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A comment on Apple introduces Apple Pay Later. Parent comment

Re:Apple introduces Apple Pay Later by azinman2 on Tuesday March 28, 2023 @07:46PM (#35349784)
None have privacy guarantees, and usually those rates are extremely subject to change, require quarterly activation, variable APR, high foreign transaction fees, or many other annoyances.
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Re:Apple introduces Apple Pay Later by commoner on Wednesday March 29, 2023 @05:29AM (#35354682)
> None have privacy guarantees

The Apple Card's issuer (Goldman Sachs) and payment network (MasterCard) retain just as much transaction information for the Apple Card as they do for any other credit card.[1]

[1] https://www.engadget.com/2019-08-30-apple-card-privacy-adult...

> usually those rates are extremely subject to change, require quarterly activation

That's not true. I'm not aware of any US credit card offering 2% cash back on all purchases that regularly changes this 2% rate or requires quarterly activation for the 2% rate. If you can name even one 2% cash back card that does this, please do.

> variable APR

The Apple Card also has a variable APR. The Apple Card Customer Agreement says that the APR is "15.49% to 26.49% when you open your account" and "After that, this APR will vary with the market based on the Prime Rate."[2]

[2] https://www.goldmansachs.com/terms-and-conditions/Apple-Card...

> high foreign transaction fees

The Bread Cashback Card (American Express) and SoFi Credit Card (MasterCard) manage to offer 2% cash back on all purchases with no foreign transaction fee or annual fee.

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