Apple refused to give credit card to its own CEO Tim Cook, know what is the whole matter
Apple Credit Card: You all must have heard about Tim Cook, CEO of Apple Company. You will be surprised to know that Apple company has refused to give credit cards to its own CEO. Why did the company do this? Let us know in detail about this matter in this report.
Recently Apple CEO Tim Cook is testing a project. During this testing phase, the company refused to issue cards to its CEO. According to a report, Tim Cook rejected the Apple Credit created in association with Goldman Sachs. Let us tell you that Tim Cook's huge wealth and public profile have made him a target of fake people. This means that many thugs cheat in his name. For this reason, the credit bureau has marked Tim Cook's account.
Red flags from credit bureaus led Goldman Sachs' underwriting system to apply for the Sleek Metal card. However, according to Apple's chief executive, Goldman Sachs had to make an exception. For this reason, the company refused to give the company's credit card to Tim Cook.
In October 2019, Apple and Goldman Sachs launched the Apple Card at low-interest rates. Wall Street banking has removed several fees on some credit cards, the New York Post reports. For example, the company has also waived the interchange fee for many merchants. At the same time, several reports claim that Goldman Sachs is trying to get out of the deal with the Wall Street titan. The Apple company is also trying to get out of the Goldman Sachs deal.
The financial service that works with Goldman Sachs is trying to earn more revenue than the Apple service, according to a Wall Street Journal report. Last year, the division serviced 20 percent of its revenue, up from 10 percent a decade ago.
