Costco Anywhere Visa Card By Citi
The Costco Anywhere Visa has no annual fee, although you are required to have a Costco membership, which costs $60 or $120 depending on what level of membership you get. But if you already have a Costco membership, this isn’t really an added cost.
It earns bonus cash back on the following purchases:
- 4% back on eligible gas and EV charging purchases for the first $7,000 per year
- 3% back at restaurants
Learn more about eligible payments and how Experian Boost works.
Getting approved for a credit card can sometimes feel more like an art than a science. No single factor determines your eligibility your income, debt, credit score and even your track record with the bank can all impact whether you’re approved. Don’t be surprised if you qualify for this card even if your credit score falls below the typical range. By the same token, you could be denied with a credit score higher than 800.
Find the best credit card for you by reviewing offers in our or get personalized offers via CardMatch.
Buying With Apple Card Gives You All These Great Benefits Too
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Unlimited Daily Cash back with every purchase, including 3% at Apple and 2% when you use Apple Card with Apple Pay.
No fees. Not even hidden ones.
The privacy and security you expect from iPhone.
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An Apple-designed titanium card that can be used anywhere Mastercard is accepted.
See if youre approved without impacting your credit score.
Already have Apple Card? Theres no additional application needed. Just choose Apple Card Monthly Installments when you check out.
Apple Card Approval Odds / Credit Score Needed
Your chances of approval for the Apple Card will obviously be higher if your credit score is higher. Based on approved scores weve seen:
- A credit score of 700 or over gives you a very high chance of approval, probably 75%-80% of applicants with a score above 700 will be approved. If you have at least a year of credit history, your chances should be even better.
- If youre between a 650 and 700 credit score, your odds of approval are still better than 50-50 wed say you have about a 60-65% chance of approval. Again, your chances will be better if you have at least a year of clean credit history.
- If your score is 600 to 650, your approval odds definitely go down, but it is not hopeless. Based on information on this Apple Card page, 600 seems likely to be the lowest credit score that might be approved for the Apple Card. However, your odds of approval at a 600 credit score are probably still 25% at best, and then your chances go up a little bit with every point above that.
Note that your credit score is not the only factor in determining your odds of being approved for the Apple Card credit card. Factors such as income, the number of recent new card accounts opened, credit card utilization ratio , and other measures could be looked at more closely in deciding on your application.
Note also that Apple usually pulls your FICO credit score from the credit bureau Transunion. So, if you are checking your score before applying, that would be the most important score to see.
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Coowners Are Equal Partners
Its easy to add your partner, spouse, or other adult from your Family Sharing group as a CoOwner even if they dont have their own Apple Card yet.
Apple Card Family allows two partners to merge credit lines7 to form a single co-owned account, manage that account together, and build credit as equals.
Both CoOwners can view and manage the account, see each members activity, and set limits on Participants spending.8
Apple Card* Vs Blue Cash Preferred Card From American Express
Even if you dont mind using Apple Pay, the Blue Cash Preferred® Card from American Express may be a more rewarding fit if you spend a good chunk of your budget on U.S. supermarkets, gas stations and transit. It carries a $0 intro annual fee for the first year, then $95 annual fee. In return, the card offers 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases , 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and on transit and 1% cash back on other eligible purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
Theres also a welcome offer: $250 statement credit after making $3,000 in purchases within the first 6 months.
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Youre Our First Priorityevery Time
We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.
You Live In Or Travel To Cities With Widespread Apple Pay Acceptance
Apple claimed in announcing the Apple Card that 70% of U.S. retailers accept Apple Pay. Certainly, as of this writing, several major merchants do accept it , including Target, McDonald’s, CVS and Best Buy. It’s also worth noting that the Apple Card has no foreign transaction fees, and Mastercards are widely accepted around the world, so in general it will make a decent travel buddy.
» MORE:NerdWallet’s best credit cards for digital wallets
Read Also: What’s Your Credit Score If You Have No Credit
How Do I Find Out My Credit Score
There are a number of ways you can find out your credit score , and a lot of them are free. For a long time, people were only able to check their credit score once per year for free and would have to pay a fee each additional time. That has since changed, and there is now a multitude of services that allow you to track and check your credit score as many times as you would like without paying anything. A few of these services, like , provide your credit score for free as well as a host of other things like free tax returns, unclaimed money, and help with disputes on your credit. A lot of credit cards have started to provide free credit scores to their cardholders as well, so check with your card providers to see if it is an included benefit with your card.
