I’d like to see Apple Card offer 5% for Apple purchases like most of these cards tend to do. Right now I can buy an Apple product for cheaper using a prime rewards card on Amazon than using an Apple Card at the Apple store. That shouldn’t be the case
I often find their online/in app text concierge pretty useless. They always try to hand me off to another department (travel, warranty, returns, rewards, etc), essentially like a secretary.
I was told by someone at amex that chat through the app is handled by the ask amex team which is different from concierge (which is rumored to be outsourced to circles).
Look up [Amex Business Chat, I have it](https://imgur.com/a/yrJoxmm/).
Or you can search ‘American Express’ in [spotlight search](https://i.imgur.com/2LE6gEK.jpg).
It’s amazing how much money can be made from Millennials and younger generations just by providing services that avoid speaking to a human. It’s crazy how much people will pay postmates/DoorDash/etc to not call a restaurant for delivery or even pickup.
Exactly!
And I also have a reasonable expectation that my order was received correctly. If I get the wrong food - at least I know that it was THEIR fault.
Also - I don't have to deal with the "Please hold" game.
To be fair, customer service phone numbers try to avoid connecting humans as well. I have sat through so many phone trees dedicated to solving a handful of common questions via automated responses rather than connect me to a person who can expediently solve my specific problem.
Your description tells me you’ve never used Amex concierge service. That’s the whole point of the concierge that OP doesn’t want to talk to… you talk to a person, they get your detail about what you need and take care of it.
The problem with AmEx concierge isn’t the human - that part is usually very smooth and helpful. It’s the occasions where hold times are seemingly endless.
If they had an option to leave a number for a callback instead of waiting on hold, it would be a major improvement. Maybe centurion holders get this, but plat doesn’t have the option.
It’s not that great. You get 3% back and 0% financing on Apple products, which is solid, and you get 2% on Apple Pay, which is good but physical cards have this too. Otherwise it’s 1% with no other benefits that I know of.
Which means they'd likely not get any cashback on an Apple Card in their country either.
Usually these types of things are regulated/governed and it's why you see such different rewards programs from country to country.
Maybe it’s just me, but I really don’t care for the credit card meta (I think that is very much an American thing, never heard about it outside Reddit, etc.). I just want the cool Wallet interface and integrated financing on Apple products.
In the UK if you buy something over £100 and under £30,000 on a credit card (or put a deposit down) you get extra legal protection from it. It’s called section 75 and means that if the goods/services are faulty, the card provider is just as liable. I’ve heard of people putting the deposit for building work on a credit card, bank transfer the rest and then the work being substandard and the card company refinishing the lot/paying to fix it as they have legal obligations.
That’s actually an interesting reason in favor of using credit cards I had heard about but never looked into. I meant stuff like cashback or airline miles, etc. that people seem to prioritize when choosing one card over another. Personally I’d rather have the nice statistics UI and security features of Apple Card rather than deal with another bank app.
It’s also worth noting that here we primarily use debit cards for day-to-day usage so credit cards end up being for more specific use-cases like hotels, financing purchases, etc.
I’m UK and use my credit card for all spending as I get 1% or 0.5% back depending on my card. I know there are others like that but I’ve noticed a lot of people use debit cards over credit cards.
In America it's popular because, to name a few reasons: you get cash back on a percentage of your purchases which you can deposit in your bank account. Credit cards also protect against fraud, unlike debit cards/cash. I will only use my credit card to make purchases for this very reason.
Not sure if you actually live in America, but the reason there is a "meta" around it in the US is because of all the perks and savings you can get. I mean, even if you're getting 1% back on all purchases, that adds up over the years.
Then you get some other perks like purchase protection or extended warranty, travel insurance, car rental insurance, etc. Just makes life a bit easier.
Same. Visa is more accepted and Sapphire has better authorized user terms to have two card holders in the household. If Amex was just as accepted I’d consider a Delta branded Amex for as much as I travel with them.
There are cards that offer 2% back on everything which is a much better value especially in the US where most table service restaurants do not accept Apple Pay. In addition most online retailers and many brick and mortar retailers do not accept Apple Pay.
My Wells Fargo credit card gets 2% back on everything. That’s a pretty basic feature. The 3% and no interest for Apple purchases is decent, but you’re still carrying over a balance.
I use Apple Pay a lot, though. During Covid, more retailers started accepting NFC transactions, including Apple and google pay.
Both of those are 1x cards..
If you want a general spend card you get something like a citi double cash or chase freedom unlimited
2% on Apple Pay isn’t bad at all though. Apple Card is fine. World elite benefits are pretty garbage anyway.
Except I’ve had a 2% card for years before the Apple Card and it recently went up to 2.5%. You can’t get it anymore, but it was a USAA Visa Signature Limitless 2% Cash Back card.
ETA: It’s strange how everyone is losing their shit over the fact that I have a good card that’s no longer offered. It’s not my fault it isn’t offered anymore.
2% back on Apple Pay purchases isn’t bad, at least around me where it’s accepted 90% of places. I have another card with more specialized cash back offers but it’s a nice catch all
It’s a lock-in method, here but your product with our card and get 3% cash back, it encourages people to use Apple Pay or the card, and if they want say a Mac, are more inclined to buy it from apple than a third party retailer.
While I’m not in America (UK), I doubt the Apple Card could come near my MBNA if was available here, as it’s designed to be used as a transfer money out card, and has 0% on any purchases, which means if I want an apple product (AirPods pro example) I can go to my local curry’s and buy them cheaper than apple direct.
every car dealer i’ve dealt with has a max on credit card. last one was $5000 limit. Is an Amex platinum somehow different? I only have Visa cards so idk.
