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Apple Card comes in the smartest credit card packaging ever
- Thread starter BAD
- Start date
I dunno. Shoes are meant to protect our feet but people spend hundreds of dollars to get this kind instead of that kind. If we accept aesthetic preferences for objects with uses other than fashion I don't see why we can discriminate.
Word, I'm like... am I missing something here? It's a fucking credit card.
Neat idea - but the benefits don't seem so hot. 2% back on Apple Pay purchases? Not great, but not bad either. It's very meh.
Samsung likely has a patent on its solution.
Samsung Pay works with all card readers.
when historians are writing the credit card history, it'll be divided into two periods, BA (before apple) and AA (after appler).
I see your point, it's actually a Goldman Sachs card. But won't they get some fat cut of the interest anyway? Same difference. They gonna be rich.
And so does Apple Pay.
Apple Pay (and Samsung Pay for that matter) doesn't work anywhere there isn't contactless payment (ie much of America) so this card is for that.
to clarify, Apple designed the card but are not a bank and you will not owe money to Apple. This is no different than Amazon or a store like Best Buy having a credit card. It has their name because it rewards their customers, but a traditional bank is actually dealing with the payments and infrastructure. Apple is not doing something new and evil with money, they simply are making a new card with some cool consumer tools in the design.
I wonder why they couldn't have embeded the nfc on the other end of the card. Now the package is not recyclable unless you remove the nfc chip and sure as hell most of the people will just toss it in the recycle bin.
Does it work with readers where you have to dip the card, like gas stations?
That's incorrect. Samsung phones have a device inside that simulates swiping a card. You can hold it up to a non-contactless reader and it will work. They also support normal contactless.
Then why your comment about no contactless payment? If you can swipe a card on a device, you can use a phone to pay.
That's literally the highest rate for uncategorized purchases on the market, matched in the USA only by Citi Double Cash for the major banks
Ah I see. So Apple isn't actually doing any of the lending. Fair enough.
Will be interesting to see them roll it out worldwide because they might actually partner with different local banks.
What I meant to say was that anywhere Samsung Pay will work, Apple Pay will work.
But in America in particular there are places where you can't use contactless payment of any kind, and therefore you can't use Apple Pay or Samsung Pay. So for America only, they need a physical card.
It's all trivial to me. Here in Canada I could use Apple Pay/Samsung Pay pretty much anywhere. I imagine they won't roll out physical cards to markets like this.
Why? It's a credit card just like any other, but with more features to help users prevent that.
Unless it has a higher APR than other cards or you expect them to give cards to unqualified applicants, I see no reason for this statement to be a thing.
- when the uber card first came out (it's all black with multicolor accent dots) i got complimented constantly while paying with it from cashiers/waiters and even people i'm with. "What card is that? it looks really cool etc etc"
- whenever i use my business Amex card, it always gets stares and comments because of the eye catching centurion in the middle
- first time i used apple pay from my watch in 2015, the cashier called over her coworker to take a look at what i did and constant "that's really cool" from many people at stores
any time something out of the ordinary is used as a payment method, it gets attention. so no, it's not that strange
Sorry I added to my post about what credit cards represent. I had to think about why credit card fashion is one of the oddest fashions, and I think I figured out why to me.
I'm trying to think of another thing that people have pride/shame over that is ultimately a symbol of irresponsibility, and I can't think of one. Most things that are fashionable have some origin in practical, positive utility: A Dolce & Gabbana hang bag ultimately can be reduced to some positive utility; expensive shoes can ultimately be reduced to some positive utility... e.g., Hand bags carry stuff, shoes protect your feet. Now, sure, all fashion is absurd to a degree, but at least those things are positive utilities, that over time become extensions of ourselves. Credit cards, at base, are objects of irresponsibility (they have to be, or else banks wouldn't extend credit cards because they wouldn't be profitable; all the banks would lose money), they're negative utilities, but they've become positive extensions of ourselves. I'm really trying to think of anything else that is a negative utility that someone would want to extend their personality onto, and I can't think of one off hand.
Maybe like a very ornate smoking pipe, long cigarette holder, or heroin needle, like one of those old school fancy heroin/opiate needles from the 20th century or the ~1920s women's cigarette holders for smoking. Ultimately that thing has negative utility, it's a device that shows off your addiction to something, but someone might turn it into an object of fashion as a proud extension of themselves. But, even those probably don't qualify because those addictions weren't generally seen as negative back when an ornate heroin needle or fancy cigarette holder was fashionable.
