Your premise makes intuitive sense given what we've heard about Apple Card approval rates, but articles I read in the past indicate the problem is in fact high

Your premise makes intuitive sense given what we've heard about Apple Card approval rates, but articles I read in the past indicate the problem is in fact high charge-off (failure to pay) rates: https://9to5mac.com/2023/02/16/apple-card-future-goldmans-sachs-losses/ https://9to5mac.com/2023/02/16/apple-card-future-goldmans-sa...