Christian Carlos. Peninsula 360 Press [P360].
Today, Apple held a virtual event to showcase innovative products that respond to the lifestyle needs of the new normal. One of the key announcements was made by Apple CEO Tim Cook, who opened the event from Apple Park in a real-time broadcast ?streaming? where there is still no human presence due to the COVID-19 pandemic.
The service, which began as Apple Pay, will expand to offer a credit service in the United States in the second half of May.
Apple Card Family - similar to the Family Sharing feature - Apple notes, "allows two people to co-own an Apple Card," which is expected to allow two people to pool their credit lines "while building their credit history together.
However, the new features of the credit facility provide Goldman Sachs allow the integration of other family members over the age of 13 to establish "smart and safe financial habits".
"We designed Apple Card Family because we saw an opportunity to reinvent the way spouses, partners and the people you trust most share credit cards and build their credit history together. There has been a lack of transparency and consumer understanding of how credit scores are calculated when there are two users of the same credit card, with the primary account holder receiving the benefit of building a strong credit history while the other does not," said Jennifer Bailey, vice president of Apple Pay. "Apple Card Family allows people to build their credit history jointly and equally."
