topic Re: apple pay in Personal Finance

apple pay

red259 — Wed, 02 Sep 2015 00:00:06 GMT

I have an iphone and was looking at apple pay because it was mentioned when I was looking at my amex account. Does anyone use this? is it worth it? It does not seem like a big deal for me to just pull out my credit card and swipe, but maybe I am missing something. Is there another benefit to using it other than not having to carry the physical card?

Re: apple pay

kdm31091 — Wed, 02 Sep 2015 00:15:10 GMT

I dont see the big time saver or convenience personally. Not a big deal to just swipe your card.

Also. Even if you switch, you still should carry the physical card for backup. Not nearly everyone takes apple pay.

Re: apple pay

Bmac66 — Wed, 02 Sep 2015 00:17:46 GMT

Apple Pay doesn't use your real account number so there's no risk of somebody getting your card number. When you swipe there is always that risk. Applie pay is much more secure.

Re: apple pay

-Cal- — Wed, 02 Sep 2015 00:18:13 GMT

I use mine fairly often. I run across a lot of places in los angeles that accept contactless payment. Its been useful a few times where I've shopped at a place where I could earn a better bonus/reward with a card I didn't physically have on me but was in my passbook. I wish they allowed more than 8 cards, they need to expand that ASAP.

Re: apple pay

slicemans — Wed, 02 Sep 2015 00:27:57 GMT

It is more secure than mag strip cards. But the problem is not many stores in my area accept it.

Re: apple pay

Anonymous — Wed, 02 Sep 2015 00:31:24 GMT

I would add all Amex cards you have to apple pay even if you don't plan on using them. The reason being Amex sends you instant push notifications even when you don't use apple pay to make the purchase. This is a good way to keep track of spending and monitor fraud. I wish other banks would implement this feature.

Re: apple pay

red259 — Wed, 02 Sep 2015 00:39:59 GMT

@Anonymous wrote:
I would add all Amex cards you have to apple pay even if you don't plan on using them. The reason being Amex sends you instant push notifications even when you don't use apple pay to make the purchase. This is a good way to keep track of spending and monitor fraud. I wish other banks would implement this feature.

Yea just noticed that. Does applepay only work with amex or is it just that amex is the only one who does the push notification?

Re: apple pay

Ghoshida — Wed, 02 Sep 2015 00:47:30 GMT

@red259 wrote:
@Anonymous wrote:
I would add all Amex cards you have to apple pay even if you don't plan on using them. The reason being Amex sends you instant push notifications even when you don't use apple pay to make the purchase. This is a good way to keep track of spending and monitor fraud. I wish other banks would implement this feature.
Yea just noticed that. Does applepay only work with amex or is it just that amex is the only one who does the push notification?

Apple Pay works with multiple banks as of now, e.g. Cap One, Chase, Barclays, US Bank etc. I believe Discover is not on it yet although they are supposed to be on this Fall.

The Push notification is also there with multiple cards e.g. Cap One and Chase but with AMEX I believe the unique factor is notification for non-Apple Pay charges as well. That way it's similar to Mint, except it refreshes immediately

Cap One is peculiar - they want you to install Cap One Wallet as well.

I had Apple Pay on my last iPhone but then I got it water damaged; have been too lazy to set it up. My wallet has become too thick for me to handle it easily. Apple Pay helps.

And yes, 8 cards is far too LESS. Please expand it to 20 cards or more. Apple, you listening? (I did send this feedback in, dunno if ever anyone will listen. They make a ton of money anyway ! )

Re: apple pay

Anonymous — Wed, 02 Sep 2015 00:48:19 GMT

@red259 wrote:
@Anonymous wrote:
I would add all Amex cards you have to apple pay even if you don't plan on using them. The reason being Amex sends you instant push notifications even when you don't use apple pay to make the purchase. This is a good way to keep track of spending and monitor fraud. I wish other banks would implement this feature.
Yea just noticed that. Does applepay only work with amex or is it just that amex is the only one who does the push notification?

Here is a list of all participating banks: https://support.apple.com/en-us/HT204916

Amex is the only one that does the notification as far as I can tell.

Re: apple pay

Anonymous — Wed, 02 Sep 2015 00:53:32 GMT

@Ghoshida wrote:
@red259 wrote:
@Anonymous wrote:
I would add all Amex cards you have to apple pay even if you don't plan on using them. The reason being Amex sends you instant push notifications even when you don't use apple pay to make the purchase. This is a good way to keep track of spending and monitor fraud. I wish other banks would implement this feature.
Yea just noticed that. Does applepay only work with amex or is it just that amex is the only one who does the push notification?
Apple Pay works with multiple banks as of now, e.g. Cap One, Chase, Barclays, US Bank etc. I believe Discover is not on it yet although they are supposed to be on this Fall.

