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.
Goldman Sachs Offering to Reevaluate Credit Line of Apple Card Customers after Gender Bias Allegations
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.
The Apple Card got everyone’s attention with special offers and low-interest rates. It also made headlines for accepting applicants with average credit scores. As we know Apple has tied up with Goldman Sachs for the credit card. Goldman Sachs CEO calls Apple Card the ‘Most Successful Credit Card Launch ever.’
We have seen people doing some crazy things with the new Apple Card. Recently a man peeled off the white coating of Apple Card to reveal the Titanium innards. Now a user has gone to the next level and shows how Apple Card can be used as a knife!
Apple Card is undoubtedly hogging the limelight. Apple is said to be approving customers with a wide range of credit score for Apple Card. Apart from discounts, and convenience, Apple Card looks slick as well. An Apple Card user decided to peel the outer layer and take a look at the metal inside.
Credit card companies often derive the name of their cards from precious metals. More than often the name has nothing to do with the construction of the card. However, in the case of Apple Card things seem to differ. Apple Card is made out of 90% of Titanium while the rest is aluminum alloy.
The Apple Card is unlike any other credit card in the market. Even if one ignores its tight integration with the iPhone’s Wallet app, the physical card’s design in itself is unique and sets it apart from other such cards in the market. That titanium card might feel premium to hold but one must also be very careful with it so as to not discolor it or blemish its beauty.
Apple Card is now available for anyone in the US with an iPhone. You can go to the Wallet app and get your own virtual Apple Card in minutes. Before doing that, make sure to read our Apple Card FAQ to know all the details. Once you’ve signed up for your Apple Card, take a look at our best Apple Card tips and tricks below.