Re:Apple announces Apple Card credit card
by sjwright on Tuesday March 26, 2019 @08:01AM
(#19490909)
Apple hasn't patented cash back, no fees, or ease of use. The other banks are free to copy most of these ideas if they're prepared to.
Look at the personal finance scene in the UK—it's one of the more vibrant markets for banking right now with the likes of Monzo, Revolut, Monese, and countless others. Convenience and simplicity has prior art there.
But none of them integrate as well as Apple Card. And none of the other brand are as trusted as Apple. Unless other big banks offer something similar, people will choose a well known brand that offer these capabilities and not some unknown ones.
Interesting. I thought it offer fairly good Cash Back, no Fees, no hassle, ease of use. Even if it manage to reach 10% of the US iPhone users it will be a serious damage to other CC. While I may not get the best Rebate and Points when using Apple Card, I don't think those few percentage are worth it for my privacy.