Goldman Sachs Offers Apple Card Credit Limit Re-evaluation To Address Concerns

Goldman Sachs Offers Apple Card Credit Limit Re-evaluation To Address Concerns

4 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/goldman-sachs-offers-apple-card-credit-limit-re-evaluation-to-address-concerns/

The 'Apple Card sexist program' discussion is still going on, with Goldman Sachs CEO Carey Helio stepping in to share an explanation. Carey has explained that during Apple Card's application process, the bank does not know the applicant's  gender or marital status.

Not knowing the applicant's gender or marital status means that any accusations of sexism are moot. The main issue seems to be that many applicants have been using supplemental credit cards, which limits the user's personal credit history. This means that they might have a good credit score, but limited history impacts their creditworthiness. This reasoning is used across the industry by different banks and is not something unique to Apple Card and Goldman Sachs.