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.
Yet another inquiry we ran across in our research was “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.
Another popular question is “Does apple card pull credit?”.
Apple does a soft credit pull when you apply for Apple card so you can see Apple’s offer with credit limit and APR. A hard pull happens after you hit the “accept” button. Apple wanted to make the Apple Card accessible to as many people as possible, which means Apple Card partner Goldman Sachs is approving people with a wide range of credit scores.
One of the next things we wondered was, is the Apple Card a credit card?
One common answer is, 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.
Credit Check A credit check is required when signing up for the Apple Card. Approvals are done by Goldman Sachs, and Goldman Sachs uses Trans. Union for credit checks. If you have a credit freeze applied, you will need to unfreeze your Trans, and union credit.
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?
Does the Apple Card affect your credit report?
Apple Card is poised to become the Apple Music of credit cards for anyone that has an i. Phone – the service people sign up for by default since it’s built into the software. While Apple Card does bring solid rewards and impressive money management tools, it will also affect your credit report when you apply for it.
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.
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.
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.