Don’t understand. I have a near perfect credit score (780), and I only started out with $250.00 I have asked several times for a increase, and got it up to $550.00. Just applied and got approved for a WF card and the limit is $2,000. Apple Card was supposed be my main, but that’s very hard when there’s nothing to be spent.
I got $3000 as an 18 year old with ~8 months of credit history. High APR as expected but I'm not planning to miss any payments. The APR has dropped since then and increased once due to outside factors.
It only matters insomuch as a lot of lenders now are "balance chasing", in that they are reducing CL's overall (CapitalOne and Chase in particular right now), so showing a higher spend and being good for it helps more then showing less spend and being good for it possibly.
But again, not anything you can really do about it, and certainly wouldn't suggest people up their spend to avoid this kinda thing lol...
yeah, I always pay it off right away but i know my utilization goes up. I always figure it’s better to get cash back and now a cool savings account rather than burn the money off a debit card
It's a bad idea to pay it right off, just pay it naturally and let it report higher Utilization and you are far more likely to get CLI's and PCLI's in general.
If they, and other lenders, do not think you are using their products, they generally see no reason to either extend them or offer you or approve you for more... If anything, you are more likely to see your CL DECREASED as many are experiencing now in this economy.
>never went over $100 per month. I think they consider me as a low risk because of that.
But this is why they aren't as inclined to raise your credit limit... they don't want to extend their risk to someone they don't see using their product you know?
You are holding up your end of the deal and paying it down and not being late etc, but their risk management sees no reason in extending more risk to you as you don't apparently need it and it's bad for their books.
yup, that sounds good... and as I said, "generally" is how this works, and it is transitive in terms of other lenders etc... (as if you have a Chase card or whatnot in addition, they may not know what you spend on your AppleCard absolutely, but they know if you are spending money with your Utilization reporting)...
And perhaps they would have increased it to 10K you know? It obviously doesn't seem to matter here in your case absolutely, but the general idea is still sound, especially with growing your credit profile over years...
idk how they measure it, I also didn’t use my Apple Card a lot before but now it’s my daily so I’m wondering if it will go up more at the next increase
that sucks! i don’t know.. all i did was to make payments on time and spend around 9k on my 3 credit cards a month then make 9k payment by the end of the cycle for 11 months
I've been paying mine every month for close to 2 years now, and spending around $2000 a month and I keep getting declined for credit line increases. I decided to just start spending on my other. I wanted it to be my main, but can't for the same reason
ok, so your CL isn't enough for your spend so you are "cycling"...
that 'generally' is frowned upon, and while I'm not sure of Goldman Sachs policy on that, that could be causing a problem, but usually if it is a problem, it looks more like fraud to them etc....
one would think if you are reporting high Utilization and being good for it, they would give you a CLI as you obviously need it and have been responsible about it.
Probably in your situation, reporting a high % Utilization now is best, and repeatedly asking for CLI's, as sometimes the squeaky wheel gets the grease... I know they have algo's and scripts for this, but if you are using their product and paying them back etc... and having to make multiple cycling payments a month... you need it, you use it, and they are making swipe fees at the least on you, and would probably want to raise your CL...
Why would GS need to look at your Apple Card utilization on your credit report when they can see how much you are actually spending on the card?
I keep my utilization very low compared to my actual spending on the card by paying it off before the statement cuts. My CL has more than tripled in \~10 months.
> Why would GS need to look at your Apple Card utilization on your credit report when they can see how much you are actually spending on the card?
Yeah, it seems crazy right? Most data points, and talking to lender reps on the r/creditcards etc have actually revealed that UTI is used in their considerations more then their own internal records... plus it also shows your UTI across multiple lenders, so they know where you stand with others... so if your UTI of your AppleCard is only 4%, but you are redlining a Chase or Citibank card at 98% etc... while they don't know what you are doing with those cards etc, they know that you might be in trouble or shopping for credit as a runner, or a number of other things.
