apple card reddit credit score

No monthly obligations but a discover card I owe 900 on. This can negatively impact your credit utilization ratio especially for a more expensive phone.

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Credit limits and Credit Scores post here.

. There are two ways to opt in to build credit with Apple Card Family. The Apple Card now affects your credit score with all three major US credit rating agencies. If your credit score is low for example if your FICO9 score is lower than 6004 Goldman Sachs might not be able to approve your Apple Card application.

I am a 21 yo third year college student who has never had a credit card nor have I applied for one. Using more than 30 of your allowed credit may hurt your credit score. While its possible to be approved with a lower score due to a high income or other positive factors its best to not take the risk.

Ad Earn Cash Back on Every PurchaseEarn Rewards on Groceries Dining Gas and More. The List of Flat 15 Cashback Cards also linked in the sidebar has been updated with the new SUB info. The Apple Cards credit score requirement is good.

My credit score was only 524 at applying I did it anyways because I heard Apple offered help with a path to Apple Card basically advice on how to build credit for people with poor credit. Plenty of other banks and cards offer it. I recently had an issue with my card going over my credit limit and it resulted in my Apple Card being restricted.

Id like to see about getting an Apple Card but I am concerned about getting rejected due to my credit score. For example if you have a 3000 credit limit on your Apple Card and finance a new 1200 iPhone youll. Every time I text customer support they say its under review and Ill get a call within 24 - 48 hours.

Apple teamed up with Goldman Sachs and MasterCard to launch Apple Card in 2019. But to my surprise they ended up approving me only a 250 limit. Missing payments will also be viewed negatively on your credit report.

How to build credit history with Apple Card Family. Thats why when we created Apple Card we took every opportunity to simplify and educate. While its possible to be approved with a lower score due to a high income or other positive factors its best to not take the risk.

That means subprime borrowers or people with less-than-perfect credit can access. Other 0 annual fee cash back cards such as the Capital One Quicksilver. Other 0 annual fee cash back.

FICO Score 9 ranges from 300 to 850 with scores above 660 considered favorable for credit approval. The Apple Card s credit score requirement is good. When you accept an invitation to become a participant you can opt in to credit reporting.

Other 0 annual fee cash back cards such as the Capital One Quicksilver. The competing cards SDFCU PenFed etc require signing up for credit union membership andor have lower SUBs or in the case of SDFCU require twice as much spend 3000 for the equivalent 200. You can check your FICO score using other services that offer it.

Ways Apple Card Can Hurt Your Credit Score. A FICO credit score of at least 600 which falls in the fair range is needed to be approved for the Apple Card. Credit Karma Member.

We only have one other card that 1. If you dont have any other banks or cards that provide it then experian offers a free FICO score if you sign up. The basic range of credit score categories are as follows.

Successive missed payments can lead to your card being frozen and unable to use. I paid off the balance in full on 292022 and I still have gotten no status update on my account restriction. Its good to note that the Apple Card credit score requirement is comparable to that of similar cards on the market.

Apple Card uses FICO Score 9. So I was actually shocked I applied expecting to be denied for sure. Its good to note that the Apple Card credit score requirement is comparable to that of similar cards on the market.

When you buy a new phone on your card it reduces your available credit. The best thing you can do to make sure accepting your your Apple Card offer doesnt affect your credit score in a substantial way is to have a solid credit score built alreadyAlways pay your bills on time keep low or no balances on your cards pay off your balance every month and dont apply for a ton of cards around the time you want to also apply for. Equifax Experian and TransUnion.

Its currently 543 and my bank gave me two reasons. Balances on accounts too high compared to original CCloan amounts and 2. The 2 cash back on most purchases matches many of the highest flat-rate cash-back cards on the market.

Goldman Sachs uses TransUnion and other credit bureaus to evaluate your Apple Card application. Enjoy Rewards Your WayRedeem for Cash or Cover a Recent Purchase. A certain credit score is required to be eligible.

But it comes with a big asterisk because you must use Apple Pay to get elevated rates. 17th 2020 703 am PT. This is especially true if your credit limit is low to begin with.

Its good to note that the Apple Card credit score requirement is comparable to that of similar cards on the market. Got 1299 and 10K limit for Apple Card edit. 717 credit score 22kyear income.

Apple Card offers an APR between 1324 and 2424 based on your credit score and all approved cardholders will be placed at the bottom of the interest tier they fall into which will save everyone a little bit of interest. If you dont opt in when you accept the invitation to become a participant you can opt in at any time on your iPhone. Apple said that the card is everything a credit card should be.

Apple CardGoldman Sachs doesnt offer any credit checking or FICO score checking services yet. While its possible to be approved with a lower score due to a high income or other positive factors its best to not take the risk. Apples current Financial Health page says FICO9 scores over 660 are considered favorable for credit approval yet its possible that a customer with a.

Not sure of current score but a few years ago was 820. The Apple Card s credit score requirement is good. The world of credit cards scores reports applications interest is a complex one.

780 w a 7500 limit 1799 apr - was very surprised by the limit pleasantly - although Im going to keep the card for just Apple Pay and Apple Store purchases until they provide a joint owner option one day and then Ill consider migrating from the Chase Sapphire.

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