topic Apple Card by Goldman Sachs - CLI now INSTANT in Credit Card Applications

Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 22:57:07 GMT

Goldman Sachs is approving/denying CLI's instantly now. The Reddit AppleCard forums have multiple data points confirming. I decided to volunteer as a tribute and requested a CLI a couple min. ago and it was instantly denied 😂.

The proportion of your credit limit you have used and paid is not sufficient

So seems they're still denying people for not using the card as their daily driver. I have a 3k SL and only use it for my reoccurring Apple purchases. Maybe $45/month which doesn't seem to be enough to warrant a CLI.

The process hasn't changed though, you open a chat, request the CLI, and the CSR will tell you (5) business days but it's almost instant now. I got an email in under 1min denying me.

Maybe one day Goldman Sachs will allow CLI for people who use their CC but don't MAX them out. Until then it's SD'd on Apple Purchases.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

AverageJoesCredit — Sat, 28 Mar 2020 17:39:05 GMT

Thanks for sharing but i doubt using it for only $45 out of $3k would even register as someone not maxing it out

Re: Apple Card by Goldman Sachs - CLI now INSTANT

K-in-Boston — Sat, 28 Mar 2020 17:40:47 GMT

There's a LOT of perfectly reasonable middle ground between maxing out a card and only using 1.5% of your credit line on a continual basis.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

joltdude — Sat, 28 Mar 2020 18:19:08 GMT

I found that out the hard way the other day. Fastest denial in the west...

-J

Re: Apple Card by Goldman Sachs - CLI now INSTANT

Remedios — Sat, 28 Mar 2020 18:03:22 GMT

Sorry about your denial

Re: Apple Card by Goldman Sachs - CLI now INSTANT

kdm31091 — Sat, 28 Mar 2020 19:18:33 GMT

You're using the card for a tiny amount every month. Is there really any need for an increase? If they increased it, would you suddenly be using it more?

I'd assume you still would not, which means the denial makes sense IMO. If you really do want a CLI I would definitely suggest using the card more.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

pinkandgrey — Sat, 28 Mar 2020 20:10:15 GMT

Sorry the odds were ever not in your favor but thanks for the good info!

Re: Apple Card by Goldman Sachs - CLI now INSTANT

joltdude — Sat, 28 Mar 2020 20:36:03 GMT

Me or the Op... If its me, i try to put roughly 300+ a month on it.. but im not gonna cut into my other rewards for them....

Actually want to put my next apple devices on it if they offer financing... otherwise ill stick to other cards which offer me 0 or really low offers...

-J

Re: Apple Card by Goldman Sachs - CLI now INSTANT

nuohlac — Sat, 28 Mar 2020 21:33:46 GMT

Sorry about your denial!!!

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 23:09:09 GMT

@joltdude wrote:
Me or the Op... If its me, i try to put roughly 300+ a month on it.. but im not gonna cut into my other rewards for them....

Exactly, I got the card to use for my Apple Purchases including the iPhone every year. But I'm not going to just use their card and take away from my daily drivers to increase the credit limit. I'm hoping as time moves on they will tweak the algorithm to be more understanding to people who use the card for large purchases once or twice a year.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 23:10:04 GMT

@pinkandgrey wrote:
Sorry the odds were ever not in your favor but thanks for the good info!

Anytime! It was an SP so I thought I could contribute to the community that helps me!

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 23:12:05 GMT

@nuohlac wrote:
Sorry about your denial!!!

Thanks, it's their loss, the smaller my CL the smaller the charges. I'm not going to max my CL for them and hurt my UTL. If they didn't report UTL it would be a different story. I would use the whole **bleep** 3k and call it a day. But, nope!

I'll stick with AMEX, NFCU, BOA, etc.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 23:13:39 GMT

@AverageJoesCredit wrote:
Thanks for sharing but i doubt using it for only $45 out of $3k would even register as someone not maxing it out

RIGHT! I'm trying to be a responsible cardholder and all they want is MAX the CL and let's post that to your credit report. No, Nope, Not on my watch!

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 23:18:17 GMT

@K-in-Boston wrote:
There's a LOT of perfectly reasonable middle ground between maxing out a card and only using 1.5% of your credit line on a continual basis.

True!! but I also have seen others who are "using" a good amount of their credit line and still denied for the same reason. I know, I know, everyone's profile is different and myFICO members are a different breed... Either way, if they don't shape up I'll just use my other much larger cards for in-store apple purchases. No skin off their or my back and we live another day lol.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sat, 28 Mar 2020 23:19:01 GMT

@Remedios wrote:
Sorry about your denial

Thanks!! They're being stingy...

Re: Apple Card by Goldman Sachs - CLI now INSTANT

Anonymous — Sat, 28 Mar 2020 23:39:03 GMT

I understand both sides of it but considering the card is to be used for financing, you would think they would take into account requests specifically related to that purpose. I would have upgraded to the 11 Pro Max if they would have given me a CLI but I wasn't going to carry over 50% of my limit. I'll entertain the idea with the 12 Pro Max or whatever they call the top model this year but I hate the fact that it is even an issue when I'm sitting with more and more of my cards approaching $10K limits. $5K would be a much more palatable 28% and wouldn't bother me at all.

Re: Apple Card by Goldman Sachs - CLI now INSTANT

jberry — Sun, 29 Mar 2020 00:32:59 GMT

I asked for a CLI on March 20th. Right when the CSR came back to chat telling me itll take 5 business days, I arleady got an email saying I was declined, it was instant! So this thread just confirms it. My reason was "You recently received a credit limit increase on Apple Card". I put maybe an average of $200 of charges per month on the card, and it was over 90 days since I last requested a CLI, so it seems like its longer than 90 days to request for a CLI again, gonna try again 30 days from March 20

Re: Apple Card by Goldman Sachs - CLI now INSTANT

Anonymous — Sun, 29 Mar 2020 05:47:56 GMT

I'm a YNAB'er as well. 😄 Happy to see another ynab'er!

Re: Apple Card by Goldman Sachs - CLI now INSTANT

addicted_to_credit — Sun, 29 Mar 2020 11:43:31 GMT

seems to be a rock solid DP I read this and went and tried it as well..

B591D829-2ADE-4C6C-8C10-F1F052919D1B.jpeg

Re: Apple Card by Goldman Sachs - CLI now INSTANT

TheFIGuy — Sun, 29 Mar 2020 12:28:34 GMT

@addicted_to_credit wrote:
seems to be a rock solid DP I read this and went and tried it as well..
B591D829-2ADE-4C6C-8C10-F1F052919D1B.jpeg

Congrats on the increase!