Apple Card - page 4

Elizabeth Warren chimes in on allegedly discriminatory Apple Card algorithm

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Elizabeth Warren chimes in on allegedly discriminatory Apple Card algorithm
Sen. Elizabeth Warren thinks Apple Card partner Goldman Sachs has some explaining to do.
Photo: elizabethwarren.com

Democratic presidential candidate Elizabeth Warren has chimed in on the allegedly sexist Apple Card debacle. Warren criticized Apple Card partner Goldman Sachs, saying that if the bank can’t explain how the algorithm used to determine credit score works, it should “pull it down.”

The complaints about Apple Card began last week when entrepreneur David Heinemeier Hansson said he was offered a credit limit 20 times that of his wife. Apple co-founder Steve Wozniak claimed something similar.

Why ‘sexist’ Apple Card is Cupertino’s worst nightmare

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Sexist Apple Card accusations are tech's latest example of biased algorithms
Apple Card was meant to be the solution, not part of the problem.
Photo: Apple

Cupertino pitched Apple Card as the greatest credit card in history. Instead, the card generated negative PR based on accusations that the algorithm used to decide credit limits is discriminatory.

Even Apple co-founder Steve Wozniak complained about the supposedly sexist algorithm. Woz said he received 10 times more credit than his wife, despite sharing bank accounts and assets. Here’s how Apple became the latest tech giant to be accused of algorithmic bias — and what that means.

Woz: Apple should ‘share responsibility’ for sexist Apple Card

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Some users suggest that a discriminatory algorithm may be determining Apple Card scores.
Photo: Apple

Apple’s co-founder Steve “Woz” Wozniak is one of a number of Apple Card owners concerned about a possible sexist algorithm used for determining credit limits.

On Twitter, Woz said that he received 10x more credit on the card than his wife. “We have no separate bank or credit card accounts or any separate assets,” Wozniak clarified. “Hard to get to a human for a correction though. It’s big tech in 2019.”

Buy an iPhone interest-free with Apple Card

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Apple Card with iPhone
Buying an iPhone through an Apple Card just makes sense. And soon it can be done with zero interest.
Photo: Ed Hardy/Cult of Mac

Apple Card users can soon use this credit card to buy an iPhone with payments stretching over two years, but without incurring any interest.

It’s already possible to buy an iOS handset through the iPhone Upgrade Program, but this requires a separate loan.

Everything you need to know before Apple’s last earnings call of 2019

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Earnings call
Get ready for another record breaking quarter.
Photo: Jim Merithew/Cult of Mac

Apple is ready to unveil its last earnings report of 2019 this week, and investors are anxiously waiting to hear some good news on iPhone sales.

All early indications point to sales of the iPhone 11 and iPhone 11 Pro performing even better than expected. But because the new devices were only on sale for the very tail end of the quarter, they might not have given Apple the growth Wall Street is desperate to see.

Apple CEO Tim Cook and CFO Luca Maestri are set to divulge all the details for Apple’s fiscal Q4 2019 earnings on Wednesday, October 30, at 2 p.m. PDT. Per usual, Cult of Mac will be analyzing all the data right when it drops and there are a couple of areas and metrics that are key to keeping Apple’s stock price soaring.

Apple Card isn’t reflected in your credit score… yet

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Apple Card in POS
The Apple Card is still so new it’s not being reported to credit bureaus.
Photo: Ed Hardy/Cult of Mac

Any late payments made so far to an Apple Card account haven’t hurt your credit rating. Not yet, anyway.

That’s because the bank that’s backing the card, Goldman Sachs, reportedly isn’t giving anyone’s payment history to the three major credit bureaus.

Goldman Sachs CEO calls Apple Card ‘most successful credit-card launch ever’

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Apple Card demand is through the roof.
Photo: Apple

Apple Card is off to smashing start, according to Goldman Sachs CEO David Solomon.

During an earnings call this morning, Solomon updated investors on the status of Apple Card which launched in the US in August. Despite some skeptics worrying about Apple Card’s profitability, Solomon claims Apple Card is “the most successful credit-card launch ever.”

Apple Pay expands its reach to more banks across Europe

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ING-Apple-Pay
ING in Germany is finally ready for Apple Pay.
Photo: ING

Apple Pay is now supported by a number of new banks across Europe.

Bunq in Austria, ING in Germany, and ABN AMRO in the Netherlands have all adopted Apple’s mobile payments service. Phyre in Bulgaria and two banks in the Czech Republic are also in on the action.

Apple launches disaster relief program for Apple Card users

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apple-card
Apple just added another perk to Apple Card.
Photo: Macrumors

Apple is now offering financial relief to Apple Card users in areas that have been hit by flooding and other natural disasters.

Multiple Apple Card holders have shared an email sent by Apple with an offer to apply for the company’s new disaster relief program after detecting that they may have been affected by a natural disaster.

T-Mobile now offers 3% Daily Cash for Apple Card users

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t-mobile
Apple Card has another partner for its Daily Cash offer.
Photo: T-Mobile

Apple Card’s reward program, called Daily Cash, has added T-Mobile to its growing list of partners. Starting September 20, all customers will receive 3% Daily Cash when they use Apple Card with Apple Pay at any T-Mobile store.

“We’re all about giving customers the best value in wireless, and we’re doing it again by offering 3% Daily Cash on Apple Card,” said T-Mobile CEO John Legere“More options. More value. And cash back, including on Apple’s newest products. It’s just the Un-carrier way.”