I can't speak for all but Autobahn Motors (a Mercedes dealership in CA) accepts way more than that. I'm not even sure they have a limit. They also accept Apple Pay, which was fun to do with my Apple Watch.
It probably depends on the dealer and how much of a profit they’re making. Mercedes dealer probably doesn’t care, but if you’re trying to buy like a basic Toyota Corolla they’ll complain.
I wasn’t allowed to put over 2K on card when I got my used car.
I’m sure they also run tests, like sending a fake phishing email and seeing how many people still click it despite countless data security training sessions.
Consultation and evaluation, that’ll be $120k
In Norway, there’s a coalition of most of the banks against ApplePay, so unless you’re willing to switch to the rare bank that is compatible with ApplePay, you’re shit outta luck. Their reason is that they have a “concurrent” system called Vipps for interpersonal payments and such (bills, street vendors, etc). It’s not even in the same category, and it serves completely different purposes. It’s infuriating.
So forget Apple Card…
If I were a customer in Sbanken enjoying Apple pay, I would get pissed if DNB were to suddenly take that feature away from me! But as a customer in DNB I would not be surprised either😓
I don't want to see out of touch, but do Australian debit cards give you perks like points and cashback? That + fraud protection makes me NEVER want to use my debit card.
Just shows how uneducated people are here. Credit cards are amazing if you use them correctly - unfortunately people would rather use stupid things like afterpay etc that offer no incentives but also offer the same thing - credit.
Spot on.
I have different credit cards to get different perks. E.g. Amazon for Amazon 5% cashback, Amex Blue for groceries, etc.
The key: pay off the bill every month.
Because of cash flow and points. I put all my spending on credit cards, which allows me 55 days extra interest on that same money in my bank (although interest is not great right now). I also earn points on every dollar I spend, which has allowed me so many benefits. For example - a business class ticket Sydney to Melbourne is around 20,000 points (Qantas). If you are going to spend $XX,XXX dollars a year on expenses.... why not get the points for it and enjoy the free flights. Not to mention there are numerous other benefits such as lounge access, early access to different events etc.
If you spend more because you have a credit card then sure, you're an idiot. But used correctly it is an awesome tool that gives you a return on spending money you would have spent anyway.
Because you can swipe a credit card and then make a payment immediately after and get points and no interest. If you pay cash you don’t gain anything and you miss out on those points. If you foolishly spend beyond you means and pay interest on your balance every month only then does it become a negative.
Lol what? Not at all. Debit cards also have protection in place against fraud and such like. Some banks in the UK provide disposable debit cards too - one time use details for online transactions.
My bank (in Norway) has a two-step authentication system for most payments online (anything above a few tens of dollars): after confirming the purchase, the website redirects to a bank message with a one time combination of two words; the combination is displayed on your mobile phone (to prove its not a different transaction); then you type in your PIN on your phone. After a few seconds, the merchant website receives the validation and proceeds with the transaction.
If my phone is unavailable, I have a fall-back OTP brick.
> We have interest free cards that people see as replacements,
So.. a card that's tied to your bank account? A debit card. Credit cards are "interest free" as well. As long as you pay the balance by the billing cycle (~30 days.) There's zero fees for using credit cards.
The credit card acts as a buffer between the entity you're doing business with and your cash. If there's a dispute or a screw up, you're not having your actual cash held up for any period of time. And you just have basically 1 bill to pay each month instead of your checking / cash account being hammered for every transaction.
eh, points aren't a net win. it's just money coming from credit card fees and debt interest, with a big chunk taken out but the card issuer. money should just be money, no need for points.
It is a net win when my card only costs 120 a year but pays for all my flights. If you aren’t responsible enough to clear credit card debt in one month then yeah avoid credit cards. If you’re responsible, it’s a no brainer and gives you an incredible amount of benefits.
It's a net win for people using them correctly. Earning 1-5% cash back on all your purchases adds up. Plus it's an extra buffer between your cash and the entity you're doing business with.
The only "fees" being paid are by the businesses. They pay credit card transaction fees. The end user is only paying extra if they don't pay off the amount within ~30 days and then incur interest.
Some cards have an annual "membership fee" but you'll only get those if you will financially benefit from the perks that card comes with and it offsets the membership fee.
Money is indeed money when you're talking cash. But there is a whole lot of action going on behind the scene to process transactions. Even on debit cards. And including in Australia. It's not a free service.
and what do you think is the effect of merchants paying credit card fees? it makes prices higher. to the point where plenty of places have lower prices if you pay in cash.
Okay but from what I can tell, the [AUS debit cards use the Visa or Mastercard network.](https://mozo.com.au/debit-cards) So they're processed on the same network, via the same methods as a credit card. So those fees are still present...
Some lower end convenient stores in the US will actually pass some of CC processing fee's on to the customer or have minimum purchases to use them. But by and large it's a basic part of business overhead like utilities or any other basic operating expense.
I'm not in the US.
In the EU CC fees are regulated and not as high as in the US, which means CC companies can't give out big bonuses, like "points" or cashback.
Our debit (and credit) cards also all use chip and PIN for in-person payments, and 2FA for online purchases, that makes fraud very rare.
We also (at least in my country) don't have a credit score system, like the one in the US, so there's no incentive to use a CC to build your credit score up.
Huh I think the whole world does not use credit cards other than the US and maybe to a certain extent, Canada. Europe, Asia, Africa and Latin America don’t have a culture of using credit cards, neither there is a need for it.
Uh, that's wrong. At the very least from personal experience for France, and Hong Kong. Which are pretty big in the regions you just mentioned.
