ApplePay: Some Initial Thoughts and Observations

Being the nerd that I am, I immediately set up ApplePay on my iPhone and ran across the street to Duane Reade to test it out.  Here are some initial thoughts about the process of setting up and using ApplePay, as well as a few miscellaneous observations:

Setup:  Setting up ApplePay was slightly less intuitive that I expected, so I’ll briefly outline what you need to do.  First, you have to download iOS 8.1.  When your phone reboots, go into Settings, scroll down to the fourth cluster of prompts, and select “Passbook and Apple Pay.”  You’ll then see an option to add credit or debit cards.  After you load a few cards, try to figure out where you buried the heretofore useless “Passbook” app and, if you plan to use ApplePay regularly, move it to some better real estate.

Use:  Before I approached the register, I opened the Passbook application and selected the card I wanted to use — the Chase Freedom card (I still get an extra 10 point per transaction through the now-defunct but still semi-operational Chase Exclusive program, so the Freedom cardApple Pay Image 3 is great for small, sub-$10 transactions).  Once the clerk scanned my items, I held my phone near the credit card console and prayed that something would just happen so that I wouldn’t look like a crazy person in front of the long line of people behind me.  Sure enough, the phone recognized the NFC signal from the console and prompted me to either place my finger on the phone’s fingerprint scanner or enter my passcode.  I pressed my finger to the scanner and, sure enough, the transaction processed immediately and a record of the transaction appeared instantly below the image of my card.  Very cool.

Unable to load business cards:  One unexpected kink in the setup process was that I was unable to add either of the two business credit cards I own: the Chase Ink Bold card and a legacy card called the Citi Professional Cash card (no longer available).  Chase and Citi are both ApplePay partners, but it seems that only personal cards are compatible with the system, at least at the time being.

The message that displays when you try to add an unsupported card.

The message that displays when you try to add an unsupported card.

A list of supported issuers appears when you click "Learn more"

A list of supported issuers appears when you click “Learn More”

Unable to load Fidelity Investment Awards American Express card:  Unfortunately, I was also unable to load a mainstay of my wallet — the Fidelity Investment Awards American Express card (2% cash back on all purchases).  This is surprising because the card is issued by FIA Card Services, which is a subsidiary of Bank of America, and Bank of America is also one of the ApplePay partners.  Perhaps only Bank of America-branded cards are compatible with ApplePay at the moment, but I’m hoping that changes soon.

No Barclaycard compatibility, yet:  Barclaycard is the one issuer that I’d really like to see added to the ranks of ApplePay.  I wonder what they’re holding out for. 

In retrospect, that probably wasn’t worth a bullet point.

The TD Easy Rewards Card: 5% Cash Back on Dining, Groceries, Gas, and Cable, Phone and Utility Bills for 6 Months, Plus $100

The "Cash Rewards" variant of the card is pretty hideous, so factor that into your decision.

This offer probably isn’t getting the attention it deserves.  For the first six billing cycles, the TD Easy Rewards card offers 5 “easy rewards” points (which can be converted into cash or a statement credit at a rate of 1 cent per point) for each … [Continue reading]

Points On The Dollar Is BACK — And No Longer Constrained By Affiliate Sponsors!

Billy Mays

After a long hiatus, Points on the Dollar has returned!  With much more time on my hands these days (more on that later), I’m looking forward to sharing my thoughts on personal finance, travel, and whatever else floats my boat.  And there will be a … [Continue reading]

Local Chase And Citi Branches Offering Better Sign-Up Bonuses Than The Entire Internet

Chase Branch

In recent weeks, reports have begun to crop up about the existence of superior credit card offers at brick-and-mortar Chase and Citi branches.  For details on these offers, I’ll direct you to reports by The Miles Professor about her experiences at … [Continue reading]

Notes And Updates for June 7, 2013

Sadly, the 2% cash-back Priceline Visa Rewards card is no longer available.  There are other, far less lucrative versions of the Priceline card, but you’re much better off with one of the other 2% – 2.2% cash-back options. In other bad news, the … [Continue reading]

What’s The Deal With Discover?

Discover It Card

In January, 2013, Discover consolidated its various brands of then-existing credit cards into the – I kid you not – “It” brand.  Discover is pouring lots of money into promoting its new “It” brand, so let’s take a look and see if this brainchild of … [Continue reading]

Reminder: 35% Bonus On Transfers From Membership Rewards Points To British Airways Avios Ends Friday!

If you're interested in cashing in the 35% bonus on transfers from American Express Membership Rewards points to British Airways Avios, the last day to do so is this Friday, June 7th.  I've discussed how to use Avios for amazing redemptions on … [Continue reading]

How I Estimate The Value Of Points And Miles

Placing an absolute value on a particular type of point or mile is a highly abstract and nearly impossible task.  I realize that this might sound like a pretty compelling reason not to continue to read my blog -- given that I purport to dole out … [Continue reading]

Notes And Updates For May 28, 2013

Mercedes Benz Platinum Card

View from the Wing has a great write-up about the 5,000 and 10,000-point bonuses that some Amex charge card holders can earn by enrolling in Amex's “Pay Over Time” feature.  I didn’t qualify for the bonus -- and it’s unclear who does -- but some … [Continue reading]