I don’t have any credit history but I wanted to build up credit with the Apple Card because it’s more convenient to me. I have a well enough income to help pay it off. Is it particle to still get approved without credit history.
It will depend on multiple factors and history is just one criteria. Applying for a lot of credit cards, loans etc. is a poor way to start a credit journey. When a potential lenders see all your attempts at getting credit, it makes you look desperate for credit in their eyes.
Goldman Sachs is the bank behind Apple Card. GS issues and services Apple Card accounts. They also determine your credit worthiness. Again, total income is just one factor. They will want to know what your rent is, how long you’ve lived there, what you do for employment, how long you’ve worked there, what you make and what if any debt you have. In the process of evaluating your credit, GS will >pull< your credit history and use TransUnion for your credit report. This is standard in the credit industry.
TransUnion will do a >soft pull< which does not affect your credit to find out if you are approved. I would apply for the card and see what you qualify for. If your application is declined, GS will tell you why you were declined and now you’ll have an instructions on a path forward for getting your credit journey started. Basically, no harm, no foul. But you’ll learn what you need to do or fix to get a credit card.
How to apply for Apple Card - Apple Support
How your Apple Card application is evaluated – Apple Support (AU)
It will depend on multiple factors and history is just one criteria. Applying for a lot of credit cards, loans etc. is a poor way to start a credit journey. When a potential lenders see all your attempts at getting credit, it makes you look desperate for credit in their eyes.
Goldman Sachs is the bank behind Apple Card. GS issues and services Apple Card accounts. They also determine your credit worthiness. Again, total income is just one factor. They will want to know what your rent is, how long you’ve lived there, what you do for employment, how long you’ve worked there, what you make and what if any debt you have. In the process of evaluating your credit, GS will >pull< your credit history and use TransUnion for your credit report. This is standard in the credit industry.
TransUnion will do a >soft pull< which does not affect your credit to find out if you are approved. I would apply for the card and see what you qualify for. If your application is declined, GS will tell you why you were declined and now you’ll have an instructions on a path forward for getting your credit journey started. Basically, no harm, no foul. But you’ll learn what you need to do or fix to get a credit card.
How to apply for Apple Card - Apple Support
How your Apple Card application is evaluated – Apple Support (AU)
I don’t have any credit history.