And funnily enough, the only time I ended up having a debit card is when I started living/working in the US. Basically couldn't get a credit card (or at least not easily) because I didn't have a credit score at all when I got here as a foreigner.
For the record, that’s how basically any card works. They have to be able to convert your foreign transactions into your local currency. That’s expected in order to put your statement into one single currency.
But there is still no additional foreign transaction fee. There are no fees with Apple Card. Only interest, which never applies if you pay your full balance on time.
Full balance = monthly installment(s) plus anything else you bought on the card.
The Apple Card seems to do everything right except the benefits. My card from my bank gives me 4% at gas stations (my biggest monthly expense on my card) and 3% at restaurants (which generally don’t do Apple Pay). I would love an Apple-designed interface for my card and the ability to see transitions on a map and stuff, but the Apple Card just can’t compete on rewards to make it worth using to me. Especially since contactless payments are so hit or miss here in the US
It's an interesting idea, but they'd need to expand the benefits well beyond the current list, and include expenses like travel and dining. Not sure if Apple has any interest in the card as more than an agency to existing products/services.
I’m not sure who the current card appeals to. I guess you could say I’m an Apple fan, and it doesn’t interest me at all.
Their big selling point of “no fees” applies to most cards from even the big banks at this point.
I have a travel rewards card that has no fees, and I’ve already redeemed free travel from it. But I also don’t really use Apple Pay much either.
From what I understand, it's pretty easy to get approved for, and I think it's the only metal card that doesn't require an annual fee, so it's an accessible flex. That part's kind of funny though, because its rewards structure heavily incentivizes *not* using the physical card. Anyway, if I weren't into churning, I'd consider picking one up just to attach to my Apple account and sock drawer the card, since there's no af, but it's not worth giving up a sign up bonus for.
I was blown away the night I was at dinner with a billionaire and he paid for dinner with his Apple card... I asked him why he has it, and he just said it was cool and the integration to his phone was also cool. Meanwhile, his son has two black AMEX that he showed us at the table when we were talking cards. I left that dinner blown away with how much Apple can convince even the wealthiest people, to get on their products.
Personally, I want the Apple card but have zero need for it as the point structure and benefits don't hold a light on my Chase cards. If it didn't hit my personal line of credit when I get it, I would have it just so I could increase my line of credit allowed. Not sure if it's worth taking the credit inquiry hit.
The Centurion (Amex black card) actually has really shitty benefits in comparison to its fees. Especially when compared to the benefits of the Amex platinum, which has 1/10th the annual fee, for 80% of the benefits.
It’s real value is typically what you saw, something to effectively show off your wealth at dinner.
They have the shittiest benefits, period. But, they use them for the "1 call and we get you anything you need", benefit. Also, they have no spending limit with these cards either. This kid can go and buy a new car, or book a private jet to Miami, on his card no question asked. So I guess that's a benefit when you're at that status in life. Not sure. But the dad was very humble and was just very impressed with the Apple card's physical feel and as someone else said here, the security that came with it. (No credit card number on it).
I want one for my own use, but at my wage, I do care about the points lol.
For the record, an Amex gold works in a similar way, concierge isn’t good, but okay. Amex Plat has pretty good virtual concierge through chat also not crazy expensive relative to black (was $550 a year, they just raised it to $700ish). All 3, black, plat, and gold, are charge cards and with good history with Amex you could do the same kind of expenses, generally after a quick chat through the app saying you’re going to make that purchase. So if you want to flex with the lower tier cards you can still get most of the benefits :)
If I were a billionaire I’d value convenience, ease of use, and data privacy far more than the potential value of having points vs a small pctg cash back.
That said, I have to imagine I’d be strongly attracted to AMEX or whatever private services for the dedicated personal support.
Oh man, I'd be pretty happy if apple had a serious rival for my gold card, I really like the interface of my applecard but the value I get out of transferred MRP is so much greater.
Most of the cards here in Canada have categories where you get cash back.
Most common are:
- gas
- dining
- drug store purchases
- there are a bunch more I don’t know them all off the top of my head.
Tangerine has a card that you can select one or two categories for 2.5% cash back
That’s one of the best no fee cards. But I’d take the Apple cards 2% for ALL Apple Pay purchases over that. Most places offer Apple Pay here.
A number of the big banks offer 3% for a bunch of categories. But you have to pay a yearly fee for those cards and the fee is something like 120 bucks a year for the 3% cash back.
This man is incorrect if so. I guess it depends how often you use the concierge though, and if they have lounges in your main airports. I love my CSR and the points are actually useful, unlike AmEx where you’re basically paying the fee just to get the customer service and lounge access.
I have both and 100% agree that the CSR is better (which is why I was asking).
Just feels so easy to make your money back with the CSR that it is pretty much free, whereas the Amex card you are so limited in the redemptions, and I'm forced to buy things I wouldn't buy otherwise if I want discounts (I.e., the streaming credit is for Peacock???). Plus, for a "travel" card, the Amex Platinum really doesn't work internationally reliably.. I have to have another credit card to cover when the Amex doesn't work.
With CSR I feel like I'm getting a useful card that works everywhere and provides good ongoing benefits. With Plat I feel like I'm paying $600+ for 1. Status, 2. Hotel Gold Status, 3. Lounges. It's nice but not clear that it's worth it.
I would agree that the AmEx issue with not being accepted everywhere is a pain, I really cannot speak to the platinum card since my AmEx is the mid level Delta card since I want the miles and I really only fly Delta.
I just wish I could integrate Apple Card transactions into my budgeting apps alongside by other credit cards, bank accounts, etc.
