If you need help with your Apple Pay Later loan or purchase - Apple Support (2024)

FAQs

What credit score do you need for Apple Pay later? ›

If your credit score is low

Apple Financing uses Experian and other credit bureaus to evaluate your Apple Pay Later application. If your credit score is low — for example, if your FICO^® Score 9 is less than 610⁶ or Lift Premium score is lower than 580⁷ — Apple Financing might not approve your application.

Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. Users can seamlessly view, track, and manage all of their loans in Wallet.

Apple Pay Later is no longer offering new loans for purchases with Apple Pay. With iOS 18, the Apple Pay Later card will be removed from the Wallet app.

If you want to know why a debit card, credit card, or other payment method was declined, speak with your financial institution. Apple doesn't have information about why the payment method was declined.

There are multiple FICO Score versions available for lenders to use. Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.

Bottom line. It's possible to get approved for the Apple Card with a credit score under 670, but your chances improve as your credit score increases. And an excellent credit score doesn't guarantee your approval, other factors are considered, such as income and payment history.

Apple Pay Later doesn't charge any fees or interest, even if your loan account goes past due. After making purchases, information about your loan and payments will be reported to one of the three major national credit bureaus, Experian.

With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the U.S. Our focus continues to be on providing our users with access to easy, secure and private payment options with Apple Pay, and this solution will enable us to bring flexible payments to more users, in ...

Generally, most Buy Now, Pay Later lenders don't report your payment history to the major credit reporting companies, but your failure to repay may be reported by a debt collector. Most BNPL products that let you pay off your loan in four interest-free payments don't report to the major credit reporting companies.

You can apply for loan amounts ranging from $75 to $1,000 and spread the cost of purchases across four installments over a six-week period. Apple Pay Later can be a great way to finance a purchase instead of racking up high-interest credit card debt.

How hard is it to get approved for an Apple Card? ›

If your credit score is low

Goldman Sachs uses TransUnion and other credit bureaus to evaluate your Apple Card application. If your credit score is low (for example, if your FICO9 score is lower than 600),⁵ Goldman Sachs might not be able to approve your Apple Card application.

Contact your card issuer to see if they support Apple Pay. Update to the latest version of iOS, watchOS, macOS, or visionOS. Confirm that you have Face ID, Touch ID, Optic ID, or a passcode set on your device. Make sure that you are in a supported country or region.

If this is the first payment that you've received or if you turned off the setting to automatically accept payments, then you need to tap to accept the money. Tap Settings > Wallet & Apple Pay, then make sure that you turned on Apple Cash.

Some possible reasons for why the transaction is declining even though the digital card still appears in the Apple wallet include: Your card has been temporarily locked. Your card or the transaction account has insufficient funds or limit for the transaction. An incorrect card PIN has been entered at the terminal.

You can apply for loan amounts ranging from $75 to $1,000 and spread the cost of purchases across four installments over a six-week period. Apple Pay Later can be a great way to finance a purchase instead of racking up high-interest credit card debt.

When you apply for a BNPL loan, the lenders generally don't perform hard credit inquiries, which are the type of inquiries that can affect your credit scores.

Apple Card Monthly Installments (ACMI) is a 0% APR payment option that is only available if you select it at checkout in the U.S. for eligible products purchased at Apple Store locations, apple.com, the Apple Store app, or by calling 1-800-MY-APPLE, and is subject to credit approval and credit limit.

While it can be more difficult to get approved for certain premium cards with a credit score of 600 or below, there are still solid credit card options available.