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Rejoicing! Approved for Apple Card and Turned It Down

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Frequent Contributor

Re: Apple Card Offer Declined

I agree with you. Maybe it will catch on in the future?

I think BB&T has something similar if you are in their geographical area.
Message 111 of 120
Valued Contributor

Re: Apple Card Offer Declined

Agreed also that it’d be nice if it was always that way but I doubt it will be. How often on here do you see “I got approved for _______, but the CL was only $1500. If I had known it’d be that low I wouldn’t have taken the HP.” Banks would tend to not get as many customers if they showed them the disappointment before accepting the offer, and that’s lost interest/swipe fee revenue...


Rose Gold | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020




Message 112 of 120
Established Contributor

Re: Apple Card Offer Declined


@RootDet wrote:

Thanks. I wish every bank did apps this way. Soft pull, show you the apr and credit line, then give the ability to accept with the hard pull or decline with only the soft.

 

It prevents customers from being disgruntled with the terms after the fact. 


Right?? Like it can obviously be done, so why are no other banks doing this? Well, I mean, I understand why, but I've never seen any other bank offer anything like this before, unless you're already a member of that bank. 

I’m probably never finding that garden everyone keeps talking about.



Officially collection free as of 3/19/19!!
STARTING SCORES: 377 (11/2013) & 580 (3/2018)
Message 113 of 120
Community Leader
Senior Contributor

Re: Apple Card Offer Declined


@RootDet wrote:

I wanted to see what would be offered with my profile, so I thought I would share some DP's.

 

Credit line offered: $10k (Offer was less than 10% of income, but seemed rounded)

APR: 17.99

 

Score: 819

Income: Low 6 figures

Credit Profile: Thick profile with about 20 cards. About 5% util, DTI is probably around about 30% (would have to crunch numbers, but cant be much higher). Low inquiries (less than 5 over 24 months, nothing within last 12 months on TU)

 

Highend Cards:  Penfed at $50k, Discover at $46k, BOA at $56k, Two AMEX one at $25k, the other at $32.5k, Navy at 50k, Usbank at $25k, Paypal Mastercard $25k, Walmart store $25k

Low End Cards: Local CU CC: $12k, Local CU Od: $4k, Crapone: $6.5k (my oldest), Navchek: $15k, Citi: $15k (had a $32k line until they sold it, they been going slow ever since), Chase Amazon at $15k, and Chase Freedom (2nd oldest) at $17.5.

Car loan at 75% paid off. 

Last new account: About 7 months ago now

 

So, i feel they low balled the offer significantly. Perhaps the CC debt scared them away a bit, but it seems like $10k is the average credit line offered for those in my range. I was hoping they may surprise me with something like 30k or etc that would peak my interest. I just was not willing to get a new account for something so low, and no indications of future growth.

 

Ironically, GS has been always willing to offer me fixed loans for $100k+

 


Wow, what an awesome credit profile. It could be that Apple/GS felt you wouldn't need higher than $10K since you already have quite a few prime cards in your arsenal. 

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 114 of 120
Community Leader
Senior Contributor

Re: Apple Card Offer Declined


@Queen_Etherea wrote:

@RootDet wrote:

Thanks. I wish every bank did apps this way. Soft pull, show you the apr and credit line, then give the ability to accept with the hard pull or decline with only the soft.

 

It prevents customers from being disgruntled with the terms after the fact. 


Right?? Like it can obviously be done, so why are no other banks doing this? Well, I mean, I understand why, but I've never seen any other bank offer anything like this before, unless you're already a member of that bank. 


And this is why Apple is Apple. They're creative and have always been the brand that leads the pack. 

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 115 of 120
Community Leader
Super Contributor

Re: Apple Card Offer Declined

I love being a sheepSmiley Happy🤖
#ChaseCreditCardHobby Enthusiast
Message 116 of 120
Frequent Contributor

Re: apple two denials and an approval which I rejected, data points

That is interesting. With a measly 622 FICO9 score they approved me for $1000 with a 23.99 APR. Im in the garden, have been for about 9 months, going on 10 soon. My profile is rather strong aside from scores. I was shocked that they even offered me something lol

Of course I declined. I am focusing on the rebuild. Once my scores are up and UTL is down I will try to check for a new approval.


With the new iPhones that are coming out this week.. it is super tempting in regards to the Apple card 😭😩
Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU: 642 EX: 637

June: EQ8: 637 ^26 TU8: 645 ^7 EX8: 642 ^0

Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS AAOA: 2YR 3MONTHS
Inquiries in 12 months: EQ: 4 TU: 1 EX: 2
New Accounts in the last 8 months: 0


CLOSED: Self Lender 12Month CD: June 20th 19’





Main Short Term Goal: Auto Lease 2020 Jeep MOAB with 700 scores across the board.
Message 117 of 120
Member

Re: Rejoicing! Approved for Apple Card and Turned It Down

What "wallet" did that show up in? New to these forums and still trying to figure out what some things are people refer to lol! Good job on the self-control too! Smiley Happy


CSP $9.7K || CFU $3.4K || CF $10.2K || PNC Cash Rewards $4K || Synchrony $16K

SEPT 2019 EX: 733 TU: 735 EQ: 746
GOALS: 800 Club


In the garden until March 2020.
Message 118 of 120
Community Leader
Senior Contributor

Re: Rejoicing! Approved for Apple Card and Turned It Down


@MandyLou wrote:

What "wallet" did that show up in? New to these forums and still trying to figure out what some things are people refer to lol! Good job on the self-control too! Smiley Happy


Thank you. Smiley Wink

 

The "wallet" app is on your iPhone. Look in Settings and scroll down to Wallet & Apple Pay.

 

Also, here's a list of common abbreviations we use here on MyFICO

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 119 of 120
Member

Re: Rejoicing! Approved for Apple Card and Turned It Down

Got it! Thanks. 😊

CSP $9.7K || CFU $3.4K || CF $10.2K || PNC Cash Rewards $4K || Synchrony $16K

SEPT 2019 EX: 733 TU: 735 EQ: 746
GOALS: 800 Club


In the garden until March 2020.
Message 120 of 120
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