The Apple Card’s credit score requirement is 700 or higher. That means applicants need at least good credit to qualify for an Apple Credit Card account. 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. The majority of people approved for the card say their scores were well above 700.
It’s good to note that the Apple Card credit score requirement is comparable to that of similar cards on the market. Other no-fee cash back cards, such as Capital One Quicksilver and Chase Freedom Unlimited, also require good credit at a minimum.
But an applicant’s credit score isn’t the only factor that plays a part in approval for the Apple Card. Goldman Sachs, the issuer, also considers many other factors. Those include 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.
There are many reasons why an Apple Credit Card application was denied, and the issuer must provide those reasons. However, one of main reasons is not meeting the credit score requirement (a score of at least 700).
If you got denied because of your credit score, Goldman Sachs, the card’s issuer, would send a copy of the credit score and the top factors contributing to your credit score. You could also be denied for a reason unrelated to your credit, like your income or employment history. Again, you will get a detailed explanation from the issuer.… read full answer
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