Apple Details Why Some Apple Card Applicants Might Get Declined

Discussion in ' News Discussion' started by MacRumors, Aug 14, 2019 at 1:27 PM.

  1. MacRumors macrumors bot


    Apr 12, 2001

    Apple last week announced an Apple Card Preview period and has since been rolling out Apple Card availability to many iPhone users ahead of a wider launch.

    Apple aimed to make the Apple Card available to as many people as possible and there have been reports of people with credit scores in the 600s being approved, but there are still reasons why someone might get denied.


    In a new support document shared today, Apple outlines the various reasons why someone might be declined, including low credit score, frequent credit card applications, heavy debt and low income, tax liens, bankruptcy, property repossession, past due debt obligations, a recent checking account closure by a bank, past due medical debt, and more.

    Apple's support document has a detailed list of explanations for those who were declined, and when you apply for Apple Card, if you are declined by Goldman Sachs (Apple's partner) you'll get a reason why so you can cross reference it here for more information.


    The document also explains how credit scores are determined (debt payments, hard credit inquiries, debt level, credit age, open loans, and more), and it details how customers can get a free credit score copy and dispute errors with TransUnion if mistakenly declined for a card. Apple recommends customers check for common errors that can be included in a credit report if there's an issue.

    For customers who were declined because their identity could not be verified, Apple offers several recommendations such as verifying that application info is accurate and making sure ID scans (when requested) are clear and include an ID that's not expired and with a last name that matches the application.

    When requesting an Apple Card, Goldman Sachs does a soft credit check that does not impact your credit score. Being declined or declining Apple's offer will not require a hard inquiry, which is only done when you actually accept the Apple Card.

    Apple says that credit limit is determined by income and minimum payment amounts associated with existing debt, which is used to assess ability to pay.

    Right now, Apple Card is limited to customers who have received an invite from Apple, but Apple appears to be sending out quite a lot of invitations to those who have signed up to be notified about Apple Card on the Apple Card website. A wide release for Apple Card could come in the next few weeks.

    For more on how Apple Card works and what you can expect, make sure to check out our detailed Apple Card guide.

    Article Link: Apple Details Why Some Apple Card Applicants Might Get Declined
  2. farewelwilliams macrumors 68020

    Jun 18, 2014
    declined for potentially making an apple card bend test video
  3. Yr Blues macrumors 68020

    Jan 14, 2008
  4. Ant2369 macrumors regular


    Jul 20, 2011

    Id hardly call them approving people in the 600s the rich people
  5. BornAgainMac macrumors 603


    Feb 4, 2004
    Florida Resident
    I thought the people that have the money to purchase that gold Apple Watch or that $1,000 Mac Pro monitor stand would be accepted to have this card. I didn't think this was a card for your average person.
  6. justperry macrumors G3


    Aug 10, 2007
    In the core of a black hole.
    Define rich.

    I consider myself rich, I travelled the world, own a house, am in good health, can't afford a Porsche, good wage.
  7. now i see it macrumors 68040

    Jan 2, 2002
    and the credit card hoopla continues. Never in the history of credit cards has so much hand holding been spooned out
  8. input_expunged, Aug 14, 2019 at 1:51 PM
    Last edited: Aug 15, 2019 at 12:10 PM

    input_expunged macrumors newbie

    Oct 14, 2018
    This whole status symbol, rich people only get Apple Cards is just garbage. I have an iPhone 7 and $690 in the bank. I was approved. I am not rich.
  9. RevTEG macrumors 6502a


    Oct 28, 2012
    San Jose, Ca
    Wait, I know a few wealthy people that don’t have a great credit. They pay cash for everything and have no debt. Credit scores go down when you have no debt and no revolving payments. But I do agree with you that the Apple Card isn’t just for the rich. End of the day the rich don’t need an Apple Card.
  10. MacClueless macrumors regular

    Jun 21, 2006
    As I indicated in another thread, I was declined for a bunch of reasons that don't apply to me, then I was invited again the next day.

