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What Credit Score For Apple Card

How Do You Get The Apple Card

Apple Card Q& A: Credit Score, Eligibility, Credit Limit, Setup | Top Questions Answered!

Signing up for Apple Card is as simple as opening up the Wallet app, tapping on the Apple Card interface, and walking through the activation steps. Much of the information you need is pulled from your Apple ID, which means Apple Card setup takes just a couple of minutes to set up. You can also apply on Apple’s website when making a device purchase that uses the Monthly Installment Plan or through the Apple Card website.

Information required includes first and last name, date of birth, phone number, home address, country of citizenship, the last four digits of your Social Security number, and your annual income. Some users may also be asked to scan their driver’s license or state ID. There is an issue with the Apple Card right now that prevents Apple from accepting vertical IDs.

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What Are The Security And Privacy Features With The Apple Card

Security is one of the features Apple touted in its Apple Card announcement. Aside from the physical card designed to discourage theft, the digital side of the Apple Card has a lot of features that make it secure and privacy oriented.

The core of the Apple Cards security, like most of Apples other security features for its mobile devices, lies in the Secure Element chip. The Secure Element is an encrypted chip where sensitive information, like Touch ID/Face ID biometric data, is stored.

Data stored in the Secure Element is inaccessible to iOS, macOS and watchOS, is never shared with Apple and is never stored online. In short, the Apple Card has a security element that requires it to be authorized on a users particular device using their face or fingerprint for verification.

SEE: iPhone 12: A cheat sheet

When a new Apple Card is created on an iPhone, a unique device ID is created and stored in the Secure Element. Every Apple Card transaction requires not only the card number, but also the unique device ID and a one-time code that is generated when the cards owner verifies the transaction using Touch ID or Face ID. In an ideal world where biometric security is foolproof, this means the theft of an iPhone wont necessarily lead to the theft of an Apple Card.

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How To Increase Your Chances Of Getting Approved For Apple Financing

Getting approved for Apple Financing requires a little planning. When applying for new credit, its essential to know your credit scores and whats on your credit reports.

Apple Financial Services wants to see a strong credit history, steady income, and low credit utilization. If youre using too much of your existing revolving credit, its a sign that you may not pay them back. Youll also want to make sure you havent applied for too much credit in the recent past. Having too many credit inquiries can lessen your chances of getting approved.

Apple Card Eligibility And Immigrants

You may not qualify for an AppleCard

One of the most unique angles of the Apple Card is its atypical eligibility criteria, which, yes, includes some fairly standard items like being 18 years of age and having a U.S. residential address. But it also includes items like LPR status.

The other criteria that will prevent green card holders from getting an Apple Card is a lack of social security number. Green card holders are eligible for social security numbers, but must apply for and get theirs before being eligible for an Apple Card.

Though its not explicitly stated, the Apple Cards eligibility criteria suggest that it be immigrant-friendly, unlike many major credit card companies and banks. While many credit card companies will offer immigrants the possibility of qualifying for their lines of credit, most rule out visa and green card holders for reasons related to visa status or lack of credit history. But Apple Cards criteria, while including language about LPR status and credit reports, appears to a great deal more relaxed than the average credit card criteria.

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How Do I Find Out My Credit Score

There are a number of ways you can find out your credit score , and a lot of them are free. For a long time, people were only able to check their credit score once per year for free and would have to pay a fee each additional time. That has since changed, and there is now a multitude of services that allow you to track and check your credit score as many times as you would like without paying anything. A few of these services, like , provide your credit score for free as well as a host of other things like free tax returns, unclaimed money, and help with disputes on your credit. A lot of credit cards have started to provide free credit scores to their cardholders as well, so check with your card providers to see if it is an included benefit with your card.

See If You’re Eligible

  • 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. See which devices are compatible with Apple Pay. Make sure that your device has the latest version of iOS, watchOS, or macOS.
  • You must sign in on your device with your Apple ID and use two-factor authentication.
  • If you have a freeze on your credit report, you need to temporarily lift the freeze to apply for Apple Card. Learn how to lift your credit freeze.
  • You might need to verify your identity with a Driver License or State-issued photo ID.5
  • Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch.
  • If you apply online, use a supported browser. To access and use all Apple Card features, you need to add Apple Card to an eligible iPhone or iPad that you own with the latest version of iOS or iPadOS. Then, you can manage your Apple Card on your device and make purchases anywhere Mastercard is accepted. If you don’t add Apple Card to an iPhone or iPad that you own, you can only use your Apple Line of Credit for eligible purchases online and in-store at Apple.
  • Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.
  • If your photo ID won’t scan properly, contact Apple Support.
  • Read Also: How Long Do Things Stay On Your Credit Report

    Is The Apple Card A Good Corporate Card Option

    Apple hasnt said the card is exclusively for consumers, but the way Apple discusses and markets it paints the card as almost exclusively a consumer product and not a business one.

