Metriacanthosaurus

robbyx said:

Of all the announcements today, this is perhaps the most interesting.  At first I rolled my eyes but, as the presentation continued, it became clear that Apple has genuinely added value to the credit card experience.  That said, I get 3.6% back on every purchase with no limits or category restrictions, so Apple's rewards aren't as good as what I already have.  I love the simplified statement and clear merchant identification, though.  I wonder how long it will be until we see a full-blown financial management app baked into iOS and macOS.

Soli said:

wizard69 said:

Soli said:

sirlance99 said:

hmlongco said:

sirlance99 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. 

You realize that being able to pay off your cards every month isn’t the norm, right?

If you think the “norm” is being stupid then we have a problem.  By the way I learned this the hardway and have drastically changed my use of a credit card.    At this point I try to keep all card purchases beyond an emergency  at a level easily payable every month.   The average person can literally save themselves hundreds of dollars a year by doing so.  

Frankly it wouldnt hurt for our educational system teach students why being conservative in your use of money is so important.  

I don’t think unexpected payments and hard times indicates that one is “being stupid.”

Let’s say you’re a college student and you need books for the semester. Those can be a vary large upfront payment that might not be covered by tuition assistance. Would it be stupid for the student not not take her classes that semester because she’ll have to pay off her books over a few months?

anantksundaram said:

Kind of 'meh' so far. It's really not obvious what's new or different. Not having Netflix, or cable behemoths like Xfinity or Charter, are a problem for me.

jume said:

I am so confused what ATV really is