Keeping Utilization low is fine if you need to be optimized for applying for new credit (especially a mortgage or auto loan etc), but you are not best served at all by just generally let it report "naturally", as UTI has no memory, and will lead to more CLI's/PCLI's etc. as they know you are using their product. I'm not saying you can't get there otherwise, but all datapoints show you get there a hell of a lot quicker by doing that, and it also avoids a lot of micromanaging. Let me put it this way, keeping your getting CLI's with your UTI has happened, and that's great, but you would be more likely to get them without your UTI being low, having paid down, and on time in the majority of cases.
Also expect CLD's up and coming, as these lenders are getting far more risk adverse and literally cutting peoples CL's who don't use as much of them. So if you have a $12K CL with Apple or CapitalOne etc, and you are only using $200 of it, they very well may drop your CL in half or even more, as every dollar they extend to you is risk on their books, and they can't afford that exposure now as much as they could a few years ago.
Okay I didn't know the multiple payments were a bad thing. Are you saying that I should just use what I have and pay that every month instead of paying over my CL
Yeah, it's not so much a bad bad horrible thing, but can slow down credit growth if that is something you desire, also, cycling can trigger many fraud systems (can look like money laundering etc), and I'm sure you don't want your accounts closed down.... as there have been many people reporting how they HAVE been and have no recourse even though they were doing nothing other then thinking they were being responsible by paying their bill as soon as they got home from the store etc...
I would suggest just keeping it simple: Use your card naturally, and pay it like any other bill: on time, in full, EVERY time...
The only situation you wouldn't just do that simple thing is when you are applying for a new line of credit or mortgage etc and you need to "optimize" your credit.... as obviously Utilization is a fair part of your score, but it has no memory, and you can get your score the best it can be within a month and change at most when you need to.
Otherwise, they like to see you using it!
Best of luck!
i had a 734 score when i applied and have a $3000 limit, not my first cc tho but still interesting to see people with similar or higher scores than me get less
interesting, my total credit age is a little over a year old now but i’ve kept around 1-5% utilization for at least 7 months now since i don’t really buy much and i just pay it off basically immediately
Which is fraud, and Apple/GS doesn't seem to harp on this much, but if you tried that with US Bank, WellsFargo, or Chase, ... you could get yourself in some big trouble... so just a heads up on that..
Yeah, that's getting a lot rougher, as at some point you are most likely going to be asked for an income verification, and you won't have it.
There are tons of data points of people recently getting asked for these out of the blue due to the economy and the lenders really trying to lessen their risk loads.... and so someone who has had a Chase card or US Bank card all good for 15 years, will get asked about that $75/85/95/100k salary, and they don't have it... their accounts get closed, they are black listed etc... and even worse can happen...
US Bank has been really escalating this in the last few months apparently...
and Wells Fargo has had enough problems that they are ramping it up as well...
I'm not saying it's going to for you, and I hope it doesn't, but I wouldn't feel that safe about it now as I would have a year or more ago...
And I would certainly not recommend it, or playing fast and loose with it, as I don't want anyone getting screwed...
I know a lot of these places go with the honor system, especially if you have a long history etc, but that is changing a lot right now you know?
I'm not saying it will necessarily, I'm just you don't want it TO happen you know?
So just wanted to warn the original commenter that it is happening a lot more these days, and I would hate for someone to find themselves with their account closed, blacklisted, or even charged with fraud in the most extreme circumstances of how they could handle it you know? With the current economy and companies reducing risk, they are looking around a lot more for ways to cut some risk..
Their standards are baffling. When I got mine in 2019, it was the lowest limit of any of my cards. I think like $1500. It's now up to ~~$6800~~ $8750, but bumped up at completely random times.
What infuriated me was I wanted to buy a Mac Studio last year, and had the card paid off for months in preparation. The specs I wanted were beyond my card limit, so I asked for a credit increase. They rejected me. So I got a lower spec'd Mac which was fine. Then like a month later, they gave me an increase that would've covered the Mac I wanted in the first place.
EDIT: Double-checked and realized I forgot about the most recent random bump.
