The Apple Card offers a starting credit limit of $2,500. The maximum limit varies according to the applicant’s overall creditworthiness. While there are reports of $20,000 limits, Goldman Sachs does not provide any official information about it in the card’s terms. However, as with all credit cards, your chances of getting a higher limit depend on your income and current credit score.

For better approval odds, the recommended score is 700+. That means you need at least a good credit score to become eligible for this card. If you have a good income and a lower score, you can try for pre-qualification without a hard inquiry at the official website or using Apple’s wallet app.

With the Apple Card, you don’t have to worry about the usual fees such as monthly, maintenance, annual, foreign and late fees. The card does, however, have a variable APR that ranges between 13.99% and 24.99%. That means you should always pay your balance in full to avoid accruing interest on your purchases.