How your Apple Card application is evaluated

Learn about the key criteria used to decide whether your Apple tree Card awarding is approved or declined.

Goldman Sachs1 uses your credit score, your credit written report (including your current debt obligations), and the income you report on your application when reviewing your Apple Card application. This commodity highlights a number of factors that Goldman Sachs uses, in combination, to make credit decisions but doesn't include all of the details, factors, scores or other information used to make those decisions.

If you lot employ for Apple Bill of fare and your application is approved, at that place's no bear on to your credit score until you accept your offer. If you accept your offer, a difficult inquiry is made. This may affect your credit score. If your application is declined or yous reject your offer, your credit score isn't impacted past the soft inquiry associated with your application.

If your application was declined, acquire what you can exercise to try and improve your next application.

If yous're combining accounts for Apple Card Family, some of the credit factors mentioned higher up may exist considered for both co-owners when evaluating a combined credit limit for a co-owned Apple Card.2

Personal finance companies, like Credit Karma, might brandish various credit scores, like TransUnion VantageScore. While these scores can be informative, if they're non the FICO score that's used for your Apple tree Bill of fare application, they may not exist equally predictive of your approval.

You can also contact Apple Support if you lot take questions about applying for Apple Menu.

Requirements to go Apple Carte du jour

To become Apple Carte du jour, y'all must meet these requirements:

  • Be 18 years or older, depending on where you alive.
  • Exist a U.S. citizen or a lawful U.Southward. resident with a U.S. residential address that isn't a P.O. Box. You lot tin can also utilize a military address.
  • Use two-factor authentication with your Apple ID.
  • Sign in to iCloud with your Apple ID.3
  • If you have a freeze on your credit study, you need to temporarily elevator the freeze before you apply for Apple tree Card. Learn how to elevator your credit freeze with TransUnion.
  • You might need to verify your identity with a Driver license or State-issued Photo ID.

Conditions that might cause your application to be declined

When assessing your ability to pay dorsum debt, Goldman Sachs1 looks at multiple weather earlier making a decision on your Apple tree Card application.

If any of the post-obit weather condition utilize, Goldman Sachs might not be able to approve your Apple tree Card awarding.

If you're behind on debt obligationsiv or have previously been behind

  • Y'all are currently past due or have recently been by due on a debt obligation.
  • Your checking account was closed by a banking company (for example, due to repeatedly spending more than than your available business relationship balance).
  • Y'all accept 2 or more non-medical debt obligations that are recently by due.

If you have negative public records

  • A tax lien was placed on your assets (for case, due to a failure to pay sufficient taxes on time).
  • A judgement was passed against you (for example, as a result of litigation).
  • You have had a recent bankruptcy.
  • Your holding has been recently repossessed.

If you're heavily in debt or your income is insufficient to make debt payments

  • Y'all don't have sufficient dispensable income after yous pay existing debt obligations.
  • Your debt obligations stand for a loftier percentage of your monthly income (for instance, your unsecured debt obligations, such every bit loans that aren't backed by collateral, are l% or more of your total income).
  • You have fully utilized all of your credit card lines in the last three months and accept recently opened a significant amount of new credit accounts.

If you frequently use for credit cards or loans

  • You have a high number of contempo applications for credit.

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),four Goldman Sachs might not exist able to approve your Apple Bill of fare application.

Why your credit score is used

Credit scores can signal how you use and pay off debt.

How credit scores are determined

Information found in your credit report is used to determine your credit scores, which might include the following:

  • Your history of debt payments
  • Hard inquiries6 on your credit score from new credit applications
  • The amount of debt you currently take on your credit accounts
  • The age of your credit accounts
  • The amount and type of loan accounts you take open
  • The percentage of available credit yous've utilized
  • If and when yous had a foreclosure, declared bankruptcy, or had debt sent to collections

It'due south common to run across varying credit scores when you lot look at different sources. Credit Karma and other services might brandish unlike credit scores, like TransUnion VantageScore, which is dissimilar from the TransUnion FICO score that's used for your Apple tree Card application. Your credit report and the timing of when your credit score is updated tin can affect your credit score.

Past law, you're immune to become a free annual copy of your credit study and file a dispute with TransUnion if y'all detect an error.

