Is Apple the new disrupter?

northGAcock

Interesting (but understandable) that they are crossing over into the credit world. Learn more here.

https://www.apple.com/apple-card/how-it-works/

Dobie

I hope so, I’m invested in AAPL

DoubleEgger

No. Perhaps a minor player in this but not a disrupter in my opinion. I can see them trying to give me “Apple Bucks” instead of miles and cash back. 

DoubleEgger

DoubleEgger said:

No. Perhaps a minor player in this but not a disrupter in my opinion. I can see them trying to give me “Apple Bucks” instead of miles and cash back. 

Ha! I didn’t scroll all the way through the article the first time. Hit the nail on the head. 

lousubcap

Is this where I should inquire if my next cell phone (with a much better camera-but it is the operator...) should be an iphone or stick with android (Samsung)??   The issue is not worth its own thread and I am not hard-over with either option. 

northGAcock

lousubcap said:

Is this where I should inquire if my next cell phone (with a much better camera-but it is the operator...) should be an iphone or stick with android (Samsung)??   The issue is not worth its own thread and I am not hard-over with either option. 

Brother Frank......this is off topic....you can ask anything you want (well except if it is to see naked breast, discuss politics, name calling, Komoda Juniors, Delivery Companies......well nevermind.)

You have a valid question.

 

HeavyG

DoubleEgger said:

DoubleEgger said:

No. Perhaps a minor player in this but not a disrupter in my opinion. I can see them trying to give me “Apple Bucks” instead of miles and cash back. 

Ha! I didn’t scroll all the way through the article the first time. Hit the nail on the head. 

"Apple Bucks" = Daily Cash which is no different than other cash back deals with other credit cards. You can spend "Daily Cash" however you want. If you want to get the cash you can just send it to your bank account.

fishlessman

i dont think i trust this

alaskanassasin

So if I buy $100,000 in apple products I can get $3,000 back!!!??

  Sign me up!

johnnyp

Their angle is less likely to be disruptive in the consumer space, but data acquisition and consumer behavior monitoring.

I suspect that Apple has found an advantageous way to curate purchasing information by using phone data. Could be GPS, app data or something else entirely.  

Cornholio

I’ll stick to my Marriott AMEX..  

cookingdude555

Debit card here.  No thanks.

Botch

lousubcap said:

Is this where I should inquire if my next cell phone (with a much better camera-but it is the operator...) should be an iphone or stick with android (Samsung)??   The issue is not worth its own thread and I am not hard-over with either option. 

While not a fanboi, all my home computers are Apple.  But I don't own an iPhone, they're just too ridiculously expensive for what I use a phone for.  I have an Android LG something-or-other that I paid, what, $60 for?  ... and a Tracfone account that costs $99/year; that's per year, not per month.  I get googlez mapz, and it interfaces with my car, it has an okay camera (I do have $OMG invested in Nikon gear).  I just don't need anything more.  
I do have to learn two different operating systems, but each get closer and closer to each other as they steal from each other, that's not a big issue even for a dummy like me.
FWIW.  

1911Man

I avoid all things [cr]apple at all costs. 

SonVolt

cookingdude555 said:

Debit card here.  No thanks.

Always spend other people's money and settle up at the end of the month. You miss out on a lot of perks by using a debt card, plus it's more risky since it's directly tied to your personal bank account. I don't care if someone steals my Visa card number... it ain't my money. 

cookingdude555

SonVolt said:

cookingdude555 said:

Debit card here.  No thanks.

Always spend other people's money and settle up at the end of the month. You miss out on a lot of perks by using a debt card, plus it's more risky since it's directly tied to your personal bank account. I don't care if someone steals my Visa card number... it ain't my money. 

I will leave the perks to you. I keep my debit card account poorly funded (now), and move money as needed. Debit cards have the same protection from fraud that credit cards do, they are issued by the same card companies. Someone had a $4000 spending spree on mine once before my bank shut it down. My bank returned the funds after a weeklong investigation was conducted by MasterCard.

If you like borrowing for your needs, I say go for it. It’s just not for me. 

