Turns out you probably don’t have to.
Goldman Sachs, the bank issuing the card, is reportedly approving applications from subprime applicants, according to CNBC.
With its payments and spending tracking features, the Apple Card was clearly built with the intention of letting customers see the benefits of paying down debt as opposed to carrying it over month-to-month.
Citing sources close to the matter, CNBC reports that Goldman Sachs won’t be handing out more credit than an applicant’s credit score can handle, as the goal of the card is to “encourage responsible use”.
The report went on to note that one new customer was approved for the Apple Card with a credit score of about 620 said he was given a $750 (ÂŁ623) limit and an interest rate of 23.99 per cent.
First off, Apple markets the card as an account offering low interest rates compared to industry standards.