Does the Apple Credit Card do a hard inquiry? This question is about the Apple Card

Does the Apple Credit Card do a hard inquiry?

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This question is about the Apple Card

Theo Frank, WalletHub Credit Card Analyst

@frankth19 • 03/19/20 This answer was first published on 10/14/19 and it was last updated on 03/19/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

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.

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How can I qualify for Apple Credit Card pre-approval?

You cannot qualify for an Apple Credit Card pre-approval, because the issuer doesn’t offer this option.

You can, however, check if you pre-qualify online by applying for the card, without hurting your credit score.

Bear in mind that after they confirm your approval, only by accepting the Apple Credit Card will they do a hard pull on your credit report. This may hurt your credit score temporarily.… read full answer

If your application is declined, you might receive an invitation to join the Path to Apple Card program, which could help improve your financial situation. Completing this program will earn you an invitation to reapply for the Apple Credit Card.

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What is the Apple Card's credit score requirement?

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.

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How do I apply for an Apple Card?

The only way to apply for the Apple Card is through the Wallet app on an iOS device, such as an iPhone or iPad. Other than making you sign in to iCloud, the application itself is pretty similar to any other credit card application. Applying should only take a few minutes.

… read full answer

How to Apply for the Apple Card:

Update your Apple device to the latest iOS version.

Make sure there is no freeze on your credit report.

Tap the “Add” button (a plus sign), select the Apple Card, and click “continue.”

Fill in the application with your name, date of birth, phone number, address, last four SSN digits, citizenship status, and income.

Scan your driver’s license or government-issued photo ID if prompted. Only some applicants will be asked to do so.

Accept the terms and conditions and submit your application.

Wait for a decision from Goldman Sachs, the Apple Card’s issuer.

If you are approved for the Apple Card, which should happen right away, you will see an initial credit limit and APR. You can choose whether to accept or reject the offer. If you accept, there will be a hard pull of your credit. Otherwise, there will not be a hard pull, but you will not get the card.

Assuming you’re approved for the Apple Card after applying, you’ll see the card in the Wallet App and Apple Pay right away. You can use it to make purchases even before the physical card comes in the mail.

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