Apple credit card

EduardoS83

macrumors newbie
Original poster
Aug 5, 2007
1
0
Okay, I have a couple of quesitons about apple right now. I have been reading the forums for a while and now i think jsut few things left to discuss. I was wondering if anyone knew what the minimum credit score is for the apple credit card?
 

GoCubsGo

macrumors Nehalem
Feb 19, 2005
35,753
142
This will vary, however, Barclay's Bank (which is the issuing lender) will most likely cut off anything under 550. 550 is a low score as is, but I believe most high interest cards will lend to just about anyone with a job and a score of at least 550. You can always try though.
 

technicolor

macrumors 68000
Dec 21, 2005
1,651
0
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The minimum score for the Apple iTunes card issued through Juniper, a division of Barclays, is around 620. They typically always pull Transunion in 99% of the states (different banks pull different bureaus depending on where you live). Your approval rate does increase if you apply in store versus at home online. They are very fickle though and usually approve for very low amounts around this 620 border(less than 2K, I have seen many get 250-500 dollars which is virtually unusable unless you want an ipod ) unless you have great credit, and by great I mean the following:

High score
low amount of inquires within the last 12 months
low amount of new accounts added within the last 6 months
no or very few really old charge offs or collections


They are a very conservative bank.

If you are approved in store you can use the funds immediately on an Apple purchase, and they will send you a nice Black card in the mail.

HTH
 

GoCubsGo

macrumors Nehalem
Feb 19, 2005
35,753
142
I beg to differ about the 620 score. I don't personally have a Barclays card or the iTunes Juniper card as I pay cash for my items, but I can tell you I know one person who applied at home with a 554 MID FICO and is sitting on a brand new MBP as of last week. Take it for what it's worth really, but I'd have to venture to guess that means they'll approve down to 550 at least.
 

technicolor

macrumors 68000
Dec 21, 2005
1,651
0
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I beg to differ about the 620 score. I don't personally have a Barclays card or the iTunes Juniper card as I pay cash for my items, but I can tell you I know one person who applied at home with a 554 MID FICO and is sitting on a brand new MBP as of last week. Take it for what it's worth really, but I'd have to venture to guess that means they'll approve down to 550 at least.
There are no absolutes, so it could be possible. But I know for sure that is abnormal. A lot of things also vary on reports as well as HHI so what I speak about is general guidelines. You will not find a slew of ppl with a 550 getting a card, and like i said its not just any fico they normally pull Transunion. I also know that Barclays is extremely fickle and has been shutting down people's cards and decreasing credit limits rapidly and randomly as of late.
 

hexonxonx

macrumors 601
Jul 4, 2007
4,610
1
Denver Colorado
There are no absolutes, so it could be possible. But I know for sure that is abnormal. A lot of things also vary on reports as well as HHI so what I speak about is general guidelines. You will not find a slew of ppl with a 550 getting a card, and like i said its not just any fico they normally pull Transunion. I also know that Barclays is extremely fickle and has been shutting down people's cards and decreasing credit limits rapidly and randomly as of late.
Those people must be making late payments on those accounts then. Two years ago, I applied for the Apple credit card, back then it was through Direct Merchants. I got the card and still have it, it now has a 0 balance. Last year I applied for another Apple card and got approved for that one, this card being the white Juniper card through Barclays. I have also paid off this card several times. Of course I have never been late on paying any cards that I have and they have all been paid off many times.
 

Raska

macrumors 6502
Aug 5, 2007
335
0
NJ
I got the Apple Credit Card last year when I bought my Mini. I don't know if they still have it, but I got it with no interest for 6 months which was nice, even though I paid it off in full. I have really good credit, I forget the number, but the interest rate on the card is VERY high. So unless you pay your balance off every month, I would keep an eye out.
 

looking4anotebo

macrumors 6502
Jul 9, 2007
297
30
You also may want to research Juniper a bit. I have heard their customer service is absolutely awful, and also several stories of erroneous fees.
 

