Reply to Enlighten me about SAHMs and credit cards

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[quote=Anonymous]In an attempt to protect those who cannot afford it from acquiring too much debt, the Card Act requires credit card issuers to evaluate an
application based on the individual applicant's household info and not HHI.

Many stay-at-home parents are angry abut this and think it devalues the worth of a SAHP's work. I don't understand this angle, so I'm asking (non-bitchily, non-snarkily, not trying to start a SAH debate) that someone enlighten me and help me understand why.

http://money.cnn.com/2012/05/16/pf/credit-cards-stay-at-home-moms/

A person who is against this law was quoted in the story as saying:

[quote]"I think it's demeaning -- I don't want to ask my husband's permission for a credit card," McCall said. "Just because I don't get a direct paycheck for [my work], doesn't mean it's not worthwhile work that I'm doing."[/quote]

Is this not mixing two separate issues? Yes, being a SAHM is worthwhile and important, but what does that have to do with demonstrating income on a credit application? I applied for the credit cards I have before this law was enacted, so my HHI was able to get me approved for the cards without having my spouse co-sign for me. My income of $0 would not have been enough. I know that now, it wouldn't be as easy, and although it's an extra hassle, it makes sense to me. I don't find relying on my spouse's income to be demeaning so I don't find needing to have him co-sign a credit application for me demeaning.

Another quote from the article:

[quote]Some petitioners dressed up as housewives from the 1950s -- complete with A-line skirts, pearls and tightly pulled back hair -- since the rule "feels like a flashback to the 1950s because of the way women aren't empowered financially." One petitioner held a sign in the shape of a credit card with the word "DENIED" stamped on it in red.[/quote]

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