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Apple is being probed by New York’s State Department of Financial Services after angry customers accused the algorithms behind its new credit card, Apple Card, of being sexist against women.
The drama unfolded on Twitter over the weekend as David Hansson, creator of Ruby on Rails, the popular framework for the Ruby programming language, berated Apple for giving his wife, Jamie, 20 times less credit than him, despite them both applying for Apple Card using information from joint tax returns.
Couple - Jamie - Credit - Limit - David
After the couple complained, Jamie’s credit limit was boosted until it matched David’s. They were told by two Apple representatives that the issue was down to its algorithms and that Jamie should check her credit score. It turned out, however, that Jamie’s credit score was actually higher than her spouse’s.
The Apple Card was created and designed by Apple, but is issued by Goldman Sachs. A statement from the US bank’s spokesperson said each credit card application is evaluated independently.
Individual - Income - Individual - Creditworthiness - Factors
“We look at an individual’s income and an individual’s creditworthiness, which includes factors like personal credit scores, how much debt you have, and how that debt has been managed. Based on these factors, it is possible for two family members to receive significantly different credit decisions.”
Although Jamie has a higher credit score than her husband David, it’s possible that the disparity of their Apple Card credit limits is due to a difference between their personal incomes.
Payment - Debts - David - Share - Accounts
“I have never had a single late payment. I do not have any debts. David and I share all financial accounts, and my very good credit score is higher than David’s,” Jamie said on Monday.
“I had a career and was successful prior to meeting David, and while I am now a mother of three children — a 'homemaker' is what I am forced to call myself on tax returns...
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