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Lenders can choose whether they report information to the credit bureaus, which bureaus they report to, and what information they report.
Credit reporting is an important part of building credit, as the information given is used to update your credit report and corresponding credit score. It also matters when a credit card reports to the bureaus, as your borrowing information is constantly changing.
Does Apple report to the 3 major credit bureaus?
Yes, Apple reports to the three major credit bureaus:
When does Apple report to the credit bureaus?
Apple reports to the credit bureaus on the last day of every month.
How often does Apple report to the credit bureaus?
Apple reports to the credit bureaus every 28–31 days.
What information does Apple report to the credit bureaus?
Apple reports the following details to the credit bureaus:
- Your credit limit
- Your current balance
- Late payments
How to build credit with a Apple credit card
To build credit with your Apple credit card:
- Use your card regularly: Using your Apple card responsibly each month gives Apple positive marks to report to the credit bureaus. If you have a low credit limit or worry about being able to pay your credit card bill, charge a small recurring purchase to the card (like your Netflix or Amazon subscription).
- Use less than 30% of your credit limit: An important factor in determining your credit score is your credit utilization rate, which is how much of your total credit you’re using. You want this number low, so try to only use less than 30% of your credit limit, or less than 10% for an even better rate.
- Pay your bill on time: The most important part of building credit and raising your credit score is making on-time payments to your Apple account. When you pay your credit card bill also matters if you’re trying to raise your score. Pay your credit card bill in full by the due date, and pay down most of it by the statement closing date (since that’s when Apple reports your account standing) to maximize positive reporting.
- Keep your account open: The length of your credit history also contributes to your credit score, so keep your Apple credit card account open to increase your average credit age.