Designed to support your financial health.

The world of credit — cards, scores, reports, applications, interest — is a complex one. That’s why when we created Apple Card, we took every opportunity to simplify and educate. So it’s clear how credit card processes work, how Apple Card uses your information, and how you can stay on top of it all.

A smarter card.
For smarter decisions.

Apple Card eliminates fees,1 provides innovative tools for managing your spending and reducing your interest, and as an Apple product, is designed to set a higher bar for privacy and security. All in the name of helping you and your Apple Card Family2 live a more financially healthy life.

Transactions appear in real time, so you always have your most up-to-date account activity at your fingertips. Your purchases, balance, payments, and interest are clearly and simply displayed for you in the Wallet app. In the case of Apple Card Family, Co‑Owners3 can both access and manage the account, and set limits4 and controls to manage spending by Participants.5 And Daily Cash can be automatically added to each card user’s Apple Cash card every day6 on their own purchases.

When you make a payment, you clearly see how much interest you could owe and how it would change based on the amount you pay. We also built in payment suggestions to help you decide what amount is right for you. If you’re using the Apple Card Family feature and have a Co‑Owner, both of you are responsible for and can make payments on the account. And if you ever need to contact us, just call or text — we’re available 24/7.

A closer look at our application process.

Goldman Sachs is the issuing bank for Apple Card. They process applications, assign credit limits, and set interest rates. And because they share our focus on financial health, they’re an ideal partner for Apple Card.

Understanding your FICO score.

300
660
850

When you apply for a credit card, your FICO score is typically a key factor used to show lenders how reliably you manage your credit. It combines data about your payment history, current debts, the length of your credit history, any new credit accounts, and the various types of credit you’ve used. There are multiple FICO Score versions available for lenders to use. Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.

A wider window for approval.

FICO scores may be the industry’s standard for credit decisions, but they don’t 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.

Good money habits lead to good credit.

You can do several things to boost your chances of approval:

When possible, pay at least (or more than) 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 — it’s 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 else’s account, and periodically using the accounts you already own and paying them on time.

A path to approval.

If your Apple Card application is declined, the process may not have to end there. As part of Apple’s commitment to helping you achieve good financial health, we’ve worked with our partner Goldman Sachs to design a program that delivers personalized steps to improve your access to credit. Every month, you’ll receive emails to help you track your progress. Once you meet the goals set for you in the program, you’ll be invited to reapply for Apple Card.7

Setting and adjusting your credit limit.

After Goldman Sachs approves your Apple Card application, they assign your initial credit limit using many of the same factors that go into the approval process, such as your credit score and existing credit. Goldman Sachs also looks at your income and the minimum payments tied to your existing debt. When you share your Apple Card with a Co‑Owner, our goal is for your combined credit limit to reflect what your credit limits would be individually, added together.8 If you’re interested in increasing your credit limit, you can make a request after you’ve had your Apple Card for as little as four months. Simply call or text, and we’ll connect you with an Apple Card Specialist at Goldman Sachs right away.

Your Credit Limit

Credit Score

Available Credit

Income

Payments History

Interest rates made easy.

Simply put, interest rates are the cost you pay for taking out a line of credit from an issuer. Your annual percentage rate, or APR, is assigned to your account when you’re approved.

To find your daily interest rate, your APR is divided by the number of days in the year. This daily interest rate is applied to your balance at the end of each day. These amounts are added up for the month, rounded to the nearest cent, and that’s your interest charge.

Ideally, you pay off your entire monthly balance on time each month and don’t have to pay any interest. But we know that’s not always possible. So we designed Apple Card to help you pay less interest over time. When you enter the amount you want to pay, the payment tools in the Wallet app estimate how much interest you’ll be charged, so you can make an informed decision. And if you share your card with a Co‑Owner, you can each pay off a portion of the balance each month.

We’ll never charge you a late fee if you miss a payment deadline, but you’re still responsible for the interest applied to your balance on the date that the payment was due, and you may accrue more interest.9

Healthy finances for the whole family.

Apple Card Family lets you share one Apple Card account with your family members — whether that’s your immediate family, extended family, or anyone you trust.

Owners of the account have the opportunity to add a Co‑Owner. Both have equal rights and access to a single monthly bill and can manage their Participants’ spending with limits and controls. Everyone on the account can use their Apple Card anywhere Mastercard is accepted. And unlike with other cards, everyone can automatically receive Daily Cash back on their own purchases.

Co‑Owners have equal rights.

Apple Card Family Co‑Owners share their credit lines for a combined limit. Co‑Owners build credit as equals,10 can manage the account together, and can set limits for Participants. A Co‑Owner must be in the same Family Sharing group.

Even Participants can build credit.

Owners or Co‑Owners can invite anyone age 13 and over in their Family Sharing group to join their Apple Card account as a Participant. Participants age 18 and over have the opportunity to build their own credit history.11

Setting limits teaches healthy spending.

Co‑Owners have the option of setting spending limits and managing controls for Participants to help them spend safely and learn smart money habits. Owners can even receive real-time spending notifications. Participants 18 and older can order their own physical card, and Owners or Co‑Owners can order them for Participants under age 18.

Get started
with Apple Card.

Apply in minutes to see if you are approved with no impact to your credit score.*