Payments

Fintech Twitter reacts to #AppleCard

  • Twitter reacts to the announcement that Apple is serious about credit cards.
  • Losing no time, people found the card's weakest spots.
close

Email a Friend

Fintech Twitter reacts to #AppleCard

Well, that didn't take long. As people assimilate the announcement Apple made about its imminent Apple Card, fans and haters alike have taken to Twitter to air their (frequently funny) feelings.

Many people are excited about Apple Card and it does elicit all kinds of responses. The benefits for the end user are debatable, but it's clear that Apple Card is really good for Apple.

The Apple Card's neat physical attributes

The new Apple Card design is minimalistic and the card made of Titanium doesn't display the cardholder's name or credit card number on the physical card.

Challenger bank Revolut called Apple out for designing a card that looks quite similar to Revolut's own card.

Even if Apple ripped off Revolut's design, maybe Apple Card looks better?

Apple employees do keep secrets really well, don't they? A fair number of tweets compared the Apple Card to Magnises, the credit card/social club scam that Fyre Fest grifter Billy McFarland came up with before the disastrous music festival.

Comparing Apple's reveal of the Apple Card to this scene from American Psycho just speaks for itself.

Apple ups the luxury ante

People on Twitter poked fun at Apple's trend toward the luxury end of products and experiences. Here again, a poke at Magnises.

Who but Apple could everyone so excited about a credit card?

Outside of an occasional outlier, like the Chase Sapphire card when it first launched, it's hard to get consumers excited about a debt product. With Apple, not so.

Where does the card fit into the Apple ecosystem?

Apple Card helps to solidify Apple's walled garden approach, funneling and locking in money throughout the ecosystem.

No fees, low interest rates...really?

Apple touted its sensitivity to expensive cards that are full of fees. Apple Card is supposed to do away with these fees and provide a low interest rate.

Some people saw an Apple Card as just a way to eke out more money per user for a company that's lost its product mojo.

0 comments on “Fintech Twitter reacts to #AppleCard”

Payments, Power of Payments Podcast

Power of Payments Ep. 22: ‘Frankly, the most important asset for SMB owners is time’ – Chase’s Brad Brodigan

  • Brad Brodigan, managing director and global head of SMB payments at Chase, joins host Ismail Umar on this week’s podcast.
  • He discusses the most important trends he’s seeing in SMB payments, the kinds of attributes SMBs look for in a payment processor, and how their needs differ from those of enterprise and retail customers.
Ismail Umar | January 27, 2023
Member Exclusive, Payments

Payments Briefing: On Gen Z’s changing relationship with digital payments

  • This week, we talk about Gen Z’s changing preferences when it comes to sending and receiving money digitally.
  • We also discuss PayPal’s evolving BNPL strategy in a crowded market.
Ismail Umar | January 19, 2023
Payments, Power of Payments Podcast

Power of Payments Ep. 21: 10 predictions for the payments industry in 2023

  • In the first Power of Payments episode of 2023, we discuss what the near future looks like for the payments industry.
  • Here are 10 trends that are likely to shape the payments landscape this year.
Ismail Umar | January 13, 2023
Payments

‘2023 is the year B2B ecommerce payments become real’: 3 questions with Bar Geron, CEO of Balance

  • As both the B2B payments and ecommerce markets continue to grow, what’s in store for their offspring, B2B ecommerce payments?
  • In this Q&A, Balance co-founder and CEO Bar Geron dives into the rise of B2B ecommerce in 2023.
Rivka Abramson | January 10, 2023
Payments

10 trends that will shape the payments industry in 2023

  • Tearsheet asked experts in the payments space to share insights on the most important payments trends for 2023.
  • Key themes for this year involve B2B payments, M&A activity, real-time payments, digital wallets, fraud, sustainability, and more.
Ismail Umar | January 06, 2023
More Articles