Quick Answer: Who Qualifies For Apple Card?

Does Apple card build credit?

The card rewards Apple purchases as well as in-person and online shopping through Apple Pay, but also helps consumers pay off their balances, save money on fees and interest and build their credit over time..

How can I get approved for a Apple credit card?

Requirements to get Apple CardBe 18 years or older, depending on where you live.Be a U.S. citizen or a lawful U.S. resident with a U.S. residential address that isn’t a P.O. Box. … Own a compatible iPhone with the latest iOS version. … Use two-factor authentication with your Apple ID.Sign in to iCloud with your Apple ID.More items…•

What’s the catch with Apple card?

So what’s the catch? According to applicants, the process for applying for Apple Card is completely automated. This means credit decisions (whether or not you’re approved, what your credit limit is) are all made by an automated system that is entirely a black box.

Why dont I qualify for Apple card?

Your Apple Card application could be rejected if you’re currently lagging on debt payments, recently made late repayments, or if your bank account was closed due to repeatedly spending beyond the account balance. Also, two or more non-medical debit obligations that are recently overdue could result in a denial.

Does Apple card automatically increase credit limit?

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.

Is Apple card good or bad?

Apple Card Review Verdict: The Apple Card is a rewarding option for people with good credit or better who regularly buy Apple products and services, as well as for iPhone, Mac and iWatch users who are comfortable making purchases using Apple Pay. … The Apple Credit Card has some financial appeal for new Apple purchases.

What credit score do you need for Apple card?

Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.

Does everyone accept Apple card?

Pay with Apple Card anywhere Apple Pay is accepted, and use the titanium Apple Card or card number anywhere Mastercard is accepted.

Is getting an apple card worth it?

The minimal fees make this a good, low-cost addition to your Apple Wallet, and that’s the only place you should keep it. When making purchases outside of Apple or without Apple Pay, you’re better off with one of the many no-annual-fee cards that pay 1.5% or 2% cash back on all purchases and have a variety of benefits.

What is the max credit limit on Apple card?

$15,000Apple Card Gave Me a $15,000 Credit Limit.

How long does Apple card approval take?

Once I tapped through to agree, I was approved for Apple Card within 30 seconds. Apple presents a clear interface telling you your credit limit, interest rate, and fees (“None”). You can review that information, view terms and conditions, and either accept or decline the card.

Do you need good credit for Apple card?

You need a credit score of more than 600 to qualify for an Apple Card. If a low credit score prevents you from getting an Apple Card on your first application, the company can invite you to join its Path to Apple Card program to improve your score.

Is it hard to get approved for Apple card?

A FICO credit score of at least 600, which falls in the fair range, is needed to be approved for the Apple Card. That means subprime borrowers, or people with less-than-perfect credit, can access the Apple Card. … Your FICO score is just one factor considered when you apply for an Apple Card.

Is Apple card monthly installments worth it?

In many cases, it can be a good idea to finance your new iPhone with the Apple Card. Not only will you earn 3% cash back on your purchase, but you can also save on interest charges and pay off the phone over time.