I spent a few days hopping around New York City last week, trying to keep my wallet in my pocket. It wasn’t that I was on a tight budget. But I was testing the Apple Card, the new credit card from Apple
, and according to its reward program, that’s the most lucrative way to shop. Introduced back in March
, the Apple Card is now generally available to anyone with an Apple mobile device
who wants to apply.
If you use the Apple Card via the wireless, contactless Apple Pay system that is becoming increasingly popular with iPhone owners and businesses alike, you get a fairly generous return on every purchase of 2% cash back, no strings attached. That’s a bonus which lines up with the best credit cards around, from major issuers like JP Morgan Chase and Bank of America
So when I grabbed a cup of coffee and a cookie at a cute bakery on the Upper West Side, for example, paying with the Apple Card through my iPhone earned me an almost immediate refund of 11 cents on my $5.63 purchase. (The cookie was good, too.) Later, after traipsing around on a hot summer day, I picked up a $2.87 bottle of water at CVS
, also using wireless Apple Pay. Along with the hydration, I scored 6 cents cash back.
A big difference between this credit card and its competition is that unlike other rebate cards, the Apple Card’s cash reward appears almost immediately after the purchase is processed. To access these funds, you simply open the Wallet app on your iPhone, which is the home of Apple Card itself, showing your current balance, recent transactions, and other info updated in almost real time. The Wallet app also displays your “Daily Cash Balance.” These funds can be spent like a debit card on purchases using the digital Apple Pay Cash card, sent to a friend via Apple Pay, or even used to partially pay off the balance on your Apple Card.
There’s another, better benefit to using the Apple Card: Paying for purchases from Apple using the digital credit card earns 3% cash back. For example, my family’s $5 per month _New York Times_cooking app subscription now brings back 15 cents each month. And the $120 a year I pay for a family iCloud storage plan earns $3.60 in rewards. And if I decide finally to upgrade my aging MacBook Pro with the rumored 16-inch model coming later this year
(please revamp the keyboard, Apple!), the cash back perk will be even more substantial—$90 on a $3,000 purchase, for example. There’s no other way to get such high rebates on purchases directly from Apple (though some cards affiliated with retailers like Target
will give 5%, if you’re buying Apple hardware sold at those outlets).
Taking a swipe at other cards
When using the Apple Card at establishments that aren’t set up for app-enabled, contactless payments, things get markedly less magical. To start, you have to pull the (admittedly cool looking white, titanium) Apple Card out of your wallet—and that can be a drag. Then, the rebates drop to just 1%, lagging competing cards.
A fair counterpoint, however, to the meager 1% cash back on physical card swipes is that Apple also forgoes fees that other cards charge. Apple Card has no annual, over-limit, late, or foreign exchange fees. And that’s great, because those can add up. For instance, imagine if I spent $1,000 over the course of a month on a competing card to get $20 cash back, instead of the $10 I’d get from swiping my Apple Card. Every other credit card I know of charges late fees—and one $35 late fee would quickly wipe out that $20 cash back reward, and then some. Foreign exchange fees can also add up quickly (though there are other credit cards, particularly those affiliated with airline rewards programs, that also forgo forex fees).
Assessing whether the Apple Card makes financial sense for you
, therefore, requires making assumptions about how much you spend with Apple (including all your iTunes purchases and subscriptions), how often you’re able to use mobile payments, and how often you typically trigger the fees that Apple doesn’t charge.
For me, it certainly makes sense for all my Apple purchases and when I’m paying via mobile. But Apple also just added Uber
as 3% rebate partner—a perk for its cardholders—and future partnerships like this could make the Apple Card more attractive at more businesses.
Even when you’re not rebate hunting or avoiding fees, the Apple Card feels like a futuristic, if long overdue upgrade to spending on plastic in the 21st century.
The application process, within the Wallet app on an iPhone or iPad, takes just a few minutes and, if you’re approved, the card is added as an option in Apple Pay immediately. The white, titanium physical card is optional, but came via FedEx
within a few days after I requested one. Activating the card was as simple as holding it near my phone with the Wallet app open.
