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SummaryRequesting a credit limit increase with the Apple Card is incredibly simple and could help you boost your score or finance a new device. Just be sure you have a good grasp of where your credit stands and why you want a higher limit. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. Whether you were an early adopter of the Apple Card or only signed on recently, you may be wondering if it’s time you got a higher credit limit. A higher limit on your Apple Card could not only help you lower your credit utilization and potentially boost your credit score, but it could also give you more buying power. That last point will hold special appeal if one of the main reasons you applied for the Apple Card was to take advantage of its no-interest financing on Apple products. Though Goldman Sachs, the card’s issuer, does not offer cardholders a concrete checklist of credit limit increase requirements, there are some basic steps you can take to give yourself better odds of approval. Plus, you can complete the entire process in just a few steps via your Apple device. See related: Guide to the Apple Card Requesting a higher credit limit with the Apple Card: Things to know
Eligibility requirementsAs is the case with most issuers, Goldman Sachs does not list any specific requirements for getting a credit limit increase on the Apple Card. However, Apple’s help pages note that Goldman Sachs evaluates credit limit increase requests using much of the same criteria it uses in making Apple Card approval decisions and setting your initial credit limit. You’re more likely to qualify for an Apple Card credit line increase if:
All of these factors will impact not only whether your request is approved but also how large a credit limit increase you receive. Before you request a credit limit increaseBeing patient, keeping balances low and maintaining positive payment history with your Apple Card should give you a much better chance of having your credit limit increase request approved. But before you submit your request, make sure you know where your credit stands and what you’re hoping to achieve with a higher credit limit. Do you want to boost your credit score? If so, remember that a higher limit alone won’t help your score if you increase your card balances to match. Want to use the card to finance a new iPhone? Your credit score may take a hit if you use up too much of your newly available credit and maintain a high credit utilization ratio. Additionally, be sure to check your credit score and report before you submit your request, so that you have a clear idea of where you stand. Any recent negative items that appear on your report could hurt your chances of getting a higher credit line. The same holds true if you’ve taken on any new debt obligations – like housing or car payments – since you applied for the card. Assuming your income hasn’t changed, new debt will increase your debt-to-income ratio and could give Goldman Sachs the impression that you won’t have enough disposable income left to cover your card payments after paying your existing debt obligations. Finally, have a clear idea of how much of a credit limit increase you’re hoping to get. While you may want to double or triple your credit limit (and issuers are sometimes generous in this way), it’s more likely that you’ll receive a modest increase. You should be safe asking for a 10% or 20% increase, but whatever number you have in mind, be prepared to explain why you need the extra credit and how your credit profile helps your case. Tip: You can see your current Apple Card credit limit via the Wallet app by tapping the “More Options” icon and scrolling to the “Credit Details” section. Process for requesting a credit limit increaseGoldman Sachs does not offer automatic credit line increases on the Apple Card or any specific guidance on the best time to try – it’s up to you to submit your request when you feel ready. Luckily, though, the process is simple, and you can request a credit line increase in a few taps with your Apple device by chatting with an Apple Card Specialist. Here’s how to request a credit limit increase with the Apple Card, step-by-step:
Tip: User reports vary as to whether requesting a credit limit increase with Goldman Sachs results in a hard pull of your credit report, so you may want to ask your representative before you submit your request. What to do if your request is deniedAs you can see, requesting a credit limit increase on your Apple Card is as easy as asking – but there’s no guarantee you’ll be approved or that you’ll be given as large an increase as you’d hoped. If your request is denied, don’t despair. You can try again in a few months, after you’ve worked on your credit score, increased your income or simply have a bit more Apple Card history for Goldman Sachs to draw upon. Consider these next steps if your credit limit increase request is declined:
Pros and cons of a higher credit limitRequesting a higher credit limit is generally a smart idea, as a higher limit will give you more room to breathe and additional purchasing power. But depending on your personal financial situation, it may not be the best way forward. Consider these pros and cons if you’re still trying to decide. Pros
Cons
Final thoughtsRequesting a credit limit increase on your Apple Card is exceedingly simple and could allow you to finance your dream device without paying interest. If you’ve been a cardholder for six months or more and have used your card responsibly, it’s definitely a next step worth considering. That said, it’s not necessarily your best or only option. Before you make your request, be sure your credit is in order and you have a clear idea of why you want a higher limit. Having concrete goals will help you keep your financial life on track and continue to prove your creditworthiness. Tweet Share Share Editorial Disclaimer The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners. Nouri Zarrugh is a staff editor at CreditCards.com and Bankrate, focusing on credit card reviews, product news and recommendations. Also a fiction writer, he won the Keene Prize for Literature and holds an MFA in creative writing from the Michener Center for Writers at the University of Texas at Austin. Essential reads, Stay up-to-date on the latest credit card news 一 from product reviews to credit advice 一 with our newsletter in your inbox twice a week. How often does Apple Card increase limit?In addition to these basic credit and income requirements, Goldman Sachs also reviews your Apple Card activity. As a result, it can take at least six months after you open an account (and sometimes longer) for the issuer to gather enough information and consider raising your limit.
Does Apple Card give credit limit increases?To request an Apple Card credit limit increase, you can chat with an Apple Card Specialist at Goldman Sachs.
What is the max credit limit on Apple Card?The Apple Card has no yearly fees, no fees for transactions, and no fees for penalties. It does have credit limits. The limits are determined by the cardholder's credit score, credit age, and income at the time of application. Cardholders have reported credit limits as low as $50 and as high as $15,000.
How do I get a higher Apple Card limit?Tap Apple Card, then tap the Info tab. Tap the Message button . Type a message requesting a credit limit increase, then tap the Send button.
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