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In 2019 Apple introduced its Apple-branded credit card- a card linked to the Apple Wallet and made to leverage Apple Pay. To do so, Apple partnered with Goldman Sachs, a bank and financial holding company.
Once approved, users will have instant access to their card via the iPhone Wallet. An Apple Credit Card can be used just like a traditional credit card, though a physical copy of the card must be requested.
What Credit Score is Required to Get the Apple Card?
Apple uses Fico Score 9 to check your credit score, which depicts your reliability about repaying debt. The Apple Card, as stated on their website, requires a credit score of at least 660 to be considered favorable for approval. That means that the potential users applying must have good to excellent credit.However, this is not set in stone. Here are some examples of Apple card approvals we found:
- This guy has been approved for $2,000 with a 620 FICO score (TransUnion) and 20% card utilization.
- “CeesTweeter” has been approved with a 598 credit score after trying for a while and applying periodically every couple of months
- After being denied twice and being put on the pathway program, this guy has been approved with a score of around 650.
It is important to note that if you have a freeze on your credit report, it must be temporarily lifted for Goldman Sachs to review your credit score.
Other conditions that coincide with your credit score will be reviewed as well. Applicants are approved on a case-by-case basis, like any other credit card. If you know your score is too low, consider additional ways to improve your eligibility chances.
Additional Requirements to Get the Apple Card
In addition to your credit score, some additional requirements to be met when applying for an Apple credit card are as follows:
- Must meet Apple I.D. requirements – All applicants must be logged in to iCloud with their Apple I.D. and use two-factor verification. Apple takes security seriously, and you must ensure that you are taking the precautions necessary to keep your card details private by meeting this requirement.
- Must be 18 years or older – In order to obtain an Apple Credit Card, you must be considered an adult, which in most states is 18. Minors can be added to a parent's Apple Card Family, with the option to begin building credit via the Apple Card once they turn 18.
- Must have an IOS 12.4 or later – iPhones 6 and later have the IOS 12.4 function needed to support the Apple Card. Without the Apple Wallet or Apple Pay, your phone will not have the functionality of an Apple Card.
Apple Credit Card
Reward details
Current Offer
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Annual Fee
Which Documents Should I Provide When Applying for an Apple Card?
When completing the application process for an Apple Card, several documents should be provided. Some of these documents only require you to type in the information in a question box, while others may require photo evidence.
- State-issued photo I.D: To successfully apply for your Apple Card, you may be required to upload a photo of your drivers license, passport, or another government-issued form of I.D. If you are unsure what qualifies as a state-issued I.D., you can find out on your local DMVs website.
- Social Security Number: You must be able to provide your social security number when applying. If you are a U.S. citizen; or a lawful permanent resident, you will have a social security card with your social security number. If you are a lawful resident and have not applied for a social security card, you must apply and receive one before being considered for an Apple Card.
Questions that coincide with your social security number will inquire about your monthly/yearly income and your monthly cost of rent. If you do not have a social security number, you may consider other types of credit cards that do not require one to apply.
- Proof of address: Your address may be the same, or different, from the address on your State-issued I.D. You must be able to provide your current address when applying for an Apple Card. Military addresses are also acceptable for the application.
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Is the Credit Score Needed for an Apple Card Higher Than Amazon Card?
According to the Amazon website, potential users of the Amazon card must have fair to excellent credit. That would put an applicant anywhere between a credit score of 640 and 720.
For the co-branded cards Amazon has with Visa, applicants need to have a credit score higher than 670, but that is not stated on Amazon’s website. Amazon has several cards ranging from store cards to Visa Credit Cards.
The requirements for approval are similar for both the Amazon Card and the Apple Card. Both require users to be 18+, U.S. citizens or residents, and to have a U.S. address. It may be easier to gain approval for an Amazon Card based on lower credit scores because Amazon has more than one card a user can apply for, unlike Apple.
Is the Credit Score Needed for an Apple Credit Card Higher Than Chase Sapphire Card?
Chase offers two types of Sapphire Credit Cards, the Chase Sapphire Reserve Card, and the Chase Sapphire Preferred Card. The credit score needed for a Chase Sapphire Card varies between the two cards.
For the Chase Sapphire Reserve Card, excellent credit is recommended for approval; and for the Chase Sapphire Preferred Card, good to excellent credit is recommended for approval. Chase Sapphire is also known to be primarily a travel card, while Apple Cards render the most benefits when used specifically for Apple purchases.
Like with the Apple Card, applicants must be 18+, be a U.S. citizen or lawful resident, and have a U.S. address. The Chase Sapphire Card tends to have a lower approval rate in comparison with the Apple Card.
