Will getting an Apple Card affect my credit score?

Your credit score won't be impacted if you're declined, or don't accept your offer. Your credit score might be impacted if your application is approved and you accept your offer. You can apply for Apple Card again, but you might receive the same decision.

Does the Apple Card do a hard pull?

Apple does a soft credit pull when you apply for Apple card so you can see Apple's offer with credit limit and APR. A hard pull happens after you hit the "accept" button.

What credit score do you need for Apple Card?

Maria Adams, Credit Cards Moderator

The Apple Card's credit score requirement is 700+. This means that you need at least good to get this card. While it's possible to be approved with a lower score due to a high income or other positive factors, it's best to not take the risk.

Does getting denied for Apple Card hurt your credit?

This will likely cost you a few points on your credit score. It will happen whether your application is approved or denied, and the difference won't show up on your credit report. A high number of recent credit applications is a negative factor when applying for an Apple Card or any line of credit.

Does the new Apple Card build credit?

Apple Card Family Co‑Owners share their credit lines for a combined limit. Co‑Owners build credit as equals, ¹⁰ can manage the account together, and can set limits for Participants. A Co‑Owner must be in the same Family Sharing group, and if they don't already have their own Apple Card, they'll need to apply for one.

Apple Card Q

What is the max credit limit on Apple Card?

The limits are determined by the cardholder's credit score, credit age, and income at the time of application. Cardholders have reported credit limits as low as $50 and as high as $15,000. An Apple Card may be shared using Apple Card Family. It requires each person to be over 13 years old to share the card.

Is the Apple Card a good starter card?

While the card does feature interest-free financing options for multiple Apple-branded devices and accessories, there's no introductory APR offer on other kinds of purchases. With APRs ranging from 10.99% to 21.99% as of April 2020, this is not an ideal card if you need to carry a balance.

Why is Apple Card so hard?

Apple highlights several factors that can affect approval: If you're behind on debt obligations or have previously been behind. If you have negative public records. If you're heavily in debt or your income is insufficient to make debt payments.

Is Apple Card monthly installments worth it?

With Apple Card Monthly Installments, you are promising to pay for the total cost of the iPhone by paying your credit card bill each month. If you buy the most expensive iPhone at, say, $60 per month, but only pay $30 a couple of those months, you won't get in trouble.

What happens if I decline Apple Card offer?

Your credit score won't be impacted if you're declined, or don't accept your offer. Your credit score might be impacted if your application is approved and you accept your offer. You can apply for Apple Card again, but you might receive the same decision.

How can I raise my credit score to 800?

Who is eligible for Apple Card?

To be eligible to apply for Apple Card, you must be 18 years old or older, depending on where you live. You must be a U.S. citizen or a lawful resident with a valid, physical U.S. address that's not a P.O. Box. You can also use a military address. Your device must be compatible with Apple Pay.

Is the Apple Card actually titanium?

Bloomberg Businessweek sent an Apple Card to University of California, Berkeley professor and mineralogist Hans-Rudolf Wenk to determine the card's atomic makeup. The answer: 90% titanium and 10% aluminum.

Does Apple Card have annual fee?

No Fees. We want to make it easier to pay down your balance, not harder. So Apple Card doesn't have any fees. No annual, over-the-limit, foreign-transaction, or late fees.

Can you pay off Apple Card installment early?

To Pay Early:

Open the Wallet app and tap Apple Card. Tap the more button , then tap Monthly Installments. If you have multiple monthly installments, you see the balance for all of your monthly installments. Tap Pay Early, then tap Continue.

Can I use my Apple Card anywhere?

You can request a titanium Apple Card and use it to pay anywhere in the world that Mastercard is accepted.

Why do I keep getting denied for Apple Card?

Your credit score is too low

Apple lists a FICO credit score of less than 660 as an example of a score that may be too low to qualify for the Apple Card. A score higher than 660 is no guarantee of approval, however, and plenty of users with scores in the 700s have reported being denied.

What is a FICO score of 9?

FICO 9 is a credit scoring model owned by the Fair Isaac Corporation (FICO), who introduced it to creditors in 2014 and consumers in 2016. As with FICO's older models, such as FICO 8, it scores your credit on a scale from 300 to 850. Your FICO 9 score indicates how likely you are to repay your debts.

What are the benefits of having an Apple Card?

Is Apple Card a Visa or Mastercard?

The Apple Card is a Mastercard, not a Visa. You can use your Apple Card at nearly 11 million merchants that accept Mastercard nationwide, and you can use it abroad in more than 200 countries and territories.

What Bureau does Apple Card pull?

The Apple Card uses the credit bureau TransUnion for approval, according to Apple's website. But it is possible that Goldman Sachs (the issuer of the Apple Card) will pull credit reports from other bureaus as well.

How often does Apple Card Give credit increases?

Apple states in its “financial health” info that you can make a credit limit request after having your Apple Card for four months, but, according to the support page, Goldman Sachs uses your credit history with Apple Card to inform any request for credit limit increases, and this can take six months or more.

Does asking for a credit increase Hurt score?

Regardless of whether your credit card issuer performs a hard or soft credit check (or both), when you ask for a higher credit limit, the impact those inquiries have on your credit score is typically negligible in the long run.

Is Apple Card a status symbol?

The Apple Card is Apple's thinnest and lightest status symbol ever.