Not sure what the arrangements for branded rewards card usually are. Could be some portion of interest or a flat fee based on users or something.
No it isn't. Credit cards do not imply debt. Further, debt doesn't imply unmanageable debt.
And if we're gonna get upset over fashionable things causing financial issues for irresponsible people, there are a nearly infinite number of examples. Good looking cars, nice hand bags, fancy furniture, and on and on.
Do y'kmow how people get into debt buying that stuff? Credit cards.
I get it, and I tried to convey that at the end ("fuck me I want the heaviest card" type thing)... I have a pride in my stupid metal black credit card. But thinking about it I think it's one of the oddest things to become fashionable because at base, a credit card is a negative utility... It shows that you have to borrow money to pay for something you want. I'm struggling to think of anything else that has pride/shame attached to it, that is fashionable, that ultimately conveys a negative message about you at base.
I don't drive so haven't had a chance to try it, but it has worked on every mag stripe reader I've come across so far.
But Samsung Pay doesn't require a special contactless terminal to work. That's the point.
If Apple Pay can do everything Samsung Pay can do, as you state, then there should be no need to worry about contactless. If Apple Pay is limited to contactless readers only, then my original comment stands.
OP is probably too excited but did anyone read the post? He's talking about the NFC tag in the packaging that activates and pairs the card.
Those people are already in debt.
This is just a way for people with discipline to get 3% discounts on Apple gear and IAP. If you can't use a credit card without getting into debt you shouldn't be getting a credit card at all (and if you're looking for general rewards there are better cards. I'm going to get one probably just for my Apple-related purchased only.)
How do you use your Samsung Pay with a POS terminal that doesn't have contactless payment?
You don't.
Both Apple Pay and Samsung Pay use the same type of generic NFC POS terminal. They're exactly the same thing.
Wrong.
Their phones have been doing it for 4 years
Samsung Pay works at places without contactless though there are exceptions.
https://www.theverge.com/2015/8/13/9146965/samsung-pay-mobile-payment-credit-card-readers-date
Woah woah...symbol of irresponsibility? A credit card used properly, especially a rewards credit card, can be a powerful financial tool. Rewards can literally earn you money and other things, and debt used smartly is very very useful. Of course people find themselves in a bad spot if they do something silly, but there are millions of people out there using them well.
Plenty of people with no credit cards struggle financially because they prioritize poorly.
It looks the same? In fact I was surprised to learn the card is made out of titanium - not aluminum like originally suggested. That's pretty cool I guess.
Anywhere where NFC is available, but Samsung Pay works almost everywhere no matter if they have contactless payment or not (which Apple Pay can't). It spoofs the machine to think you swiped a card. The few places where that doesn't work is gas stations and similar where you need to feed the card into it. So Samsung pay would work for most people in the US.
So now you're making the argument that irresponsibility is the reason people struggle with debt? Which is completely ancillary to the original point.
Whoo boy.
You can actually use Samsung pay without a contactless NFC reader. They own a mag stripe simulating technology that sends a mag stripe signal to a normal card swiper. So if NFC is unavailable, Samsung Pay often still works.
because it does not, especially exclusive higher end cards.
those convey status. as it means you have a good credit score, which is usually attained from having a good income, probably a house/car, on time payment history and the fact that your money is mostly likely from a legit source
when you pull out a bundle of 1s and 5s from your pocket.....that looks sketchy for obvious reasons. Even if it's from a legitimate source, people are quick to judge.
What Syriel has been trying to explain repeatedly to you is that yes, Samsung Pay does work on generic point-of-sale terminals. It emulates the magnetic strip on a traditional card by emitting a signal that the generic terminal can read.
Are you suggesting Apple rewards credit cards are used by people to buy groceries? This is a branded rewards card for expensive consumer electronics.
Samsung Pay does work on card readers without tap and pay. I do it all the time. I just point my phone at the area you slide the card and it goes through fine.
Ah I see. I stand corrected. That's the little detail I needed explained because I was thinking "if you can't shove your phone into a card slot how exactly do you have any method but NFC"?
Well then in that case Samsung does have a better method than a physical card to handle legacy POS. But swiping's on its way out eventually (gone everywhere but USA)
Because then anyone could activate the card on an iOS device if they had physical possession of the card?
The whole point of the Apple Card is to minimize the number of people who have access to anything. Nobody has access to the card number, all transactions are tokenized, disposable card numbers for CNP transactions.
Anyone could activate the card since it's on the package. Once activated, another attempt at activation should just be denied. I mean it's not that different from someone picking up the packaging from trash and try to activate it?