topic Re: Apple Card in Credit Card Applications

Apple Card

Anonymous — Fri, 25 Sep 2020 04:10:10 GMT

I was denied... reason was

Your credit balance is too high relative to your credit limit

what does this mean? They pulled Transunion score 739

Re: Apple Card

Anonymous — Fri, 25 Sep 2020 04:12:40 GMT

Balance/Limit = utilization

You have excessive reported balances in relation to your credit limits

Re: Apple Card

AllZero — Fri, 25 Sep 2020 04:23:50 GMT

As above. Perhaps, reduce your reported individual and/or aggregate utilization to improve your approval odds.

Re: Apple Card

OmarGB9 — Fri, 25 Sep 2020 05:12:31 GMT

It means your balance is too high in relation to the total limit on the card. What is the balance and limit on your card?

For example, if your limit is $1,000, and your balance is $900, you're at 90% utilization, which is far too high.

Re: Apple Card

Anonymous — Fri, 25 Sep 2020 09:33:41 GMT

None of my current credit card balances are high, All are paid down... except my student loans but they are not past due or reporting negative..

Re: Apple Card

Anonymous — Fri, 25 Sep 2020 21:20:00 GMT

@Anonymous wrote:
None of my current credit card balances are high, All are paid down... except my student loans but they are not past due or reporting negative..

It doesn't say credit card/revolving balances, so it could refer to your loans

The principal is usually the limit, while the current balance is the balance.