Apple Card's Application Process

[Learning_Tee0225]

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@FinStar wrote:

@Learning_Tee0225 

Since you mentioned you're in the midst of a rebuild, I would hold off. Don't let temptation run you off the tracks. The Apple Card will be around for a while and I would focus on your rebuild efforts. Once things reach an optimal level, you can revisit the Apple Card application process to see if it yields better terms, such as a higher SL or APR. 

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I'm going to agree with you here. It's tempting. But I only see my profile getting better, not worse. I think Ill try again In 4-6months time and see what goes. Not like I can purchase a lot of Apple products with $500 anyway 😂 

[Zoostation1]

GS (via Marcus) also does the same soft pull to get your offer first process for the GM Card as they do the Apple Card.  Since I'm an android user the Apple card isn't an option for me but just for kicks and as a DP a month ago I did the preapproval for the GM card.  I was offered a $2000 limit and 25.24%.  I guess that's about what I would expect given my profile, but didn't move foward with it as I don't have a good use case for the card.

[LADave]

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@Learning_Tee0225 wrote:

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@FinStar wrote:

@Learning_Tee0225 

Since you mentioned you're in the midst of a rebuild, I would hold off. Don't let temptation run you off the tracks. The Apple Card will be around for a while and I would focus on your rebuild efforts. Once things reach an optimal level, you can revisit the Apple Card application process to see if it yields better terms, such as a higher SL or APR. 

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I'm going to agree with you here. It's tempting. But I only see my profile getting better, not worse. I think Ill try again In 4-6months time and see what goes. Not like I can purchase a lot of Apple products with $500 anyway 😂 

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My unconventional opinion on this is to get the Apple Card before you think you'll need it, if that's something you can easily do.

From what I've seen the starting limits on the card aren't all that impressive, but the credit line increases have been pretty generous. If you reliably use and pay off the card you're all but guaranteed to get approved for credit line increase requests over time.