Is it hard to get an Apple Card with no credit?
Can I get an Apple Card with no credit
If you have little or no credit, you'll need to have a credit card to start building it. But as we've seen with Apple Card, it can be a challenge to get a credit card company to approve you without a payment history. Applying for a secured credit card can be a good way to establish your credit.
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What credit score do I need for an Apple Card
660
There are multiple FICO Score versions available for lenders to use. Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.
What is the minimum income for Apple Card
There is no minimum income limit you need to have.
Can I get Apple Card as my first 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.
Why did Apple Card deny me
If any of the following conditions apply, Goldman Sachs might not be able to approve your Apple Card application. You are currently past due or have recently been past due on a debt obligation. Your checking account was closed by a bank (for example, due to repeatedly spending more than your available account balance).
How long does Apple Card approval take
between 7-10 business days
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.
Is Apple Card good for building credit score
The Apple Card builds credit if you pay the bill on time. Card activity is reported to all three consumer credit bureaus, so a good payment history with the Apple Card could help raise your credit score.
Is Apple Card based on income
Learn about the key criteria used to determine whether your Apple Card application is approved or declined. Goldman Sachs1 uses your credit score, your credit report (including your current debt obligations), and the income you report on your application when reviewing your Apple Card application.
Who is eligible for Apple Card
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.
Is Apple Card good for building credit
The Apple Card can be a smart choice if you're building or rebuilding your credit, because its benefits compare favorably to other credit cards for consumers with fair credit. The fact that it explains how much interest you'll pay based on your payment amount also makes it useful if you're new to credit cards.
What credit score do you start with
zero
Some people wonder whether the starting credit score is zero, for example, or whether we all start with a credit score of 300 (the lowest possible FICO score). The truth is that there's no such thing as a “starting credit score.” We each build our own unique credit score based on the way we use credit.
How long does it take for Apple Card approval
between 7-10 business days
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.
Why am I not eligible for Apple Pay
Check that you're able to use Apple Pay: Contact your card issuer to see if they support Apple Pay. Update to the latest version of iOS, watchOS, or macOS. Confirm that you have Face ID, Touch ID, or a passcode set on your device.
Do most people get approved for an 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.
What bank does Apple Card use
Goldman Sachs
Apple Card is the first consumer credit card Goldman Sachs has issued, and they were open to doing things in a new way. And the strength of the Mastercard network means Apple Card is accepted all over the world.
What are the benefits of having an Apple credit card
A simpler, smarter credit card.Apply in as little as a minute to see if you are approved with no impact to your credit.Get unlimited Daily Cash back with every purchase.Tap to see your summary — by week, by month, or by year.Easily pin down your spending with Maps.Find any transaction with a quick and easy search.
What is the debt to income ratio for Apple Card
Make sure all your unsecured debt obligations are less than 50% of your monthly income; Not have maxed out all of your credit cards within the last 3 months.
Does Apple Card check income
Other Apple Card Approval Requirements
Your credit score isn't the only important factor when it comes to your Apple Card's approval odds. Many other factors are taken into consideration, including your income, existing debts, recent credit inquiries, and more.
How long does it take to get a 700 credit score from 0
Depending on how well you utilize your credit, your credit score may get to anywhere from 500 to 700 within the first six months. Going forward, getting to an excellent credit score of over 800 generally takes years since the average age of credit factors into your score.
What credit score does an 18 year old start with
The credit history you start with at 18 is a blank slate. Your credit score doesn't exist until you start building credit. To begin your credit-building journey, consider opening a secured credit card or ask a family member to add you as an authorized user on their account.