How to Increase the Credit Limit of Your Apple Card

The no-annual-fee Apple Card from Goldman Sachs comes with a range of benefits, and a higher credit limit enables you to make the most of what’s on offer. With an increased limit, you can use your card more liberally without negatively affecting your credit utilization ratio.

You may request an Apple Card credit limit increase online or over the phone. Some cardholders get automatic increases, although there are no published guidelines surrounding who may receive one.

Whether you get an Apple Card credit limit increase automatically or ask for one on your own, you don’t have to worry about a hard credit pull. Goldman Sachs, the card’s issuer, only carries out soft pulls for credit limit increase requests.

If Goldman Sachs declines to raise your credit limit, you can always resubmit your request. However, it’s best to take steps to remedy any issues that may have led to the rejection before doing so. Applying for a new card is also an option.

• How to Request a Credit Increase With Your Apple Card
• When Should I Request a Credit Limit Increase?
• What to Do if the Request Is Denied
• Who Is the Apple Credit Card For?
• Apple Credit Card Alternatives
• Other Questions You May Have About Apple Card Increases

You may request a credit limit increase on your Apple Card online or over the phone. If you plan to call, the number to use is 877-255-5923. Submitting an online request is possible by using your iPhone or iPad.

>>MORE: HOW TO GET A HIGHER CREDIT LIMIT

There are instances when Apple Card holders receive automatic credit limit increases. While Goldman Sachs doesn’t have published guidelines surrounding who might qualify, you can increase the likelihood of getting one by following a few best practices.

You typically need a payment history of six months or more with your Apple Card before you may qualify for a credit limit increase. However, other factors affect the outcome of your request too. For instance, a recent pay hike might work in your favor.

Timing can play an important role in getting approved for an Apple Card credit limit increase. For example, if there’s been a significant improvement in your credit score recently, consider going ahead with your request. However, it’s likely not the best time to ask for an increase if you’ve noticed a dip in your score — whether due to a late payment, a high credit utilization ratio, or something else.

>> More: What Is a Credit Limit and What Factors Determine It?

Goldman Sachs might deny your Apple Card credit limit increase request for different reasons. These include:

• You missed making payments.
• You’ve made late or returned payments.
• You’ve accumulated a significant amount of debt.
• You have insufficient income.
• You have a low credit score.
• You’ve submitted multiple applications for credit in the recent past.

If Goldman Sachs rejects your request, consider submitting another request after six months. In the interim, it’s best to make a concerted effort to address the problems that caused the initial denial. For instance, if you have average creditworthiness, you’ll want to work on improving it by making all your payments on time and paying off as much of your debt as possible.

Another option is to apply for a new card from a different issuer after comparing your options.

The no-annual-fee Apple Card is best suited for people who use Apple products and wish to earn high cash back. This card offers 3% cash back on Apple purchases and purchases made through partner merchants. Using Apple Pay to make all other purchases comes with 2% cash back. Making interest-free monthly payments for Apple products is possible. This card does away with foreign transaction fees, making it ideal to use outside the U.S. However, it doesn’t offer a welcome bonus, purchase protection, extended warranty or travel coverage.

Several credit card issuers offer you the ability to earn cash back/rewards without paying any annual fees. One such card is the Capital One SavorOne Rewards Card, which offers cash back on purchases within select bonus categories. Other cards — such as the American Express Blue Cash Preferred Card — charge a nominal annual fee and, in return, offer higher rewards and more perks.

Capital One SavorOne Rewards Card - A good cash back card for international travelers
The no-annual-fee Capital One SavorOne Rewards Card offers new cardholders a $200 early-spend cash bonus if they spend $500 on purchases in the first three months. An intro 0% APR offer applies on purchases and balance transfers for the first 15 months. You can earn up to 3% cash back through category-based spending. This card doesn’t charge foreign transaction fees. It comes with complimentary extended warranty coverage and travel accident insurance.

Amazon Prime Rewards Visa Signature Card - A great card for Amazon Prime members
The Amazon Prime Rewards Visa Signature Card charges no annual or foreign transaction fees. Cardholders with an eligible Prime membership can earn 5% cash back at Amazon.com and Whole Foods Market. There are other bonus categories too. Cardholders may also benefit through complimentary purchase protection, extended warranty protection, auto rental collision damage waiver, roadside dispatch, baggage delay insurance, lost luggage reimbursement, travel accident insurance, and travel and emergency assistance.

American Express Blue Cash Everyday Card - Good for earning cash back in the U.S.
The no-annual-fee American Express Blue Cash Everyday Card lets you earn a $200 welcome bonus if you spend $2,000 on purchases in the first six months. The card also offers a 0% APR introductory APR on purchases and balance transfers for the first 15 months. As you spend, you can earn up to 3% cash back when you spend on bonus categories.

American Express Blue Cash Preferred Card - Great for earning high cash back in the U.S.
The American Express Blue Cash Preferred Card offers new cardholders a $350 welcome bonus if they spend $3,000 on purchases in the first six months of card membership. In addition, cardholders get an intro 0% APR on purchases and balance transfers for the first 12 months. You can earn up to 6% cash back through category-based spending.