Does Apple affect credit score?

Does an Apple Card Application Affect Your Credit Score?

Applying for an Apple Card can have an impact on your credit score, but not in the way you might think.

Pre-Approval Inquiries: No Impact

When you apply for an Apple Card, the company performs a “soft inquiry” on your credit report. This type of inquiry does not impact your credit score. Soft inquiries are typically used to pre-approve you for credit, and they are not reported to credit bureaus.

Acceptance Inquiries: Potential Impact

However, if you are approved for the Apple Card and choose to accept it, the company will then perform a “hard inquiry” on your credit report. This type of inquiry is reported to credit bureaus and can lower your score slightly.

The impact of a hard inquiry is generally small, around 5-10 points. It is also important to note that the effect of a hard inquiry is temporary and will gradually disappear from your credit report over time (typically within 12-24 months).

Responsible Use: Positive Impact

Once you have accepted the Apple Card, the way you use it can have a positive impact on your credit score. Making timely payments, keeping your credit utilization low, and avoiding unnecessary inquiries will help build your credit over time.

In Summary:

• Pre-approval inquiries for the Apple Card do not affect your credit score.
• Accepting the Apple Card after approval triggers a hard inquiry, which can slightly lower your score.
• Responsible use of the Apple Card can help improve your credit score.