Goldman Sachs denies claims of Apple Card gender bias
Following accusations that married couples are seeing different credit ratings in their Apple Card applications, bank Goldman Sachs has issued a statement saying all scores are individually calculated.

Following accusations of gender bias against married women over Apple Card credit limits, issuing bank Goldman Sachs has issued a statement denying any sexism.
In a statement tweeted by its @gsbanksupport account, Goldman Sachs acknowledged the concerns that it had been sexist, but insisted that credit decisions were completely independent of gender. Instead, it says, they are based on previous debt, current income and similar data.
"Based on these factors," says the tweeted statement, "it is possible for two family members to receive significantly different credit decisions. In all cases, we have not and will not make decisions based on factors like gender".
Previously, David Heinemeier Hansson, creator of Ruby on Rails, alleged that Apple and Goldman Sachs were being gender-biased against women who apply for the Apple Card. He suggested this based on the sizeable disparity between his application and that of his wife.
Later, Apple co-founder Steve Wozniak reported having a similar situation with his partner.
The Apple Card launched on August 20 in conjunction with Goldman Sachs. It has been designed primarily to be used with Apple Pay on the iPhone, Apple Watch, and Mac. The card features a cash-back reward system, called Daily Cash, that gives 3% back on all Apple purchases, 2% back on purchases made with Apple Pay, and 1% cash back on everything else.

Following accusations of gender bias against married women over Apple Card credit limits, issuing bank Goldman Sachs has issued a statement denying any sexism.
We wanted to address some recent questions regarding the #AppleCard credit decision process. pic.twitter.com/TNZJTUZv36
-- GS Bank Support (@gsbanksupport)
In a statement tweeted by its @gsbanksupport account, Goldman Sachs acknowledged the concerns that it had been sexist, but insisted that credit decisions were completely independent of gender. Instead, it says, they are based on previous debt, current income and similar data.
"Based on these factors," says the tweeted statement, "it is possible for two family members to receive significantly different credit decisions. In all cases, we have not and will not make decisions based on factors like gender".
Previously, David Heinemeier Hansson, creator of Ruby on Rails, alleged that Apple and Goldman Sachs were being gender-biased against women who apply for the Apple Card. He suggested this based on the sizeable disparity between his application and that of his wife.
Later, Apple co-founder Steve Wozniak reported having a similar situation with his partner.
The Apple Card launched on August 20 in conjunction with Goldman Sachs. It has been designed primarily to be used with Apple Pay on the iPhone, Apple Watch, and Mac. The card features a cash-back reward system, called Daily Cash, that gives 3% back on all Apple purchases, 2% back on purchases made with Apple Pay, and 1% cash back on everything else.
Comments
Does that mean that they discriminate against retired people?
Even though we are both listed there are a couple of accounts that I am still listed as the primary (there was no other way to do it and I had the accounts before we were married). I also used credit cards more often and for longer.
Despite the fact that our credit scores are going to be nearly the same I am going to qualify for a much higher credit line than she is simply due to my stronger credit history.
Want an even worse example, my mom owned 50% of my parent’s business and was denied a credit card in the business’ name.
A lot of banking only lists one primary account holder and who ever has that is going to have more credit history.
That's the trouble: amateurs are second the professionals.
They should first ask: Why would bank discriminate against a qualified borrower? That would be both illogical and illegal. Banks are in it to make money -- they don't make decisions based on what's between a person's legs.
Apple co-founder says Apple Card algorithm gave wife lower credit limit
The idiot who filed this tirade complaint, will find out the exact reason he is claiming he and his wife should have the same credit limit, (married, joint tax return, and community state) is the exact reason his wife is being treated as an individual. In the past women credit worthiness was based on joint activity and if the husband had bad credit then the would wife have bad credit and could not leave the marriage since she could not get credit. The discrimination he is complaining about is about women having their own credit history separate from his which was cause by men behaving badly in the past. It sounds like this guy want to control his wife.
Yes they do, you can thank the last administration for all this heavy handed over regulations. Today banks can not extend credit on your assets, only on your ability pay based on your wages. My in-laws who are retired, sold their house to move into something more manageable and needed a temporary loan during the transition and had lots of saving and equity in the house they were selling but no bank would cut them a loan for the simple fact they have no income other than SS and some IRA income.
You should be happy your retirement accounts are not being manage by the Labor department today. That was the other regulation which came out of the 2008 crash and was put in place right at the end of the last administration. It did not get implemented by the new administration, it was killed. Otherwise the Labor department would have say so over how your retirement money could be invested. No more Apple stock in your IRA.
For Reference sake, read one after the other.
https://www.independentsentinel.com/obama-labor-dept-sets-stage-for-nationalizing-retirement-accounts/
https://www.businessinsider.com/trump-executive-order-on-fiduciary-rule-main-street-retirement-money-2017-2
https://www.whitehouse.gov/presidential-actions/executive-order-strengthening-retirement-security-america/