Will taking out an auto loan affect my path to Apple Card

Question

Level 1

5 points

Will taking out an auto loan affect my path to Apple Card

I plan on purchasing a new vehicle with an 11,500 USD loan from my bank. I also have one more month to go on my Apple Card. Will this loan affect my ability to get an Apple credit card in that time frame?

Posted on Mar 25, 2024 2:52 PM

Reply

Answer 1

Jeff Donald

Level 8

44,772 points

Mar 25, 2024 4:12 PM in response to landenf19

Yes, most definitely. The increase in total debt to total income will jump up and you’ll present too a risk for a new credit card account. You need to wait at least 6 months, maybe up to 12 months before applying for additional credit card accounts.

Reply

Will taking out an auto loan affect my path to Apple Card

Similar questions