How does Barclay's Apple card work?

[toothgrind3r]

So I am in the market for a new iMac, and the thought of 0% for 18 months using the Barclay's Apple card sounds nice to me, and will also allow me to get the iMac that I really want.

So how does it work though?  

Making up numbers, let's say that the iMac I want to get is $2000.  I go through the process of purchasing it online, and then I can choose to apply for the Barclay card.  

Obviously I won't know how much I get approved for until I apply...but do they typically only give you enough to cover the cost of what you're buying?  Or will it be like any CC app, meaning is my reports/scores support it, my limit may be 3 or 4 times the cost?

Would hate to app and then either max out the card, or worse, not get enough to cover the purchase.

Of course, I understand, YMMV with this sort of thing, but any insights would be greatly appreciated!  

Oh, and also, if I am reading correctly, this only applies to any purchases made in the first 30 days correct?  So if I get the card, use it for my iMac....say, 3 months from now, I would like to buy an iPhone or something, using this card will not get me the 0% financing, correct?  

[Anonymous]

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@toothgrind3r wrote:

So I am in the market for a new iMac, and the thought of 0% for 18 months using the Barclay's Apple card sounds nice to me, and will also allow me to get the iMac that I really want.

So how does it work though?  

Making up numbers, let's say that the iMac I want to get is $2000.  I go through the process of purchasing it online, and then I can choose to apply for the Barclay card.  

Obviously I won't know how much I get approved for until I apply...but do they typically only give you enough to cover the cost of what you're buying?  Or will it be like any CC app, meaning is my reports/scores support it, my limit may be 3 or 4 times the cost?

Would hate to app and then either max out the card, or worse, not get enough to cover the purchase.

Of course, I understand, YMMV with this sort of thing, but any insights would be greatly appreciated!  

Oh, and also, if I am reading correctly, this only applies to any purchases made in the first 30 days correct?  So if I get the card, use it for my iMac....say, 3 months from now, I would like to buy an iPhone or something, using this card will not get me the 0% financing, correct?  

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I think you'll be able to get a starting limit north of $2000.  In March, I applied for the Apple card and received a $2,000 SL with scores much lower than yours and I still had some baddies on my report.  The 0% is for the first 30 days but I have read some members reporting that if you call after the 0% financing is up you might be able to get it added back on as an offer.  Barclay does tend to be more conservative with their starting limits, by no means are they Cap1 handing out $10k, $15k, or $20k starting limits, but you can always recon your starting limit with a soft pull if you call the backdoor number.

In fact, I just got off the phone with Barclay amount my Sallie Mae approval last night.  I had a starting limit of $3,800 and called to ask if I could get the limit raised to at least $5,000.  The credit analyst took a look at my report and told me he was able to raise the limit $2,000 to $5,000.  Now I'm trying to log in and log out to see if he misspoke when he said raise it $2000 and meant raise it $1800, or if there was a $2000 bump.

Hope this helps!

Oz

[ddemari]

OP- find out how much you are going to spend. 

When you app for the card, they will give you a range to choose from on how much / purchase price. 

You get the special financing for 30 days to buy something. But after that, you can most definitely call up barclay card and ask them to add another 0 percent promo offer to your account. They are very happy to extend the offer to you again for additional purchases down the line. 

With a 740 fico tu, you will get at least a 5-6k limit I would think with that card. Of course, if you dont get a good limit, u can definitely recon with those scores. 

[toothgrind3r]

Thanks guys/gals for th info!

[Anonymous]

I got approved today with a $2000 starting limit. I called and asked if I could have my starting limit raised to $4000 because I didn't want to max my current limit with my purchase. They guy said they will do a SP since I was recently approved. He put me on hold and came back and asked how I typically use my cards, my recent inquiries, and what my payment plan will be. Afterwards, he said he was able to increase my limit to $4000. Yep, just that easy!

[ddemari]

Congrats!!! 

[toothgrind3r]

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@Anonymous wrote:
I got approved today with a $2000 starting limit. I called and asked if I could have my starting limit raised to $4000 because I didn't want to max my current limit with my purchase. They guy said they will do a SP since I was recently approved. He put me on hold and came back and asked how I typically use my cards, my recent inquiries, and what my payment plan will be. Afterwards, he said he was able to increase my limit to $4000. Yep, just that easy!

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What was yout TU profile like at the time of app if you don't mind me asking?

[Anonymous]

My TU was 672 with about 6 new accounts since Jan. and a lot of accounts with balances. AAoA is a year old. With your score, I'm sure you can get whatever limit you want within reason!!

[taxi818]

It's simple. During the app process. They will even ask you how much you need. Not like most cards. Then they will either give you what you asked for or not. It goes like this. 

How much do you need?

1000-2000

2000-3500

3500-5000

above 5000

you choose accordingly. 

if they don't approve. Just call and  recon limit. They will give it to you. Mine started at 2k. 4 months was up to 5k 

[Anonymous]

I got my Apple Barclay in April with a limit of $2000. My TU score was 631 when I applied and I had 8+ collection accounts and multiple lates/deliquencies on older accounts. 

I didn't use the 0% APR within 30 days. Looking around the boards, I knew that I would be able to obtain that offer again. So I wanted until Apple's conference in June to see if they were releasing any new iMacs. They didn't really offer anything that stood out and with Overtime going at work, I would barely use it. So instead I got the unlocked iPhone6 and the iWatch. I logged into my Barclay account and sent a message merely saying "I did not use my 0$ financing within the 30 days. I was wondering if you could reactivite that so I could make my first/initial purchase." They said sure and -BAM- 0% financing activiated again for 30 days. 

Overall... with your scores... you should get a great amount. I wanted to go through with this initial purchase and wait for a Auto CLI so that when I do get an iMac I'll reask for the 0% financing and have a better limit to work with! 

Good luck