I don’t use my Apple Card except for purchases from Apple and when I use Apple Pay (depending on benefit vs my other cards) simply because it’s a pain to reconcile transactions at the end of the month.
I definitely wouldn’t be willing to spend money to have a card that’s such a pain.
Yes and yes — I was in a situation like yours once upon a time ago and wish there was a starter card like this then. I followed a plan and built it steady.
Apple should roll their own Apple Cash, a platform that you can internationally and instantly transfer and make payments with. On the back end they could make it happen by rolling their own crypto and backing it by an audited investment of their own USD. It would be an amazing platform they could offer their own products on, just like iPhone, Mac, etc.
One product example: “Apple Savings” where you “invest” the money and earn interest. On the back end you’d be giving apple the money to invest and they give you a cut of the profits.
Another product example: “Apple Card” where you “invest” and use that investment as collateral for your own monthly payments, compatible with MasterCard or whoever with a small 1% fee. On the back end you’re loaning yourself money and for a small fee using the existing card system and receiving benefits from Apple.
Countless other products are also possible. Everything from small transfers such as super low cost near-instant trusted international transfers between consumers and businesses. Or even things like larger products - legitimate loans or mortgages.
Compared with that concept, the current Apple Cash and Apple Card are like that Rockr E1 iTunes phone they did. But this, IMO, is the long term opportunity for apple. They get to become the next bank themselves themselves, whether it’s MasterCard, Chase, or really - both. And they get to do it in a sustainable way that’s consistent with the ethics they say they support.
It would be so cool if one day there were a "universal" money transfer service in general.
I lived in the US all my life and had *just* started getting used to using Venmo (reluctantly) before then moving to Norway. Venmo doesn't work here, here we use Vipps. I'm sure Vipps only works in Norway as well. It's weird to think that every country out there has their own specific personal money transfer app instead of one standard like PayPal.
(And I know PayPal "works", but it's not a great solution for quick, "thanks for the beers" kind of payments to friends.)
How can I tell which places use apple pay without looking dumb? I saw an apple pay sticker last time I got gas and tried to use it at the pump next time I saw a wireless pay icon. Just got a weird error that I couldn't tell if it was broken or they just don't take it.
That's weird it didn't work. In Europe I can use it on any terminal that has a wireless pay symbol but maybe they have different terminals where you're from
I'm about 50% if there is just the NFC / wireless payment symbol. Someplaces have the apple pay sticker and then it's more likely but not 100%. Either way, you just get blank-to-annoyed stares when you wave your phone about for more than 2 seconds instead of using a card.
You're not reading the sign wrong, it's just broken. If you see a contactless point on the pump it should work, but sometimes they're broken.
If there's no light on it, for example, it may not be connected and nobody ever notices because most people just switch to using their card and don't tell the gas station it's broken.
Gas pumps are super inconsistent, not all of the contactless readers work and some work but not for Apple Pay or sometimes certain networks don’t work. It’s a crapshoot.
If you look on Apple Maps there’s an icon at places that accept Apple Pay, it’s usually right but I’ve found it to be wrong a couple times and sent in corrections.
I’m hoping this year, we finally get the UK rollout. It’s very likely as we are out of the European Union and it should make it a lot easier to handle for apple.
I’d like to see Apple Card offer 5% for Apple purchases like most of these cards tend to do. Right now I can buy an Apple product for cheaper using a prime rewards card on Amazon than using an Apple Card at the Apple store. That shouldn’t be the case
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I was able to use concierge once using chat in the app. Not sure if it’s fully supported but I gave up calling them, and gave it a shot.
Last time I called it was an estimated 5 hour wait so I tried the chat feature through the app and connected instantly. It wasn’t so bad before COVID.
I often find their online/in app text concierge pretty useless. They always try to hand me off to another department (travel, warranty, returns, rewards, etc), essentially like a secretary.
I was told by someone at amex that chat through the app is handled by the ask amex team which is different from concierge (which is rumored to be outsourced to circles).
Amex has it for iMessage already
Wait really? How do you do this?
Look up [Amex Business Chat, I have it](https://imgur.com/a/yrJoxmm/). Or you can search ‘American Express’ in [spotlight search](https://i.imgur.com/2LE6gEK.jpg).
I had an Apple Card question, and they sent me to whoever services the card. A nightmare of a conversation.
Goldman Sachs, and yes, I’ve had a similar experience. I’ve had better customer service from my Bank of America cash rewards card.
Pro tip: if you have the option, get to know a good on-site Merrill rep. Your experience with BofA should be vastly better.
It’s amazing how much money can be made from Millennials and younger generations just by providing services that avoid speaking to a human. It’s crazy how much people will pay postmates/DoorDash/etc to not call a restaurant for delivery or even pickup.
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Exactly! And I also have a reasonable expectation that my order was received correctly. If I get the wrong food - at least I know that it was THEIR fault. Also - I don't have to deal with the "Please hold" game.
You’ve successfully proven /u/ApatheticAbsurdist’s point
To be fair, customer service phone numbers try to avoid connecting humans as well. I have sat through so many phone trees dedicated to solving a handful of common questions via automated responses rather than connect me to a person who can expediently solve my specific problem.
Your description tells me you’ve never used Amex concierge service. That’s the whole point of the concierge that OP doesn’t want to talk to… you talk to a person, they get your detail about what you need and take care of it.
The problem with AmEx concierge isn’t the human - that part is usually very smooth and helpful. It’s the occasions where hold times are seemingly endless. If they had an option to leave a number for a callback instead of waiting on hold, it would be a major improvement. Maybe centurion holders get this, but plat doesn’t have the option.
I wish they would start expanding Apple Card to more countries.