    There's of course no appeal process or way to report bugs so I'll just wait.
  11. MacClueless macrumors regular

    Jun 21, 2006
    Sounds like your confusing net worth and credit score. You can have a million in the bank and still have a poor credit history, and conversely you can have awesome credit and no money.
  12. AppleMad98004 macrumors 6502

    Aug 23, 2011
    Cylde Hill, WA
    Institutions don't let to poor people. Too much risk. If they do they are sharks like payday loaners that charge 35%+ interest so they can account for people that don't pay.
  13. Jefe's MacAir macrumors 6502

    Nov 21, 2010
    You don't need to be rich to obtain an A+ credit score. It also would behoove you to obtain an A+ credit score as it dictates how much you'll pay interest when borrowing money like a mortgage. It also can determine how much you pay for insurance, employers often check it, landlords always check it, etc. In the long run, you'll save thousands upon thousands just for maintaining a positive credit history.
  14. randyhudson macrumors regular

    Oct 28, 2007
    East Coast
    So, all the same reasons as every other credit card. Very insightful. Great article!
  15. Sootan macrumors newbie


    Sep 16, 2018
    I applied, was approved, have used it, and expect my physical card tomorrow via UPS.

    As to all the negativity surrounding this...IF you have an issue with using credit, DON'T get it. Pay the balance monthly and guess what? NO interest. It's so simple it's brilliant. It ISN"T just for "rich people". I have a 701 FICO and was approved with an $8.500 line and 17.99% interest which is irrelevant because I don't carry balances. So I'm not rich and don't have a stellar FICO. Further, there are myriad reports of people with FICO scores of less than 660 getting approved, so give up that line of argument. It just isn't true.

    Lastly, this is a BRILLIANT move by Apple because it forces users to setup Apple Pay which requires them to have an iDevice and KEEP an iDevice to be able to manage the account. Very smart in the context of business practice.

    Before you flame me, please note that I didn't say I like the practice, just that it's smart on Apple's part. At some point Apple's going to need to make some of these services cross-platform compliant if only because the market demands it. And hopefully sooner than later.
  16. Westside guy macrumors 603

    Westside guy

    Oct 15, 2003
    The soggy side of the Pacific NW
    For people who don't want to read the whole story, here's an executive summary.

    Reasons your application for an Apple Card may get rejected:
    • You're not cool enough
    • You look like a dork
    • You're too old (note: may overlap with the previous two reasons)
    • You made fun of Tim Cook once on MacRumors
  17. kumar714 macrumors newbie

    Jun 9, 2013
    Orange County
    initially i thought i wouldn't qualify too, given i have BK and low score but they approved me for $8,000
  18. MacClueless macrumors regular

    Jun 21, 2006
    I think they should change that part. Requiring the device to apply, OK, but if you lose or sell your phone you should still be able to manage your account.
  19. DCJ001 macrumors 6502a


    Dec 12, 2007
    People with a lot of money who do not pay their bills on time.
  20. jehrler macrumors regular

    Jun 23, 2003
    Any idea what credit agency they look to for the hard check? After the Eqifiasco I locked all my reports at the big three but will want to open up the one GS/Apple are using for a one time use when I apply.
  21. DCJ001 macrumors 6502a


    Dec 12, 2007
    Or you can use the Apple card to buy a $2000 iMac, get $60 cash back, and save more than $8000 ( when compared to buying the Mac Pro with the stand)!
  22. kildjean macrumors 6502


    Apr 16, 2005
    Useless, TX
    Guilty as charged.
  23. ssl0408 macrumors 65816

    Sep 22, 2013
    New York
    They are using Transunion for the credit inquiries.
  24. ashfps macrumors newbie

    Oct 24, 2017
  25. newyorksole macrumors 68040

    Apr 2, 2008
    New York.
    Can’t wait to see how features/benefits of Apple Card improve over time. Loving mine so far.

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