The Apple Card is just a credit card (and not a particularly special one)

Welcome back to Tech Chronicle. There’s no cash-back reward if you subscribe, but I definitely offer a high interest rate. Playing cards Imagine, if you will, a credit card designed for online use, streamlined for digital use and stripped of unnecessary physical features. I’m talking, of course, about Citibank’s ClickCredit card, introduced 20 years ago. “It’s a totally new kind of payment tool, designed for the virtual world,” Antony Jenkins, the bank’s director of online initiatives, told IDG News at the time. You can imagine my patented I’ve-seen-this-all-before eyeroll when Apple made carbon-copy promises about its new Apple Card two decades later. It has a security chip, like most modern credit cards, which wasn’t available when ClickCredit rolled out, but it also has a magnetic stripe, which no less an authority than Apple CEO Tim Cook has called “outdated and vulnerable.” ClickCredit did away with the stripe, anticipating a shiny future where e-commerce was everything. The Apple Card is in the news now not for its spiffy new features but because famed programmer David Heinemeier Hansson complained that his wife, Jamie, was given a tiny line of credit on her Apple Card. Jamie Heinemeier Hansson noted that she has a… Read full this story

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