According to media reports, Apple recently launched its credit Card service, Apple Card,to consumers, and has sent out invitations to a small number of iPhone users to sign up for Apple Card before its wider launch. Apple’s goal is to get as many people as possible to use the Apple Card, and there are reports that people with credit scores of less than 600 have been approved, but some may still be rejected.
On August 15, Apple launched its Apple Card credit Card, which is already available in some countries and regions. Although some credit scores have been satisfied, some people are still rejected in the application process. In response, Apple updated its support documentation to specify why the application for Apple Card was rejected.
According to Apple, the problems faced by those who applied for Apple CARDS included low credit scores, frequent credit Card applications, high debt and low income, In addition, bankruptcy, bribery of property, closing of checking account by bank, overdue medical debts and other problems are also the reasons why the card cannot be issued.
Apple said some people would not be able to apply for Apple Card if they were rejected by Goldman Sachs. It is understood that when applying for Apple Card, Goldman Sachs, which works with Apple, will conduct a soft credit inquiry, which will not affect the user’s credit score. There is no need to conduct hard credit inquiry to reject the application of Apple Card, which will only be conducted when the customer actually receives the Apple Card.
Apple recommends that unsuccessful users check their credit reports to determine why their Apple Card was rejected. The Apple Card line is related to the income and minimum payment amount associated with existing debt. In addition, some users’ information is not verified, which is also a reason for rejection. Currently, Apple Card is only open to invited users to register, and Apple will expand the invitation range in the future.