Path to Apple Card is a new program from Apple and Goldman Sachs to help you get approved for Apple Card if you were declined.
During an earnings call for Goldman Sachs, chief financial officer Stephen Scherr reiterated his bank’s control over Apple Card.
Goldman Sachs tweeted today that credit bureaus are starting to add the Apple Card to their credit reports, starting with TransUnion.
Senators Elizabeth Warren and Sherrod Brown are calling on the Consumer Financial Protection Bureau to perform an Apple Card probe.
Senator Elizabeth Warren blasted Goldman Sachs over claims it discriminated against women whilst assigning Apple Card credit limits.
Goldman Sachs responded to claims that the algorithm dictating Apple Card credit limits is sexist, saying no decisions are made on gender.
Recent stories suggested that Apple Card information is not being sent to credit bureaus, but a source within Apple disputed these claims.
Geoffrey Fowler compared an Amazon credit card with Apple Card to see which one is more private. The knee jerk response is to say Apple, and it’s true that Apple does have more privacy than others. But when it comes to the Apple Card, that privacy only appears under certain circumstances.
Despite a federal privacy law covering cards, I found that six types of businesses could mine and share elements of my purchase, multiplied untold times by other companies they might have passed it to. Credit cards are a spy in your wallet — and it’s time that we add privacy, alongside rewards and rates, to how we evaluate them.
Bottom line: Neither Apple nor Goldman Sachs collects or shares your data. But retailers and card networks like Mastercard can still collect and sell your purchase data.
After months of beta testing and a soft launch earlier this month, Apple Card is now available to all Apple customers in the United States.
Goldman Sachs uses your credit score, credit report, and your self-reported income when it evaluates your Apple Card application.
Last night, Apple sent the next wave of invitations for Apple Card, but there seems to be a goof in the system. The email said that the early invitation is waiting, but the email address Apple has on file is wrong. You can click a link in the email to supply the correct one.
There are multiple reports on Reddit of people receiving the email who are 100 percent sure they signed up with the correct Apple ID email address…Several users have contacted Apple Support, who are apparently aware of the issue and it has been forwarded to the Apple Card engineering team. Still, it’s worth noting that some users may have also received the email for the right reason – because they didn’t use the email address associated with their Apple account.
I too got the email last night, but since it arrived at an address no longer associated with my Apple ID, my email was probably legitimate in that I didn’t sign up with the correct one.
If you’ve frozen your credit, you’ll probably have to do a temporary unfreeze in order to get an Apple Card.
Goldman Sachs is accepting “subprime” applicants for Apple Card, meaning people with a low credit score.
While there is no standard definition for who qualifies as subprime, most fall under a FICO score of 660, and their loans often sour before borrowers with higher credit scores. Ten years ago, big lenders got into trouble when irresponsible loans made to subprime mortgage borrowers defaulted, helping create the worst excesses of the financial crisis.
I think this is great. Apple Card revolves around helping you pay off your credit as soon as possible, and tells you the minimum payment you need for a zero-interest payment. You might still get a high APR, but as long as you don’t carry a balance that won’t affect you. As we head into another school year, Apple Card could be a good choice for college students who may have low credit.
Redditor u/choledocholithiasis discovered an Apple Card arbitration provision in Goldman Sachs’ customer agreement. Here’s how to reject it.
Apple Card preview is rolling out today to a select group of users who signed up to be notified of the release, although we don’t know if it’s all users who signed up or a small group.
Apple Card is getting its first group of public test users today. A limited amount of customers that signed up to be notified about the release of Apple Card are getting the ability to apply for the card in their Wallet app today — as well as the option to order their physical Apple Card. A full rollout of Apple Card will come later in August. It requires iOS 12.4 and up to operate.
Apple’s wallet.apple.com website gives people a video on how to apply for Apple Card, which consists of opening the Wallet app and tapping the plus (+) button on the upper right.
Before you start, there are a few things to check: You are a US citizen or lawful resident at least 18 years of age or older. Make sure you’re on the latest version of iOS. Learn here how to update. Applying for Apple Card requires an iPhone that can use Apple Pay. Check here to see if your device is compatible.
I can’t wait for the launch, and will be signing up.
Goldman Sachs is excited that Apple Card will “push the brand into the mainstream” and hopes customers will buy a lot of Apple products.
Goldman Sachs has released (perhaps inadvertently) the customer agreement that will govern Apple Card, though Apple won’t launch Apple Card until later this month.
New York-based bank Goldman Sachs isn’t usually associated with average consumers. But it has spent US$1.3 billion to transform itself with initiatives like Apple Card (via CNBC). Goldman Transformation So far in 2019 Goldman Sachs has spent US$275 million on its new businesses like Apple Card and its consumer bank Marcus. In an earnings call…
Goldman Sachs CEO David Solomon revealed that he is amongst the employees at his bank and Apple that are using the Apple Card in beta.