topic Re: Apple Credit Card Denial in Credit Card Applications

Apple Credit Card Denial

chelle88 — Sat, 08 Oct 2022 15:36:02 GMT

First time applying for Apple Card. My TU9 is 690...I think I have read they prefer at least a 700 but I've seen people with a lower score get approved and I didn't. Reasonings were too many inquiries and insufficient trade information available. I don't have any collections but I do have a card I started off with when rebuilding my credit and the credit utilization is high on it.

I'm thinking if I pay off this card in full right away and then wait a bit to reapply, I pay be approved.

Re: Apple Credit Card Denial

M_Smart007 — Sat, 08 Oct 2022 15:46:21 GMT

@chelle88 wrote:
First time applying for Apple Card. My TU9 is 690...I think I have read they prefer at least a 700 but I've seen people with a lower score get approved and I didn't. Reasonings were too many inquiries and insufficient trade information available. I don't have any collections but I do have a card I started off with when rebuilding my credit and the credit utilization is high on it.

I'm thinking if I pay off this card in full right away and then wait a bit to reapply, I pay be approved.

Sorry for your denial

Re: Apple Credit Card Denial

SDMarik — Sat, 08 Oct 2022 15:48:44 GMT

@chelle88 wrote:
First time applying for Apple Card. My TU9 is 690...I think I have read they prefer at least a 700 but I've seen people with a lower score get approved and I didn't. Reasonings were too many inquiries and insufficient trade information available. I don't have any collections but I do have a card I started off with when rebuilding my credit and the credit utilization is high on it.

I'm thinking if I pay off this card in full right away and then wait a bit to reapply, I pay be approved.

Bummer on the denial.

Having only one card, and having it be running a high Util certainly makes it tough. I would reccomend paying that one down, maybe opening a couple of other cards (secured if neceessary) and start building payment history quicker. Even if you pay that one down, it isn't going to change the fact they think your file is too young/thin.

Is that card your only one? if so where did all of the inquiries come from? Were they just apps with denials, or from other lending? Just make sure they were in fact, from you.

Re: Apple Credit Card Denial

Anonymous — Sat, 08 Oct 2022 15:57:01 GMT

If you get secured avoid C1, get Disco(7m graduate), BA(grows fast) or USB(cl is hp)

Re: Apple Credit Card Denial

chelle88 — Sat, 08 Oct 2022 16:10:37 GMT

@SDMarik wrote:
@chelle88 wrote:
First time applying for Apple Card. My TU9 is 690...I think I have read they prefer at least a 700 but I've seen people with a lower score get approved and I didn't. Reasonings were too many inquiries and insufficient trade information available. I don't have any collections but I do have a card I started off with when rebuilding my credit and the credit utilization is high on it.

I'm thinking if I pay off this card in full right away and then wait a bit to reapply, I pay be approved.
Bummer on the denial.

Having only one card, and having it be running a high Util certainly makes it tough. I would reccomend paying that one down, maybe opening a couple of other cards (secured if neceessary) and start building payment history quicker. Even if you pay that one down, it isn't going to change the fact they think your file is too young/thin.

Is that card your only one? if so where did all of the inquiries come from? Were they just apps with denials, or from other lending? Just make sure they were in fact, from you.

I have:

CO SavorOne $1.5kB/$3kCL

Citi Simplicity $0B/$11kCL

Credit One $0B/$1kCL

Avant $260B/$300CL

The Avant card is the one I'm specifically talking about. Just want to pay it off and get rid of it

Re: Apple Credit Card Denial

calisig — Sat, 08 Oct 2022 16:13:40 GMT

chelle888 - I think you would be surprised what paying your card down to 9% utilization or below - that reports to the CRA's - would do for your credit score! Good luck

Re: Apple Credit Card Denial

GZG — Sat, 08 Oct 2022 16:33:35 GMT

@chelle88 wrote:
@SDMarik wrote:
@chelle88 wrote:
Avant $260B/$300CL

The Avant card is the one I'm specifically talking about. Just want to pay it off and get rid of it

I wonder if you'll get an approval just by getting this to update to $0 balance. No hard inqury for Apple Card until you accept it, so no risk trying again once your report updates.

86% on a card is bad for scores, even if it's only 300CL

Also try getting the SavorOne down to <$1k if you can

Re: Apple Credit Card Denial

chelle88 — Sat, 08 Oct 2022 16:44:09 GMT

@GZG wrote:
@chelle88 wrote:
@SDMarik wrote:
@chelle88 wrote:
Avant $260B/$300CL

The Avant card is the one I'm specifically talking about. Just want to pay it off and get rid of it
I wonder if you'll get an approval just by getting this to update to $0 balance. No hard inqury for Apple Card until you accept it, so no risk trying again once your report updates.

86% on a card is bad for scores, even if it's only 300CL

Also try getting the SavorOne down to <$1k if you can

Thanks! I will!

Re: Apple Credit Card Denial

Wilburtheman — Sat, 08 Oct 2022 16:46:03 GMT

I got declined for the card with a 750, for too many inquiries.

in my opinion there are much better cards out there and better banks, so I don't miss not getting the card at this point

Re: Apple Credit Card Denial

mfinsmi1 — Sat, 08 Oct 2022 20:02:35 GMT

@chelle88 goldman sachs is a tough cookie to crack - data points all over the place for the apple card .... best advice i can give you keep applying and even if they keep denying you they may let you get on the "path to apple card " program which gaurantees an approval at the end of it

Re: Apple Credit Card Denial

firefox100 — Sat, 08 Oct 2022 20:55:59 GMT

sorry just try again in couple of months good luck.

Re: Apple Credit Card Denial

Jeffster1 — Mon, 10 Oct 2022 08:49:39 GMT

DPs on here indicate that GS is all over the place on this one. Supposedly now GS is working on a T-MOBILE card.

Re: Apple Credit Card Denial

pip3man — Mon, 10 Oct 2022 13:53:17 GMT

I can confirm that GS & Apple Card is inquiry sensitive. The moment my inquiry count dropped and I applied for CLI, I was instantly approved. Prior to that, it was always declined for too many inquiries.

Re: Apple Credit Card Denial

bigseegar — Mon, 10 Oct 2022 14:18:38 GMT

Also just as a side note GS effective 10/01/2022 officially even though they started around 9/25. Tighened down on both Approvals and CLI because they are losing so much money to card holder defaults on this card. They also increased CLI Request times from 91 days to 181 days. Right they lead the card market in losses at 2.9% which is a pretty big number/percentage for losses. They realize now they should not have modeled this as a Sub-Prime card. I can't post links here due to TOS and I wouldn't out of respect for this Forum anyway. But if you search dedicated Apple Card groups you'll find all the talk and "new" DP's and such.

Re: Apple Credit Card Denial

moderntechguy — Mon, 10 Oct 2022 22:57:48 GMT

How many inquiries did you have?

Re: Apple Credit Card Denial

NoMoreE46 — Wed, 26 Oct 2022 14:22:05 GMT

@chelle88 wrote:
I have:
CO SavorOne $1.5kB/$3kCL
Citi Simplicity $0B/$11kCL
Credit One $0B/$1kCL
Avant $260B/$300CL

When did you get the above cards? Credit age/number of new accts are factors too as noted.

For clarity, NO the Path to Apple Card is Not a guaranteed approval. Apple is very slick at marketing and presentation.

Apple Card - Financial Health - Apple