The Push notification is also there with multiple cards e.g. Cap One and Chase but with AMEX I believe the unique factor is notification for non-Apple Pay charges as well. That way it's similar to Mint, except it refreshes immediately

Cap One is peculiar - they want you to install Cap One Wallet as well.

I had Apple Pay on my last iPhone but then I got it water damaged; have been too lazy to set it up. My wallet has become too thick for me to handle it easily. Apple Pay helps.

And yes, 8 cards is far too LESS. Please expand it to 20 cards or more. Apple, you listening? (I did send this feedback in, dunno if ever anyone will listen. They make a ton of money anyway ! )

Yes sorry if I wasn't clear. ALL cards send push notifications if you make the purchase will apple pay. Amex does it with all purchases made on the card period.

Discover should be added in a few weeks when ios 9 comes out. I believe they will up the amount of cards allowed too with ios 9.

Re: apple pay

TrueGeminiNC — Wed, 02 Sep 2015 00:56:25 GMT

I love ApplePay. My iPhone has almost replaced my wallet as well as completely replaced the need to carry keys for my home.

ApplePay in my opinion is more convinient than having to pull out my wallet considering I am generally carrying my phone in my hand responding to text/emails. Also, it is highly likely that I will leave my wallet at home before my phone.

Also, as mentioned previously - the account number assigned to your device is different vs. your phsyical card so there is an added level of security.

Re: apple pay

taxi818 — Wed, 02 Sep 2015 00:57:22 GMT

@Bmac66 wrote:
Apple Pay doesn't use your real account number so there's no risk of somebody getting your card number. When you swipe there is always that risk. Applie pay is much more secure.

Exactly. it creates a very unique card number of many digits that is used in place of your credit card. and it is dynamic. so very secure. but there are not many places up to date that actually use it. Mcdonalds and

Walgreens does. but i can't find many that is ready for it yet. i even have it on my apple watch. but rarely used.

Re: apple pay

TrueGeminiNC — Wed, 02 Sep 2015 01:03:00 GMT

http://www.apple.com/apple-pay/where-to-use-apple-pay/

Re: apple pay

ddemari — Wed, 02 Sep 2015 04:03:46 GMT

apple pay looks really cool on my iphone ive only used it at Stapples so far. But its a cool option. pretty easy and seemless in my first trial run.

Re: apple pay

Anonymous — Wed, 02 Sep 2015 04:09:53 GMT

I don't use that crap. I'd rather carry a minimal amount of cards.

Re: apple pay

ddemari — Wed, 02 Sep 2015 04:12:23 GMT

Its a pure novalty. does not make my shopping experience easier or harder. just somthing else to play with on iphone.

Re: apple pay

toothgrind3r — Wed, 02 Sep 2015 13:55:36 GMT

Amex sends you instant push notifications even when you don't use apple pay to make the purchase. This is a good way to keep track of spending and monitor fraud. I wish other banks would implement this feature.

THIS! +100

I love that about my Amex cards and Apple Pay. My daily driver is my Venture though, and even though CapOne's app will give you the same notifications...I would love if it was all in one place (Passbook).

Re: apple pay

onstar — Wed, 02 Sep 2015 15:37:05 GMT

I use it. Not to replace my credit cards but as a backup just in case.

For example, if you want to go running, and you have your iPhone with you (for tracking distance, music) but no wallet. And you stop by a store to pick up something. No wallet, no problem. Now you can pay with your phone.

Or if you only carry 3 cards in your wallet, and you want to use that other card that gives your 5% back. If that 5% card is in your phone, then voila!

Re: apple pay

Bmac66 — Wed, 02 Sep 2015 15:40:56 GMT

It's just finding a place that actually has Apple Pay is the problem for me.

Re: apple pay

kdm31091 — Wed, 02 Sep 2015 15:46:39 GMT

@onstar wrote:
I use it. Not to replace my credit cards but as a backup just in case.

For example, if you want to go running, and you have your iPhone with you (for tracking distance, music) but no wallet. And you stop by a store to pick up something. No wallet, no problem. Now you can pay with your phone.

Or if you only carry 3 cards in your wallet, and you want to use that other card that gives your 5% back. If that 5% card is in your phone, then voila!

This works if everywhere you go has Apple Pay but that's not the case at this point. Plenty of places don't take it.

What's the difference really between carrying a phone and a wallet? Yes for the niche example you provided, if one is a runner and not carrying their wallet, ok...but your phone is far more likely to be damaged while running vs a wallet. So what's the better thing to be carrying in that situation?