The controversy started over the weekend when it was revealed the wives of two tech titans had a much smaller credit limits on their Apple Cards than their husbands.
In common practice, the factors that Hansson and Wozniak mentioned as reasons that their wives should have gotten higher credit limits are not among the factors that credit card issuers typically use to determine creditworthiness, experts say."Filing jointly on your taxes doesn't matter and you generally don't list your assets or net worth on an application either," says Matt Schulz, chief industry analyst at Comparecards.com.
Jennifer Bailey, vice president of Apple Pay, speaks during an Apple product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Controversy broke out over the weekend when it was revealed the wives of two tech titans had smaller credit limits on their Apple Cards than their husbands.Credit expert Michelle Black of CreditWriter.
Whether Lacewell's investigation will do anything to change that remains to be seen. But in the meantime, there are some simple steps you can take right now to ensure you get the credit line you're entitled to for your financial situation. Experts advise the following:
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