If paid on time and if Apple reports your timely payments to the 3 major credit bureaus it will help after a few months.
The debt to available credit ratio for an installment loan brings less negative impact to your credit score than the ratio on revolving debt like credit cards.
Do you need good credit for Apple financing?
Apple Financing Credit Score
Apple reports that you’re “more likely to be approved” for their financing with a score of 640 or higher. There are user reports of being approved with a score as low as 600. Ensuring your revolving balances are low and that you have less than six inquiries will help.
What credit score do you need for Apple Financing 2018?
The basic range of credit score categories are as follows: Poor: 300-600. Fair: 601-660. Good: 661-780.
Is Apple financing hard to get?
The Apple Credit Card requires good or excellent credit for approval. This means that you should have a credit score of at least 700, to maximize your chances of approval.
How long does it take to get approved for Apple financing?
You’ll receive special financing for purchases made from Apple within the first 30 days of opening the account. After the first 30 days, all purchases will be given the standard APR of 15.99% – 28.74% Variable.