Women & Credit

WOMEN & CREDIT

“Banks could refuse women a credit card until the Equal Credit Opportunity Act of 1974  was signed into law. Prior to that, a bank could refuse to issue a credit card to an unmarried woman, and if a woman was married, her husband was required to cosign.  

Many banks required single, divorced or widowed women to bring a man with them to cosign for a credit card, according to CNN, and some discounted the wages of women by as much as 50% when calculating their credit card limits, according to an article from Smithsonian Magazine.”

Women's rights and their money: a timeline from Cleopatra to Lilly Ledbetter | Money | The Guardian

How Ruth Bader Ginsburg Paved Way for Women to Get Credit Cards | NextAdvisor with TIME