Your Card Your Data Your Business
Apple Card lets you pay forless per month when you trade
We want to make it easier to pay down yourbalance,not harder. So Apple Card doesnâthave any fees. And our goal with Apple Cardis to provide interestrates that are among thelowest in the industry.
Unlike other credit cards, Apple Card estimates how much interest youâll owe, and suggests an amount to help you pay off your balance faster.
Get a percentage of your purchases back in Daily Cash. Not a month from now. Every day. Thereâs no limit to how much you can get.
Get a percentage of your purchases back in Daily Cash. Not a month from now. Every day. Thereâs no limit to how much you can get.
Get a percentage of your purchases back in Daily Cash. Not a month from now. Every day. Thereâs no limit to how much you can get.
Save on everything you buy from Apple and at select merchants when you use Apple Card with Apple Pay*
Save on everything you buy from Apple Apple Card with Apple Pay*
Save on everything you buy from Apple and at select merchants when you use Apple Card with Apple Pay*
Apple Card with Apple Pay
Apple Pay isnât accepted
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If You’re Part Of An Apple Card Family Account
Only account owners and co-owners of a shared Apple Card account can request a credit limit increase.2
1. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch.
2. Each co-owner is jointly and individually responsible for all balances on the co-owned Apple Card including amounts due on the existing co-owners account before the accounts are merged. Each co-owner will be reported to credit bureaus as an owner on the account. In addition, co-owners will have full visibility into all account activity and each co-owner is responsible for the other co-owners instructions or requests. Credit reporting includes positive and negative payment history, credit utilization, and additional information. Card usage and payment history may impact each co-owner’s credit score differently because each individual’s credit history will include information that is unique to them. Addition of a new co-owner is subject to credit approval and general eligibility requirements. Learn more about Apple Card eligibility requirements. Either co-owner can close the account at any time which may negatively impact your credit and you will still be responsible for paying all balances on the account. Learn more about account sharing options, including some of the risks and benefits.
Should You Get The Apple Card What To Know Before You Bite
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.
NerdWallet rating: 4.5 out of 5
When Apple announced in 2019 that it was launching a new Apple-branded credit card, some fans may have hoped it would reinvent how we pay for things. But the product’s features make it the credit card equivalent of a Red Delicious: relatively ubiquitous and somewhat bland.
Still, despite a crowded market of cash-back cards, consumers may be able to find room in their digital wallets for another one that will earn rewards, especially on pricey Apple purchases.
As with all Apple product announcements , the important question to ask is: Is this product right for you? Here’s what to know about the Apple Card.
The Apple Card is issued by Goldman Sachs and is different from the credit card formerly known as the Barclaycard Visa with Apple Rewards, which stopped accepting applications in late 2020.
» MORE: Apple Card Q& A: How it works and what to expect
Read Also: How To Raise Credit Score 100 Points
The Simplicity Of Applein A Credit Card
With Apple Card, we completely reinvented the credit card. Your information lives on your iPhone, beautifully laid out and easy to understand. We eliminated fees1 and built tools to help you pay less interest, and you can apply in minutes to see if you are approved with no impact to your credit score.2 Advanced technologies like Face ID, Touch ID, and Apple Pay give you an enhanced level of privacy and security. And with every purchase you get Daily Cash back. Apple Card. Its everything a credit card should be.
Buying An Iphone Is Easier With Apple
Compare carrier offers and choose the one thats best for you we even make it simple to switch carriers or plans.
Trade in your current smartphone to lower your monthly payments.
Activate your new iPhone on the carrier of your choice. Keep your number and rate plan or even choose a new one and save yourself a trip to the carrier store.
Also Check: Quickest Way To Boost Credit Score
Accept The Offered Terms
If your application is approved, you have 30 days to accept the offer. If you do so, a hard inquiry will be performed on your credit and your credit scores may be affected. Once you accept, you get instant access to the card in Apple Wallet. You can request a physical card and, if you want to share your account by adding a co-owner or authorized user, you can set up Apple Card Family.
