What is the minimum credit score to get an Apple Card?

Asked by: Lawrence Aufderhar  |  Last update: April 3, 2024
Score: 4.1/5 (48 votes)

Understanding your FICO score. Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.

Can I get an Apple Card with a 550 credit score?

If your credit score is low

Goldman Sachs uses TransUnion and other credit bureaus to evaluate your Apple Card application. If your credit score is low (for example, if your FICO9 score is lower than 600),5 Goldman Sachs might not be able to approve your Apple Card application.

Is it hard to get approved for Apple Card?

Bottom line. It's possible to get approved for the Apple Card with a credit score under 670, but your chances improve as your credit score increases. And an excellent credit score doesn't guarantee your approval, other factors are considered, such as income and payment history.

What is the minimum income for Apple Card?

While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.

What credit score is needed for Apple financing?

Apple Financing uses Experian and other credit bureaus to evaluate your Apple Pay Later application. If your credit score is low — for example, if your FICO® Score 9 is less than 6106 or Lift Premium score is lower than 5807 — Apple Financing might not approve your application.

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15 related questions found

Can I get an Apple Card with a 580 credit score?

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.

Can I get an Apple Card with a 600 credit score?

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.

Who qualifies 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.

Can I see if I prequalify for an Apple Credit Card?

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.

Is Apple Card worth it?

If you're an Apple enthusiast, this is likely a great option for you. The Apple Card comes with solid cash back rewards and no annual fees, and seamlessly integrates with your Apple devices.

What's the easiest credit card to get?

  • OpenSky® Plus Secured Visa® Credit Card.
  • Chime Secured Credit Builder Visa® Credit Card.
  • Petal® 2 "Cash Back, No Fees" Visa® Credit Card.
  • Mission Lane Visa® Credit Card.
  • Discover it® Student Chrome.
  • Self Visa® Secured Card.

What credit card can I get with a 550 credit score?

The easiest credit cards to get with bad credit are the OpenSky® Secured Visa® Credit Card and the OpenSky® Plus Secured Visa® Credit Card because they are secured cards that don't require a credit check. As long as you have a U.S. mailing address, proof of your identity and some income, you can get an OpenSky card.

Why was i declined for Apple Card?

Your credit score is too low

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.

What FICO Score does Apple Card use?

According to Goldman Sachs, the issuer of Apple Cards, apart from your credit score, your debt-to-income ratio and reported income are also important factors considered for credit card approval. Goldman Sachs uses the FICO Score 9 scoring model.

Which bureau does Apple Card pull?

The Apple Card uses the credit bureau TransUnion for approval, according to Apple's website. But it is possible that Goldman Sachs (the issuer of the Apple Card) will pull credit reports from other bureaus as well. The website says, “TransUnion and other credit bureaus.”

What credit score is needed for Amex?

While some issuers offer cards designed for those with less-than-stellar credit scores, American Express does not offer any subprime or secured cards. In most cases, you need at least good credit to get approved for an American Express card, which FICO typically defines as a score of 670 or higher.

What credit score do you need for Amazon credit card?

Approval odds

Typically, you can qualify for Synchrony's Amazon store cards with a fair credit score (580 to 669). On the other hand, you'll likely need at least a good credit score (670 to 739) to qualify for one of the Amazon Visa cards from Chase.

What is a good APR for a credit card?

So, what is a good APR for a credit card? Few of the most popular credit cards offer an interest rate below 16%. More commonly, you'll pay around 20% in interest, even if you've got an excellent credit score and especially if you're applying for any of the best rewards credit cards.

How long does Apple Card approval take?

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. If you accept the offer, you can start using your Apple Card with Apple Pay.

How many hard inquiries is too many?

Since hard inquiries affect your credit score and what is found may even affect approval, you might be wondering: How many inquiries is too many? The answer differs from lender to lender, but most consider six total inquiries on a report at one time to be too many to gain approval for an additional credit card or loan.

What is a FICO Score of 9?

FICO 9 is an updated FICO credit scoring model that was introduced to lenders in 2014 and consumers in 2016. Key changes in FICO 9 center on how collection accounts, paid and unpaid, factor into your credit score calculations.

What card can I get with 600 score?

6 Best Credit Cards for a 600 Credit Score
  • Capital One Quicksilver Secured Cash Rewards Credit Card.
  • Bank of America® Customized Cash Rewards Secured Credit Card.
  • Bank of America® Unlimited Cash Rewards Secured Credit Card.
  • Credit One Bank® Platinum Visa® for Rebuilding Credit.
  • Capital One Platinum Secured Credit Card.

What is the max credit limit for Apple Card?

The limits are determined by the cardholder's credit score, credit age, and income at the time of application. Cardholders have reported credit limits as low as $50 and as high as $15,000. An Apple Card may be shared using Apple Card Family. It requires each person to be over 13 years old to share the card.

What is the minimum credit score 580?

With a score at 580, you will likely have trouble qualifying for a lot of financial products. Scores at the low end of the Fair range could lead to approvals, but you'll likely pay high interest rates. Low credit scores affect more than loans.

Is Credit Karma credit score accurate?

The credit scores and credit reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. They should accurately reflect your credit information as reported by those bureaus — but they may not match other reports and scores out there.