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I love the app used to manage spending and paying your bill. It'll definitely be super easy to stay on budget given the fact that you'll have immediate access t
by geddy 8y ago
I love the app used to manage spending and paying your bill. It'll definitely be super easy to stay on budget given the fact that you'll have immediate access to up-to-date spending and trends, whereas if I want to do that with my Chase account, I need to login, run numbers, etc.
There seems to be a subfocus here about helping you manage your spending, which I can appreciate. The problem with ease of spending money is ease of going into debt, I think I could make this work for my wife and I fairly well, and easily at that.
Of course, the practicality of this for each person depends on their typical spending patterns and how often they can use Apple Pay in the first place. If you shop at places that don't accept it, you're pretty much out of luck.
Interesting foray into a gigantic industry that loves preying on people's inability to be responsible, though. I can think of a lot of people who could use more oversight with their spending.
- MBCook 8y agoThey give you a physical card that clearly has an EMV chip. Don’t know if it includes MSR. But you should be able to use this almost anywhere, it doesn’t depend on contactless ApplePay.
- geddy 8y agoHah! I'm an idiot. I watched the whole presentation front to back and forgot about the physical card. You are correct and they really did think of all scenarios here. I dig it.
- mikelward 8y agoThey said it doesn't have anything embossed or printed on it, and call it "beautiful", so I doubt it'll have a mag stripe.
- bradfitz 8y agoYou can see what sure looks a mag stripe at 2m58s in the video at https://www.theverge.com/2019/3/25/18277417/apple-pay-credit-card-announcement-goldman-sachs-event-2019 https://www.theverge.com/2019/3/25/18277417/apple-pay-credit... Disappointing.
- sethhochberg 8y agoThough very few and far between at this point, I'd say there are still a few times a year when I explicitly need to swipe a magstripe on my credit card - most recently a rural gas station in the California desert where I was seriously dependent on being able to fill up a tank. I think many people, myself included, would still consider a credit card without the option to fall back to magstripe a nonstarter for their primary physical payment method.
- MBCook 8y agoYou need it in case you have EMV issues as well, or for lots of older little Square payment places, or heck most gas stations.
- usaphp 8y agomy local Sees Candies don't have a chip reader and only accept swipes for some reason
- int_19h 8y agoI still see many, many places that have chip readers, but the slot is taped over with a sign saying "swipe please" or something to that effect. And I don't mean dinky shops, either.
- banana_giraffe 8y agoWhat about people that use "knuckle-busters" to make a carbon impression of the card's numbers? I have a card that has a real number, but doesn't have the embossed numbers on it, so it too wouldn't work in such a machine. To be fair, it's been years since I've run into one of those machines, so they may no longer be used, or people that use them are just used to rejecting cards they can't impression.
- sethhochberg 8y agoAs far as I know, writing down the card details manually instead of taking an imprint is a viable option.