Before I closed it, my apple card credit limit was at a little over one tenth what my highest credit limit was, and was significantly lower than all my other credit limits. I closed the card at a credit limit of $2750. I started at $2500. Most of my credit cards are around 15k credit limits and my highest is $25k.
I bought apple equipment and paid it off quickly, I tried to use it for small amounts each month. I only got a $250 cli in 2 years. My ficos are all in the 770s and 780s
So...Goldman Sachs hates some of us, and for some of us it isn't "easy" to grow the card lol 
Apple card is definitely growing for me. I use it for everything to pay bills, gas at Safeway stations and whenever I am out to dine and Apple Pay is accepted.
The ease and convenience is what motivates me to keep using it. And yes, usage generates CLI. In 6 months, I received two $2k CLIs.
An apple a day keeps the doctor away
Only if it was really true LOL
Anyway,
Apple CLI's are nice since they are a SP. But if you deserve it you are going to get the CLI. As others posted you are using the card often so sure they give you want you want. You are following the rules for a CLI.
Thanks
Mark
@Anonymous wrote:An apple a day keeps the doctor away
Only if it was really true LOL
Anyway,
Apple CLI's are nice since they are a SP. But if you deserve it you are going to get the CLI. As others posted you are using the card often so sure they give you want you want. You are following the rules for a CLI.
Thanks
Mark
ya, I get that.
I just wish Cap One, BofA and a couple others would feel the same way when I used their cards the same way
.
@Remedios wrote:I kinda don't understand.
You just described just about any lender.
It's not a trick, and while getting increases isn't some guaranteed norm, it's "normal"
Most respond well to use, some will give increases with nominal use, and others don't budge without using significant portion of credit line for extended period of time.
I am just not sure what's "easy" about apple card. One would think that doing .99 cent reload on Amazon every six months and getting increase would be considered easy.
The "method" described above is kinda business as usual unless there is something I'm missing. I just don't see what's "easy" about it, I guess.
It's true that increased spending patterns are often helpful in a successful CLI, regardless of the lender. And I would agree even more that the easiest CLs are those that come regularly with low-to-no usage and a soft pull! (Navy Federal CU, for example!) The AMEX 3x CLI on new cards is another example of an exceptional rate of increase. But those lenders and situations seem to be the exception from my experience.
IMO, Goldman Sachs - Apple is "easy" compared to many other lenders for a few reasons.
- Increases may be approved once every 91 days. This is highly unusual since six months seems be closer to the norm.
- Increases are always approved with a soft pull. While many lenders will approve with a soft pull, hard pulls are still the predominant expectation and can even occur with lenders who also do soft pulls such as Navy Federal (if you call instead of processing electronically) or AMEX (YMMV).
- Approval process is very simple and quick with an immediate reply from a text message via Apple Wallet. My last one probably took three minutes and was available immediately in my available balance.
- Yes, usage volume sometimes drives a CLI, but Goldman Sachs appears to be much more generous per each CLI relative to the same spending level than other major lenders. My data points, for example, showed Apple card could get a successful CLI starting with spending about 25% of current credit limit. But Capital One needed something akin to 45% of credit limit to approve an increase. (my last CLI) Meanwhile, in recent years, Capital One often gives a maximum of $3K per CLI while Apple card can grow as much as $10K per CLI. While lower SLs haven't grown as much as higher limits, the relative fast growth has been well documented by quite a few of our members. One of the best cases-in-point is @CreditAggie who grew his SL a multiple of 48x from $250 to $12,000.
- Apple card limits can grow quite high. One member documented his regular increases up to a CL of $68K.
What might be useful is if we compiled more data points about spending levels on cards from other lenders relative to each CLI, but my casual observations are that Apple card would be one of the easier-to-grow cards. Yes, the "method" OP described isn't particularly special to Goldman Sachs, but what is special is some quantifiable data points about the minimum spend level needed for success. We don't have much data on that from other lenders as far as I know.
@fm92555, I estimated that spending a minimum of 25% to 30% of current credit limit was needed for successful CLI based on multiple data points in an early Apple CLI thread. It was based on total spend over a few months prior to requesting the increase, so if you're spending 25% of CL per month over three months, that would be 75% over 90 days. Heavier spend such as that has led to larger relative increases! Congratulations on your successes with the Apple card!
Are you getting these CLIs automatically or are your requesting them. Also do you pay in full every month or carry a balance?
This is great info. I didn't use my Apple Card much after getting approved for $5500 in September, and saw others posting about the ease in CLI approvals. I tried last month, and was denied the CLI, "...not able to provide an increase at this time.... try again later..." ...my words...
I did apply after a Soft pull preapproval for the GM Rewards (also Goldman Sachs) and was approved to $8000 on that card a few weeks ago.
I originally just got the Apple Card to help with my utilization. I also wanted the card in case we had emergency Apple purchases for work (if CEO breaks his phone, etc.). I could get the cashback benefit while being reimbursed for the equipment by my company...
Will take this usage into consideration and try again in the summer after a few months of higher use...
Congratulations on your CLIs. This is the next card on my list to acquire. I just got the X1 and am putting a lot of my spend on that in this first month with 4X points and will do so for several more months to see what I can get for CLIs with them. After that I will get the Apple card and start to work on it. Your success is exciting for me to see!!!