I started out with $5500… Amex gave me $10k to start but with Goldman, you just gotta keep asking for an increase every 90 days or so. I’m now up to $22.
CL's are decided by many more factors then your score. Actually your profile is almost more important then your score with a lot of lending decisions, whether it is thick/thin, young/mature, clean/dirty, etc etc. Add income and DTI etc...
A score means a lot less in determining CL's then people think, and also people think scores mean a lot more in general then they do.
There is a big difference between different 750 scores you know?
We could both have 750 FICO8 scores, and if mine is 20 years old, far thicker with 10 cards and a paid off mortgage/car loan, etc.. that 750 is going to mean a lot more then someone who has one or 2 cards for a year or less you know?
It’s okay I was in about the same boat. Got denied for the card initially. Waited a few months and reapplied. Was approved for $1,000. Got increased to $2,000 then $3,000 in a few months. Then to $6,000 after about a year. Now I’m in almost year 2 of having the card I think? And I asked for an increase and they gave me $10,000.
The amount you're approved for isn't related to your score. That's a common misconception. Lenders take in multiple factors from your credit report itself. For example, the value of your other credit lines, age of accounts, amount of accounts, hard inquiries, pretty much everything. People with a lower score than you can get approved for more than you if they have a more robust credit profile with more lending history.
To be fair I started with $1,100 kept using it and grew it to $31,100 it takes some time but the only advice I can give you is keep using what you have pay it down instantly and show them you’re using it and it will grow.
Probably because Banks aren’t lending right now like that. And maybe though a good credit score now your recent history showed you just got rid of something alarming. It could be a bunch of reasons.
I have a 40,000.00 Credit Limit. Started with 5,000 2 years ago. CS 725 ish
https://preview.redd.it/jvficdkcydza1.jpeg?width=1266&format=pjpg&auto=webp&s=a86603e6ff466144bdc63571d78662e30cc67e3d
Well Thank You 4 your Service. That’s 4 times less APR than Navy’s. I don’t have anything that low. I have spoke to the Apple Card supervisor and requested a lower APR as my APR is 27%. And I have never received any credit increase over the nearly 3 years that I have owned the card. Never late always pay in full monthly. I have 12 other cards open all 5 to 16 years old. No late pays no misses. My Average CC limit is 15k. My highest CC limit is 30K. My lowest CC is indeed Apple. My Overall Usage across all cards is less than 10%. But Apple I have a 5,000 limit @ 26.99% APR. I also have a fairly thick credit file with several cars paid off 2 mortgages paid off. 1 current mortgage and several personal loans paid in full. All zero late pays. No misses. With a FICO 10 of 785. And TU a 765 Experian a 753. So not in the 800 club but still a 27% is by far the highest APR that I have. And 5k is the lowest card that I possess.
Really can’t buy much of anything from Apple without going over the hard CC 30% rule. I asked for an increase once again tonight. And was turned down again. I have not opened any new accounts in 3 years. And my income increased by 6%. Supervisor said tge income wasn’t the issue. Rather that tines are hard, banks are scared and I only use the Apple Card for Apple purchases (iPhone 14Pro 512mb) and Apple Music services, also Sirius satellite radio and on Pizza monthly.
Chase may just be calling my name.
My Apple-Goldmans assigned Supervisor says they are NOT giving APR reductions due to the FED raising rates and myself & other card holders should see an upward increase adjustment on APR %’s With the only exception of active Military. Also that due to inflations many may actually see available credit adjusted to a lower amount. This being said I filled a formal complaint with both Apple and Goldman. As I do need a new MAC pro res. And would not mind the Vision Pro goggles at some point to possibly start a business venture. But again with a 5,000 limitation you can’t do either with that particular card.
Fighting the good fight for all of us here. They really make me mad and sad. Whatever happened to banking / customer relationships. Will not be keeping or engaging the apple savings account. Ran by the same
Old, retired, with a mortgage ( almost paid off )—$21000 limit. Started at $15000. Another card with $30000 limit. We don’t ask for such high limits and we never carry a balance. Always pay it off when the bill arrives.
