Apple Card isn’t reflected in your credit score… yet

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Apple Card in POS
The Apple Card is still so new it’s not being reported to credit bureaus.
Photo: Ed Hardy/Cult of Mac

Any late payments made so far to an Apple Card account haven’t hurt your credit rating. Not yet, anyway.

That’s because the bank that’s backing the card, Goldman Sachs, reportedly isn’t giving anyone’s payment history to the three major credit bureaus.

MarketWatch says it was told by “a source close to Goldman Sachs” that information about Apple Card payments isn’t being turned over to Equifax and the other companies that calculate everyone’s credit score.

However, this isn’t some kind of protest. The credit card is new, and it’s Goldman Sachs’ first. The company reportedly will report the complete transaction history to the credit bureaus by the end of the year.

Mark German of Bloomberg was the first to break this news, but MarketWatch says it has heard the same from a separate source.

So anyone who’s been good about paying off their Apple Card on time can count on that showing up on their credit score eventually.

This card debuted over the summer to generally positive reviews, and Goldman Sachs‘ CEO is very pleased with how the launch went.

Thanks to Matt for the tip!