topic Re: Apple Card in Credit Cards

Apple Card

increasingmyfico — Mon, 03 Oct 2022 17:18:28 GMT

Reading this morning that Apple/GS has altered the CLI policy. Appparently now it is 180 days since last approval instead of 90 days. Also they require you to wait 30 days after being declined for one. Sucks for me as next month was my next target date. Oh well Feb 2023 it is.

Re: Apple Card

NoMoreE46 — Mon, 03 Oct 2022 17:50:22 GMT

Thanks for this. Is there a link/source of the article?

Re: Apple Card

increasingmyfico — Mon, 03 Oct 2022 17:55:06 GMT

Re: Apple Card

mortimerwereback — Mon, 03 Oct 2022 18:07:53 GMT

@increasingmyfico wrote:
Reading this morning that Apple/GS has altered the CLI policy. Appparently now it is 180 days since last approval instead of 90 days. Also they require you to wait 30 days after being declined for one. Sucks for me as next month was my next target date. Oh well Feb 2023 it is.

Wow! That's disaapointing. I was eagerly awaiting my first this coming November.

Thanks for the heads up! Valuable info!

Re: Apple Card

Jordan23ww — Mon, 03 Oct 2022 18:40:00 GMT

@increasingmyfico wrote:
Reading this morning that Apple/GS has altered the CLI policy. Appparently now it is 180 days since last approval instead of 90 days. Also they require you to wait 30 days after being declined for one. Sucks for me as next month was my next target date. Oh well Feb 2023 it is.

I've also been reading about that too! It's really disappointing to hear about this change, especially for those who were on the cusp of asking for an increase. I read one person say they were gonna be eligible on October 6 but now they have to wait 3 more months.

Re: Apple Card

pinkandgrey — Mon, 03 Oct 2022 18:47:08 GMT

To be completely honest, I would close out that chat and ask again with a different CSR. If there's one thing I know, it's that different CSRs often give different information. I've gotten contradictory answers from them in the past.

Maybe the policy really has changed and that's the new set-in-stone rule, but I would probably try with a couple different CSRs.

Just my own thought process!

Re: Apple Card

mortimerwereback — Tue, 04 Oct 2022 05:32:36 GMT

@pinkandgrey wrote:
To be completely honest, I would close out that chat and ask again with a different CSR. If there's one thing I know, it's that different CSRs often give different information. I've gotten contradictory answers from them in the past.
Maybe the policy really has changed and that's the new set-in-stone rule, but I would probably try with a couple different CSRs.

Just my own thought process!

Agree with this. OR.... does anything think that the CLIs could be like Navy Fed's? Perhaps the first CLI can be requested within 90 days, and then afterwards must be 180? Wishful thinking, I know, but I could see a rep getting this mixed up. loll...

In any case, I'll try calling myself to see what I can dig up.

Edit: Well.... I called Apple Card earlier and spoke with a very nice rep. Explained to her that I'd been advised (on a previous phone call) to wait approx 90 days to request a CLI. I inquired if this policy had changed, and if so, if it had changed to 180 days. She advised that she was not aware of any changes. She mentioned that customers can techincally ask "whenever," however, a minimum of 90 days was recommended. She mentioned that perhaps the 180 days recommended was possibly profile dependent?

As was mentioned above, might be one of those situations where YMMV depending on the rep one speaks with. Probably have to wait for more members to chime in with data points to get a definitive answer. In the meantime, I'm going to leave my 91 day CLI YOLO on my calendar. yee-haw!

Re: Apple Card

M_Smart007 — Mon, 03 Oct 2022 19:24:45 GMT

@increasingmyfico wrote:

More evidence of lenders tightening purse strings, in the current financial environment!