Raska

macrumors 6502
Aug 5, 2007
335
0
NJ
I've heard the same thing, luckily I never had to deal with them. Never will either, since I don't use that card anymore.
 

technicolor

macrumors 68000
Dec 21, 2005
1,651
0
><><><><
Those people must be making late payments on those accounts then. Two years ago, I applied for the Apple credit card, back then it was through Direct Merchants. I got the card and still have it, it now has a 0 balance. Last year I applied for another Apple card and got approved for that one, this card being the white Juniper card through Barclays. I have also paid off this card several times. Of course I have never been late on paying any cards that I have and they have all been paid off many times.
Umm no they arent. Thats how Barclays operates.
 

daisu

macrumors member
Jun 6, 2007
72
0
Flushing, Queens
I don't work, I'm a full time student. I dont file taxes, have never had debt, and have a pretty good credit score.

They opened up a 3k credit line for me so that I can get my laptop. Only 3 months 0% financing. :(
 

CalBoy

macrumors 604
May 21, 2007
7,830
36
I don't work, I'm a full time student. I dont file taxes, have never had debt, and have a pretty good credit score.

They opened up a 3k credit line for me so that I can get my laptop. Only 3 months 0% financing. :(
You're looking to finance debt when you have no income and still need to finish school? Get a job, pay off all your credit cards, and that way you'll have good credit when it comes time to buy something really big (like a house!!!!!). Working part time and going to school is not hard, and it gives you income on the side. Plus, paying off your balance, or most of it, will help your credit score in the long run. Don't be attracted by 0% financing; that's how they get you to fall for the eventual 18-22% financing;)
 

daisu

macrumors member
Jun 6, 2007
72
0
Flushing, Queens
You're looking to finance debt when you have no income and still need to finish school? Get a job, pay off all your credit cards, and that way you'll have good credit when it comes time to buy something really big (like a house!!!!!). Working part time and going to school is not hard, and it gives you income on the side. Plus, paying off your balance, or most of it, will help your credit score in the long run. Don't be attracted by 0% financing; that's how they get you to fall for the eventual 18-22% financing;)

I appreciate the advice Calboy, but it's really not needed.

I could've put the purchase on my main credit card and gotten the cash back for it but I wanted to space the purchase out a little so I wasn't paying the bulk of it all at once. I have the money to cover it outright but with school starting up again and other things needing to be paid I wanted some time with the laptop.

I already have good credit (hence getting the credit card while having no job and going to school). Once this laptop is over, though, I'll be cutting up the Juniper card and canceling the account (the itunes rewards bonus is bupkis)

Going to school full time is a job in itself... working a part time job wouldn't be condusive to keeping a 3.9GPA.

I like the 0% financing because it gives me time. The reason I griped about the 3months 0% is that cards like Discover's More Card gives a 12 month 0% financing.

Still, great advice Cal... Oh, and the laptop is for school and is something I've been building up to by doing well in school (promised if I had a first good semester I'd get one and I'm getting into my forth).
 

NewtypeCJ

macrumors 6502
Feb 27, 2005
396
8
Decatur, GA
Does Juniper do the 0% financing on all Apple Store purchases or just the first one you make? (I can't find any info to that effect on the account page.) I've had an Apple Card for a little over two years but I may be making some purchases later today and it'd be nice to have the 0% for 3 months.
 

CalBoy

macrumors 604
May 21, 2007
7,830
36
I appreciate the advice Calboy, but it's really not needed.

I could've put the purchase on my main credit card and gotten the cash back for it but I wanted to space the purchase out a little so I wasn't paying the bulk of it all at once. I have the money to cover it outright but with school starting up again and other things needing to be paid I wanted some time with the laptop.

I already have good credit (hence getting the credit card while having no job and going to school). Once this laptop is over, though, I'll be cutting up the Juniper card and canceling the account (the itunes rewards bonus is bupkis)

Going to school full time is a job in itself... working a part time job wouldn't be condusive to keeping a 3.9GPA.

