Apple Card - Offered $250 - Take It & Grow CLI or Wait?

[UpwardTrajectory]

CreditKarma FAKO: 709

Experian: 684

Hey all! I have been in the garden since April after 5 apps, have four AU cards (AmEx Plat, CSP, Bank of America Cash Rewards, AmEx Hilton Honors) and a Capital One Platinum that I just upgraded to a Quicksilver for 3K. 

My CreditKarma FAKO is at 709, and my Experian is at 684. I have about $9K in student loans (some delinquent), though I can pay that off at any time. My income is high, and I am a mindful spender now in my late 20s than when I was in my early 20s. I have lates, though I paid off all my closed accounts in March. 

Here is the situation: I want an Apple Card since I am in that ecosystem (Apple Music, iCloud every month etc), and applied to an Apple Card after getting rejected 2 times. I got approved, but for a very small $250 limit, which I was surprised by. If I take it, I'll responsibly use it for small lunches and Apple Pay stuff. I was originally planning to garden till January (when student loans are either cancelled hopefully, or just paying it off myself) and then apply to new stuff. 

I am wondering now whether to take the offer and grow it every few months with a CLI (and just let the AAoA age), or to wait. What should I do?

Thank you! 

[pizzadude]

I don't see any downside to taking it now, I'm sure over time you'll be able to bump the CL with good use and continued rebuilding and / or GW.

[RSX]

Agreed - i would take it and start getting the history of using it and paying it down

i use my for Uber as well, in addition to the Apple subscriptions

the CLI process is very easy - i would wait 3-4 months, then give it a try - it is all done through Text

[UpwardTrajectory]

Thanks guys! I will likely do it - if I am trying to plan for CLIs, would I leave a balance on the card to report every month, or just pay it down and keep it with an overall All Zero Except One strategy? 

[chalupaman]

The card can be a pain in the ass to get, so I'd take the offer and just start using it for small stuff, recurring Apple subscriptions, App Store purchases, etc. Then request a CLI in a month or two and go from there. 

[RSX]

not sure letting a balance report will help - but it doesnt hurt to try - maybe $20-30

the main thing you want to show is that you will use more than the $250 CL if they increase it for you

in some cases you can ask for the CLI by telling them you are trying to order a new device (iphone - ipod - anything over the $250)

good luck to you

[UpwardTrajectory]

Thanks, great advice! And exactly what I was going to use it for...could I realistically CLI in 1-2 months? I've heard some people take 3-4, and I would imagine it's a hard pull? 

[FalconSteve]

Personally, I would take it, request CLI every time I was eliginle, and grow

[thewally]

It's a SP pull, every 91 days.  Super easy to do through the automated chat bot.  Take it...

[UpwardTrajectory]

Wow! Do you set a reminder for every 91 days, or does it ask you with some sort of prompt?