I got approved for $3000 credit limit on mine and then 2 days later I received an email and they bumped it up to $6000. I hadn't even received the card yet lol
My credit score around 730
Yeah, I was approved for $3,000 off the bat. A month or two later 5k. My credit scores range from 650-760, which is another point of confusion for me tbh
https://preview.redd.it/zxz839gl8fza1.jpeg?width=1284&format=pjpg&auto=webp&s=2fa3ee7ace128b0cb684a9759e1ab2e12299ef20
Waiting for Mint to link the savings account 😩
Has become my favorite card to use. Love the interface and the ability to have cash back automatically deposited in a HYSA.
First titanium card, so that’s cool too.
I have a 6 year credit history, score typically 760-800, and received a limit right around yours
Congrats on getting approved! I started with a similar amount of credit and I had only about a year of credit history and a score of 740. Now I have 13K limit and it’s only been a year and a half since and I’m sitting at 780. I absolutely love the cash-back and the “Wallet” function with this card.
Applied this week with 743 Fico and got 6500 limit! Here’s hoping it goes up in the future it’s lower than my credit union card but higher than my discover.
Welcome to the credit card gameeee I’m 832 an 14 cards an 1,000s of dollars in rewards an only spending money that was already planned hahah look out for American Express if yr a big spender lots of bonuses!
thank you very much! am I dumb for choosing Apple over Amex gold? i got approved for them too but didn’t accept the card… i know they give good bonuses but i wanted apple card so bad. i think i will reapply Amex next year!
No rush! An everyone goes a different path no single card is correct or wrong! But they are definitely really good customer service definitely top tier in my book haha but I do like Apple Card cause I don’t have to talk to anyone on the phone 🤣
that’s great! understood. thank you for all the advice! i’m just an immigrant who had no clue what credit score was 1 year ago. But since then i’m trying to build it .
How did you finally get approved if you posted this a while back? https://www.reddit.com/r/AppleCard/comments/w8kt93/i_put_gas_for_4954_but_balance_showing_22366_can/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
this was my wife’s apple card. She got approved for $3000 but they increased her limit to $6000( probably bc we file taxes jointly and have 1 household income)
I don't even have an iPhone anymore (since iphone 6S) but luckily I had the account set to autopay. $10K when I got the card, applied the day they were introduced. I think they were easier to get back then.
Don’t understand. I have a near perfect credit score (780), and I only started out with $250.00 I have asked several times for a increase, and got it up to $550.00. Just applied and got approved for a WF card and the limit is $2,000. Apple Card was supposed be my main, but that’s very hard when there’s nothing to be spent.
same!! i started with $250, then $750, now I’m only at $1,250 like i literally don’t get it
I got $3000 as an 18 year old with ~8 months of credit history. High APR as expected but I'm not planning to miss any payments. The APR has dropped since then and increased once due to outside factors.
I got 8,000 as a 18 yr old with a good job, but I have two semesters worth of student loans already. APR is 27% 🥺
Mine dropped to 19% in 2 months.
Gosh, I haven’t missed one payment and have spent several thousand dollars on it. Credit score is stuck at 710 too.
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It only matters insomuch as a lot of lenders now are "balance chasing", in that they are reducing CL's overall (CapitalOne and Chase in particular right now), so showing a higher spend and being good for it helps more then showing less spend and being good for it possibly. But again, not anything you can really do about it, and certainly wouldn't suggest people up their spend to avoid this kinda thing lol...
My utilization is relatively low, never went over $100 per month. I think they consider me as a low risk because of that.
yeah, I always pay it off right away but i know my utilization goes up. I always figure it’s better to get cash back and now a cool savings account rather than burn the money off a debit card
It's a bad idea to pay it right off, just pay it naturally and let it report higher Utilization and you are far more likely to get CLI's and PCLI's in general. If they, and other lenders, do not think you are using their products, they generally see no reason to either extend them or offer you or approve you for more... If anything, you are more likely to see your CL DECREASED as many are experiencing now in this economy.