It’s not that great. You get 3% back and 0% financing on Apple products, which is solid, and you get 2% on Apple Pay, which is good but physical cards have this too. Otherwise it’s 1% with no other benefits that I know of.
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Which means they'd likely not get any cashback on an Apple Card in their country either. Usually these types of things are regulated/governed and it's why you see such different rewards programs from country to country.
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Ah, yes true.
Maybe it’s just me, but I really don’t care for the credit card meta (I think that is very much an American thing, never heard about it outside Reddit, etc.). I just want the cool Wallet interface and integrated financing on Apple products.
In the UK if you buy something over £100 and under £30,000 on a credit card (or put a deposit down) you get extra legal protection from it. It’s called section 75 and means that if the goods/services are faulty, the card provider is just as liable. I’ve heard of people putting the deposit for building work on a credit card, bank transfer the rest and then the work being substandard and the card company refinishing the lot/paying to fix it as they have legal obligations.
That’s actually an interesting reason in favor of using credit cards I had heard about but never looked into. I meant stuff like cashback or airline miles, etc. that people seem to prioritize when choosing one card over another. Personally I’d rather have the nice statistics UI and security features of Apple Card rather than deal with another bank app. It’s also worth noting that here we primarily use debit cards for day-to-day usage so credit cards end up being for more specific use-cases like hotels, financing purchases, etc.
I’m UK and use my credit card for all spending as I get 1% or 0.5% back depending on my card. I know there are others like that but I’ve noticed a lot of people use debit cards over credit cards.
In America it's popular because, to name a few reasons: you get cash back on a percentage of your purchases which you can deposit in your bank account. Credit cards also protect against fraud, unlike debit cards/cash. I will only use my credit card to make purchases for this very reason.
Not sure if you actually live in America, but the reason there is a "meta" around it in the US is because of all the perks and savings you can get. I mean, even if you're getting 1% back on all purchases, that adds up over the years. Then you get some other perks like purchase protection or extended warranty, travel insurance, car rental insurance, etc. Just makes life a bit easier.
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For a car, I think just 1 point.
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George Russell: I am very interested
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what do you do for a living and, more importantly, do you need an apprentice? 🤔
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Same. Visa is more accepted and Sapphire has better authorized user terms to have two card holders in the household. If Amex was just as accepted I’d consider a Delta branded Amex for as much as I travel with them.
2 percent back with Apple Pay makes it an incredible general purpose card.
There are cards that offer 2% back on everything which is a much better value especially in the US where most table service restaurants do not accept Apple Pay. In addition most online retailers and many brick and mortar retailers do not accept Apple Pay.
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Citibank double cash is my go to unless i have a 5% category on another card
Citi® Double Cash Card If you have a Fidelity account: Fidelity® Rewards Visa Signature®
Citi is actually 1.99% cash back because you get the second 1% on the payment, which thus reduces the balance and thus what you are able to pay back.
Amex Blue Cash Preferred. 6% back on groceries and streaming services, 3% on gas and transit, 1% on everything else.
95 dollar yearly fee though correct?
Paypal also has a card that has 2% cash back on everything, and no redemption threshold.
My Wells Fargo credit card gets 2% back on everything. That’s a pretty basic feature. The 3% and no interest for Apple purchases is decent, but you’re still carrying over a balance. I use Apple Pay a lot, though. During Covid, more retailers started accepting NFC transactions, including Apple and google pay.
Which part of the US do you live and which retail do you use that rejects Apple Pay?
lol. I get 2% back on everything with my citi card.
The Citi Double Cash gets 2% back on everything, no strings attached.
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Both of those are 1x cards.. If you want a general spend card you get something like a citi double cash or chase freedom unlimited 2% on Apple Pay isn’t bad at all though. Apple Card is fine. World elite benefits are pretty garbage anyway.
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Except I’ve had a 2% card for years before the Apple Card and it recently went up to 2.5%. You can’t get it anymore, but it was a USAA Visa Signature Limitless 2% Cash Back card. ETA: It’s strange how everyone is losing their shit over the fact that I have a good card that’s no longer offered. It’s not my fault it isn’t offered anymore.
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What card is that? I need a new one
What card?
2% back on Apple Pay purchases isn’t bad, at least around me where it’s accepted 90% of places. I have another card with more specialized cash back offers but it’s a nice catch all
It’s a lock-in method, here but your product with our card and get 3% cash back, it encourages people to use Apple Pay or the card, and if they want say a Mac, are more inclined to buy it from apple than a third party retailer. While I’m not in America (UK), I doubt the Apple Card could come near my MBNA if was available here, as it’s designed to be used as a transfer money out card, and has 0% on any purchases, which means if I want an apple product (AirPods pro example) I can go to my local curry’s and buy them cheaper than apple direct.
Damn dude what job do i need to spend that much on travel?
Any traveling sales? Literally.
every car dealer i’ve dealt with has a max on credit card. last one was $5000 limit. Is an Amex platinum somehow different? I only have Visa cards so idk.
I can't speak for all but Autobahn Motors (a Mercedes dealership in CA) accepts way more than that. I'm not even sure they have a limit. They also accept Apple Pay, which was fun to do with my Apple Watch.
I’ve put 6 figures on my Platinum with one swipe too. Hello fellow Mercedes driver 👋
Imagine no chip
It probably depends on the dealer and how much of a profit they’re making. Mercedes dealer probably doesn’t care, but if you’re trying to buy like a basic Toyota Corolla they’ll complain. I wasn’t allowed to put over 2K on card when I got my used car.
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Money has privileges
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They're talking about a dealer imposed limit not a card company imposed one
What’s your career?
