mia

This would not matter if Apple only want to read the card with the cardholder's own phone.

tmiw

Maybe, but it doesn't seem to have much an impact in my daily use. The bigger problem is that I can only tap one side of the card (but supposedly Chase fixed that on their newer ones).

tmiw

BTW, 42% of people "extremely interested" in applying for the Apple Card, with only 15% showing no interest.

https://appleinsider.com/articles/19...the-apple-card

vanillabean

mia

It's not 42% of the general population. It's 42% of iPhone users, and if informal survey means this was an online survey the results are nearly worthless due to self-selection.

tmiw

Considering that one needs an iPhone to even apply for it, I'm not sure that's necessarily a dealbreaker for a survey.

vanillabean

mia

I agree that a properly designed and executed survey of iPhone users would give Goldman and Apple an idea of how many metal card blanks to order.

Noctilum

Anyone else receive a survey from Chase asking about their thoughts on the new Apple credit card? It will be interesting to see if this changes things industry-wide. It's only a matter of time before Apple claims they invented credit cards

tmiw

Looks like some Apple employees are already getting their cards:


The magnetic stripe appears to be upside down though. I'm not sure how that'll work out in practice, but since Apple wants you to use Apple Pay instead of the actual card...

Petdog

Report: Apple and Goldman Sachs Credit Card Targeting August Launch Date
https://www.bloomberg.com/news/artic...t-release-date
July 26, 2019

"Apple and Goldman Sachs’s hotly anticipated new credit card is now just weeks away from launch, according to a person familiar with the companies. . . .

The Apple Card is targeted to launch as early as the first half of August. . . .

People who own an iPhone will be able to sign up for the card via the Wallet app, which will have built-in Apple Card support as part of the latest iOS 12.4 update. . . .


For Apple, the credit card is thought of as a way to bring in more recurring revenue from iPhone users and further enmesh them in its web of services. . . .

In addition to its stark white appearance and digital-first design, the credit card aims to entice customers with no fees, deep iPhone integration, a unique system for tracking spending and a privacy-centric approach. The product has been designed to be used primarily via Apple Pay, rather than as a physical credit card. However, the company will also issue users an actual card for merchants that don’t accept Apple Pay.

The Apple Card features a cash-back rewards structure instead of points, offering users 1% on purchases made with the physical card, 2% for Apple Pay transactions and 3% for purchases of Apple products or services."

It still seems to have mediocre rewards and, possibly, challenges for using it online. I'm curious to see the full offering. YMMV.

tmiw

My understanding is that you can go to the Wallet app on your iPhone and get the card's PAN, expiration, etc. for use online at merchants that don't do Apple Pay. If anything, I can see Apple/Goldman Sachs actually implementing 3D Secure correctly, which might make it easier to use with foreign online stores (vs. Chase and possibly other US cards).

pdxer

That generates a virtual card number, which can be optionally autofilled by Safari when making a purchase. A new number can be regenerated at any time.

The only way to get the actual PAN is swipe/dip the card.

tmiw

Still, since you have to explicitly request a new one, it should be usable at online stores that save cards (e.g. Amazon). Of course, this card isn't the best card to be using at such merchants rewards-wise, but that's a different issue.

mikesyr18

Ridiculous that the card was announced in March and it's taken this long to roll it out. Just give us a release date already... There's no need to be hush hush.