I would venture to say, we will probably see more lenders tightening purse strings. ..JMO

Re: Apple Card

LeoTheDOG — Tue, 04 Oct 2022 14:50:37 GMT

Good to know,

glad i recieved my last CLI.. currently sitting at $9,250, wonder if im locked out for the 180 days as i was approved 9/5

Re: Apple Card

YoungMoney06 — Wed, 26 Oct 2022 20:36:22 GMT

I'm disappointed with my Apple Card. I started out with as CL of $1250 - and have been marginal in using it so as to not max the card out too much, so more so pacing it slow.

YTD I've spent between $3k-$3.5k on it and have paid it back. Yet my denial is "Your recent payments on Apple did not cover a significant portion of your monthly balance."

Guess Apple doesn't love me... oh well, to the sock drawer it goes... got other options in my wallet to free up the space.

Re: Apple Card

Cashbackjunky — Wed, 26 Oct 2022 21:00:17 GMT

@YoungMoney06 wrote:
I'm disappointed with my Apple Card. I started out with as CL of $1250 - and have been marginal in using it so as to not max the card out too much, so more so pacing it slow.

YTD I've spent between $3k-$3.5k on it and have paid it back. Yet my denial is "Your recent payments on Apple did not cover a significant portion of your monthly balance."

Guess Apple doesn't love me... oh well, to the sock drawer it goes... got other options in my wallet to free up the space.

Might be a silly question but do you have an installment on your Apple card? The verbiage of your denial leads be to believe you might have one

Re: Apple Card

YoungMoney06 — Wed, 26 Oct 2022 21:04:08 GMT

@Cashbackjunky wrote:
@YoungMoney06 wrote:
I'm disappointed with my Apple Card. I started out with as CL of $1250 - and have been marginal in using it so as to not max the card out too much, so more so pacing it slow.

YTD I've spent between $3k-$3.5k on it and have paid it back. Yet my denial is "Your recent payments on Apple did not cover a significant portion of your monthly balance."

Guess Apple doesn't love me... oh well, to the sock drawer it goes... got other options in my wallet to free up the space.
Might be a silly question but do you have an installment on your Apple card? The verbiage of your denial leads be to believe you might have one

Nope- no installments. I thought about getting the iPhone 14 on it, but very little that $1250 will help with, unfortunately.

Re: Apple Card

OrangeRange — Thu, 27 Oct 2022 02:13:49 GMT

@Cashbackjunky wrote:
@YoungMoney06 wrote:
I'm disappointed with my Apple Card. I started out with as CL of $1250 - and have been marginal in using it so as to not max the card out too much, so more so pacing it slow.

YTD I've spent between $3k-$3.5k on it and have paid it back. Yet my denial is "Your recent payments on Apple did not cover a significant portion of your monthly balance."

Guess Apple doesn't love me... oh well, to the sock drawer it goes... got other options in my wallet to free up the space.
Might be a silly question but do you have an installment on your Apple card? The verbiage of your denial leads be to believe you might have one

How long did it take you to get your credit limit on the card to $25K? Did you have a lot of installments to get bumps or spend a lot over a month or a few?

I'd really like to get my limit to $10K. It's at $7K right now. I have 2 installments that are only 15% of my utilization, so going to put more of my spending in Q1 next year on it to get my utilization up. May finance another Apple device too.

Re: Apple Card

OrangeRange — Thu, 27 Oct 2022 02:15:29 GMT

@YoungMoney06 wrote:
@Cashbackjunky wrote:
@YoungMoney06 wrote:
I'm disappointed with my Apple Card. I started out with as CL of $1250 - and have been marginal in using it so as to not max the card out too much, so more so pacing it slow.

YTD I've spent between $3k-$3.5k on it and have paid it back. Yet my denial is "Your recent payments on Apple did not cover a significant portion of your monthly balance."

Guess Apple doesn't love me... oh well, to the sock drawer it goes... got other options in my wallet to free up the space.
Might be a silly question but do you have an installment on your Apple card? The verbiage of your denial leads be to believe you might have one

Nope- no installments. I thought about getting the iPhone 14 on it, but very little that $1250 will help with, unfortunately.

I've heard that Goldman likes to see high utilization. Are you spending a good chunk of that limit monthly?

