mikesyr18

MasterCard issuers have slowly stopped providing extended warranty and other benefits. Citi was one of the major banks to do it so far. I'm not sure I'd expect a no AF card to offer a lot of benefits other than zero liability (required by law).

tmiw

Why wouldn't it? I mean, even debit cards seem to have some of those benefits (example), and if the point of Apple Card is to be a card that doesn't try to actively screw its users over, keeping those benefits would be a major selling point.

cfabar1

cjw2001

https://www.buzzfeednews.com/article...-stolen-iphone

msp3

Will there ever be a sign-up bonus for this card? Got the notify me invite, but just can't help but think about what this card would be like if they offered a pair of AirPods for each approved account. Then again, it's not like Apple to cheapen any of their products like that...

dw

rasheed

I don't expect a SUB because the demand is already strong considering the weakish rewards program. I could see them giving away AirPods or beats device in the future if they get really low on demand. I already feel Apple has flattened the AirPods pricing consider how often various retailers put them "on-sale".

Remember, the card industry is trying to get away from SUB. That has been a massive pain point (Chase had to call out those millions from the CSR rewards costs). It seems Apple has done not only that but also removed ancillary benefits. Also, Apple is supposedly not going to spend much to replace the physical card because they don't expire.

The lack of ability to "push" payments (from your bank) is interesting, but I don't really think that is the case. Once you get your full account number from the app, program it into your favorite online bank bill pay service with the only legal address offered:
These payments are considered non-conforming, but I don't thing GS will have the ability to reject these payments.

Send your payment knowing that they will likely have to drop a check (so allow the 5-7 days instead of the 1-2 days). I recognize there are people who do not wish to give their bank information to Apple.

pdxer

The app only provides a virtual card number, which can be regenerated at any time.

The only way to get the actual card number is read the magstripe or chip, which might not be what GS uses internally for an account number.

rasheed

Thanks for clarifying. Yes, you are supposed to use your name and email address attached to your Apple Card account to identify your unique account. So, that would be the identifying info for the payment per GS. This is messy because most online bill payment don't accept @ or . characters for account numbers.

However, I am not clear how often does that virtual card number change because Apple says to use that number in the app not just for online purchases that don't accept Apple Pay, but also for recurring online transactions. Is the card number initially placed on the mag strip and EMV chip different than the virtual number shown in the app? I am not sure.

Looks like my ideas of payment outside the app are getting destroyed quickly. Thankfully I won't have this card to worry about.

vanillabean

pdxer

I doubt GS internal systems do either. Maybe there's a way to get an actual account number to push a payment. Part of whatever they use should be on credit reports.

It's a virtual number that can be changed whenever the user decides they want a new number, such as when it's been compromised.

It is.

mikesyr18

There's nothing wrong with the card just because it doesn't allow banks to push payments to it. Not paying within the app defeats the purpose of the payment calculator for many people (the part that calculates interest) and the instant payment feature that credits your payment immediately and allows you to restore your line of credit.

If you're that worried about overdrafting your account because you can't push bill payments to the Apple Card, perhaps having a credit card isn't right for you in the first place.

tmiw

What about the people who want to keep their bill pay in one place? Being able to log onto your bank's website and pay all of your bills at once is pretty convenient, IMO (although I personally don't do that).

tmiw

So yeah, here's the first report of someone having problems with the physical Apple Card (that I've heard about, anyway): https://www.reddit.com/r/AppleCard/c...ese_encounter/

Bonus: no signature line on the receipt, either. So I'm guessing the terminal properly selected "no CVM required", then, if it's apparently printing out signature lines for everyone else.

dw