Every transaction quickly appears listed in the Wallet app on my iPhone, with a categorization (like “transportation” or “food and drink”) along with the rate of cash back I received (3% for spending with Apple, 2% for mobile payments, and 1% for everything else). Tap on any transaction, and Apple shows on a map exactly where you made the purchase. For some stores, like that CVS where I got the water, there’s even a deeper link, with all kinds of info about the business, like the phone number, hours of operation, and customer reviews. Apps for my other credit and bank cards aren’t nearly so nimble.
With a couple of teenagers out in the wild using our family credit card, it can be hard to identify who spent what where, with the typically meager information provided by the credit card company, so the geo-location info is fantastic. Of course, I can’t yet opt to switch the whole family to the Apple card—there’s no option yet to add additional cardholders to my account (a feature available with every other card I’m aware of).
Another potential perk: Apple has committed to not share cardholders’ spending data with marketers, a promise partner Goldman Sachs
has also agreed to.
Another thing that could be added to the Apple Card later is discoloration, apparently. A close reading of the card’s care instructions has prompted concern that its white, titanium material may lose its luster when housed in leather wallets
, or after rubbing against other cards. But after my initial week of Apple Card use—mostly through the app, which provides the best incentives—I can report that my “plastic” remains pristine.
With version 1.0 of the Apple Card, it’s a little hard to square the product with Apple CEO Tim Cook’s assertion of “the most significant change in the credit card experience in 50 years.” But for people who spend a lot with Apple, it’s a solid addition to your wallet—at least your mobile one.
More must-read stories from Fortune:
—[A rare tech company where women dominate
CEO: VR training helped save lives
in the El Paso shooting
—Can Apple afford to make its streaming video service
—How to compete with technology in the [age of automation
) won’t be available on the most popular streaming devices
Catch up with Data Sheet
, _Fortune_‘s daily digest on the business of tech. * More Details Here
I was reading the foam board tutorial and the forex /plastic card part looks really cool and I would like to incorporate some of these techniques into builds. However, I can't find "forex" as a product, is it the same as the pvc sheets you can buy at home depot? submitted by
Also, what material are the plastic cards?
Hi guys, I'm an avid redditor and the creator of the ZipSeam. The idea first came to me when I got a super baggy shirt at work and couldn't justify paying $20 to tailor it when I had a ton of student loans. https://s3.amazonaws.com/ksassets/001/755/542/3eb4b7936f51136b3cd7956c4d8ad2c8_large.jpg?1394925933
(slim fit shirts just aren't slim enough)
After googling how to take in a shirt, I figured I just needed something to replace the side seam of a shirt. My initial prototype consisted of 2 wooden strips that would run down the length of the shirt and would lock into each other via pins/nails. It was way too rigid and I put the project on hold for the longest time.
After getting laid off, I had a ton of free time and looked into forex, technical stock trading, programming, and finally back to my idea from a year ago. Whilst driving one day, it occurred to me I could use a plastic tube to house the fabric from the shirt and lock it in using another inner tube, and thus the ZipSeam was born.
I went out to Menards and bought some tubing. First, I tried to use a razor, that went poorly; then I moved to a heated razor (stovetop), couldnt keep a straight line; finally I used a table saw and feared for my fingers every second it was on.