    The Apple Card is closely integrated with Apple Pay and the Wallet app, which means its closely tied to individual Apple IDs. Businesses that want their employees to use an Apple Card would seem to have no way of managing the card since all the payment information is processed via the card owners Apple ID.

    Even if a business had its employees register for individual Apple IDs, there would still not be a reliable way for them to keep track of card purchases since all the information associated with a card is connected to the device its created on.

    In short, it doesnt seem like the business world was thought of when the Apple Card was designed whether that will change in the future remains to be seen, but businesses looking for a new corporate card should probably look elsewhere.

    SEE: Checklist: Managing and troubleshooting iOS devices

    Apples Rejection Letter Might Blame Other Factors

    How To Get an Apple Credit Card with NO HARD INQUIRY!

    Online discussion forums now have plenty of data points on the terms of Apple Card acceptance offers, as well as countless examples of rejection letters that confound recipients. Given that Apple exalts simplicity, theres something wrong when even credit card mavens cant understand Apple Card rejections, so the algorithms method for explaining its reasoning might also need some fine-tuning.

    I asked Goldmans representatives about apparent inconsistencies and inaccuracies in Apple Card rejection letters. In some cases, a rejection letter may not explicitly identify bankruptcy as the critical issue, preventing rejected applicants from moving on with the knowledge that they wont be accepted anytime soon. Alternately, a rejection letter might list three reasons for rejection based on the same underlying situation contradicting an otherwise stellar payment history report from Credit Karma, including a multi-year history of 100% on-time debt payments.

    Silver suggested that there may be disconnects between what people see summarized by third-party credit monitoring services and the more granular data Goldmans system uses to make decisions. As such, a single bankruptcy filing might inaccurately show up twice on the list of rejection reasons and trigger the listing of a third reason that might not be correct. Contacting TransUnion could help applicants resolve some problems, but others are clearly attributable to disclosure issues with Goldmans automated rejection system.

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    Basics Of Getting The Apple Card

    There are a few basic requirements for getting the Apple Card. For starters, its available only to current users of eligible Apple devices with an Apple ID. You must also be at least 18 years old and a U.S. citizen or lawful resident with a U.S. residential or military address.

    Additionally, Goldman Sachs, the cards issuer, will need to check your before making an approval decision so if youve frozen it for some reason, youll have to unfreeze it before you apply. You may also need to verify your identity with a drivers license or state-issued photo ID .

    Youll likely get an approval decision instantly in the Wallet app and, in the case of a denial, an explanation regarding why you were not approved but you may see a message saying your application is in review. This means Goldman Sachs needs more time to consider your application or verify your identity.

    If your application is in review, Apple says you should expect to hear back in one to three business days, though some users have reported waiting longer. Unfortunately, there is currently no way to check on the status of your Apple Card application prior to a decision, but you may receive updates about your application or requests for additional information via email or phone call.

    You Want To Share Your Account With Family

    At first, the Apple Card didn’t allow authorized users. However, Apple Card Family launched in April 2021, giving you the ability to share one card account with up to five other people. You can designate a co-owner, who is equally responsible for paying the bills, and authorized users . Account activity is reported to all three major credit bureaus for co-owners, as well as for participants who are 18 or older and opt in to credit reporting. Each member of an Apple Card Family group earns Daily Cash through their purchases and gets to keep the cash back they earn. This is unlike many other authorized user arrangements, where earned rewards go to the primary cardholder.

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    How To Make Purchases Online

    To use your Apple Card for mobile purchases, simply select Apple Pay at checkout. Double-click the side button on your iPhone to confirm the purchase, complete the authentication step and the transaction will process automatically. You can also make Apple Pay purchases on your iPad, Apple Watch or Mac.

