Closed my Facebook account yesterday 
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Ok thanks! In the US, interchange fees are not capped for both credit and debit cards?
I guess that’s a way for Apple to make money. 2 questions in my mind though:
_if the fee is split between the card network + issuing bank, for Apple it will be split between MasterCard and GS right? As GS is issuing the card. So Apple won’t earn a lot?
_Apple says 1%-3% daily cashback, how on Earth are they going to make money with Apple Card?
The actual card number and verification codes are in the Wallet app. They made a point of saying as well that buying something via a website would auto fill the card details in Safari which is already possible.
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Sounds exactly like something Apple would do.
Interested to see if they charge for the card…
Just interested in what people think? This certainly might effect Monzo’s ability to move into the US?
No more so than any other credit card I’d have thought.
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They’re certainly not capped anywhere near as low as the EU.
I don’t know what the splits are on this card and I’m not able to state numbers but in general, US Premium Credit interchange is significantly higher than say, UK Standard Debit.
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Man! The US banking system is rough
I’m actually jealous of Apple users now.
There’s a new elephant in the room: https://www.apple.com/apple-card/
I’m worried about the impact of this on Monzo’s US expansion plans 
Also their device-locally managed budgeting UI looks amazing.
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I’ll believe it when I see it
circa 2029 
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I would sign up in a heartbeat. It looks beautiful and functional. If Monzo were thinking about a credit card, this is the new standard!
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At the risk of fruit heresy against Apple (I am an iOS user) what’s the attraction?
I already have more card credit than I can possibly use so why would I want some more from Apple (discounting the cashback rates which wouldn’t work here). Yes, the card looks nice but it lives in my wallet, not a display case.
(Bear in mind I said similar things about iPads until I got one.)
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Once launched in the UK, the cashback rate MAY be a reason, but it may not be as feasible here. It’s a very US-centric system too, that card doesn’t even have a chip in it…
So may be a bit of a banana skin in the UK market, ohh dear a fruit pun, I better (man)go.
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There’s a chip on the right hand side
Or maybe a pip 
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Will definitely be first in line if this comes to the UK. No fees, 2% cash back in actual cash, daily, is a big draw for me. The app looks excellent, the card is probably the best looking card on the market (sorry Monzo), and having the ability to forward on the cash back opens many possibilities (like paying off other debts, contributing to Mortgages etc. if integrated properly).
Excited to see this push others to improve their offerings.
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As already stated numerous times, don’t rely on that cashback rate over here.
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The US doesn’t have chip and PIN AFAIK, so god knows what use it’ll be if not contactless.
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The simple fact that’s it’s a credit card. I don’t buy things with my Monzo debit card so miss out on all the instant notifications and categorising of spend. This would replace my Amex which integrates quite well with Apple Pay but nowhere close to this.
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“But the perks of using the physical card aren’t as good as the digital version — Apple will only offer 1% cash back when customers use the physical Apple Card, and the card is reportedly not contactless like many newer credit cards.” via Business Insider
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