How To Increase Your Chances Of Getting Approved For Apple Financing
Getting approved for Apple Financing requires a little planning. When applying for new credit, its essential to know your credit scores and whats on your credit reports.
Apple Financial Services wants to see a strong credit history, steady income, and low credit utilization. If youre using too much of your existing revolving credit, its a sign that you may not pay them back. Youll also want to make sure you havent applied for too much credit in the recent past. Having too many credit inquiries can lessen your chances of getting approved.
Also Check: Whats The Average Credit Score
What Credit Score You Need To Get An Apple Card
Anyone over 18 can apply from the wallet app on their iPhone.
Goldman Sachs, the bank behind the Apple Card, uses information from the credit bureaus to evaluate each application, including your credit score and your credit report, which shows your current debt obligations. It also considers the income you report on your application.
You could be denied if you’ve had a recent bankruptcy or are falling behind on your debt obligations or if your loan payments account for more than 50% of your total income, according to the company.
A credit score below 600 could also prevent you from being approved, the company said. However, that’s well below the national average, which currently stands at 716. In fact, nearly half of Americans have a credit score of 750 or higher a rating lenders consider very good. Anything below 600 is considered fair to poor.
Because the Apple Card is so widely available to most, it’s “a good starter option,” said Ted Rossman, senior industry analyst at CreditCards.com, especially for someone who is new to credit.
If your Apple Card application was declined, there is even a Path to Apple Card program that includes steps to improve your financial picture and reapply.
Generally, the best way to increase your credit score comes down to paying your bills on time and reducing your credit card balance, Rossman said. The common advice is to keep revolving debt below 30% of your available credit to limit the impact of rising debt on your credit score.
Youd Like To Finance A Large Purchase Outside Of The Apple Brand
While the card does feature interest-free financing options for multiple Apple-branded devices and accessories, theres no introductory APR offer on other kinds of purchases. The ongoing APR is 13.24%-24.24%, Variable .
This is not an ideal card if you need to carry a balance. A card with a lengthy 0% intro APR offer on all purchases would be a better option.
» MORE: Apple Card: What’s helpful and what’s hype?
Recommended Reading: Rv Loan With 620 Credit Score
Coowners Have Equal Rights
Apple Card Family CoOwners share their credit lines for a combined limit. CoOwners build credit as equals,10 can manage the account together, and can set limits for Participants. A CoOwner must be in the same Family Sharing group, and if they dont already have their own Apple Card, theyll need to apply for one.
A Wider Window For Approval
FICO scores may be the industrys standard for credit decisions, but they dont always tell the whole story of your financial fitness. To get a better picture of your creditworthiness, Goldman Sachs draws from a wide variety of data, including:
TransUnion bureau data, which gives a record of your credit performance on past and current debt obligations.
Where applicable, your available payment history with utilities such as telecom, gas, and electricity.
The annual income you report on your Apple Card application.
The disposable income left after your monthly debt obligations.
Your history of paying down debts based on your past credit activities.
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Good Money Habits Lead To Good Credit
You can do several things to boost your chances of approval:
When possible, pay at least the minimum amounts due on your debt payments.
Ensure that you have disposable income left over after your monthly debt obligations.
Avoid submitting applications to multiple credit issuers within a short time span.
Check your credit report its free to do once a year as it is the source material for your FICO Score 9. If something looks inaccurate, contact the creditor associated with your account and/or dispute the item with your credit bureaus.
The length of your credit history is an important aspect of your credit score and getting new credit. You can build credit by opening an account in your name, being an authorized user on someone elses account, and periodically using the accounts you already own and paying them on time.
Why You Might Want The Apple Card
The $0-annual-fee Apple Card earns 3% cash back on Apple purchases, as well as at select merchants and through select apps, and 2% back on everything else but only if you make your purchases via Apple Pay on your iPhone. If you use the physical version of the card, which is an option at retailers that dont accept Apple Pay, youll earn only 1% cash back.
It’s unclear what kind of credit scores you’ll need to qualify for the Apple Card, but assuming you are creditworthy, you might benefit from this card. Here’s how.
» MORE: How to apply for the Apple Card in 3 steps
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