09-12-2012 11:53 AM - edited 09-12-2012 12:08 PM
I wanna purchase an iMac using the apple card. I wanna apply for the barclay apple card. I wanna know whats my chance of getting approved?
I applied for Barclay Carnival MC last dec and got denied. I called for recon and got approved for $1500 and last june 2012 got increased to $2500.
I have never missed a payment on all my CC. right now I have a $1000 balance on my carnival MC. anybody have an idea of me getting approved?
my total monthly debt is $70.
09-12-2012 12:11 PM
with those scores and no baddies you should be fine, and if you get denied just recon. They tend to be really good about giving out the apple financing card.
09-12-2012 12:14 PM
thanks! do you think I will be fine even if I have $1k balance right now? I have never missed a payment. And always pay above minimum payment due.
09-12-2012 12:16 PM
I'm not so sure...I mean the balance is with them so all it's doing is making them money. xD If you get denied and do a recon I'm sure you can talk to an underwriter and explain your balance to them. Their UWs are supposed to be extremely easy to get your message across with.
09-12-2012 12:18 PM
thanks! one more question, Is the financing only available tru certain time prior to opening the card?
09-12-2012 12:21 PM
The financing is for your initial apple purchase. I think you must make the purchase within 30 days of opening the card. Also, just a reminder, if you don't pay off the purchase within the financing period (6 months for under $999, 12 months for over $999) your interest (afaik) will be backdated to day 1 of the purchase for the full purchase price, and the APR on that apple card is like 20+%
09-12-2012 01:25 PM - edited 09-12-2012 01:27 PM
with a 1000 balance prob not. I apped for a ring when i had $375 balance on my Apple financing visa and they were wanted me to transfer some of my CL from the apple Visa to the ring. They are very conservative. You may want to pay off your debt before incurring more. It looks bad to them.
09-12-2012 05:13 PM
Your chances are probably good. But Barclay's does look at your TOTAL CL w/them. I got Apple last year (nov) and got Rewards MC in May for $5k. In July, I took a HP for a CLI on my Apple to $10k. When I asked about a CLI on my MC, the rep brought up the "total CL" of both cards being $15k, like that was about the max they were willing to do at that time, but I could move the total CL around between the 2 cards however I wanted.
I think as long as your overall util is low and you have a positive history w/them, they bal on your current card shouldn't negatively affect an approval.
Re the 0% financing: It is avail when you first get the card, but it is also avail any time you want -- you just need to call Barclay's BEFORE you make an Apple purchase and let them know, and they'll set it up. There's no guarantee that they'll be offering that forever. But at this time, you aren't limited to 0% financing when you first get the card.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.