Goldman Says It Plans to Allow Shared Household Apple Cards
- Change comes after accusations of gender bias in credit lines
- Card-sharing often leads to greater usage of accounts
Apple card displayed on screen during an event in Cupertino, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. said it will introduce the ability for household members to share an Apple Card credit line after claims of bias in its underwriting process.
The Apple Card previously had individuals apply for their own cards. That led to controversy following social media postings in the past week by a tech entrepreneur and Apple Inc. co-founder Steve Wozniak complaining about unequal treatment of their wives in getting approved for credit lines.