If you are an Apple Card user and always wanted to glance through your monthly transactions made using the card in your favorite finance app, you can do that starting today.
Goldman Sachs Takes a Potshot at Apple Card’s ‘Created by Apple, Not a Bank’ Line, Says It Is in Charge
Apple Card has been hogging the limelight ever since it was released last year. The company claims that Apple Card is very different from traditional credit cards. Apple has partnered with Goldman Sachs for the Apple Card. At a recent earnings call, Goldman Sachs stressed that it has everything to do with who gets an Apple Card and who doesn’t.
One of the good things about Apple Card is that it presents all the data about where you have spent your money in a nice and easy to digest format. You can also export that data as PDF for sharing purposes but a handy option to export all transaction data in CSV format is missing.
Apple has started offering a 24-month interest-free installment plan for buying a new iPhone in the US. This plan is only available for those who own an Apple Card, though.
Apple Card usually offers 3% Daily Cash cashback on the purchase of Apple products. However, just for the holiday season, Apple has doubled the cashback rate to 6%.
Apple Card is now offering cashback on Nike. Apple was already offering 3% cashback on Uber, T-Mobile, and Walgreens. Now the company has extended the same for Nike stores.
Goldman Sachs Offering to Reevaluate Credit Line of Apple Card Customers after Gender Bias Allegations
Following complaints of gender bias in the Apple Card algorithm to determine the credit limit of a person, Goldman Sachs has issued a new statement offering users an option to re-evaluate their credit line.
Apple and Goldman Sachs are currently involved in a controversy for giving a lower credit score to females. The issue was first brought to light by Ruby on Rails creator David Heinemeier Hansson on Twitter who noted how his wife had a lower Apple Card credit limit despite having a better credit score than him.
Apple Card is an easy way for Apple users to get cashback and discounts on products/services. Apple is rewriting the rules with Apple Card and has tied up with Goldman Sachs. There seems to be an issue with Apple Card and users are complaining via Twitter and other channels. The issue is mostly affecting users who are trying to pay to the card through the wallet.
Apple will soon add a new feature to Apple Card that will allow users to buy an iPhone at 0% interest over 24 months. Tim Cook made this announcement while on the earnings call earlier today. He did not provide any timeframe as to when the feature will go live but it will likely happen before the holiday season.