What you need to know
- The update now allows more anonymized data sharing with Goldman Sachs.
- It also provides more detailed transactions from Apple.
Apple and Goldman Sachs had recently received some criticism about the credit limits given and approvals granted to applicants for Apple Card, and Apple appears to be making some changes in order to address it.
The new information that is being shared will remain anonymous, but will apparently allow Goldman Sachs to build a new credit assignment model that will open up Apple Card approvals to more customers.
To support more approvals even further, the application process will now allow applicants to share additional personal information on an opt-in basis with Goldman Sachs. This will help those who are not approved their first time around to get another shot at approval.
The changes are also bringing more detail to transactions from Apple on Apple Card. For instance, you'll be able to see the movie you purchased rather than the non-descript "Apple Services" that have been listed in the past.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.