About the program
The Path to Apple Card program provides customized steps to help you get approved for Apple Card in the future. These steps are designed to improve your financial health by improving your access to credit.
If your Apple Card application was declined, you might receive an opportunity to enroll in Path to Apple Card if Goldman Sachs determines that you could meet the requirements for approval after you complete the steps in your program. The program provides customized steps to help you get approved for Apple Card in the future. If you successfully complete the program, you will receive an invitation to reapply for Apple Card that’s good for 14 days.1
The monthly credit review required for the program doesn't negatively impact your credit score.
How to finish your personalized steps
If your Apple Card application was declined and you received an invitation to enroll in Path to Apple Card, you will be asked to complete personalized steps like the ones below. These are designed to improve your financial health by improving your access to credit.
Make all of your required payments on time
To complete this step, regularly make on-time payments on your loans and lines of credit to keep your accounts in good standing. This excludes medical debt. It also excludes any payment where you've agreed with the lender to suspend all payments for a period of time due to hardship. Your required payments must be reported as paid on your credit report until the date that you complete the program.
To help ensure that you make all of your required payments on time, you can set up autopay. When you don't make timely minimum payments on credit cards or loans, it can be reported as a negative event to credit bureaus. This puts your account in delinquency and lowers your credit rating.
If you're a few days late on a required payment, contact your lender immediately to see if making a payment will avoid past due or late credit reporting to the credit bureaus.
Lower your credit card and personal loan debt
To complete this step, pay any unpaid balances on credit cards, personal loans, or installment loans. If your credit report shows that your debt is at or below your personalized goal when you complete your program, this step is satisfied. This step excludes accounts that are secured by an asset, like a car, home, or cash deposit, but includes secured credit card accounts. It also excludes medical and student loan debt. Depending on your circumstances, you might want to pay down debt with high interest rates or fees first.
Potential lenders consider your total credit card and personal debt compared to your annual income or other available assets. This can help determine your ability to take on more debt and still make required monthly payments. When you lower your total credit and unsecured debt, it gives credit lenders a sense of your ability to make minimum payments. This can help you to meet the approval requirements for additional credit.
Resolve your past-due balances
To complete this step, pay any loans or lines of credit that are past due as quickly as possible. This includes car loans, student loans, and mortgages.
The more past due an account is, the greater the negative impact it can have on your credit report and credit score. If you have an account that's 30 days past due, prevent it from going 60 days past due. If you have an account that's 60 days past due, prevent it from going 90 days past due.
For balances that were reported as charged off before you began the Path to Apple Card program, you have until the end of the program completion date to address it. You can either pay it off or talk with your lender about options for addressing past due balances on your credit report.
Avoid events that could negatively affect your credit profile
If you incur any of these negative credit events, your participation in Path to Apple Card will end:
- A new charge-off2
- An account that goes to collections
- Repossession of a vehicle or other secured property
Reapply for Apple Card when you get an invitation
When you successfully complete the program, you will be invited to reapply for Apple Card.
If your monthly payment obligations increase or your income decreases during the program, it may impact whether your application is approved.
If you don't reapply within 14 days of receiving your invite, Goldman Sachs may evaluate your application using the standard criteria instead of the Path to Apple Card program requirements. This could also impact whether your application is approved.
Reasons your Path to Apple Card program might end
- If you reapply for Apple Card and are approved
If you think your Apple ID has been compromised, learn what to do.
If you want to opt out
Path to Apple Card is an optional program. To opt out, tap the link in your latest Path to Apple Card email to chat with an Apple Card Specialist.
- You can reapply for Apple Card at any time, including during your program, if you don't successfully complete your program, or after you opt out. In some instances, this might end your program early.
- A charge-off occurs when a creditor closes the borrower’s account after trying and failing to receive payment on debt over a period of time. A charge-off can stay on your credit report for years and make it difficult for you to access credit in the future.