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When you mention their level of wealth, it also makes me consider their fame in the tech industry and it makes me wonder what the absolute credit limits are. Th

When you mention their level of wealth, it also makes me consider their fame in the tech industry and it makes me wonder what the absolute credit limits are. They may be unusually high; and they may have gotten them in part because Apple knew who they were. Maybe their wives were treated fairly and they weren't. Say DHH got 10K USD. Then his wife got 5K USD which is really low for someone with the assets she can likely claim. But let's say he got 1M USD and his wife got a mere 50K USD...kind of a different story then.

Spooky23 7y ago
It all depends. Do they make income from work or investments? Does the spouse have a credit history? Do they have work history? Banks do underwriting in various ways. When I (white male) got an AMEX student card in college 25 years ago, I had a $3k limit. MBNA and Citi gave me $35,000 and $20,000, respectively.
scarface74 7y ago
I don’t know of any consumer credit product that takes assets into account. I doubt very seriously that Apple would call Goldman and ask them to give some people special treatment. I’m not saying that Apple wouldn’t do that because it isn’t fair. They wouldn’t waste their time doing it.
- sgerenser 7y ago
  I had mentioned on a previous thread on this topic that I've found that once you're over the "good credit" threshold, I've found that a big indicator of what credit limit you'll get on a new card is what your credit limit is on OTHER cards on your credit report. Basically, the bank is "crowdsourcing" the decision of how much credit they can trust you with to all the other banks that have trusted you in the past (whether that's the right approach or not is up to debate). I think the other idea is you have to give someone at least the same, if not higher, credit limit as the other cards they already have or they won't bother using your card. Therefore, its possible that DHH has some ultra-premium cards with 100K limits or whatever, while his wife does not, and despite having similar credit limits "the algorithm" says "hey this guy has huge credit limits and an Amex Black card, we better give him a huge limit too."
tom_mellior 7y ago
> they may have gotten them in part because Apple knew who they were This is bending over backwards to make up a "certain people are singled out for better treatment" story just so you don't have to admit to yourself that a "certain people are singled out for worse treatment" story is at least as plausible.

Spooky23 7y ago

It all depends. Do they make income from work or investments? Does the spouse have a credit history? Do they have work history? Banks do underwriting in various ways. When I (white male) got an AMEX student card in college 25 years ago, I had a $3k limit. MBNA and Citi gave me $35,000 and $20,000, respectively.

scarface74 7y ago

I don’t know of any consumer credit product that takes assets into account. I doubt very seriously that Apple would call Goldman and ask them to give some people special treatment. I’m not saying that Apple wouldn’t do that because it isn’t fair. They wouldn’t waste their time doing it.

sgerenser 7y ago
I had mentioned on a previous thread on this topic that I've found that once you're over the "good credit" threshold, I've found that a big indicator of what credit limit you'll get on a new card is what your credit limit is on OTHER cards on your credit report. Basically, the bank is "crowdsourcing" the decision of how much credit they can trust you with to all the other banks that have trusted you in the past (whether that's the right approach or not is up to debate). I think the other idea is you have to give someone at least the same, if not higher, credit limit as the other cards they already have or they won't bother using your card. Therefore, its possible that DHH has some ultra-premium cards with 100K limits or whatever, while his wife does not, and despite having similar credit limits "the algorithm" says "hey this guy has huge credit limits and an Amex Black card, we better give him a huge limit too."

tom_mellior 7y ago

> they may have gotten them in part because Apple knew who they were This is bending over backwards to make up a "certain people are singled out for better treatment" story just so you don't have to admit to yourself that a "certain people are singled out for worse treatment" story is at least as plausible.