Question: Is Apple credit card good for students?

Answer: A: Honestly as a student with minimal income you most likely will end up with their highest interest rate of 23.99%. Don’t get the Apple Card just because it’s Apple. You may want to look at getting a card through your local bank with a low credit limit and see if you can negotiate a better rate.

Does the Apple Card build credit?

If you use your Apple Card responsibly, it can help you build your credit over time. … As of this writing, the Apple Card reports credit activity to TransUnion and Equifax — two of the three major credit bureaus — and Apple may expand reporting to Experian in the future.

How can a college student get an Apple Card?

To get Apple Card, you must meet these requirements:

  1. Be 18 years or older, depending on where you live.
  2. Be a U.S. citizen or a lawful U.S. resident with a valid, physical U.S. address that is not a P.O. Box. …
  3. Own a compatible iPhone with the latest iOS version. …
  4. Use two-factor authentication with your Apple ID.

Does Apple Card automatically increase credit limit?

How to request a higher credit line with the Apple Card. Goldman Sachs doesn’t offer automatic credit limit increases like many other issuers do, but you can request an increase on your Apple device by chatting with an Apple Card customer service representative.

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Can you get an Apple Card at 18?

To get Apple Card, you must meet these requirements: Be 18 years or older, depending on where you live. Be a U.S. citizen or a lawful U.S. resident with a U.S. residential address that isn’t a P.O. Box. … If you have a freeze on your credit report, you need to temporarily lift the freeze before you apply for Apple Card.

Can you apply for Apple Card without a job?

Being unemployed doesn’t automatically disqualify you from getting a credit card. … They also look at your credit history, credit scores and existing debt. You can meet the income requirement even without a job by including on your application any income you have access to.

Is it easy to apply for Apple Card?

You can apply for Apple Card without impacting your credit score. If your application is approved and you accept your Apple Card offer, a hard inquiry is made.

What is the max limit on Apple Card?

There is no limit on the amount of Daily Cash that you can get, according to Apple.

Can I overpay my credit card to increase limit?

Overpaying will not increase your credit score more than paying in full. Negative balances show up on a credit report as $0 balances. Having a balance of zero is good for your credit score, but you won’t get an extra boost by overpaying. Overpaying will not raise your credit limit.

What is a good credit limit?

What Is a Good Amount of Available Credit?

Average Available Credit by Credit Score Range
Credit Score Range Available Credit
Fair (580-669) 49%
Good (670-739) 67.4%
Very Good (740-799 87.6%
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