Apple Card denied - DPs

[KJinNC]

Well, I don't have a TransUnion score yet, but my other two are well over 700, and my TransUnion fako is about the same as my other two fakos (~650). I was declined for an Apple card. I don't mind, don't need the card, only applied because it was SP just to see what happened. I am only saying, they have some standards, even if it's not clear to everyone what those standards are. Most likely, it relates to how heavily enmeshed they are in the Apple ecosystem (I am not at all), with the card's purpose being more about maintaining or deepening that relationship, as opposed to getting random subprime applicants.

[Anonymous]

insuffient credit history ,their certainly right about that . 

[BallBounces]

If I were in your shoes, 

AOAA (sic) 7 MONTHS
INQS EQ 25 TU 25 EX 15

I would stop submitting credit seeking applications for a long while.

YMMV, and we all have our own row to hoe, and cats to skin, etc.

[AverageJoesCredit]

Time, gramps, in time.

[Anonymous]

at least its a inq free check  unless you count the money for the iphone lol 

6 months history is actually on vantage score 

myfico says tu AAOA is 2years 3 month 

but yes its very new credit

tu froze again 

[BallBounces]

Again, I would stop submitting credit seeking applications for a long while.

"Freezing credit bureaus" is not the answer.  Stopping applications for credit is the answer.  At some point, if you want to be approved for balances or products, you will need to let a lender see that you are not making aggresive applications.  Would you rather have that  Discover goal card in 6 months, or 36 months?

To each his own.

[Anonymous]

Sooo, I wanted a Sherbet card too like everyone else, but I guess not lol! Thankfully it did NOT impact my credit. As I am applying for NFCU on the 9th. 

"

Thank you for your interest in Apple Card. Goldman Sachs Bank USA has reviewed your application, and it was not approved at this time because:

• A bank has recently closed your account

What does this mean? I haven't had a credit card or debit card closed since 2017.. Will NFCU give me these same decline reasons? 

Goldman Sachs Bank USA received your credit score from TransUnion Consumer Solutions.

Your credit score is a number that reflects the information in your consumer report. Your credit score can change, depending on how the information in your consumer report changes.

Your credit score as of September 3, 2019: 731

Scores range from a low of 300 to a high of 850.

This decision will not impact your credit score.

Key factors that adversely affected your credit score:

• Length of time accounts have been established
• Lack of recent installment loan information
• Too many accounts with balances
• Length of time revolving accounts have been established
• Number of inquiries"

My longest established TU reporting account is 2 years, with the newest being 2 months. 

Completed a secured loan in July.

All under 8.9% though.

???

2 inquiries

[Anonymous]

@513credit I’m sowwy try again later! You’ll get it eventually, if you still even want it. :-)

[Anonymous]

Thanks for the advice i havent applied for a card in over 2 months i just tried apple because its a soft pull mine are high but the first inquires from feb are going over 6month months now so after the first of the year my accounts will be nearing a year open .and all inqs will be at least 6 months then .ive got plenty of credit but yes im impatient.would like to have more than 1 major lender in case they go bad or something. Thanks again for everyones advice

[CreditInspired]

513credit wrote:

A bank has recently closed your account

What does this mean? I haven't had a credit card or debit card closed since 2017.. Will NFCU give me these same decline reasons? 

2017 is considered recent in the eyes of creditors. 

It may or may not affect whether NFCU will turn you down or not. What was the reason for the bank closing your bank account?

My longest established TU reporting account is 2 years, with the newest being 2 months. 

Completed a secured loan in July.

The AAOA may be the culprit.