Owners of Apple Card are reporting Apple is finally expanding the number of credit reference agencies it will report to, with claims the Apple-branded credit card is starting to appear on credit reports generated by Experian.
If a participant opts in to be credit reported, the Apple Card account will appear on their credit report. Participants inherit all positive and negative credit reporting from the account owners Apple Card account. The account owners payment history and account age is reported on the participants credit report.
Nearly four months after rolling out in the United States, the Apple Card is now beginning to appear on credit reports. Goldman Sachs has confirmed that it is working with credit bureau Trans. Union to begin reporting Apple Card information, informing cardholders that they will see full details on their credit report within the next five days.
When it initially launched, one of the strange features of the Apple Card was that it only reported to one credit bureau: Trans, and union. Now, however, the card appears to be reporting to all three major credit bureaus regularly. Here’s what you need to know about the Apple Card and its reporting changes to the major credit bureaus.
Will an Apple Card affect my Experian credit score?
The customer’s history with Apple Card, such as payments and how much is used as well as the age of the account, is likely to force Experian to make changes to the user’s score, though depending on the circumstances, it may be either a positive or a negative effect.
What credit score do you need to get the Apple Card?
The Apple Card is issued by Goldman Sachs. Goldman Sachs pulls an applicant’s Trans. Union credit report. You’ll need a Good to Excellent credit score to get the Apple Card in most instances. The minimum credit score for Apple Card appears to be around a FICO Score of 600.
Is the Apple credit card worth it?
That makes the card worth using for more than just Apple-related spending. But if you don’t plan on using Apple Pay much, that alone could tip the scales in favor of other rewards credit card offers. The Apple Card has a $0 annual fee, a 0% foreign transaction fee, and zero other fees to worry about.
Why can’t I get approved for the Apple Card?
You have a high number of recent applications for credit. Goldman Sachs uses Trans. Union and other credit bureaus to evaluate your Apple Card application. If your credit score is low (for example, if your FICO9 score is lower than 600), 4 Goldman Sachs might not be able to approve your Apple Card application.