Is The Apple Card Hard To Get Approved For?

Is the Apple card worth it?

Only worth it for Apple users: The card’s value comes from Apple Pay, which you can’t use without an Apple device.

Sub-par rewards rate on non-Apple and non-Apple Pay purchases: The physical Apple Card may look cool, but there’s no reason to carry it with you if you’re open to having more than one credit card..

Is 10000 a good credit limit?

You can’t exactly predict a credit limit, but you can look at averages. Most creditworthy applicants with stable incomes can expect credit card credit limits between $3,500 and $7,500. High-income applicants with excellent credit might expect a credit limit of up to or more than $10,000.

What credit score do you need for Apple card?

What credit score do you need for the Apple Card? According to Apple, customers with a credit score lower than 600 might not be approved for the Apple Card. This means that some applicants with fair or average credit (scores ranging between 580-669) might be accepted for the Apple Card, while others might be declined.

Why can’t I get approved for an Apple card?

Applications are approved or denied by Apple’s financial partner, Goldman Sachs, and that institution may reject your application for the following reasons: You’re currently past due or have recently been past due on a debt obligation. … You don’t have sufficient disposable income after you pay your existing debts.

How long does it take to get approved for Apple card?

It can take somewhere between 7-10 business days to get approved for the Apple Credit Card. In some cases, you could get immediately approved. If you do, you’ll get an offer with your initial credit limit and APR after applying. If you accept the offer, you can start using your Apple Card with Apple Pay.

Does Apple card automatically increase credit limit?

Process for requesting a credit limit increase Goldman Sachs does not offer automatic credit line increases on the Apple Card or any specific guidance on the best time to try – it’s up to you to submit your request when you feel ready.

Does Apple card have a credit limit?

Speaking of over-spending, while Apple claims it won’t limit rewards, that’s not entirely true. The Apple Cash card will still come with a credit limit — meaning that people won’t be able to spend with abandon in search of cashback without making some credit card payments.

What credit score do you start with?

Most in the U.S. start at 300, and sometimes lower, depending on the scoring system — so you can’t have a credit score of zero. Some credit scores, such as Bankcard and Auto scores, can range from 250-900. Before your information appears in a credit bureau file, your credit history simply doesn’t exist yet.

Does Apple do a hard credit check?

You will only be hit with a hard inquiry if you are approved and accept your Apple Card offer. Any other situation (you are declined, or you are approved but decline the offer) will only result in a soft inquiry on your credit.

How can I build my credit fast?

Steps to Improve Your Credit ScoresPay Your Bills on Time. … Get Credit for Making Utility and Cell Phone Payments on Time. … Pay off Debt and Keep Balances Low on Credit Cards and Other Revolving Credit. … Apply for and Open New Credit Accounts Only as Needed. … Don’t Close Unused Credit Cards.More items…•

What’s the catch with Apple card?

But yes, there is a catch. While Apple won’t charge you a penalty for missing a payment — for example, no $25 late fee in addition to what you already owe — you’ll still get charged interest. According to Apple’s website: Late or missed payments will result in additional interest accumulating toward your balance.

Is the Apple card a good first credit card?

No less safe than any other credit card. Probably a bit more safe; since this is the only credit cars Goldman Sachs issues, they’re a much smaller target than, say, Capital One.