'I’ve owned the Apple Card for 3 months…this is why it sucks.'
These unsatisfied customers aren’t giving the Apple Card much credit — and one writer in the popular discussion forum Reddit Inc. outlined what he describes as some of the most salient problems with the card in a social-media post that has gone viral.
David’s comments come three months after Apple’s hotly anticipated laser-etched, titanium card back by Goldman Sachs GS, +0.37% hit the market. Cardholders and analysts have responded with mixed reviews.
Read more: Apple’s new credit card offers 2% ‘daily’ cash back — what consumers need to know about it “I signed up because I’m interested in maximizing rewards, and I wanted the 3% cash back on App Store and Apple Store transactions. And, I thought it looked cool. I wanted to actually hold it, because it is cool — physically,” he tells MarketWatch. “But it lacks the basic functionality that almost every other credit card has, he claims.
And some others cited the “sexist algorithms” that have been making headlines lately — including from Apple co-founder Steve Wozniak — that have launched an investigation into how the Apple Card determines credit limits and interest rates for cardholders.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren lashes out at Goldman over Apple Card bias claims: BloombergU.S. Senator Elizabeth Warren questioned Goldman Sachs's response to allega...
Read more »
Warren blasts Goldman Sachs over its Apple card and 'discriminatory' algorithmsSenator Elizabeth Warren unloaded on Goldman Sachs and the bank's handling of claims that its Apple Card exhibits bias against women.
Read more »
The Apple Card algo affair: What you need to know about A.I. in everyday lifeAllegations that the Apple Card offered by Goldman Sachs has an algorithm that is biased against women in credit scoring has brought into the headlines an issue about the AI future that will impact everyday life.
Read more »
Singles Day sales hit a record high as Chinese buyers rack up their credit card billsA significant portion of sales during this year's Singles Day shopping event in China came from spending on credit, according to estimates from analysts.
Read more »
Adyen is making its first move into card issuing - Business InsiderAdyen is launching a new issuing solution that builds onto existing services, including in-store and online processing and gateway functionality.
Read more »