I like the 0% financing because it gives me time. The reason I griped about the 3months 0% is that cards like Discover's More Card gives a 12 month 0% financing.

Still, great advice Cal... Oh, and the laptop is for school and is something I've been building up to by doing well in school (promised if I had a first good semester I'd get one and I'm getting into my forth).
Well, I'm glad you're in control of your finances:); most people in our age group are not (hence the reason why we're targeted by credit card companies).

Personally, I'm so paranoid about credit card debt, that I pay the balance in full every month. This frees me up to look for cards with real rewards (unlike the Juniper card). Just something to consider for when you graduate and have a little more cash available.

PS: I took 17 units and worked 20 hours per week. Not recommended, but doable. My GPA as of now is a 3.92:D (mind you, as I move into upper division, I think I'm going to cut back to just 4 or 5 hours per week of work. Nothing heavy, just tutoring on the side). Good luck with your ambitions and finances!
 

chaoticbear

macrumors 6502
Jul 25, 2007
265
1
Man, where is all this income coming from if you're only working 4 or 5 hours a week? I could only barely pay rent with that, let alone utilities or food!
 

synth3tik

macrumors 68040
Oct 11, 2006
3,955
2
Minneapolis, MN
Apple Credit Card = interest =/+ your yearly salary.

Do not do it. Credit is bad, most people can not control their credit. I would just stop before you get in a rut.
 

CalBoy

macrumors 604
May 21, 2007
7,830
36
Are they looking for more children?

--chaoticbear, who has had a job since 9th grade, and is finishing up paying his way through his senior year of college.
Haha, no (and only because of my loser sister). They will pay for my education, but all other things (like computers, clothes, etc) are paid for by me. Thus, with my savings and a few hours of work per week, I should be able to coast without much trouble. Are you headed for a Master's program? Professional school? If so, I feel for you, because your loans are going to be the amount of an average mortgage!

Seriously though, the OP should stay away from Apple's credit card; there are better ones out there.
 

Stevie_nottm

macrumors newbie
Dec 31, 2004
5
0
Credit is not bad. Stop spreading lies on something you dont understand.
No, I think they're quite probably right

Credit is bad....take a look at the national debt! What chances have we mere mortals got when the entire country itself is in the doo-doo...over financed, over spent, over mortgaged, under educated...

Spend what you have, not what you can get.
 

chaoticbear

macrumors 6502
Jul 25, 2007
265
1
Haha, no (and only because of my loser sister). They will pay for my education, but all other things (like computers, clothes, etc) are paid for by me. Thus, with my savings and a few hours of work per week, I should be able to coast without much trouble. Are you headed for a Master's program? Professional school? If so, I feel for you, because your loans are going to be the amount of an average mortgage!

Seriously though, the OP should stay away from Apple's credit card; there are better ones out there.
Yup, pharmacy school. But the way I look at it, paying them off should be easy since starting pay is almost 6 figures.
 

CalBoy

macrumors 604
May 21, 2007
7,830
36
No, I think they're quite probably right

Credit is bad....take a look at the national debt! What chances have we mere mortals got when the entire country itself is in the doo-doo...over financed, over spent, over mortgaged, under educated...

Spend what you have, not what you can get.
Credit is not bad if you know how to use it responsibly. I pay off my statement every month, so for me, a credit card represents convenience and the opportunity to get rewards back. How do you plan on people buying houses without credit? Almost no one would be able to buy a house without a mortgage.

National debt is very different from personal debt. A small national debt is actually a good thing, as it allows most citizens to recieve more services from the government than they pay for. Mind you, that hasn't happend for about six and a half years:rolleyes: Our current debt is being used wrongly, but that doesn't mean that individuals should be worried about how it will affect their finances.

Don't make general statements about credit if you haven't considered all of the effects.

Yup, pharmacy school. But the way I look at it, paying them off should be easy since starting pay is almost 6 figures.
Ahh, you should be fine. In the end, education is usually worth it:) Take note Stevie_nottm that he's using credit to finance an education so that he can help himself and others in the future.