Apple’s Apple Card Preview period is in full swing, with many iPhone users being selected to apply for the new iPhone-based credit card ahead of its wider launch later this month.
While Apple and card partner Goldman Sachs are looking to make the card as widely available to as many users as possible, reports indicate people with credit scores in the 600s are being approved, some applicants will be turned down.
A new Apple support document, posted today, explains the various reasons why an applicant might be denied. Reasons can include a low credit score, frequent credit card applications, heavy debt and low income, tax liens, bankruptcy, and many more.
The support document linked above contains a full list of the reasons applicants can be denied, and if you are declined, you’ll receive an email telling you why and you can use that with the support document for more information.
The document also includes information as to how credit scores are determined, and how customers can get a free credit score copy and dispute errors with TransUnion if mistakenly declined for a card.
When you request an Apple Card, Goldman Sachs does a soft credit check that doesn’t impact your credit score. A hard enquiry is only done when you actually accept the card.