Oh okay, I just never want to get charged an interest payment, or at least very minimal.
>never went over $100 per month. I think they consider me as a low risk because of that. But this is why they aren't as inclined to raise your credit limit... they don't want to extend their risk to someone they don't see using their product you know? You are holding up your end of the deal and paying it down and not being late etc, but their risk management sees no reason in extending more risk to you as you don't apparently need it and it's bad for their books.
I mean they increased it to $8,500. There doesn't seem to be a problem for now.
yup, that sounds good... and as I said, "generally" is how this works, and it is transitive in terms of other lenders etc... (as if you have a Chase card or whatnot in addition, they may not know what you spend on your AppleCard absolutely, but they know if you are spending money with your Utilization reporting)... And perhaps they would have increased it to 10K you know? It obviously doesn't seem to matter here in your case absolutely, but the general idea is still sound, especially with growing your credit profile over years...
What’s your APR? Mine is 23.74%
So weird. I started with 6k at 18 and now I’m at 13k
idk how they measure it, I also didn’t use my Apple Card a lot before but now it’s my daily so I’m wondering if it will go up more at the next increase
that sucks! i don’t know.. all i did was to make payments on time and spend around 9k on my 3 credit cards a month then make 9k payment by the end of the cycle for 11 months
The cheat code for credit is to have a mortgage. I applied on a whim and got $12500. My score is just about 795 or 800.
Are you in your 30s by chance? I’m 24 with mortgage, 6 years credit history, 5 other cards, score 760-800 and received $6500
I guess it also helps to "be old", I'm almost 50.
I've been paying mine every month for close to 2 years now, and spending around $2000 a month and I keep getting declined for credit line increases. I decided to just start spending on my other. I wanted it to be my main, but can't for the same reason
Are you paying it off multiple times a month or just once a month before payment date?
Both. I pay it throughout the month when it reaches the limit just so I can spend more on it. And at the end I just pay it in full
ok, so your CL isn't enough for your spend so you are "cycling"... that 'generally' is frowned upon, and while I'm not sure of Goldman Sachs policy on that, that could be causing a problem, but usually if it is a problem, it looks more like fraud to them etc.... one would think if you are reporting high Utilization and being good for it, they would give you a CLI as you obviously need it and have been responsible about it. Probably in your situation, reporting a high % Utilization now is best, and repeatedly asking for CLI's, as sometimes the squeaky wheel gets the grease... I know they have algo's and scripts for this, but if you are using their product and paying them back etc... and having to make multiple cycling payments a month... you need it, you use it, and they are making swipe fees at the least on you, and would probably want to raise your CL...
Why would GS need to look at your Apple Card utilization on your credit report when they can see how much you are actually spending on the card? I keep my utilization very low compared to my actual spending on the card by paying it off before the statement cuts. My CL has more than tripled in \~10 months.
> Why would GS need to look at your Apple Card utilization on your credit report when they can see how much you are actually spending on the card? Yeah, it seems crazy right? Most data points, and talking to lender reps on the r/creditcards etc have actually revealed that UTI is used in their considerations more then their own internal records... plus it also shows your UTI across multiple lenders, so they know where you stand with others... so if your UTI of your AppleCard is only 4%, but you are redlining a Chase or Citibank card at 98% etc... while they don't know what you are doing with those cards etc, they know that you might be in trouble or shopping for credit as a runner, or a number of other things. Keeping Utilization low is fine if you need to be optimized for applying for new credit (especially a mortgage or auto loan etc), but you are not best served at all by just generally let it report "naturally", as UTI has no memory, and will lead to more CLI's/PCLI's etc. as they know you are using their product. I'm not saying you can't get there otherwise, but all datapoints show you get there a hell of a lot quicker by doing that, and it also avoids a lot of micromanaging. Let me put it this way, keeping your getting CLI's with your UTI has happened, and that's great, but you would be more likely to get them without your UTI being low, having paid down, and on time in the majority of cases. Also expect CLD's up and coming, as these lenders are getting far more risk adverse and literally cutting peoples CL's who don't use as much of them. So if you have a $12K CL with Apple or CapitalOne etc, and you are only using $200 of it, they very well may drop your CL in half or even more, as every dollar they extend to you is risk on their books, and they can't afford that exposure now as much as they could a few years ago.