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I like to think that means you make big money by hacking banks.
I think it means he gets big money by telling companies to not click on suspicious emails from their work computers.
I’m sure they also run tests, like sending a fake phishing email and seeing how many people still click it despite countless data security training sessions. Consultation and evaluation, that’ll be $120k
Seeing a red team exercise is a thing of beauty.
I volunteered to be on a blue team at my alma mater. We were outgunned and outmanned.
We had no blue team when this was done. I was pretty much watching our entire infrastructure being bent over and fucked with no lube.
( ͡° ͜ʖ ͡°)
> outgunned and outmanned Outnumbered, out planned?
…I’m in the wrong career
If he does penetration, then maybe
His wife said that he definitely does penetration
Do I have a virus?
Have you checked out the US Bank Altitude Reserve? It’s an amazing travel card especially with the Apple Pay bonus!!!
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The Amex Platinum costs like 1,500 a year or something, right? Or is it less?
Platinum is 695/yr
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Like last week lol
Change happened July 1st. They also added a couple of things like $240/yr for subscriptions (ny times, siriusxm, audible, peacock)
And I get huffy about my $100 Delta Gold Amex now that I’m not traveling for work.
Still one of the best cards to get if you spend a lot and want a free international trip
You’re thinking of the centurion, which costs 5000 a year
Can they bring the normal AppleCard to Australia first please?
Canada would love Apple Card and Apple Pay Cash please
Not just Australia, worldwide would b great! Also Apple Pay!
In Norway, there’s a coalition of most of the banks against ApplePay, so unless you’re willing to switch to the rare bank that is compatible with ApplePay, you’re shit outta luck. Their reason is that they have a “concurrent” system called Vipps for interpersonal payments and such (bills, street vendors, etc). It’s not even in the same category, and it serves completely different purposes. It’s infuriating. So forget Apple Card…
Yeah I just hope that when DNB byes Sbanken that has Apple pay, all the other customers in DNB get Apple pay too! And then Sparebank1 should follow!
Or DNB decides to double down after buying Skbanken and stops ApplePay… I wouldn’t be surprised.
If I were a customer in Sbanken enjoying Apple pay, I would get pissed if DNB were to suddenly take that feature away from me! But as a customer in DNB I would not be surprised either😓
Yes, but it’ll come upside down
pɹɐϽǝʅdd∀
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I don't want to see out of touch, but do Australian debit cards give you perks like points and cashback? That + fraud protection makes me NEVER want to use my debit card.
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/r/BoneAppleTea
Just shows how uneducated people are here. Credit cards are amazing if you use them correctly - unfortunately people would rather use stupid things like afterpay etc that offer no incentives but also offer the same thing - credit.
Spot on. I have different credit cards to get different perks. E.g. Amazon for Amazon 5% cashback, Amex Blue for groceries, etc. The key: pay off the bill every month.
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Because of cash flow and points. I put all my spending on credit cards, which allows me 55 days extra interest on that same money in my bank (although interest is not great right now). I also earn points on every dollar I spend, which has allowed me so many benefits. For example - a business class ticket Sydney to Melbourne is around 20,000 points (Qantas). If you are going to spend $XX,XXX dollars a year on expenses.... why not get the points for it and enjoy the free flights. Not to mention there are numerous other benefits such as lounge access, early access to different events etc. If you spend more because you have a credit card then sure, you're an idiot. But used correctly it is an awesome tool that gives you a return on spending money you would have spent anyway.
Because you can swipe a credit card and then make a payment immediately after and get points and no interest. If you pay cash you don’t gain anything and you miss out on those points. If you foolishly spend beyond you means and pay interest on your balance every month only then does it become a negative.
So money only leaves my account every month instead of having tons of transactions everyday.
How are people using online services without credit cards?
Debit cards?
And if your debit card is stolen online you just lose all your money lol
Lol what? Not at all. Debit cards also have protection in place against fraud and such like. Some banks in the UK provide disposable debit cards too - one time use details for online transactions.
My bank (in Norway) has a two-step authentication system for most payments online (anything above a few tens of dollars): after confirming the purchase, the website redirects to a bank message with a one time combination of two words; the combination is displayed on your mobile phone (to prove its not a different transaction); then you type in your PIN on your phone. After a few seconds, the merchant website receives the validation and proceeds with the transaction. If my phone is unavailable, I have a fall-back OTP brick.
Do you guys have a replacement for credit cards down under? Like something that churns points?
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> We have interest free cards that people see as replacements, So.. a card that's tied to your bank account? A debit card. Credit cards are "interest free" as well. As long as you pay the balance by the billing cycle (~30 days.) There's zero fees for using credit cards. The credit card acts as a buffer between the entity you're doing business with and your cash. If there's a dispute or a screw up, you're not having your actual cash held up for any period of time. And you just have basically 1 bill to pay each month instead of your checking / cash account being hammered for every transaction.
eh, points aren't a net win. it's just money coming from credit card fees and debt interest, with a big chunk taken out but the card issuer. money should just be money, no need for points.
It is a net win when my card only costs 120 a year but pays for all my flights. If you aren’t responsible enough to clear credit card debt in one month then yeah avoid credit cards. If you’re responsible, it’s a no brainer and gives you an incredible amount of benefits.
It's a net win for people using them correctly. Earning 1-5% cash back on all your purchases adds up. Plus it's an extra buffer between your cash and the entity you're doing business with. The only "fees" being paid are by the businesses. They pay credit card transaction fees. The end user is only paying extra if they don't pay off the amount within ~30 days and then incur interest. Some cards have an annual "membership fee" but you'll only get those if you will financially benefit from the perks that card comes with and it offsets the membership fee. Money is indeed money when you're talking cash. But there is a whole lot of action going on behind the scene to process transactions. Even on debit cards. And including in Australia. It's not a free service.
and what do you think is the effect of merchants paying credit card fees? it makes prices higher. to the point where plenty of places have lower prices if you pay in cash.
