Apple Card Denial

HI go here - How your Apple Card application is evaluated - Apple Support

We are fellow users like you. Apple is not here.

Yes, you DO have debt. Your credit card outstanding balance WHILE YOU ARE AWAITING A STATEMENT is debt. That fact was hammered on to me when my wife charged $5000 worth of dental bills on my CC. My FICO dropped twenty points and stayed there until I paid the statement. If I really cared, I could have paid early but things like that don't bother me.

The debt exists independent of whether or not a payment is due. Think of a car loan. You borrow $20,000. You've just increased your total debt by $20,000 even though the first payment is not yet due.

Certainly, you don't always have a credit balance. There's a reason why this is referred to as credit HISTORY. However, that means NOTHING because it is likely that you've used your credit card after the closing date for the statement and therefore you have debt.

Your debt is NOT counted from the time a statement is issued. You have a debt the instant that you use your credit card and that debt remains until you pay the CC company.

Your credit report does NOT update instantly when you pay your bill.

You would have to see EXACTLY what was pulled at the moment that GS pulled it to see why they made the determination they did.

Speculating about what may or may not have happened here is pointless. This is a technical forum.

No one here works for Apple and no one here represents GS.

I'll type slowly...

The INSTANT that you incur a charge on your credit card, you have a debt. That debt is not cleared unless and until you pay the CC company.

Yes, everybody that uses credit cards is in debt all or most of the time. The question is how much in debt and how much in debt in comparison to your income. If you earn $50,000 per year and charge a $20,000 vacation on your card, your debt AT THAT TIME is excessive compared to your income.

So you're saying that each month you bring in about $1167. And of course after taxes your take home is going to be less. If your monthly credit card bill is around $600 then you are spending more than 50% of your monthly income on your credit card. I can't say for sure that is why you're being denied but I would put a bet on it that's the reason.

I have been denied as well. The answer to this is the bank that the card goes through is looking for low dept compared to income. So even tho we have a great score. Pay bills and loans on time, And no late payment...We and you would need to pay most of the cards and loans off so there the balance is low to be approved Total balance ( dept) to income. If you make 100,000 a year and you card and loans ( all that is financed) is 50,000 then you have a 50% debt and that is no good. Understand?

If you don't have a mortgage showing up on your credit report, banks may (and do) estimate what your reasonable living expenses should be based on the cost of living in your area. You may not have house or car payments, and you may not have to pay anything at all for rent or utilities if you're living with other relatives, but that's not something that shows up on any credit report. Of course now that you've falsified (by a pretty big margin I would guess), your chances of getting the card are probably pretty much nil at this point.

The Apple Card is not particularly 'special' when it comes to creditworthiness decisions made by issuing banks. It is 'special' in that it is GS's first real foray into consumer lending, but that's about it.

Do you regularly get offers for credit cards in the mail? Or indications that you are pre-approved to apply for a loan from the likes of lending tree or payoff.com? If so, that's a good indicator that you are not generally considered a good credit risk, regardless of your score. There's much more to getting approved for credit than just your score.

Just move on from it. There are plenty of other cards out there you might qualify for, including cards that offer higher cash back payouts.

tried waited 30 days tried again same thing unable to verify identification information i call them many time and the verify my info and tell me to apply again and than i get the too many times is a joke i gave up and applied for amex blue cash everyday and got approved instantly got a better rewards program and a good intro bonus with out any hassle im done with apple next time i upgrade my devices i wont be getting any more apple thats for sure

Everyone should always get the credit card that best suits their needs and should get the phone that best suits their needs. If the best phone is a non- Apple device then by all means get it.

Also remember that it’s not Apple approving or denying. It’s Goldman Sachs and this is their first time using a credit card.