How do I increase my Apple Card credit limit?

The Apple Card’s credit score requirement is 700+. This means that you need at least good to get this card. While it’s possible to be approved with a lower score due to a high income or other positive factors, it’s best to not take the risk.

It’s good to note that the Apple Card credit score requirement is comparable to that of similar cards on the market. Other … read full answer$0 annual fee cash back cards, such as the Capital One Quicksilver Cash Rewards Credit Card and Chase Freedom Unlimited®, also require good credit at a minimum.

Other Factors that Determine Your Apple Card Approval Odds

But an applicant’s credit score isn’t the only factor that plays a part in approval for the Apple Card. Many other factors are taken into consideration like your income, existing debts, recent credit inquiries and more. Checking your credit score before applying is always a good idea, as is looking over your credit report to make sure there are no errors or blatant negatives that you need to fix.

Applying for the Apple Credit Card does lead to a hard inquiry into an applicant’s credit report, but only at a certain point in the application process. First, Goldman Sachs, the card’s issuer, does a harmless soft pull of the applicant’s credit. Some people may be denied right away based on this soft pull. People who seem to qualify for the card based on the soft pull will then get to see an offer for what their initial credit limit and APR would be. If they accept this offer, Goldman Sachs will then do a hard pull to finalize the application.… read full answer

So in short, everyone who gets the Apple Credit Card will have to go through a hard pull, which will temporarily drop their credit score by a few points. But people who are immediately denied or who do not accept the card’s credit limit and APR offer only have a soft pull, which will not affect their score.

Your credit limit likely went up because you received an automatic credit limit increase from your credit card company. Creditors periodically review cardholders’ accounts and may consider increasing the credit limit as a reward for consistently paying the monthly bills on time and maintaining a low debt level. Another reason your issuer might increase your limit is if you updated your account profile with a higher income. The first account review for a potential automatic credit limit increase typically happens after your account has been open for about six months.… read full answer

An automatic increase uses a soft pull of your credit, which does not hurt your credit score. A soft pull can occur at any time and without your knowledge. Some issuers may give you the option to deny an automatic credit limit increase or request an even higher limit. If you initiate a request for a credit limit increase, a hard pull may occur, depending on the issuer. Hard pulls can only be done with your permission, and may cause a slight dip in your credit score. Fortunately, hard pulls can only affect your score for 12 months and disappear from your credit report after two years.

An automatic credit limit increase could actually improve your credit score. A higher credit limit will lower your credit utilization - if your spending doesn’t increase in proportion to the raised limit. The general rule is to maintain an overall utilization ratio of less than 30 percent. Lower utilization is better for your credit score.