The Apple Card’s new feature tackles one of credit’s biggest problems

At its Spring Loaded event held virtually on Tuesday, the very first thing Apple announced was a new Apple Card feature called Apple Card Family. Available in the U.S. in May, Apple Card Family allows two people to co-own an Apple Card credit card, merging their credit lines while building credit together equally. Apple Card Family also lets parents share an Apple Card with their children.

This comes almost a month after the New York State Department of Financial Services (NYDFS) released a report that cleared Apple and Goldman Sachs of gender-based discrimination. That followed an investigation initiated by online complaints shared shortly after the card’s initial launch in 2019. At the time, tech entrepreneur David Heinemeier Hansson tweeted that he had received a credit limit that was 20 times higher than what his wife Jamie was offered despite her higher credit score.In its investigation, NYDFS found that gender was not a factor influencing Apple Card eligibility. Still, spouses’ credit scores, debt, income, missed payments, how they used their credit, and other credit history elements were considered. In the end, NYDFS concluded that none of the factors identified was an “unlawful basis” for a credit determination. 


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