Apple Will Reportedly Launch a Credit Card This Year

Discussion in 'HardForum Tech News' started by Megalith, Feb 23, 2019.

  1. Megalith

    Megalith 24-bit/48kHz Staff Member

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    Apple will be giving iPhone users the courage to spend money they may not have with a new credit card developed in partnership with Goldman Sachs. Slated for release later this year, “the Apple Pay card will integrate with Apple's Wallet app bringing with it extra features including money, debt, and rewards management tools.” The joint card will use Mastercard’s payment network and offer a cash back of about 2 percent on most purchases.

    [Goldman is] reportedly splashing $200 million on the card's back end infrastructure, from customer-support call centers to an internal system to handle payments. Cardholder perks will apparently include cash back of about 2 percent on most purchases and possibly even more on Apple's devices and services, which the tech giant is set to expand courtesy of an incoming news subscription service and a video streaming platform. The card will use Mastercard's payment network, which is second only to Visa in the US, according to WSJ.
     
  2. opfreak

    opfreak Gawd

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    such innovation
     
  3. ConnerLeo

    ConnerLeo n00b

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    If Apple wants to keep making money, nothing could be more lucrative than creating a financial arm of the company. Apple Bank.
     
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  4. Oldmodder

    Oldmodder Gawd

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    As i understand it they are already behaving like a bank when it come to the money they make,,,,,, that be make sure they keep as much of them to them self, and share as little as possible with "the man"

    I am glad i will be dead before the last cash transaction,,,,, at least i hope so otherwise i will be joined to another object,by an incline plane,wrapped helically around and axis
     
  5. hesho

    hesho Limp Gawd

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    and more ppl will go into debt i think.
     
  6. Dv8ted212

    Dv8ted212 n00b

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    What could possibly go wrong?
     
  7. PeaKr

    PeaKr Gawd

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    Republicans need not apply.
     
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  8. Uvaman2

    Uvaman2 2[H]4U

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    If they let Apple be a bank... Walmart will be pissed. ( Yes i know even a corner store can have a credit card)
     
  9. Twisted Kidney

    Twisted Kidney 2[H]4U

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    Can't sell phones? Sell debt!
     
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  10. Chris_B

    Chris_B [H]ardness Supreme

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    200% apr? :p
     
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  11. Patton187

    Patton187 Gawd

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    Seriously, getting crazy with Mastercard
     
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  12. notarat

    notarat [H]ard|Gawd

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    Clerk: Sir. That'll be $38.50
    Bob: Swipes Apple Credit Card
    (Card Declined)
    Bob: Swipes Apple Credit Card
    (Card Declined)
    Bob: Swipes Apple Credit Card
    (Card Declined)
    Bob: Swipes Apple Credit Card
    (Card Declined)
    Bob: Siri, Call Apple Credit
    Bob: presses 1 for english
    Bob: presses 1 to Confirm
    Bob: presses 3 for CardHolder Services
    Bob: presses 1 to Confirm
    Bob: enters 16 account number
    Bob: presses 1 to Confirm
    Bob: presses 4 to talk to agent
    Bob: presses 1 to Confirm
    Bob: My card seems to be getting declined even though I know I have credit available
    Agent: You're holding it wrong. Now piss off.
    Click
     
  13. NeoNemesis

    NeoNemesis 2[H]4U

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    You think Walmart doesn't have a CC?
     
  14. AceGoober

    AceGoober Live! Laug[H]! Overclock!

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    Get an Apple Credit Card then buy components to build a PC with it. :ROFLMAO: :D
     
  15. DTN107

    DTN107 [H]ardness Supreme

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    Let the Apple hate rain in.

    Don't be jelly now guys.
     
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  16. pmrdij

    pmrdij Limp Gawd

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    They should adapt this for their customer base since the logic of it will zing by their followers:

     
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  17. ir0nw0lf

    ir0nw0lf [H]ardness Supreme

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    "What's in *your* wallet?" :p
     
  18. Sycraft

    Sycraft [H]ardness Supreme

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    Eh, depends. Financial services are not always a great money maker. Target ran their own bank for a good bit and for a time it made a lot of money but then things started sliding in relation to costs and they sold it off.
     
  19. blackacidevil

    blackacidevil Gawd

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    Credit cards are rectangular with rounded corners. How soon before Apple takes Visa/MC/Amex etc. to court for patent infringement?
     
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  20. LBJM

    LBJM Limp Gawd

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    For the iIdiot out there this would be perfect. People are talking about this while they ignore apple trying to push the eSIM.