| A biased algorithm? No Images? Click here  Hananeko_Studio / Shutterstock Since its launch over the summer, the Apple Card has had fanatics rushing to sing its praises while critics have called out a limited rewards rate. Now, Apple Card is facing an entirely new criticism – that its algorithm is unfairly awarding credit limits in a way that discriminates against women.  Staying on top of your credit scores and report on a regular basis is a key part of financial health – and you get access to them for free via your credit cards. Here’s why it’s important to check your score on a regular basis and where to do so at no cost.  Experian is rolling out a new scoring formula that will use trended data and other nontraditional factors to help thin-file and “credit invisible” consumers. The new Experian Lift product will combine traditional credit scoring data with other factors such as how you use credit and how much of your balances you pay each month.  More Credit Card News Only see the newsletter sometimes? Learn how to get the most from our weekly emails here. Where to find us: Editorial Note: Editorial content is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners. |
Tuesday, November 12, 2019
💳 Apple Card investigation and other top news
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