Is it hard to get an Apple Card? This question has been on the minds of many potential cardholders since the launch of Apple’s credit card in 2019. The Apple Card, known for its sleek design and user-friendly features, has generated a lot of buzz in the financial industry. However, the process of obtaining this card may not be as straightforward as one might think.
Firstly, it’s important to note that the Apple Card is only available to residents of the United States. This means that if you live outside the country, you won’t be able to apply for the card. For those who are eligible, the application process is done entirely through the Apple Wallet app on your iPhone. While this is a convenient method, it can also be a bit daunting for first-time users.
One of the reasons why some people may find it challenging to get an Apple Card is the strict credit requirements. Apple has set a high bar for approval, as the card is designed for individuals with excellent credit scores. If your credit score is below the threshold, you may not be able to get approved for the Apple Card. Additionally, the card issuer, Goldman Sachs, conducts a hard credit check during the application process, which can temporarily lower your credit score.
Another factor that can make it difficult to get an Apple Card is the limited number of spending categories where you can earn 3% cash back. The card offers this high rate on purchases made at Apple stores, Apple.com, and at gas stations and restaurants. However, if you don’t spend a significant amount of money in these categories, you might not find the card as rewarding as you had hoped.
On the positive side, the Apple Card has several features that make it a desirable option for many consumers. For instance, the card comes with no annual fee, no late fees, and no international transaction fees. It also offers real-time spending notifications and detailed spending breakdowns, which can help you stay on top of your finances. Moreover, the card is backed by Goldman Sachs, a reputable financial institution, ensuring that your funds are secure.
In conclusion, while it may not be impossible to get an Apple Card, the process can be challenging for some individuals. The strict credit requirements, limited spending categories, and the fact that the card is only available in the United States can make it difficult for some potential cardholders. However, if you meet the criteria and find the card’s features appealing, the Apple Card can be a great addition to your wallet.
