@Anonymous wrote:I got Apple Card Approval 40k limit at 12.99 APR...
TU 836 income in 6 figures.Total credit is over $500k, high limit of another card is $59k with 0% utilization. This is probably the highest or max you can get or close to it?
A W E S O M E !!
Congratulations on a great
approval and Starting Limit!
Would definitely like to hear a few more data points. There have been a handful of $25K, $30K, and a couple of other $40K approvals but seems little logic as to what makes a difference. There's a lot of $20K approvals lately also, even for others with high scores (800+) and six-figure incomes. Just trying to identify a pattern here since it makes no sense to me.
Like you, I have high FICO (GS showed 850 TU Score 9).
Like you, I have six-figure income (>$350K)
Like you, I have low utilization. (1% PIF)
Like you, I had high total limits ($375K) although not quite as high as yours
Like you, I had a high credit line ($50K) although not quite as high as yours
I even had large investment in GS Marcus Money Market account.
Like you, I got the lowest 12.99% APR.
Yet I got approved for the $20K instead of higher.
Only negatives I know were five new cards in past 16 months and I had never used Apple Mobile Wallet, if that was a tiebreaker.
While I'm glad to have a $20K limit, I can't imagine what else they are looking at that makes such a huge difference.
I've also seen surprise from people in the 700's scores with how little they were approved for compared to other credit lines.
Their underwriting seems a little different from other lenders but it seems there is no real pattern yet from the DPs.
I agree... that's why I have yet to accept the offer. Two months ago, I received a Lowe's $25k and CareCredit $20k card. They both pulled my TU so I think I may wait a couple months and see if my TU FICO 9 score increases. Hopefully with my accounts aging and the new accounts not being so new, that will make the difference. 🤔
“Most people work just hard enough not to get fired and get paid just enough not to quit.”
Congratulations on your approval and awesome SL!!!
@Aim_High wrote:
@Anonymous wrote:I got Apple Card Approval 40k limit at 12.99 APR...
TU 836 income in 6 figures.Total credit is over $500k, high limit of another card is $59k with 0% utilization. This is probably the highest or max you can get or close to it?
A W E S O M E !!
Congratulations on a great
approval and Starting Limit!
Would definitely like to hear a few more data points. There have been a handful of $25K, $30K, and a couple of other $40K approvals but seems little logic as to what makes a difference. There's a lot of $20K approvals lately also, even for others with high scores (800+) and six-figure incomes. Just trying to identify a pattern here since it makes no sense to me.
Like you, I have high FICO (GS showed 850 TU Score 9).
Like you, I have six-figure income (>$350K)
Like you, I have low utilization. (1% PIF)
Like you, I had high total limits ($375K) although not quite as high as yours
Like you, I had a high credit line ($50K) although not quite as high as yours
I even had large investment in GS Marcus Money Market account.
Like you, I got the lowest 12.99% APR.
Yet I got approved for the $20K instead of higher.
Only negatives I know were five new cards in past 16 months and I had never used Apple Mobile Wallet, if that was a tiebreaker.
While I'm glad to have a $20K limit, I can't imagine what else they are looking at that makes such a huge difference.
I've also seen surprise from people in the 700's scores with how little they were approved for compared to other credit lines.
Their underwriting seems a little different from other lenders but it seems there is no real pattern yet from the DPs.
I'm very curious too as I was fairly surprised by my $40K SL. I posted my DP for the same SL here. As far as Apple Mobile Wallet, I had 12 cards in it prior to applying but actual usage was very low. My stats are similar to yours. Single CL is not as high. I had 8 new CC in the last 18 months.
12/19/19 
06/11/20 
07/02/20
Tied ya, we accepted also.
@Anonymous wrote:
I got 100k limit with 12.99Apr
@Anonymous if you're serious I'm sure plenty of folks would love to see a screen shot of that, along with your other data points. 