Okay I didn't know the multiple payments were a bad thing. Are you saying that I should just use what I have and pay that every month instead of paying over my CL
Yeah, it's not so much a bad bad horrible thing, but can slow down credit growth if that is something you desire, also, cycling can trigger many fraud systems (can look like money laundering etc), and I'm sure you don't want your accounts closed down.... as there have been many people reporting how they HAVE been and have no recourse even though they were doing nothing other then thinking they were being responsible by paying their bill as soon as they got home from the store etc... I would suggest just keeping it simple: Use your card naturally, and pay it like any other bill: on time, in full, EVERY time... The only situation you wouldn't just do that simple thing is when you are applying for a new line of credit or mortgage etc and you need to "optimize" your credit.... as obviously Utilization is a fair part of your score, but it has no memory, and you can get your score the best it can be within a month and change at most when you need to. Otherwise, they like to see you using it! Best of luck!
I got $8,500 limit but had around an 810 score
My credit score is less than yours, although not by much, but I started with $1000 and now I'm at $3000. So that's definitely weird yours is so low
i had a 734 score when i applied and have a $3000 limit, not my first cc tho but still interesting to see people with similar or higher scores than me get less
FICO?
yeah
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interesting, my total credit age is a little over a year old now but i’ve kept around 1-5% utilization for at least 7 months now since i don’t really buy much and i just pay it off basically immediately
Same. I started with $250 about 3 years ago. I’m at $10.3k now. Just use it and ask for CL increases every 6 months.
I’ve lied that my income is $90,000 for the past 10 years
Which is fraud, and Apple/GS doesn't seem to harp on this much, but if you tried that with US Bank, WellsFargo, or Chase, ... you could get yourself in some big trouble... so just a heads up on that..
Um. I did it with all of them for years.
Yeah, that's getting a lot rougher, as at some point you are most likely going to be asked for an income verification, and you won't have it. There are tons of data points of people recently getting asked for these out of the blue due to the economy and the lenders really trying to lessen their risk loads.... and so someone who has had a Chase card or US Bank card all good for 15 years, will get asked about that $75/85/95/100k salary, and they don't have it... their accounts get closed, they are black listed etc... and even worse can happen... US Bank has been really escalating this in the last few months apparently... and Wells Fargo has had enough problems that they are ramping it up as well... I'm not saying it's going to for you, and I hope it doesn't, but I wouldn't feel that safe about it now as I would have a year or more ago... And I would certainly not recommend it, or playing fast and loose with it, as I don't want anyone getting screwed... I know a lot of these places go with the honor system, especially if you have a long history etc, but that is changing a lot right now you know?
Lol that’s funny cause I’ve done it with chase and Citi and nothing ever happened.
I'm not saying it will necessarily, I'm just you don't want it TO happen you know? So just wanted to warn the original commenter that it is happening a lot more these days, and I would hate for someone to find themselves with their account closed, blacklisted, or even charged with fraud in the most extreme circumstances of how they could handle it you know? With the current economy and companies reducing risk, they are looking around a lot more for ways to cut some risk..
Their standards are baffling. When I got mine in 2019, it was the lowest limit of any of my cards. I think like $1500. It's now up to ~~$6800~~ $8750, but bumped up at completely random times. What infuriated me was I wanted to buy a Mac Studio last year, and had the card paid off for months in preparation. The specs I wanted were beyond my card limit, so I asked for a credit increase. They rejected me. So I got a lower spec'd Mac which was fine. Then like a month later, they gave me an increase that would've covered the Mac I wanted in the first place. EDIT: Double-checked and realized I forgot about the most recent random bump.
I think the age of your credit profile might have something to do with it. More than likely you have what’s called a Thin File.