I experimented some more with different materials and cuts in the tube and arrived at the working prototype I have today. After getting quotes from a bunch of manufacturers, I determined my cost and launched a modest Kickstarter project aiming to raise $2500, fully planning to fund the difference in cost of tooling out of pocket if I reached 2500. With no PR or marketing, ZipSeam has shattered it's goal and has reached over $52000 and over 2700 backers. https://www.kickstarter.com/projects/zipseam/zipseam-instantly-tailor-your-clothes
5mm Forex Classic White Foam PVC Sheet; Forex Classic is the No. 1 sheet in the Forex product family having the best mechanical properties and a top-grade surface quality with a high density and improved rigidity; Forex Classic sheets can be fabricated mechanically without any problem and can also be thermoformed for 3-dimensional applications ; Fine, close homoeneous cell structure; Smooth ... It looks like it is a brandname for a specific signage material - FOREX classic is an expanded rigid plastic sheet with a particularly fine and homogenous cell structure and silky matt surfaces. FOREX°classic is lightweight •FOREX°classic has silky mat surfaces •FOREX°classic has a closed homogeneous cell structure •FOREX°classic is difficult to ignite and self-extinguishing (B1, M1 ... FOREX ® classic ist die Premium-Platte in der FOREX ®-Produktfamilie mit besten mechanischen Eigenschaften und höchster Oberflächengüte.Die feinzellige, homogene Schaumstruktur sowie die gleichmäßige, seidenmatte Oberfläche machen FOREX ® classic zum idealen Material für hochwertige und längerfristige Anwendungen im Innen- und Außenbereich. . FOREX ® classic PVC Hartschaumplatten ... Forex® is a lightweight plastic; as it weighs less than half a gram per square centimetre. Foamed PVC weighs half as much as solid PVC, making it easy to handle and a choice material for advertising and sign making. Especially, since Forex® PVC boards are also suitable for several printing methods. Many advertising signs in stores are made of foamed PVC. The surface of the material is smooth ... 1,081 forex material products are offered for sale by suppliers on Alibaba.com, of which plastic sheets accounts for 21%, pvc accounts for 1%. A wide variety of forex material options are available to you, such as pvc, pp, and acrylic. You can also choose from cutting forex material There are 302 suppliers who sells forex material on Alibaba.com, mainly located in Asia. The top countries of ... Material plastic pe baza de PVC de culoare alb-mat, colorat in masa, cu o foarte buna rezistenta si capacitate buna de prelucrare. In urma taierii CNC cantul este perfect la 90 grade. Placile cu grosime mai mica de 4 mm au o rigiditate scazuta. Se preteaza pentru detalii de pana la 2 mm latime. Elementele mai mici se vor deforma. Forex. Planchas de PVC espumado. Grosores 1mm, 2mm, 3mm, 4mm, 5mm, 10mm y 19 mm. Colores en 3mm y 5mm. Se cortan a medida FOREX®, des panneaux PVC blancs et fins en mousse expansée rigide.La famille de produit FOREX® offre un grand choix de panneaux légers haut de gamme pour les applications intérieures et extérieures avec une profondeur d'offre importante. Les souhaits individuels sont également les bienvenus : Les couleurs spéciales, les emballages spéciaux et même la production selon les ... Forex foam boards should be cut using a carbide-tipped circular saw blade with teeth suitable for plastic work. The cutting speed should be up to 3000 m/minute depending on the density and tooth configuration of the saw blade; the feeder rate should be about 30 m/minute. Metal drill bits and, when larger diameters are required, round hole cutters or centre bits can be utilized. The cutting ... FOREX® stands for fine, white rigid foamboards made of PVC.The FOREX® product range offers a wide choice of light, high-quality sheet materials for indoor and outdoor use in a wide-ranging portfolio. Individuality is also welcome: Special colours, special packaging and even customer- specified production are all part of the FOREX® service.
Foamex PVC is one of the most simple plastics to work with, as unlike many materials it can be easily cut with a knife and safely drilled without splitting. ... In this video, you'll be guided step by step through the process of fitting Fortex external cladding from Freefoam, that is available in several colour optio... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Video introduttivo al FOREX, cos'è, dove si trova e come lo si lavora. Se vi è piaciuto il video lasciate un like e inscrivetevi al canale per seguire i miei... Good day! In this video, I'm sharing something that worked for me to make transparent and semi-transparent plastic in Blender for Cycles engine. It's a very ... This move will show you how to prepare and paint PVC board. PVC Board can be known under many trade marked names such as Foamex, Forex, Palight and there are... In this video we put Foamex PVC Boards into the spotlight and take a look at what properties make them such an ideal signage material. Short for Polyvinyl Ch...