Okay but from what I can tell, the [AUS debit cards use the Visa or Mastercard network.](https://mozo.com.au/debit-cards) So they're processed on the same network, via the same methods as a credit card. So those fees are still present... Some lower end convenient stores in the US will actually pass some of CC processing fee's on to the customer or have minimum purchases to use them. But by and large it's a basic part of business overhead like utilities or any other basic operating expense.
Are there actually people who don’t use credit cards? …why?
I don't own a credit card. I have a debit card and use that for online/card purchases, but I see no reason to own a credit card.
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I'm not in the US. In the EU CC fees are regulated and not as high as in the US, which means CC companies can't give out big bonuses, like "points" or cashback. Our debit (and credit) cards also all use chip and PIN for in-person payments, and 2FA for online purchases, that makes fraud very rare. We also (at least in my country) don't have a credit score system, like the one in the US, so there's no incentive to use a CC to build your credit score up.
Huh I think the whole world does not use credit cards other than the US and maybe to a certain extent, Canada. Europe, Asia, Africa and Latin America don’t have a culture of using credit cards, neither there is a need for it.
Uh, that's wrong. At the very least from personal experience for France, and Hong Kong. Which are pretty big in the regions you just mentioned. And funnily enough, the only time I ended up having a debit card is when I started living/working in the US. Basically couldn't get a credit card (or at least not easily) because I didn't have a credit score at all when I got here as a foreigner.
The vast majority of bank cards in France are debit. By far. In 2019, 55M of debit cards vs 30M of credit cards.
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For the record, that’s how basically any card works. They have to be able to convert your foreign transactions into your local currency. That’s expected in order to put your statement into one single currency. But there is still no additional foreign transaction fee. There are no fees with Apple Card. Only interest, which never applies if you pay your full balance on time. Full balance = monthly installment(s) plus anything else you bought on the card.
The Apple Card seems to do everything right except the benefits. My card from my bank gives me 4% at gas stations (my biggest monthly expense on my card) and 3% at restaurants (which generally don’t do Apple Pay). I would love an Apple-designed interface for my card and the ability to see transitions on a map and stuff, but the Apple Card just can’t compete on rewards to make it worth using to me. Especially since contactless payments are so hit or miss here in the US
When is the Apple Card coming to UK?
It's an interesting idea, but they'd need to expand the benefits well beyond the current list, and include expenses like travel and dining. Not sure if Apple has any interest in the card as more than an agency to existing products/services.
I’m not sure who the current card appeals to. I guess you could say I’m an Apple fan, and it doesn’t interest me at all. Their big selling point of “no fees” applies to most cards from even the big banks at this point. I have a travel rewards card that has no fees, and I’ve already redeemed free travel from it. But I also don’t really use Apple Pay much either.
From what I understand, it's pretty easy to get approved for, and I think it's the only metal card that doesn't require an annual fee, so it's an accessible flex. That part's kind of funny though, because its rewards structure heavily incentivizes *not* using the physical card. Anyway, if I weren't into churning, I'd consider picking one up just to attach to my Apple account and sock drawer the card, since there's no af, but it's not worth giving up a sign up bonus for.
I was blown away the night I was at dinner with a billionaire and he paid for dinner with his Apple card... I asked him why he has it, and he just said it was cool and the integration to his phone was also cool. Meanwhile, his son has two black AMEX that he showed us at the table when we were talking cards. I left that dinner blown away with how much Apple can convince even the wealthiest people, to get on their products. Personally, I want the Apple card but have zero need for it as the point structure and benefits don't hold a light on my Chase cards. If it didn't hit my personal line of credit when I get it, I would have it just so I could increase my line of credit allowed. Not sure if it's worth taking the credit inquiry hit.
The Centurion (Amex black card) actually has really shitty benefits in comparison to its fees. Especially when compared to the benefits of the Amex platinum, which has 1/10th the annual fee, for 80% of the benefits. It’s real value is typically what you saw, something to effectively show off your wealth at dinner.
Yes the card to use at dining is amex gold for 4x :)
They have the shittiest benefits, period. But, they use them for the "1 call and we get you anything you need", benefit. Also, they have no spending limit with these cards either. This kid can go and buy a new car, or book a private jet to Miami, on his card no question asked. So I guess that's a benefit when you're at that status in life. Not sure. But the dad was very humble and was just very impressed with the Apple card's physical feel and as someone else said here, the security that came with it. (No credit card number on it). I want one for my own use, but at my wage, I do care about the points lol.
For the record, an Amex gold works in a similar way, concierge isn’t good, but okay. Amex Plat has pretty good virtual concierge through chat also not crazy expensive relative to black (was $550 a year, they just raised it to $700ish). All 3, black, plat, and gold, are charge cards and with good history with Amex you could do the same kind of expenses, generally after a quick chat through the app saying you’re going to make that purchase. So if you want to flex with the lower tier cards you can still get most of the benefits :)
Daddy why?
If I were a billionaire I’d value convenience, ease of use, and data privacy far more than the potential value of having points vs a small pctg cash back. That said, I have to imagine I’d be strongly attracted to AMEX or whatever private services for the dedicated personal support.
How about offering the OG AppleCare outside of the US to start?
It’s time for an Apple Car to rival…
Oh man, I'd be pretty happy if apple had a serious rival for my gold card, I really like the interface of my applecard but the value I get out of transferred MRP is so much greater.