Re: Apple Card

Cashbackjunky — Thu, 27 Oct 2022 04:19:27 GMT

@OrangeRange wrote:
@Cashbackjunky wrote:
@YoungMoney06 wrote:
I'm disappointed with my Apple Card. I started out with as CL of $1250 - and have been marginal in using it so as to not max the card out too much, so more so pacing it slow.

YTD I've spent between $3k-$3.5k on it and have paid it back. Yet my denial is "Your recent payments on Apple did not cover a significant portion of your monthly balance."

Guess Apple doesn't love me... oh well, to the sock drawer it goes... got other options in my wallet to free up the space.
Might be a silly question but do you have an installment on your Apple card? The verbiage of your denial leads be to believe you might have one
How long did it take you to get your credit limit on the card to $25K? Did you have a lot of installments to get bumps or spend a lot over a month or a few?

I'd really like to get my limit to $10K. It's at $7K right now. I have 2 installments that are only 15% of my utilization, so going to put more of my spending in Q1 next year on it to get my utilization up. May finance another Apple device too.

I was approved for my card in July of 2021, for $10k. I put spend through it and was granted a CLI (by request) in November of 2021 to $15k.

My wife applied for her own Apple card in December 2021 ($10k) and we decided to combine the accounts.

Since we combined, I've not received a CLI. And we've put some good spend through

Re: Apple Card

firefox100 — Thu, 27 Oct 2022 13:20:44 GMT

Just some data points for Apple credit card have 10K limit only spend 2 dollars each month and once while 15 to 20 dollars on apple audio books and pay it off before it reports to cloud. This morning I requested credit increase got an email that they increase the limit by 500 dollars called in to see if they could review increase said I wanted even 1K to 11K. I was told that no and I would need to wate 181 days. It looks like in some cases even though you don't spend much they are giving small increase to keep you happy. In the past would be turned down for increases reason not enough use of your existing credit limit. It has been in the news that GS has been having big looses then other credit credit companys and banks.

Re: Apple Card

AlanGJP — Thu, 27 Oct 2022 13:38:17 GMT

Fine with me if they want to make CLIs harder. It's a cool card... in that it's heavy, looks neat and sounds **bleep** cool when you drop it. Outside of that, I can name a better card for nearly all use.

It does serve it's one purpose, right now that's 0% on my AW Ultra and being the one card I let report a balance. Outside of Apple purchases though, it gets little to no use.

I'm certainly not going to throw $10K/mo at it to get a decent CLI when I can put that spend elsewhere and get a nice return. I'd rather use another card and get those points/cash back.

I really like the card, the interface, and I own almost exclusively Apple tech. I just wish the card was more competitive.

Re: Apple Card

AlanGJP — Thu, 27 Oct 2022 13:37:34 GMT

@OrangeRange wrote:
I've heard that Goldman likes to see high utilization. Are you spending a good chunk of that limit monthly?

As a data point...

I messed around with the card early on to get a decent CL. My last big one (double my limit) was paying off my iPhone 13 Pro Max and Macbook Pro 16" Max in the same month. I believe I went from around 90% Util to 0%. They doubled my limit (roughly) about a week after I paid it off.

You're correct, they like high util. Like I said above, I just can't see putting the spend on this card to push it above where I'm at now. That said, I may stupidly do that with my Discover, just because it's limit is depressing and begging for a CLI with almost no spend isn't working lol.

Re: Apple Card

whoknows1 — Thu, 27 Oct 2022 20:40:33 GMT

Am I missing out on something lol. Been seen so many CLI talks about Apple Card... I just got my Apple Card like a month ago, they gave me $7k, and that's more than enough for me since I'm only using it on App store... and Apple hardware. What's the big deal about CLI. I have like 17 credit cards and never asked for CLI - I pay everything in full every month, usually they just give it to me after 6 months.

Re: Apple Card

CRound45 — Wed, 08 Mar 2023 18:53:26 GMT

Circling back to this, did you receive the CLI this month like you planned?