards right away, lower fees for those that will incur fees, better accounting to help people be more aware of their spending habits, daily rewards, cards (e.g.: Amazon) that offer 5% back, etc. Are you the kind of person that will only use one type of thing and then say everything else sucks simply because the uses don't suit your specific needs as well as someone else?
    Because a few people keep saying this is the best card ever when that’s not even close to the truth. I use cards in an advanced way to maximize my rewards and there isn’t any reason to get the Apple Card as I can beat it every time with every purchase. And who the hell cares about the titanium card? I have a few metal cards and don’t care about those. 

    Plus the Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of March 2019.” What a crock of shit this “low interest rates” line is. Those interest rates are usury, right in line with the rest of the credit card industry. 24% interest ought to be criminal, and 13% is not “low”.
  • Apple Card offers simplified and secure Goldman Sachs-backed credit card with daily reward...

    Apple knows it's clientele incredibly well. Titanium card for no AF, 2% with ONLY Apple Pay and 1% MOST everything else, Machine learning + Apple Maps to simplify finances. No Forex fees on a no AF card is nice.

    Sounds pretty interesting to the normal person, but horribly mediocre to people that maximize credit cards full rewards. 

  • Apple Card offers simplified and secure Goldman Sachs-backed credit card with daily reward...

    hmlongco said:
    Standard isn’t always best when many cards have better rewards than 2%. Also, my standard purchases are extremely low compared to other categories. There’s practically nowhere that I purchase things that I can’t get at least 3% back and up to 5% on most things. 

    Depends on how one defines "best", doesn't it? The Amazon Prime Store Card, for example, gives you 5% back... with a 28.24% annual APR.

    Apple committed to a low (albeit unspecified) APR, with no fees, no late charges, and no penalties. Not to mention the not-so-minor fact that you get your rewards back daily as Apple Cash. Not at the end of the month, not when you redeem them. Daily.

    Then there's the secure unique randomized card number per transaction. No number or signature to steal on the physical card. No tracking of purchases. No sales of transaction data.

    I don't know about you, but there's a ton of value in privacy and security.
    Fees and APRs don’t matter if you pay your balance in full.