Too many recent applications typically refers to the number of hard inquiries on your credit report during the last 6-24 (depends on the lender) months. Not the number of times you’ve applied for the Apple Card.
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Apple Card Rolling Out Today to Limited Number of Customers
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I've been wondering if this has been part of my problem. I'm in the low 700's with Experian, but each denial that I get says in the high 600's from TU, and one time one of the reasons was for not having enough of the mortgage paid off. Granted, I'm one of the ones that got the goofy "wrong Apple ID" email from Tuesday, so that's probably not helping either, lol.
Surely, GS isn’t looking at a mortgage as a large lump some of debt. Technically, it is, but the debt to income ratio is usually based on a monthly payment (as you noted above). If they look at it as a single lump sum, then I would think there would be a LOT more people getting declined simply because they have a mortgage.
I would not recommend that anyone sum all your debt from Transunion and add 51% to determine the amount to enter as your income (unless this is truly your income). Knowingly entering incorrect information (salary or otherwise) on a credit card application is considered fraud.
Everyone is being given until September 30th as of now. I signed up last week and still got a date of September 30th.
i applied this past monday morning and apparently the card will be delivered by this monday. so one week for me.
Applied Sunday. Card just delivered 5 minutes ago via UPS.
Probably just a timing accident this first month, as the others theorized?
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You don't get the reporting/tracking that Apple provides in iOS with the other cards - but on the other hand, you can't import the Apple Card data into Quicken or Mint, so unless 100% of your credit card use is the Apple Card and you don't mind not being able to fold it into your other financial records (investment, retirement, bank accounts, etc.) IMHO the benefits are lost.
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Good points. To me personally, they're not important, but they might be to a lot of people.
Re: the Watch analogy...yes, that's why I wear an Apple Watch. I am very strongly attracted by the way all of its functions integrate into various tracking and reporting apps, so much so that I would never consider another "smart watch." So although the Card isn't that appealing to me, I can see that others might have a very different view.
It does seem that Apple is having a few hiccups with the rollout, I received the invite Sunday and applied and was accepted within 3 minutes, ordered the physical card and it is showing that they would inform me when it shipped. Others that got a later invite already have theirs in hand, and I’m in Ca. if that matters.
What kind of box and size did it come in. Surely not the 2 sided cardboard shown in unboxing videos.
Same here, just delivered and thanks again for posting that applying started to work again on Sunday!
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Tiny cardboard cover and UPS envelope.
I'd like to move my due date to September 31st please. I figure this will slide since Apple is new to Credit Cards.
Same here, just delivered and thanks again for posting that applying started to work again on Sunday!
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Tiny cardboard cover and UPS envelope.
Same here. Very quick and painless activation.
Used my AC first time with Apple Pay on my Apple Watch at Target. Went fine. I bought 17.00 of non food items and 1.59 candy. Purchase showed as Food&Drink. Not seeing how that ratio helps me track types of purchases. And, as mentioned, surprised no Tap feature on physical card. Which I get tomorrow.
Interesting, I guess Apple has to fine-tune the purchase categories. As for the missing tap feature for the physical card, my best guess is that it would be harder to justify the 1 vs 2% cash back difference compared with using the phone. In other words, users would not really need an iPhone, which can't be in Apple's interest.
Got my physical card this morning, and had to use it right away. I picked up a nail in my tire and had to get it repaired. The tire shop does not take Apple Pay, but the Apple card worked flawlessly.
I later found out that I could not use it to pay my car insurance (Progressive Insurance). I tried both the digital and physical cards and neither was accepted. My old Master Card came to the rescue.
I later found out that I could not use it to pay my car insurance (Progressive Insurance). I tried both the digital and physical cards and neither was accepted. My old Master Card came to the rescue.
Have heard a few people saying they had same issue with the physical card. Know someone who works for them. Wonder what they will say.
After a year it longer affects your FICO but lenders could still use them as a factor in their risk model until they fall off after two years. How many still showing on your report, just that one?
Also, the TransUnion “reasons” are well known to be anywhere from somewhat ambiguous to completely wrong. For instance, it might be your average age of accounts or number of recent accounts (for some definition of recent). Or a glitch in the system that caused a denial, even though it should actually have been approved, had everything been working as it should.
Yeah...the one hard inquiry from January 2018 is the only thing on there.