Apple clashes with its Apple Card partner over TV+

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International governments plan to rethink tax rules for the ‘digital age’
Apple and Goldman Sachs disagree over Apple TV+ accounting.
Photo: Pexels

Apple partnered with Goldman Sachs to launch Apple Card. But that doesn’t guarantee that the two entities will always see eye-to-eye.

Late last week, Goldman Sachs cut its price target on Apple shares to $165. That gives it the lowest expectations for Apple of all major Wall Street banks. Following the news, Apple hit back at its partner, arguing that its claims were ill-founded.

Apple sees ‘long-term potential’ in cryptocurrencies

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Antana/Flickr CC
An Apple Coin? Don't rule it out.
Photo: Antana/Flickr CC

Could an Apple cryptocurrency be coming? While it doesn’t sound like it’s on the immediate horizon, Apple Pay VP Jennifer Bailey recently suggested it’s not totally off the table.

It would fit with Apple’s growing embrace of financial services. The company got into mobile payments with Apple Pay in 2014 and released the Apple Card this year. Now, Cupertino appears to be taking a wait-and-see approach on cryptocurrencies.

Just how titanium is the titanium Apple Card?

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
This is why we can't have nice things.
Photo: Apple

Do you want to be the kind of know-it-all who takes the wind out of fanboys’ sails by telling them their fancy new titanium Apple Card isn’t actually 100% titanium?

No? Then you should probably ignore a new article from Bloomberg BusinessWeek. The publication used a scanning electron microscope to work out the Apple Card’s composition because the internet’s run out of things to do.

Protect your precious Apple Card with this $139 wooden card case

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Wooden Apple Card storer
"Oh my God. It even has a watermark."
Photo: Kerfcase

The physical titanium Apple Card may be the most attractive credit card ever made. But it’s not necessarily the most practical design, since storing it in a leather wallet risks discoloring it.

Fortunately, design company Kerf have created an equally attractive solution for storing it. And if we’d never thought about a physically attractive credit card before, we sure as heck hadn’t considered 2019’s need for a $139 wooden credit card case!

How to clean your Apple Card. Seriously.

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This is the kind of thing your beautiful, clean Apple Card is going to have to deal with.
This is the kind of thing your beautiful, pristine Apple Card is going to have to deal with.
Photo: Matt Biddulph/Flickr CC

The Apple Card isn’t just another credit card. Apple is a hardware company, after all, so its card is special, mkay? If Jony Ive hadn’t disappeared from the Apple lot, then we’d probably even have a Making Of video, with Whispering Joni1 burning with quiet passion about how this is the thinnest, strongest card that Apple has ever made. How Apple’s designers needed to invent an entire new production process to recycle titanium plates reclaimed from broken legs. Etc.

So, if you have an Apple Card, Apple wants you to treat it with respect. And that’s why there is now an official support document telling you how to clean it.

How to opt out of Apple Card arbitration (and why you should)

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Opting out of Apple Card Arbitration is easy.
Opting out of Apple Card arbitration is easy.
Photo: Apple

The Apple Card is now potentially available to anyone in the U.S., so you’ll soon be able to use your (tough titanium) credit card to defeat locks, scrape paint, and open beer bottles. But it’s not all good news. Your Apple Card contract includes something called arbitration, and that’s a very bad thing. The silver lining is that you can easily opt out. Here’s how to opt out of Apple Card arbitration, and why you definitely should.

Famous American Psycho scene gets Apple Card upgrade

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scene from
Is that titanium? "Nice!"
Photo: Universal Studios/YouTube

The Apple Card is the newest status totem and that gave one YouTuber and fan of the 2000 film American Psycho an idea for the re-editing of one scene.

The scene shows cocksure investment banker Patrick Bateman and his yuppie, Italian-suited colleagues vainly comparing the designs of their business cards, each whipping their’s out so to speak.

Apple Card’s ‘enhanced security’ takes aim at fraud

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Apple Card in POS
Stealing someone’s Apple Card number is designed to be very hard.
Photo: Ed Hardy/Cult of Mac

The new Apple Card offers some unusual security features, all designed to prevent this credit card’s number from being used without authorization, either in a store or online.

The fact that the card number isn’t printed on it anywhere is just the start. “The real key to the enhanced security here is happening behind the scenes,” said Craig Vosburg, President of Mastercard North America.

Apple Card adds new rewards as it becomes available to all (in the US)

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Apple Card
Just spend it.
Photo: Apple

Apple Card is now available to all iPhone users in the United States.

You can sign up for yours through the Wallet app. Users will enjoy 2% daily cash back on Apple Pay transactions, and 3% daily cash back on purchases made directly from Apple.

As the Apple credit card launched Tuesday, Cupertino also expanded its 3% daily cash back offer to include Uber and Uber Eats.

iOS 13’s best secret features [Cult of Mac Magazine 310]

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iOS 13's best secret features.
These great iOS 13 features fly under the radar.
Cover: Marty Cortinas/Cult of Mac

Little tweaks can be a big deal. When Apple showcased the top-level changes coming soon to iPad and iPhone, these secret iOS 13 features flew below the radar. Find out why we like them — and see them in action in our video walkthrough.

Get in on the iOS 13 goodness in this week’s totally free issue of Cult of Mac Magazine. Elsewhere in our iOS mag, you’ll find an Apple Card review and plenty of Apple-oriented how-tos. (If you prefer to read in your browser, you’ll find the stories linked below.)