Retailers Don’t Like Paying the Fees for Apple Card

I get $500/year back on health insurance premiums alone from that, let alone all the other spending. Everything except my mortgage can be run through it.

This basically describes the Planet Fitness model. They sign up thousands of people around New Year's, none of them ever show up, and a handful of them can't be bothered to go into their location and cancel, so they just end up paying $10 / month forever.

Do you have a source for this?

https://squareup.com/us/en/townsquare/myths-about-cash (full disclosure: clearly a potentially biased source)

> Research shows that cash-handling costs range from 4.7 to 15.3 percent of revenues for businesses that accept cash. The majority of those costs are associated with starting and closing drawers at the start and end of the day.

> Said another way, for every $100 a business makes in cash, it’s spending $4.70–$15.30 to handle all the costs associated with managing the drawer, preparing deposits, making change orders, dealing with possible theft or fraud, and auditing. Fewer cash transactions means less time counting money, less time making change, and a lower likelihood of mistakes or theft.

Yes, Discover, for one. But percentage is lower, because I assume the fees are lower for debit.

> Hilarious how much mansplaining is flowing in this thread. Every single poster questioning my wife’s credit score, a man. Every single defense of Apple blaming GS, a man. Almost like men are over represented in the defense/justification of discrimination that doesn’t affect them?

which immediately costs him all credibility in this specific case. Factually, it is GS making the decision. It's Apple's problem to address because they're contracting to GS, but it was GS's algorithms (oh no, he calls that out too!) that rendered the credit decision. And he glosses over that credit score pretty issue quickly, which is kind of sexist and bullshitty in itself. Without saying whether her score is decent, he says she should get the same credit he does because she's married to him, as though her creditworthiness derives from their relationship. What the...? Does the have income of her own? A credit history of her own? If DHH isn't co-signing, his existence even involved in the decision.

There are plenty of things to protest in the credit score game. You can fairly criticize it in many, many ways. But I saw nothing in his complaint that was unique to Apple or GS, and DHH's complaint seems to come down a non sequitur complaint against Apple and GS for their use of industry-standard credit ratings.

Edit: he does say her credit score was higher than his. My bad. He still doesn't mention their relative income.