Summary. The Apple Card is a good cash back card if you are an avid Apple user. If you want a new way of using a credit card, this is the way to go. If you have other goals, such as travel or earning credit card points, this may not be the card for you.
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.
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.
Goldman Sachs will need your credit history with Apple Card to inform any request for credit limit increases on Apple Card. This can take six months or more. You must call (1-877-255-5923) or message Goldman Sachs to request a credit limit increase.
The starting credit limit for the Apple Credit Card is $250. But yours may be more if your credit score, income, and other financial information qualify you for it. If you're not satisfied with your limit, you might request a credit limit increase after 6 months of opening your account.
The Apple Card uses the credit bureau TransUnion for approval, according to Apple's website. ... If you're approved for the Apple Credit Card, Goldman Sachs will report monthly to TransUnion. But they will not report to Experian or Equifax at this point in time.
To prepare, you might want to have at least three cards: two that you carry with you and one that you store in a safe place at home. This way, you should always have at least one card that you can use. Because of possibilities like these, it's a good idea to have at least two or three credit cards.
Your Apple Card number in Wallet can be used to pay anywhere that you manually enter a credit card number to pay, like on the web or within apps.
Soft inquiries don't have any impact on your credit scores. Hard inquiries may remain in your credit reports for about two years and they can impact your credit scores.
Close no more than one credit card every six months, McClary says. "You want to be very careful about how you do it," he says. "Understand that even if you don't close them all at once – you just take them one at a time – it's still going to have a negative impact on your credit score," he says. Updated on Oct.
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