Apple Card: Credit Limit Increase

Erehy Dobon

macrumors 6502a
Feb 16, 2018
528
371
Because you probably have too much open credit. Cards with not balance are not the only factor. If you have 5 cards with 20k on each you have 100K of open credit. That has an impact as well. In your situation, why do you need the Apple Card at all.
This is utter B.S.

I had well over $120K in consumer credit available to me before I applied for an Apple Card. My utilization is about 0.5% right now, a typical amount for me.

My current FICO score is 821.

When I applied for an Apple Card, GS gave me a pathetic $9K limit at 19% APR. Hell, I don't care about the interest rate but the $9K limit is a joke. I think I have 6-7 cards and all but one have a credit limit over $16K.

My Visa from Brand B has a $40K limit. It has been like that for 20 years. And for about 18 of those years, I rarely used the card.

The worst thing about the Apple Card isn't the rate or the credit limit. It's the appallingly poor customer service from Goldman Sachs. It's pretty damned clear that these guys are complete newbies to the consumer finance realm.

I don't give a crap about what cash back rewards rate I get from the Apple Card if I need to spend 15 minutes on the phone with GS to verbally recite my credit union's routing number and account number to pay off a $10 bill. I have never had to do that with American Express since I became a cardholder in the early Nineties.
 
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DVNIEL

macrumors 6502a
Oct 28, 2003
936
529
California
Your list of options is amusing, very amusing, in its complete lack of assigning any possible blame towards GS. I get it, there is no chance at all that GS' policies could in any way, shape, or form be incorrectly formualted.
With how volatile you’re getting with responses it’s obvious your credit is an extension of some other department you’re lacking in. These people are just listing possibilities but you shoot them down, are you just wanting to hear us praise how financially responsible you are?
 
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BigMcGuire

Contributor
Jan 10, 2012
4,855
5,912
California
So no go on the CLI .. they said because im not even using anywhere near the CL i have currently.
Interesting. Always wondered about this. It is their $ I guess so they can do with it what they will... however, like other posters here, I've got several CCs with more than 10k of a limit than my Apple Card.

Pretty happy with the instant rewards and ability to do everything from my phone quickly. Wife and I both have an Apple credit card and it is our primary card these days just for convenience.

Guess I won't be asking for an increase as I don't use more than 20% of my CL so far.