For information nigh credit scores from TransUnion, please click hither.

What you can practice if your application is canonical with insufficient credit or information technology'due south declined

If your awarding is declined, a message with an caption is sent to the primary email address associated with the Apple ID you used to utilise for Apple Card. The message might show your credit score. If information provided by a credit bureau contributed to your awarding being declined, you lot can request a free re-create of your credit report from that credit agency using the instructions in the email you receive.

If you lot have a freeze on your credit report, you demand to temporarily elevator the freeze before you utilize for Apple Card. Larn how to lift your credit freeze with TransUnion.

If your application is declined because your identification information couldn't be verified

Make sure your name, address and other information provided on your Apple Carte du jour application is correct. If y'all observe inaccurate information, re-enter the information equally needed.

If you lot are asked to verify with an ID, follow these steps:

  1. Make sure at that place is zip between your device's photographic camera and your ID that could obscure any part of it.
  2. Cheque that the Engagement of Nativity, Concluding Name, and Address on the ID lucifer the information you entered for your Apple Carte du jour application.*
  3. Make sure the ID hasn't expired.

After you consummate these steps, submit your application again. If your application is declined once more for the same reason, contact Apple tree Support.

Your credit score won't exist impacted if you're declined, or don't accept your offering. Your credit score might be impacted if your application is approved and you lot accept your offer.

You can apply for Apple tree Card once more, but you lot might receive the same decision.

If you want to receive a unlike conclusion on your application when you employ again, you should review your credit report to see if y'all have weather condition that might event in a declined application and so cheque for these common errors in your credit study.

*If the information on your ID doesn't friction match the information you entered for your Apple Card awarding, try to utilize again later on you update your ID.

If you become an invitation to enroll in Path to Apple tree Menu

If you're approved but your credit limit isn't enough to buy a device with Apple Carte du jour Installments

How your initial credit limit is determined

To determine your initial credit limit, Goldman Sachs uses your income and the minimum payment amounts associated with your existing debt to assess your ability to pay.

In improver, Goldman Sachs uses many of the same factors that are used to assess whether your awarding is approved or declined, including your credit score and the amount of credit you utilise on your existing credit lines.

Learn how yous tin request a credit limit increase.

Why your application is pending or in review

Goldman Sachs might need more than fourth dimension to review some applications, or request more than data to verify your identity. Afterward you apply, yous are shown a message in Wallet app that will point your awarding is in review. Updates regarding your Apple Card application will be sent to the chief email address associated with your Apple ID.

Apply on your iPhone

  1. Goldman Sachs Banking company The states, Salt Lake Urban center Branch is the issuer of Apple Card.
  2. Merging accounts is subject to credit approval and general eligibility requirements. Each co-possessor is jointly and individually responsible for all balances on the co-owned Apple Carte including amounts due on your co-owner'southward account earlier the accounts are merged. Each co-owner will be reported to credit bureaus as an owner on the account. Credit reporting includes positive and negative payment history, credit utilization and boosted data. Carte du jour usage and payment history may impact each co-owners credit score dissimilar because each private's credit history will include information that is unique to them. Either co-owner can close the business relationship at whatever fourth dimension which may negatively bear on your credit and you lot will nevertheless be responsible for paying all balances on the account. Some Apple Card users may demand to contact an Apple Menu Specialist in society to combine credit limits and class a co-owned account with some other Apple Card owner.
  3. If you apply online with your Apple ID and don't add your Apple tree Card to an eligible iPhone or iPad that you own, y'all can only use information technology to make eligible purchases online and in-store at Apple.
  4. A debt obligation can include mortgages, automobile loans, personal loans, utility bills, and more than.
  5. Number provided for illustrative purposes. A range of FICO scores might be considered by Goldman Sachs in conjunction with other factors in making credit decisions.
  6. A hard research occurs when a fiscal institution checks your credit for the purpose of extending you a line of credit or approving a loan.

Information virtually products not manufactured by Apple, or independent websites not controlled or tested by Apple, is provided without recommendation or endorsement. Apple assumes no responsibility with regard to the selection, operation, or utilize of third-party websites or products. Apple makes no representations regarding 3rd-party website accuracy or reliability. Contact the vendor for additional information.

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