GS is not known for issuing particularly high SLs for the Apple Card. Your offer looks in-line with what a lot of others post with similar profiles. My last 2 offers have been $4K with scores about the same as yours, the highest they've offered me is $6,500. The card can grow with SP CLIs I believe every 90 days with a moderate amount of spend on the card. If you hit "decline offer," your offer will disappear and you will be locked out of applying for another 30 days. If you want the offer to sit and marinate for the 30 day waiting period, simply swipe out of the application without hitting accept or decline.
@citanX wrote:I would really like a $6500 limit. What was different that time compared to the other times if you don't me me asking?
The only difference in my overall profile at that point was I had 2 less revolving accounts. It goes back and forth a bit for approval terms depending on how GS is feeling that month, and I generally apply every month for S&G. 4K and 6.5K are certainly not much different in the grand scheme of things. I totally agree with @M_Smart007 in that if it is a card that fits your spend I would just go for it, use it, and keep requesting those SP CLIs. From what others have reported it's not the quickest grower, but they seem to hand out CLIs in 90 day increments with reasonable use of the card.
@citanX, Goldman Sachs has been very conservative with starting limits. However, many members have been able to get regular CLI's with regular moderate usage. If you intend to make this card a daily driver, it's worth it to take the offer and let it grow.
I agree that income seems to be a factor with credit limit approvals but I'm sure there are others. I think the strength of credit score more directly affects the APR. I don't know the exact approval relative to income but here is an illustration. Joe makes $100K per year. Bank X approved Joe for a $10K card, about 10% of his income. With the same profile, Goldman Sachs approved him for $5K, or about 5% of his income. Most of our members were disappointed with lower-than-normal starting limits relative to our profiles.
In some analysis I did on other threads, it appears using at least 25% to 30% of your credit limit over a few months before asking for an increase usually helped approvals. So if you were initially approved for a $4K starting limit, charging an average of at least $300 to $400 monthly for 3 months ($1K-$1.5K spend) might be enough to be approved for an increase of another $1000 to $1500 or so. Higher spend might yield better increases. They love usage.
