Several Apple Card customers — including Steve Wozniak — have complained that the credit limits set for the card seem to discriminate against women, even when their finances are jointly held with their spouses. Columnist hiltzikm explains:
California and other states take aim at Trump’s reversal of lightbulb rules, a dopey tea party cause.
If you miss a payment, Apple won’t charge a late fee, though interest will still accrue. That’s good, but the interest on unpaid balances ranges from 12.74% to 23.74%, based on users’ credit history, which is no particular bargain. Apple Card also comes with privacy and security enhancements tied to your iPhone.
Indeed, the requirement that each Apple Card user have an individual iPhone and therefore an individual account is what’s gotten Apple into trouble. Most traditional credit card accounts allow for multiple “authorized users,” typically family members, to share an account and piggyback on each other’s credit ratings. There may be slight differences in credit scores, but probably not dramatic ones.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple cofounder Steve Wozniak says Apple Card offered his wife a lower credit limitSteve Wozniak weighed in on a viral Twitter thread accusing Apple's credit card of systematically issuing women with lower credit limits.
Read more »
Apple co-founder Steve Wozniak says Apple Card discriminated against his wifeThe New York Department of Financial Services is looking into allegations of gender discrimination against users of the Apple Card, which is administered by Goldman Sachs.
Read more »
Apple co-founder says Apple Card algorithm gave wife lower credit limitApple Inc co-founder Steve Wozniak joined in the online debate accusing the algo...
Read more »
Apple co-founder Steve Wozniak also alleges that the Apple Card discriminated against his wifeWozniak says his Apple Card limit is 10 times higher than his wife’s, despite their finances being identical.
Read more »
Apple co-founder says Apple Card algorithm gave wife lower credit limit'We know the question of discrimination in algorithmic decisioning also extends to other areas of financial services.' - lindalacewell via Reuters
Read more »