Your Apple Card account information, such as payment history and credit utilization, will be reported to credit bureaus and shown in credit reports as your individual Apple Card account. If you choose to add a participant to your Apple Card account.
Yet another inquiry we ran across in our research was “Does apple card report to credit agencies?”.
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.
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.
Getting an Apple Card requires an i. Phone, as this is the only way to apply. And while there is also a physical, titanium credit card for purchases outside of Apple Wallet, those purchases only earn 1% cash back.
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.
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.
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.
How do I know which credit bureau my credit card reports to?
Knowing which credit bureau your credit card reports to is a fairly simple process. Most credit cards offer complimentary credit scores each month – either through FICO Score or Vantage, and score. Closely monitoring your credit score can indicate where your credit cards are being reported.