Ozzie_Isaac

I'll stick with Diners Club.

On topic of phones, go with a Google Pixel 3.  Iphones are way over priced.  With Googles phone you can buy this and next generations phone for the price of one Iphone.

(My wife and kids all have IPhones .... I use android.)

Legume

SonVolt said:

cookingdude555 said:

Debit card here.  No thanks.

Always spend other people's money and settle up at the end of the month. You miss out on a lot of perks by using a debt card, plus it's more risky since it's directly tied to your personal bank account. I don't care if someone steals my Visa card number... it ain't my money. 

If you use the Costco visa it doubles your Christmas tree warranty from 7 to 14 years.

Wolfpack

SonVolt said:

cookingdude555 said:

Debit card here.  No thanks.

Always spend other people's money and settle up at the end of the month. You miss out on a lot of perks by using a debt card, plus it's more risky since it's directly tied to your personal bank account. I don't care if someone steals my Visa card number... it ain't my money. 

I do the same and pay my card off every month, but apparently there are studies that say it does matter. You apparently spend more with credit cards than when buying with cash- much more than the 1-3% you get back in rewards. 

https://www.google.com/amp/s/www.psychologytoday.com/us/blog/the-science-behind-behavior/201607/does-it-matter-whether-you-pay-cash-or-credit-card%3famp

JohnInCarolina

If you use a credit (or debit) card regularly and watch yourself stick the card with the chip into various readers throughout the day, and you don't think that's going to change/evolve, then you're just not thinking that hard.  

alaskanassasin

@cookingdude555 you are not alone!  “What’s in your wallet?” money!

alaskanassasin

I also use a local bank and they know my name, I don’t fill out deposit slips etc. they do all that and if I have a problem the manager handles it.

DoubleEgger

cookingdude555 said:

SonVolt said:

cookingdude555 said:

Debit card here.  No thanks.

Always spend other people's money and settle up at the end of the month. You miss out on a lot of perks by using a debt card, plus it's more risky since it's directly tied to your personal bank account. I don't care if someone steals my Visa card number... it ain't my money. 

I will leave the perks to you. I keep my debit card account poorly funded (now), and move money as needed. Debit cards have the same protection from fraud that credit cards do, they are issued by the same card companies. Someone had a $4000 spending spree on mine once before my bank shut it down. My bank returned the funds after a weeklong investigation was conducted by MasterCard.

If you like borrowing for your needs, I say go for the it. It’s just not for me. 

I used to have the same mindset as you. Now I make an extra $1000 or so every year and nothing really changed. Never pay a dime in interest...

six_egg

I use a credit union debit card. I get cash back on my debit card. 

cookingdude555

DoubleEgger said:

cookingdude555 said:

SonVolt said:

cookingdude555 said:

Debit card here.  No thanks.

Always spend other people's money and settle up at the end of the month. You miss out on a lot of perks by using a debt card, plus it's more risky since it's directly tied to your personal bank account. I don't care if someone steals my Visa card number... it ain't my money. 

I will leave the perks to you. I keep my debit card account poorly funded (now), and move money as needed. Debit cards have the same protection from fraud that credit cards do, they are issued by the same card companies. Someone had a $4000 spending spree on mine once before my bank shut it down. My bank returned the funds after a weeklong investigation was conducted by MasterCard.

If you like borrowing for your needs, I say go for the it. It’s just not for me. 

I used to have the same mindset as you. Now I make an extra $1000 or so every year and nothing really changed. Never pay a dime in interest...

I used to have the same mindset as you. My wife and I used  our Costco amex for everything, paid it off every month. We “earned” thousands of dollars over years of doing this. But we learned we would spend more than we would when using cash only. I have more money now by using cash than I did earning “rewards”. Do what is best for you. 

rekameohs

northGAcock said:

Interesting (but understandable) that they are crossing over into the credit world. Learn more here.

 Just don't put the card in non-compatible places like your wallet or pants pocket.

https://techcrunch.com/2019/08/21/how-to-protect-and-clean-your-apple-card/

To me, Apple is like Bose - marketing geniuses, making good, but severely overpriced products.