The Apple Card is designed to work digitally. To start, you apply through the Apple Wallet app, though you can also apply for the Apple Card online after logging in with your Apple ID. If you get the card, you use the same app to make payments, track spending and manage your cash-back rewards. Show The physical card — attractively designed and made of titanium — is somewhat of an afterthought. You won’t receive it automatically; you’ll have to specifically request one when you apply for the Apple Card instead. The physical card will earn a lower cash-back rate compared with using the digital card through Apple Pay, the company's payment system. The Apple Card’s current rewards categories include:
1. Determine if you’re eligible for the Apple CardTo be eligible for the Apple Card, you must meet the following criteria:
Is there a credit score requirement for the Apple Card? Neither Apple nor the card's issuer, Goldman Sachs, has specified a credit score range for the card. Apple has said it wants the card to be widely available, suggesting that applicants don't need excellent credit (generally defined as a credit score of 720 or better). Credit cards in its class generally require at least good credit (690 or better). 2. Get preapprovedIf you meet the above requirements, you can proceed with the next step: the preapproval. You’re essentially applying for the Apple Card, but there’s no hard credit inquiry at this point. This means you’ll be able to see the interest rate and credit limit you’d qualify for without affecting your credit scores. To start this process:
🤓Nerdy Tip Your application may be declined based on your financial information or credit history. If this happens, you’ll receive an email explaining the cause. You may be invited to join the Path to Apple Card program, which offers personalized step-by-step guidance that can help improve your eligibility in the future. 3. Accept the offered termsIf your application is approved, you have 30 days to accept the offer. If you do so, a hard inquiry will be performed on your credit and your credit scores may be affected. Once you accept, you get instant access to the card in Apple Wallet. You can request a physical card and, if you want to share your account by adding a co-owner or authorized user, you can set up Apple Card Family. Is it hard to get approved for Apple Card?Applicants with scores above 660 are "considered favorable for credit approval," according the Apple Card's website. In other words, those with at least a "good" score have a chance at getting the card. Apple Card's issuer, Goldman Sachs, uses the FICO Score 9 score model, which ranges from 300 to 850.
Can I get an Apple Card with a 550 credit score?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.
What is the lowest credit limit for Apple Card?It does have credit limits. 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.
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