    Buy Your New Iphone From Apple Pay For It With Your Carrier

    You may not qualify for an AppleCard

    Choose from select carrier plans when you buy online. Or visit an Apple Store for even more options.

    iPhone 13

    T-Mobile Special Deal: Offer pricing will reflect savings up to $400 , $200 or $100 with purchase and T-Mobile financing of qualifying iPhone and choice of eligible data plan. Savings comprised of Apple instant trade-in credit at checkout and T-Mobile monthly bill credits applied over 24 months. Customer must remain in the T-Mobile Equipment Installment Program and on eligible data plan for 24 months and remain in good standing to receive the full benefit of the bill credits allow 2 bill cycles from valid submission and validation of trade in. Tax on pre-credit price due at sale.Limited-time offer subject to change. Qualifying credit, data plan, and trade-in in good condition required. Max 4/account. May not be combinable with some offers or discounts. Price for iPhone 13, iPhone 13 mini, iPhone 12, and iPhone 12 mini includes $30 T-Mobile instant discount. Activation required.

  • Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.
  • Accepting an Apple Card after your application is approved will result in a hard inquiry, which may impact your credit score.
  • To access and use all the features of Apple Card, you must add Apple Card to Wallet on an iPhone or iPad with the latest version of iOS or iPadOS. Update to the latest version by going to Settings > General > Software Update. Tap Download and Install.

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    Short Or Insufficient Credit History

    If you lack a credit file and are considered “,” you’ll find it difficult to be approved for credit cards that require a credit history and perform hard inquiries.

    How to improve it: Work on building credit by becoming an on someone else’s card or consider applying for cards that don’t require a credit history, such as the Petal® 2 “Cash Back, No Fees” Visa® Credit Card .

    Secured cards, such as the Capital One Platinum Secured Credit Card, also typically provide better qualification odds for credit newbies and can be used just like an unsecured card, but require a refundable security deposit in order to receive a line of credit.

    When Will The Debt Forgiveness Application Be Available

    In an , National Economic Council Deputy Director Bharat Ramamurti said that the application for student debt forgiveness will go live in early October. He also said that after borrowers complete their applications, “They can expect relief within four to six weeks.”

    “Borrowers are advised to apply by roughly Nov. 15, in order to receive relief before the payment pause expires on Dec. 31,” Ramamurti said

    You can choose to be notified when the application becomes available by going to the Department of Education subscription page and signing up to receive “Federal Student Loan Borrower Updates,” the first checkbox in a long list of education topics.

    We’ll update this story with more details when the application is available.

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    Should I Contact Them

    As a general rule, you should avoid contacting creditors though unofficial channels, for example phone and email. This is because there is no legal record of the communication, so any agreements made could be refuted in court. If you have to communicated with this Bank then you should use certified mail in order to protect yourself.

    The best way to fix your credit is to work with a professional credit repair service. They are experts at deleting of negative items from companies like Apple Bank worldwide.

    Your Credit Score Is Too Low

    Goldman Sachs is approving subprime credit scores for Apple Cards

    Apple lists a FICO credit score of less than 660 as an example of a score that may be too low to qualify for the Apple Card. A score higher than 660 is no guarantee of approval, however, and plenty of users with scores in the 700s have reported being denied.

    Further, Apple lists TransUnion as one of the bureaus Goldman Sachs uses to evaluate Apple Card applications. Additionally, Goldman Sachs uses the FICO 9 scoring model to gauge the creditworthiness of those who apply.

    Heres what Apple has to say about your credit score on its website:

    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.

    The approval decision you receive should include your credit score at the time it was checked by Goldman Sachs, as well as which of the national credit bureaus the issuer used to obtain it.

    Keep in mind that you may see a sizable difference between your FICO credit score and your VantageScore score.

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    Getting Started With Donotpay’s Clean Credit Report Product

    Regardless of your credit score problems from an Apple Card, we can help with any of the four above solutions. To get started, follow these three easy steps:

  • Search Clean Credit Report on DoNotPay.
  • Prepare a recent copy of your credit report that you can use as reference.
  • Let us guide you through the 4 potential options:
  • If you’ve already paid off your debt, we’ll help you file a Goodwill Removal Request to get it removed.
  • If you notice any errors in your report , we’ll help you file a credit dispute to the creditor or major credit bureaus.
  • If there are no errors, we’ll check if you’re still eligible to file a debt validation request. If they can’t validate your debt, they’re required to remove it from your report and they can’t collect it!
  • Lastly, if none of the above options work, we’ll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.

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