Is It Hard to Get the Apple Card? (2024)

FAQs

Is It Hard to Get the Apple Card? ›

Yes, it is hard to get the Apple Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the Apple Card.

When you apply for an Apple Card, Goldman Sachs will review your FICO® Score based on the information on your TransUnion credit report. While some people have been approved for the Apple Card with subprime or fair credit scores (under 670), you'll have an easier time getting approved with a good to excellent score.

If your credit score is low — for example, if your FICO^® Score 9 is less than 610⁶ or Lift Premium score is lower than 580⁷ — Apple Financing might not approve your application.

Apple may conduct a soft credit pull when you apply for Apple Pay Later. This won't affect your credit score. Though there's no minimum credit score required, users with a 610 FICO score or lower may have a harder time getting approved, according to Apple's website.

When you request an Apple Card credit limit increase, Marcus by Goldman Sachs will conduct a soft pull of your credit report, which does not affect your credit score. However, some Apple Card credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score.

The Apple Card credit limit is usually around $2,500 to start, according to forum posts, and some cardholders report limits as high as $20,000. Marcus by Goldman Sachs does not include any specific Apple Card credit limit information in the card's terms, though.

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.

Goldman Sachs uses TransUnion and other credit bureaus to evaluate your Apple Card application. If your credit score is low (for example, if your FICO9 score is lower than 600),⁵ Goldman Sachs might not be able to approve your Apple Card application.

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.

The OpenSky® Plus Secured Visa® Credit Card is the easiest credit card to get approved for because there's no credit check for new applicants. In addition to being easy to get, the OpenSky Plus Card has a $0 annual fee and reports to the major credit bureaus, making it easy to save money and build credit.

What is the minimum FICO score 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.

The Apple Card is worth it if the following things apply to you: You aren't concerned about the potential one-time hit to your credit score. Apple Pay is widely accepted as a payment option from the stores and websites you shop. You buy products from Apple, the App Store, and Apple Services.

Randomly selected Apple users can apply for a loan using their Apple Wallet app and divide a purchase into four equal payments. Applying only results in a soft credit check, meaning there won't be a hard inquiry to affect your credit.

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.

If you have an Apple Card account, this information is reported by Goldman Sachs Bank to each of the three major credit bureaus — Equifax, Experian, and TransUnion¹ — on at least a monthly basis. Your Apple Card will appear as a separate trade line on your credit report labeled APPLE CARD - GS BANK USA or GS BANK USA.

Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.

Your Apple Card approval odds are good if you have a credit score of 700+, which is considered good credit. Approval odds for the Apple Card will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN or ITIN, as well.

In March 2020, about 3.1 million Americans held the Apple Card. That number grew to 6.7 million cardholders as of early 2022. Six in ten Apple Card users use it as their primary credit card.

No, the Apple Card is not a good first-time credit card because it is only available to people with good credit or better. People who've never owned a credit card are unlikely to get approved unless they've built good credit through other means. There are plenty of good first-time credit cards on the market, though.

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.