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The physical Apple Card itself doesn’t even support contactless payment, it needs to physically be swiped or inserted.
by JimmyAustin 3y ago
The physical Apple Card itself doesn’t even support contactless payment, it needs to physically be swiped or inserted.
- JumpCrisscross 3y ago> physical Apple Card itself doesn’t even support contactless payment, it needs to physically be swiped or inserted Its sole purpose is to be swiped. It's well made, but I don't think they want people using it.
- ioblomov 3y agoYup, this is reinforced by the cash rebates on transactions: 3% contactless at Apple (and participating) stores, 2% contactless at all others, and only 1% using the physical card.
- ghaff 3y agoMy understanding is that Goldman Sachs has taken something of a bath on this. I have one but it's strictly for the purpose of making Apple gear purchases.
- ericmay 3y agoI also use for T-Mobile where I get 3% back and then Apple Pay at 2% is a pretty good cash back scheme. Send that cash straight to the 4% savings account.
- ghaff 3y agoI have a 2% back Fidelity card which puts it straight into the brokerage money market (basically government securities) account which is paying around 4%.
- ericmay 3y agoYea there are lots of good options these days. The competition is great. Our financial footprint across organizations is pretty large. I'm looking to Apple to eventually allow stock trading or something similar in the wallet app or stocks app with it all linked up. It's not super Apple-y but I think they'll do it.
- kalleboo 3y agoWhat I read was that it only looks that way right now due to the method of accounting used.