How your Apple Card application is evaluated

Acquire near the primal criteria used to determine whether your Apple Menu application is canonical or declined.

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

If you apply for Apple Carte and your application is approved, there's no impact to your credit score until you have your offer. If you accept your offer, a hard enquiry is made. This may impact your credit score. If your application is declined or you pass up your offer, your credit score isn't impacted past the soft enquiry associated with your awarding.

If your application was declined, larn what you tin do to try and improve your next application.

If you're combining accounts for Apple Card Family, some of the credit factors mentioned above may be considered for both co-owners when evaluating a combined credit limit for a co-owned Apple tree Menu.2

Personal finance companies, like Credit Karma, might display various credit scores, similar TransUnion VantageScore. While these scores tin be informative, if they're not the FICO score that'southward used for your Apple Bill of fare application, they may not exist every bit predictive of your approval.

You can also contact Apple Support if you lot have questions most applying for Apple tree Card.

Requirements to get Apple Bill of fare

To go Apple Bill of fare, you must meet these requirements:

  • Be 18 years or older, depending on where you live.
  • Be a U.S. citizen or a lawful U.S. resident with a U.S. residential accost that isn't a P.O. Box. Y'all can also utilise a armed forces accost.
  • Use two-factor authentication with your Apple ID.
  • Sign in to iCloud with your Apple tree ID.3
  • If you lot have a freeze on your credit report, you need to temporarily lift the freeze earlier you apply for Apple Menu. Learn how to lift your credit freeze with TransUnion.
  • Yous 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 power to pay back debt, Goldman Sachs1 looks at multiple conditions earlier making a determination on your Apple tree Card application.

If any of the following atmospheric condition employ, Goldman Sachs might not be able to approve your Apple Carte du jour application.

If yous're backside on debt obligations4 or accept previously been backside

  • Y'all are currently by due or have recently been past due on a debt obligation.
  • Your checking account was closed by a bank (for case, due to repeatedly spending more than your available account residue).
  • You have two or more non-medical debt obligations that are recently past due.

If y'all have negative public records

  • A revenue enhancement lien was placed on your assets (for example, due to a failure to pay sufficient taxes on time).
  • A judgement was passed against y'all (for example, equally a outcome of litigation).
  • You accept had a recent defalcation.
  • Your holding has been recently repossessed.

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

  • You don't take sufficient disposable income after you pay existing debt obligations.
  • Your debt obligations represent a high percentage of your monthly income (for case, your unsecured debt obligations, such as loans that aren't backed by collateral, are 50% or more of your total income).
  • Y'all have fully utilized all of your credit carte du jour lines in the last iii months and have recently opened a significant amount of new credit accounts.

If you frequently apply for credit cards or loans

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

If your credit score is depression

Goldman Sachs uses TransUnion and other credit bureaus to evaluate your Apple Card application. If your credit score is depression (for example, if your FICO9 score is lower than 600),4 Goldman Sachs might not be able to corroborate your Apple tree Menu application.

Why your credit score is used

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

How credit scores are determined

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

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

It'due south common to come across varying credit scores when yous look at different sources. Credit Karma and other services might brandish dissimilar credit scores, similar TransUnion VantageScore, which is different from the TransUnion FICO score that'south used for your Apple tree Menu application. Your credit report and the timing of when your credit score is updated can bear upon your credit score.

By law, you're allowed to get a free annual copy of your credit study and file a dispute with TransUnion if you lot find an error.

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

What you tin can exercise if your application is canonical with bereft credit or it's declined

If your application is declined, a message with an explanation is sent to the main email address associated with the Apple ID yous used to use for Apple Card. The message might bear witness your credit score. If information provided by a credit bureau contributed to your application being declined, yous can request a gratuitous re-create of your credit report from that credit bureau using the instructions in the email you receive.

If you have a freeze on your credit written report, you need to temporarily elevator the freeze before y'all apply for Apple Bill of fare. Larn how to lift your credit freeze with TransUnion.

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

Brand sure your proper name, accost and other information provided on your Apple tree Carte du jour application is right. If y'all observe inaccurate information, re-enter the information as needed.

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

  1. Brand sure there is zilch betwixt your device's photographic camera and your ID that could obscure whatever part of information technology.
  2. Check that the Appointment of Birth, Final Name, and Accost on the ID match the information you entered for your Apple Menu application.*
  3. Make sure the ID hasn't expired.

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

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

Y'all can utilise for Apple Card once again, but you lot might receive the same decision.

If you lot want to receive a different decision on your application when you apply again, you lot should review your credit study to see if you have conditions that might result in a declined application and so check for these common errors in your credit written report.

*If the information on your ID doesn't lucifer the data you entered for your Apple Card application, endeavour to apply again after you update your ID.

If you go an invitation to enroll in Path to Apple Card

If you're approved just your credit limit isn't enough to buy a device with Apple Menu 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 addition, Goldman Sachs uses many of the aforementioned factors that are used to assess whether your application is approved or declined, including your credit score and the corporeality of credit you utilize on your existing credit lines.

Larn how yous can request a credit limit increase.

Why your application is pending or in review

Goldman Sachs might need more time to review some applications, or request more data to verify your identity. After you apply, you are shown a bulletin in Wallet app that volition point your application is in review. Updates regarding your Apple Card application will be sent to the primary email address associated with your Apple ID.

Apply on your iPhone

  1. Goldman Sachs Banking concern United states, Table salt Lake Urban center Branch is the issuer of Apple Carte du jour.
  2. Merging accounts is subject field to credit approval and general eligibility requirements. Each co-owner is jointly and individually responsible for all balances on the co-owned Apple Card including amounts due on your co-owner's account before 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 information. Card usage and payment history may touch on each co-owners credit score different because each individual's credit history volition include data that is unique to them. Either co-possessor tin close the business relationship at any fourth dimension which may negatively impact your credit and you volition still be responsible for paying all balances on the account. Some Apple Carte users may need to contact an Apple Card Specialist in social club to combine credit limits and form a co-endemic account with another Apple Menu owner.
  3. If you apply online with your Apple tree ID and don't add your Apple tree Card to an eligible iPhone or iPad that you own, you can only use information technology to make eligible purchases online and in-store at Apple.
  4. A debt obligation can include mortgages, machine loans, personal loans, utility bills, and more.
  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 difficult inquiry occurs when a fiscal establishment checks your credit for the purpose of extending y'all a line of credit or approving a loan.

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