'Keeping approval rates low suggests that at least initially Apple wants to focus on low-risk (higher credit score) customers.'
Apple and Goldman Sachs are being picky about who they approve for Apple Card, the new credit card they launched in August. "The approval rates early on have been lower," Goldman CEO David Solomon said on the bank's third-quarter earnings call, adding that the bank is favoring applicants with excellent credit scores.
Apple and Goldman Sachs are being picky about who they approve for Apple Card, the new credit card they launched in August. "The approval rates early on have been lower," Goldman CEO David Solomon said on the bank's third-quarter earnings call, adding that the bank is favoring applicants with excellent credit scores.
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