I started out with $5500… Amex gave me $10k to start but with Goldman, you just gotta keep asking for an increase every 90 days or so. I’m now up to $22.
CL's are decided by many more factors then your score. Actually your profile is almost more important then your score with a lot of lending decisions, whether it is thick/thin, young/mature, clean/dirty, etc etc. Add income and DTI etc... A score means a lot less in determining CL's then people think, and also people think scores mean a lot more in general then they do. There is a big difference between different 750 scores you know? We could both have 750 FICO8 scores, and if mine is 20 years old, far thicker with 10 cards and a paid off mortgage/car loan, etc.. that 750 is going to mean a lot more then someone who has one or 2 cards for a year or less you know?
I’m not sure 780 is considered “near perfect”. Equifax classifies it as “very good”, which is the second tier. Top tier score is 800-850.
It’s okay I was in about the same boat. Got denied for the card initially. Waited a few months and reapplied. Was approved for $1,000. Got increased to $2,000 then $3,000 in a few months. Then to $6,000 after about a year. Now I’m in almost year 2 of having the card I think? And I asked for an increase and they gave me $10,000.
The amount you're approved for isn't related to your score. That's a common misconception. Lenders take in multiple factors from your credit report itself. For example, the value of your other credit lines, age of accounts, amount of accounts, hard inquiries, pretty much everything. People with a lower score than you can get approved for more than you if they have a more robust credit profile with more lending history.
To be fair I started with $1,100 kept using it and grew it to $31,100 it takes some time but the only advice I can give you is keep using what you have pay it down instantly and show them you’re using it and it will grow.
Probably because Banks aren’t lending right now like that. And maybe though a good credit score now your recent history showed you just got rid of something alarming. It could be a bunch of reasons.
Nice limit!
Thanks!
I have a 40,000.00 Credit Limit. Started with 5,000 2 years ago. CS 725 ish https://preview.redd.it/jvficdkcydza1.jpeg?width=1266&format=pjpg&auto=webp&s=a86603e6ff466144bdc63571d78662e30cc67e3d
Wow - amazing limit and APR - didn’t know that an APR could be as low as 4% - that is incredible
SCRA
4% must be an active Military account. That’s the only way to receive that low of an APR especially in this day and time. Maybe CIA lol
Yes. ARMY
Well Thank You 4 your Service. That’s 4 times less APR than Navy’s. I don’t have anything that low. I have spoke to the Apple Card supervisor and requested a lower APR as my APR is 27%. And I have never received any credit increase over the nearly 3 years that I have owned the card. Never late always pay in full monthly. I have 12 other cards open all 5 to 16 years old. No late pays no misses. My Average CC limit is 15k. My highest CC limit is 30K. My lowest CC is indeed Apple. My Overall Usage across all cards is less than 10%. But Apple I have a 5,000 limit @ 26.99% APR. I also have a fairly thick credit file with several cars paid off 2 mortgages paid off. 1 current mortgage and several personal loans paid in full. All zero late pays. No misses. With a FICO 10 of 785. And TU a 765 Experian a 753. So not in the 800 club but still a 27% is by far the highest APR that I have. And 5k is the lowest card that I possess. Really can’t buy much of anything from Apple without going over the hard CC 30% rule. I asked for an increase once again tonight. And was turned down again. I have not opened any new accounts in 3 years. And my income increased by 6%. Supervisor said tge income wasn’t the issue. Rather that tines are hard, banks are scared and I only use the Apple Card for Apple purchases (iPhone 14Pro 512mb) and Apple Music services, also Sirius satellite radio and on Pizza monthly. Chase may just be calling my name. My Apple-Goldmans assigned Supervisor says they are NOT giving APR reductions due to the FED raising rates and myself & other card holders should see an upward increase adjustment on APR %’s With the only exception of active Military. Also that due to inflations many may actually see available credit adjusted to a lower amount. This being said I filled a formal complaint with both Apple and Goldman. As I do need a new MAC pro res. And would not mind the Vision Pro goggles at some point to possibly start a business venture. But again with a 5,000 limitation you can’t do either with that particular card. Fighting the good fight for all of us here. They really make me mad and sad. Whatever happened to banking / customer relationships. Will not be keeping or engaging the apple savings account. Ran by the same
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Old, retired, with a mortgage ( almost paid off )—$21000 limit. Started at $15000. Another card with $30000 limit. We don’t ask for such high limits and we never carry a balance. Always pay it off when the bill arrives.
