However, the Apple Card is easy to get approved compared to other branded credit cards.
In this article, we will tell you the approval odds for an Apple Credit card.
Hence, if you have plans of applying for an Apple Credit card this article is a perfect guide for you.
Thus, let’s get down to today’s article.
Apple Card Approval Odds (Credit Score Needed)
To apply for an Apple Credit card, you must have need a good credit score and credit history.
Hence, let’s have a look at different credit card ranges for Apple Credit card approval:
700 and above
If you have a credit score of 700, you have a 75% to 80% chance of approval.
Hence, if you have at least 1 year of credit history, you have a better chance of approval.
650 to 700
Those that fall under this category have a 50% chance of approval. However, if you have at least 1 year of credit history you also have better chances of approval.
600 to 650
If you have a credit score of 600 to 650, all hope is not lost yet. Hence, based on Apple Card Page, 600 is the lowest credit score needed for approval.
However, note that your credit score is not the only factor needed for approval. Hence, other factors can affect your credit card approval.
Thus, these factors include;
- Credit history.
- Credit Utilization Ratio (the lower, the better).
- Finally, the number of recent credit cards opened in a year.
Also, note that Apple pulls your credit score from Credit Bureau Transunion.
Lower Credit Score Gets Lower Credit Limits
Your credit score plays a major role in your credit card approval. Hence, if you have a low credit score, you are likely to get a low credit limit.
Thus most Apple credit cards have a starting credit limit of $1000. So, if you have a low credit score, you’re likely to get a lower credit limit.
You might find it hard to use this card daily as the smaller credit limit would limit your rewards.
Having said that, let’s have a rundown on the Apple Credit Card.
With the Apple Credit Card, you can get 3% cash back at Apple and selected retailers.
Hence, these retailers include; Mobile, Uber Eats, Exxon, Panera Bread, Walgreens, etc.
Also, you can get 1% cash back on all other purchases made using your Apple credit card.
Hence, you don’t have to pay an annual fee and there are no hidden charges linked to this card.
Thus, Apple credit card has a low APR. And it also offers you 2% cash back when you use your iPhone or Apple Watch to Pay with Apple Card.
For more info about this credit card, please visit https://www.apple.com/apple-card.
In summary, you need a good credit history and a good credit score to get the Apple Credit Card.
However, make sure you have a high income and a low Credit Utilization Ratio. As well as a few recent credit cards opened in a year.
Hence, if your credit card is too low for this card, you can build your credit score before applying for this card
Thus, if you have any questions, leave them in the comment session and we will reply to you soon.
Having said that, thank you for reading!