Can you get an Apple Card as a college student?
Answer: A: Honestly as a student with minimal income you most likely will end up with their highest interest rate of 23.99%. Don’t get the Apple Card just because it’s Apple. You may want to look at getting a card through your local bank with a low credit limit and see if you can negotiate a better rate.
How do I get a student Apple Card?
To get Apple Card, you must meet these requirements:
- Be 18 years or older, depending on where you live.
- Be a U.S. citizen or a lawful U.S. resident with a valid, physical U.S. address that is not a P.O. Box. …
- Own a compatible iPhone with the latest iOS version. …
- Use two-factor authentication with your Apple ID.
Can someone under 18 get an Apple Card?
To be eligible to apply for Apple Card, you must be 18 years old or older, depending on where you live. … You must sign in on your device with your Apple ID and use two-factor authentication. If you have a freeze on your credit report, you need to temporarily lift the freeze to apply for Apple Card.
Is it smart for a college student to get a credit card?
As college students work their way toward adulthood, it’s reasonable to ask whether they should be given credit cards. On the one hand, it’s generally a good idea to build up a credit score while they’re still in college in order to make getting an apartment, opening a new credit card, or even finding a job easier.
Does Apple Card build credit?
If you use your Apple Card responsibly, it can help you build your credit over time. … As of this writing, the Apple Card reports credit activity to TransUnion and Equifax — two of the three major credit bureaus — and Apple may expand reporting to Experian in the future.
Apple Card Family lets you co-own your Apple Card account with one member of your Family Sharing group. You can share your credit line with a co-owner and build credit together as equals. … You can also share your Apple Card with members of your Family Sharing group, including teens and adults.
How long should I wait to re apply for Apple Card?
For the average customer in the Path to Apple Card program, it should take about four months to have the chance to reapply.
Can a 15 year old use Apple Pay?
To send and receive money with Apple Pay, you must be at least 18 years old and a resident of the United States. Apple Pay isn’t available for children under 13.
Can a 13 year old get an Apple Card?
Anyone who is 13 years or older can share an Apple Card too. The adult card holder(s) can put a credit limit on younger users. And track everyone’s spending. The card was designed to be consumer friendly, displaying purchases and payments in an easy-to-understand interface on an iPhone, iPad, etc.
Can you apply for an Apple Card at 16?
Be 18 years or older, depending on where you live. Be a U.S. citizen or a lawful U.S. resident with a U.S. residential address that isn’t a P.O. Box. You can also use a military address. Use two-factor authentication with your Apple ID.
Do student credit cards build your credit?
Student credit cards help build credit because issuers will report your payment activity to the three major credit bureaus – Experian™, Equifax® and TransUnion®. These credit bureaus will keep a record of the type of credit accounts and loans you have and whether you’re a responsible borrower.
Why are credit cards bad for college students?
Average Credit Card Debt for College Students
The reason is that credit card debt is painful for anyone, but it’s especially troublesome when you’re still in college because you’re most likely to already have student loan debt. … Your credit score will start to go up as your balance starts going down.
How many credit cards do college students have?
How many college students have credit cards? 21. 38 percent of college students have two or more credit cards, 19 percent have one card and 43 percent do not have a credit card (Sallie Mae).