Apple Card is definitely dominating the limelight with its features and benefits. People from all walks of life are getting attracted to the Apple card. As a result, people are wondering about the impact on your credit score. There have been reports in the news regarding Apple card users, who have had issues with their credit scores. Let us get to know more about the Apple credit card, and how it can affect you.
According to the Apple blog, “If you're like the millions of Apple card holders around the world, you know that your credit history plays a huge role in whether or not you qualify for certain programs.” The blog continues to say that the system is designed to make sure that the customer gets a chance to build up their credit profile. For instance, it says that the Apple cards are designed to give a user the chance to earn a credit rating for their spending habits. This may not seem like something that you would feel like doing, but the point is that there are programs like this, which are available to help those with lower credit scores.
The Apple card blog goes on to state that after a user has built up a good reputation with the company, they will be given the opportunity to apply for discounts, by taking a new or upgraded card. Apple card users are also being informed that Apple card has a special program, in place, where they will be able to get a free Apple iPod with the purchase of one card. Furthermore, Apple card users are also being informed that the card also offers a cash rebate reward system for the purchases made using the card. An Apple card user decided to take a closer look at the material inside and decided to peel away the outer covering and check out the steel inside.
Upon examination, the user found out that there were three major reasons why the Apple card's credit report is bad. The first reason is for non-payment of balance balances. The second is for late payment, and the third is for payments that went past the due date.
To help improve your credit report, there is a link available on the Apple website, which will allow you to view your credit report, and request for a free credit report online. From there, you are given the opportunity to download the report to your computer, so that you can review it, and decide whether or not it will be necessary for you to take any action.
A couple of things should also be noted before buying an Apple card. It is important that before you apply for an Apple card, you check and make sure that the company has a valid financial institution, so that you are able to get an account with them.