@daveg38 wrote:I saw the commercial last night for the colored 24" iMac. So I figured today, I would just apply and let the cards fall where they may.
I do not know my score. I CAN tell you, however, that I probably have 50ish inquiries over 24 months (mostly auto), 6/24 and never missed a credit card payment since I became an Amex AU 16 months ago.
Limit is $1500. Added to Wallet and ready to use!
Question though - They subtracted the $1300 some-odd dollars from my available credit. I assume that I get credit back as I make payments? Or will they return that limit to me and just deduct $108ish a month until my installment is done?
Stoked I have made it this far up the food chain as I believe GS is pretty chintzy with approvals.
The 1300 is gone from your available credit. As you make payments, your available credit would increase. What I really don't like is the fact that the 1300 would also be reported to the CRAs. So, by the time your Apple card reports, it would already be maxed out.
Grats on your Apple card approval and enjoy your new Imac 
Congratulations on your approval!
Congrats on the approval and computer!! Enjoy them both!!
@jbestman007 wrote:
@daveg38 wrote:I saw the commercial last night for the colored 24" iMac. So I figured today, I would just apply and let the cards fall where they may.
I do not know my score. I CAN tell you, however, that I probably have 50ish inquiries over 24 months (mostly auto), 6/24 and never missed a credit card payment since I became an Amex AU 16 months ago.
Limit is $1500. Added to Wallet and ready to use!
Question though - They subtracted the $1300 some-odd dollars from my available credit. I assume that I get credit back as I make payments? Or will they return that limit to me and just deduct $108ish a month until my installment is done?
Stoked I have made it this far up the food chain as I believe GS is pretty chintzy with approvals.
The 1300 is gone from your available credit. As you make payments, your available credit would increase. What I really don't like is the fact that the 1300 would also be reported to the CRAs. So, by the time your Apple card reports, it would already be maxed out.
While it stinks that card is basically maxed, it's how most lenders choose to do it now. My guess is they were burned one too many times. The Chase Amazon used to just charge the installment payment, and not full amount, but that ended a few years ago.
