Is Apple GS Card considered as Prime Card and CLIs

[Anonymous]

yes, I found that too on my phone. But I am used to grabbing a card and using it over the phone or a website. For now I am just using the card on in store purchases. I guess it will just take time for me to get used to it but since I have so many cards from so many lenders. For me it is not worth the trouble to get that info off the wallet. I think they shot themselves in the foot on that one.

Thanks

Mark

[Red1Blue]

I am wondering if Apple GS do HP for CLI. Those of you who got CLI from Apple GS could you please share your experience with CLI request.

[FinStar]

@Red1Blue -- several threads have been merged into one given that the main topic of discussion is in reference to the Apple Card. Please refrain from cross-posting or creating multiple threads on the same topic as this creates confusion for the community and is against the TOS.  A variety of the questions you've asked are easily found by using the search feature.  Thanks.

[Aim_High]

@Red1Blue, the term "Prime" or "Subprime" technically refers to consumer profiles, not lenders or cards. (Some lenders do specialize more in one end of the market. However, many lenders issue cards directed towards both ends of the market. Some cards directed at the subprime market segment have more "subprime" features than others, with more harsh terms and fees. Likewise, "Prime" cards can have varying strictness of underwriting for approval.)  Goldman Sachs and Apple are definitely a Prime bank/card; Apple card has none of the typical hallmarks of a "subprime card."   See THIS  link for more discussion of prime-subprime. 

There are tons of data points about Apple Card CLIs on My Fico. They soft pull, no more than 1x every 91 days.  It can be requested by text message through mobile wallet interface. Success and the amount of increase is highly contingent on your level of spend as a proportion of current CL.  See THIS lengthy thread for lots of data points. 

[Aim_High]

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@Red1Blue wrote:

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@Anonymous wrote: ...  there is no account number on the card, no expiration date and no CCV number. I hope this is not trend setting as I find it very annoying.

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...  when I logged into Apple Card website I could find the card number, exp date and cvv number. It is there on the Apple Card Website.

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@Anonymous, I agree it's different but easy enough to open mobile wallet and navigate to it, as opposed to grabbing your wallet and searching for the card.  It might even be quicker. From start screen:

Apple Wallet > Apple Card > Three Dots (upper right) > Card Information

Four Taps and you've got it all at your fingertips.  Us old guys just have to get used to technology. Lol. 😜 The nice thing is that it GREATLY enhances card security from someone copying those numbers.  And, enables you to always have that card info handy. Even if you don't carry all your cards. 😃 

[SecretAzure]

To not start yet another thread, I'll ask my question here. Left the garden after quite a while and app'd for this a few days ago. I received the lowest APR (which is great) but also got a measley toy limit of 1.5K. My average CL across all my cards is probably around 15K (lowest limits at $10K). My utilization was ~1% at time of app. Scores above 810.

Does the CL grow on its own with use?

Can I ask for a soft CLI? (if so when is best to do so)

How often can I request a CLI?

[Aim_High]

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@SecretAzure wrote:

To not start yet another thread, I'll ask my question here. Left the garden after quite a while and app'd for this a few days ago. I received the lowest APR (which is great) but also got a measley toy limit of 1.5K. My average CL across all my cards is probably around 15K (lowest limits at $10K). My utilization was ~1% at time of app. Scores above 810.

Does the CL grow on its own with use?

Can I ask for a soft CLI? (if so when is best to do so)

How often can I request a CLI?

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@SecretAzure, there are lots of data points in the thread I linked above and in others. Yes, Goldman Sachs had a reputation for awarding low SLs relative to profile for most of us. In a nutshell ... 

Does the CL grow on its own with use?

Yes, and normally only with moderate to heavy use. While there have been some auto-CLIs, the SP approval process makes it easy to request more without waiting for auto-CLI. Heavier use of existing CL has led to larger increases. If you want it to grow really fast, you may need to be willing to accept lower 1% rewards on the physical card or for web payments. The higher 2-3% rewards are only where Apple Pay is accepted. 

Can I ask for a soft CLI? (if so when is best to do so) How often can I request a CLI?

Yes. 1x every 91 days. 

[NoMoreE46]

@Red1Blue 

Excellent.  I would not be too concerned what other people perceive if this is a "Prime" card or not.

I was granted the card when it was introduced just over two years ago.  I personally enjoy it and absolutely love when mobile/websites allow Apple Pay.   Upon checkout,  I press my thumb (yes so 2017....) to validate.  Shipping address is integrated and bam, an easy 2% back and done- phenomenal.

[cashorcharge]

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@NoMoreE46 wrote:

@Red1Blue 

Excellent.  I would not be too concerned what other people perceive if this is a "Prime" card or not.

I was granted the card when it was introduced just over two years ago.  I personally enjoy it and absolutely love when mobile/websites allow Apple Pay.   Upon checkout,  I press my thumb (yes so 2017....) to validate.  Shipping address is integrated and bam, an easy 2% back and done- phenomenal.

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Agreed!  I don't feel that having the Apple Card leaves a negative connotation with other banks when they're reviewing my profile.  They are looking at other factors more important to them.  It's a nice card, SP CLI's regularly, easy to use and easy to spend rewards. 

[jl4]

I've always looked at it as a prime card. Their CLIs are moderately generous, though I wouldn't say mind-blowing compared to some. My card started with $6,000 when it first became available and saw a couple of $1,000 increases when I inquired (soft pulls) to a total of $8,000 CLI. At some point in the recent past, they bumped it for me, without asking, to $12,000. That data point would also suggest they do CLI evals on their own, too, especially if the card gets regular usage.