The digital payment focus of the Apple Card is a notable quirk of the product, but not its only peculiarity. Another curiosity of the Apple Card is that up to now it only reported one credit bureau: Trans, and union. It seems that has now changed.
Another frequently asked query is “Does apple card run your credit?”.
Apple Card reports to all of the three major credit bureaus. First, Apple says that your credit score won’t be affected if your Apple Card application is declined. If you have the card, then it can affect your credit score positively or negatively depending on how you use the card.
Apple said that the card is everything a credit card should be. A certain credit score is required to be eligible for an Apple Card. Young adults without a credit history may not qualify for an Apple Card.
First, Apple says that your credit score won’t be affected if your Apple Card application is declined. If you have the card, then it can affect your credit score positively or negatively depending on how you use the card. Although Apple Card doesn’t charge a late payment fee, missing payments can hurt your credit score.
A common question we ran across in our research was “Is the Apple Card Finally on Experian credit reports?”.
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 .
What is the Apple Card and is it good?
The Apple Card is a quality cash back credit card for the Apple enthusiast who both has an i. Phone and plans to stick within the Apple ecosystem. Getting an Apple Card requires an i. Phone, as this is the only way to apply.
Can I use my Apple Card to pay for a loan?
You sure can. Once you’re approved for the loan, you can use your Apple Card as your monthly payment option, which gives you that sweet 3% cashback reward every time you make a payment. Will there be a hard credit pull?
Do you need to qualify for Apple Card?
Availability is subject to credit approval, so you need to qualify for Apple Card just like you do with any other kind of credit card. While digital payments are available immediately, Apple will also ship out a physical Apple Card that can be used like a traditional credit 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.