While both Chase Sapphire and Apple Cards tend to approve users with very good to excellent credit and high income, Chase Sapphire is known to be a more prestigious card, rendering it more difficult to gain approval. Both require higher credit scores compared to Apple cards.
|
|
| |
|---|---|---|---|
Apple Credit Card | Amazon Prime Rewards Visa Signature Card | Chase Sapphire Preferred® Card | |
Annual Fee | $0 | $0 ($139 Amazon Prime subscription required) | $95
|
Rewards | 1% – 3%
3% cash back at Apple and select Apple pay partners. 3% Daily Cash back at Ace Hardware, Duane Reade, Exxon, Mobil, Nike, Panera Bread, T-Mobile, Uber, Uber Eats, and Walgreens. 2% on other Apple pay purchases, and 1% on all other purchases
| 2X – 5X
5x total points on travel purchased through Chase Travel, 3x points on dining, online grocery purchases and select streaming services. 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases.
| 1X – 10X
1X – 10X
|
Welcome bonus | N/A
N/A
| 60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
| 75,000 miles
75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening
|
Things to Know Before Getting the Apple Card
Apple card is a co-branded card and is one of the most popular co-branded in the US. Signing up for and owning an Apple Card can provide you with a couple of options, especially if you use Apply products regularly. Here are the main things to consider:
- Apple Pay is the Best Way: It's no secret that the Apple Card pushes users to utilize Apple Pay by making the rewards collected higher than when using a physical card. When adding the Apple Card to the Apple Wallet, users can use their cards from most IOS, iPad, and Macbook devices when making purchases.
- Privacy is Everything: When a user requests a physical copy of their Apple Card, they will find that none of their card information, outside of their name, will be on the card. The CVV, the card number, and the expiration date can only be accessed on the users device through the Apple Wallet.
- A Card for the Whole Family: Unlike other credit cards, owners of an Apple Card can add other users and additional owners to their Apple Card Family. Co-owners are similar to authorized users, except that both are equally responsible for managing the account and paying bills. Additional users do not have to have a familial relationship with the card owner, but must be 13+. Up to five members are allowed to be a part of an Apple Card Family.
- Equal Credit Building: The Apple Card is unique in that every member in an Apple Card Family that is 18 or older will receive points toward their credit. Additionally, co-owners will be reported on equally to credit bureaus regarding account activity.
- Consider Using Apple Cash: Once you have your Apple Card, you can set up Apple Cash through the settings on your Apple Wallet. Apple Cash is an Apple Cash Debit Card that will appear in your Wallet App and is necessary for sending/receiving money. Its also how you will access daily cash. If a user opts out of the Apple Daily Cash Card, they will receive cashback monthly instead of daily.
Why My Apple Card Application Was Rejected And What Can I Do?
The only way to know if you will get approved for the card or not is by actively applying. Goldman Sachs, the card issuer, does not offer pre-approval.
If your application is rejected, it is important to double-check the information you provided for possible mistakes. Goldman Sachs will evaluate several conditions concerning credit, income, and ability to pay back debt before approval.
Goldman Sachs will also make sure that you are in good standing with any current debt and that you have a history of paying back debt on time and in full. Other factors considered will involve your public records and identity.
You can also take a look at other shopping cards such as Walmart credit card, Best Buy card, or Sam's Club Mastercard.
The Apple website provides a list of why your application may have been rejected and what to do on their card support page. Some rejected applicants will receive an invitation to enroll in Path to Apple Card.
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Apple, through Goldman Sachs, has made a card that incentivizes buying Apple products. The card offers 3% cash back at Apple and select Apple pay partners. 3% Daily Cash back at Ace Hardware, Duane Reade, Exxon, Mobil, Nike, Panera Bread, T-Mobile, Uber, Uber Eats, and Walgreens. 2% on other Apple pay purchases, and 1% on all other purchases.
The Apple Card is totally free. There are no annual fees, foreign transaction fees, or late fees. The APR rates are dependent on the applicant's creditworthiness and range from 15.99% – 26.99% Variable
. Select Apple products are entitled to be financed with no interest rates by using the Apple card.
Once a user has been approved and has added their Apple Card to the Wallet App, they will be able to make online purchases or in-person purchases via Apple Pay. It works as a traditional credit card, with added benefits unique to Apple.
The Apple Card is not a travel card but can be used internationally. There is no travel insurance with the Apple Card, but you may earn daily cash, which is cash back, through travel purchases. When traveling, it may be necessary to remember that not all businesses accept Apple Pay.
Yes, the Apple Card is a credit card for all intents and purposes. Account activity is reported to the credit bureau and as you remain in good standing, it will positively impact your credit score. Apple doesn’t provide any sign-on bonuses or kickstart your rewards when approved
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