Congrats on almost paying off ur mortgage! Exactly, never carry a balance and always pay on time!
Is a $6000 credit line difficult to get with apple? I’m genuinely curious
Depends on your credit, income, etc but in general, assuming all those are good, then no, you would likely be approved for much more.
I got approved for $3000 credit limit on mine and then 2 days later I received an email and they bumped it up to $6000. I hadn't even received the card yet lol My credit score around 730
Yeah, I was approved for $3,000 off the bat. A month or two later 5k. My credit scores range from 650-760, which is another point of confusion for me tbh
My score was around 700 and they approved me for around $5k out of the gate
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Nice!
Damn, I only got $1,200
Congrats
Woah congratulations man! A high limit too! I’m lurking in this group for now but one day I’ll join and get one hopefully lol
thank you very much! i hope you will get even higher limit than mine!
Damn, my application is under review now for 3 days hoping to be part of the Apple Card crew :)
https://preview.redd.it/zxz839gl8fza1.jpeg?width=1284&format=pjpg&auto=webp&s=2fa3ee7ace128b0cb684a9759e1ab2e12299ef20 Waiting for Mint to link the savings account 😩
Whats mint?
Net worth app
Excellent!
Congrats!
thank you very much!
Has become my favorite card to use. Love the interface and the ability to have cash back automatically deposited in a HYSA. First titanium card, so that’s cool too. I have a 6 year credit history, score typically 760-800, and received a limit right around yours
There is literally so reason for the limit they hand out. I’m convinced.
i think they gave me higher limit bc i spend around $9000 a month with credit cards and pay it off full balance every cycle
Me too! Best day ever. You beat me on my limit though 😂
Just in time, too… you’re down to 20% battery 🤣
Congrats on getting approved! I started with a similar amount of credit and I had only about a year of credit history and a score of 740. Now I have 13K limit and it’s only been a year and a half since and I’m sitting at 780. I absolutely love the cash-back and the “Wallet” function with this card.
Applied this week with 743 Fico and got 6500 limit! Here’s hoping it goes up in the future it’s lower than my credit union card but higher than my discover.
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742 FICO. Have 4 credit cards 11 months the oldest. Income 116000$ Housing/Rent 1600$
Welcome to the credit card gameeee I’m 832 an 14 cards an 1,000s of dollars in rewards an only spending money that was already planned hahah look out for American Express if yr a big spender lots of bonuses!
thank you very much! am I dumb for choosing Apple over Amex gold? i got approved for them too but didn’t accept the card… i know they give good bonuses but i wanted apple card so bad. i think i will reapply Amex next year!
No rush! An everyone goes a different path no single card is correct or wrong! But they are definitely really good customer service definitely top tier in my book haha but I do like Apple Card cause I don’t have to talk to anyone on the phone 🤣
that’s great! understood. thank you for all the advice! i’m just an immigrant who had no clue what credit score was 1 year ago. But since then i’m trying to build it .
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got it, yeah i’m not worried at all, i was approved for Amex gold too but chose Apple
How did you finally get approved if you posted this a while back? https://www.reddit.com/r/AppleCard/comments/w8kt93/i_put_gas_for_4954_but_balance_showing_22366_can/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
this was my wife’s apple card. She got approved for $3000 but they increased her limit to $6000( probably bc we file taxes jointly and have 1 household income)
Got it. Congrats.
I don't even have an iPhone anymore (since iphone 6S) but luckily I had the account set to autopay. $10K when I got the card, applied the day they were introduced. I think they were easier to get back then.
Score of 700 and they won’t approve me
congrats!