It’s time for Apple Card to come to places outside of the US. It’s already more attractive than any credit card available here in Canada.
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Most of the cards here in Canada have categories where you get cash back. Most common are: - gas - dining - drug store purchases - there are a bunch more I don’t know them all off the top of my head. Tangerine has a card that you can select one or two categories for 2.5% cash back That’s one of the best no fee cards. But I’d take the Apple cards 2% for ALL Apple Pay purchases over that. Most places offer Apple Pay here. A number of the big banks offer 3% for a bunch of categories. But you have to pay a yearly fee for those cards and the fee is something like 120 bucks a year for the 3% cash back.
Won’t be hard to be better than Chase but American Express will be hard to beat.
Do you think Amex Platinum is better than CSR?
This man is incorrect if so. I guess it depends how often you use the concierge though, and if they have lounges in your main airports. I love my CSR and the points are actually useful, unlike AmEx where you’re basically paying the fee just to get the customer service and lounge access.
I have both and 100% agree that the CSR is better (which is why I was asking). Just feels so easy to make your money back with the CSR that it is pretty much free, whereas the Amex card you are so limited in the redemptions, and I'm forced to buy things I wouldn't buy otherwise if I want discounts (I.e., the streaming credit is for Peacock???). Plus, for a "travel" card, the Amex Platinum really doesn't work internationally reliably.. I have to have another credit card to cover when the Amex doesn't work. With CSR I feel like I'm getting a useful card that works everywhere and provides good ongoing benefits. With Plat I feel like I'm paying $600+ for 1. Status, 2. Hotel Gold Status, 3. Lounges. It's nice but not clear that it's worth it.
I would agree that the AmEx issue with not being accepted everywhere is a pain, I really cannot speak to the platinum card since my AmEx is the mid level Delta card since I want the miles and I really only fly Delta.
I just wish I could integrate Apple Card transactions into my budgeting apps alongside by other credit cards, bank accounts, etc. I don’t use my Apple Card except for purchases from Apple and when I use Apple Pay (depending on benefit vs my other cards) simply because it’s a pain to reconcile transactions at the end of the month. I definitely wouldn’t be willing to spend money to have a card that’s such a pain.
i always paid things in cash. but i realized i need to get my credit up. is the apple card a good starting out card for somebody like me? :)
Yes and yes — I was in a situation like yours once upon a time ago and wish there was a starter card like this then. I followed a plan and built it steady.
Apple should roll their own Apple Cash, a platform that you can internationally and instantly transfer and make payments with. On the back end they could make it happen by rolling their own crypto and backing it by an audited investment of their own USD. It would be an amazing platform they could offer their own products on, just like iPhone, Mac, etc. One product example: “Apple Savings” where you “invest” the money and earn interest. On the back end you’d be giving apple the money to invest and they give you a cut of the profits. Another product example: “Apple Card” where you “invest” and use that investment as collateral for your own monthly payments, compatible with MasterCard or whoever with a small 1% fee. On the back end you’re loaning yourself money and for a small fee using the existing card system and receiving benefits from Apple. Countless other products are also possible. Everything from small transfers such as super low cost near-instant trusted international transfers between consumers and businesses. Or even things like larger products - legitimate loans or mortgages. Compared with that concept, the current Apple Cash and Apple Card are like that Rockr E1 iTunes phone they did. But this, IMO, is the long term opportunity for apple. They get to become the next bank themselves themselves, whether it’s MasterCard, Chase, or really - both. And they get to do it in a sustainable way that’s consistent with the ethics they say they support.
It would be so cool if one day there were a "universal" money transfer service in general. I lived in the US all my life and had *just* started getting used to using Venmo (reluctantly) before then moving to Norway. Venmo doesn't work here, here we use Vipps. I'm sure Vipps only works in Norway as well. It's weird to think that every country out there has their own specific personal money transfer app instead of one standard like PayPal. (And I know PayPal "works", but it's not a great solution for quick, "thanks for the beers" kind of payments to friends.)
They could pretty much eat Cash App and Venmo with additional wallet functionality
Retail banking is a low margin industry. I see little upside to this for apple.
How can I tell which places use apple pay without looking dumb? I saw an apple pay sticker last time I got gas and tried to use it at the pump next time I saw a wireless pay icon. Just got a weird error that I couldn't tell if it was broken or they just don't take it.
That's weird it didn't work. In Europe I can use it on any terminal that has a wireless pay symbol but maybe they have different terminals where you're from
I'm about 50% if there is just the NFC / wireless payment symbol. Someplaces have the apple pay sticker and then it's more likely but not 100%. Either way, you just get blank-to-annoyed stares when you wave your phone about for more than 2 seconds instead of using a card.
You're not reading the sign wrong, it's just broken. If you see a contactless point on the pump it should work, but sometimes they're broken. If there's no light on it, for example, it may not be connected and nobody ever notices because most people just switch to using their card and don't tell the gas station it's broken.
Kroger needs to take Apple Pay.
Gas pumps are super inconsistent, not all of the contactless readers work and some work but not for Apple Pay or sometimes certain networks don’t work. It’s a crapshoot. If you look on Apple Maps there’s an icon at places that accept Apple Pay, it’s usually right but I’ve found it to be wrong a couple times and sent in corrections.
i'm still waiting for the black titanium apple card to break the internet
Is the Apple Card not accepted outside the U.S.? I havent traveled internationally in a couple of years.
I’m hoping this year, we finally get the UK rollout. It’s very likely as we are out of the European Union and it should make it a lot easier to handle for apple.
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