Apple Card

[Ratsima]

I started an application for one. I figure I’m a good candidate. Credit scores of 825. Several US credit cards and bank accounts. US residence and phone number. Decent retirement income. But, I was asked to provide a US State ID, which I don’t have. I tried a US Passport and US Global Entry card and they were both rejected.

I guess I’m SOL.

[Raz0rEdge]

Officially Apple Pay isn't yet available in Thailand, and once it is, they will ask for relevant information for Thai residents to get you the card. They are not account for Expats it looks like. But this did prompt me to check out and since I don't have a MasterCard issued card (have all the rest), I went ahead and applied and got approved pretty quickly.

[pigoo3]

The devil is always in the details...especially with credit card applications (Apple Card in this case)! Lol

Unfortunately here's the detail that's the hangup in this case (need to have a "valid physical U.S. address"):

Apple Card.png

- Nick

p.s. Full details on Apple Card application:

How to apply for Apple Card - Apple Support

[Ratsima]

Did they ask you to submit ID?

I own a home in Portland Oregon and use that address for all my US banking. That’s what I used for the Apple Card.

My credit limit with Bank of America is US$24K, but Goldman Sachs won’t issue me an Apple Card? Something amiss; especially with my decent credit scores and spotless payment record.

[Raz0rEdge]

No ID to submit. The first few pages was basic info: name, address, income and last 4 of social. I had to lift my Transunion credit freeze for everything to check out. I have high 830-835 (depending on who you ask) credit score, so got the lowest interest APR (doesn't really matter since I pay my bills in full) and the 20k credit limit.

Strange that if you are using a US address they would somehow KNOW to require an ID for you.

[Ratsima]

I suppose my IP address is what messed me up.

Should have started with a VPN. Live and learn.

[Raz0rEdge]

That's seems very reasonable. Now, there isn't any reason that I can think of that you can't get onto VPN and apply again if you backed out of the previous attempt. I had to do my process twice since the first time I hadn't lifted my credit freeze and was denied.

[Ratsima]

That's seems very reasonable. Now, there isn't any reason that I can think of that you can't get onto VPN and apply again if you backed out of the previous attempt. I had to do my process twice since the first time I hadn't lifted my credit freeze and was denied.

Tried several times with a US West Coast VPN and it still fails.

[pm-r]

Apple Card vs Citi, Chase, and Capital One: Is Apple's new credit card as good as it seems?

Apple Card vs other cards: Is Apple's new credit card as good as it seems? | Macworld

It's always a good idea to check and don't forget the details...



- Patrick
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[Ratsima]

For me it was just sort of a novelty. Plus, the absence of international transaction fees is a big plus. But, I already have three cards (Capital One, Bank of America and American Express) that don't charge international fees, so not being able to get an Apple Card is not that big a deal.

I guess a major irritant is that I own a huge hunk of Apple stock, but they won't give me a credit card in spite of my good credit? Do I really want to own part of a company that treats me like dirt? Not sure.

[pigoo3]

Do I really want to own part of a company that treats me like dirt? Not sure.

I don't think Apple is exactly treating you like dirt.

Obviously if you have good/great credit history...you're not being rejected due to that. And if this is the new Apple Card you're applying for...if you saw what I posted in thread post #3 14 hours ago...one of the requirements for the Apple Card is a "valid physical U.S. Address"...or military address. If you don't have this...this will certainly be a deal-breaker.

As far as selling your Apple stock...if you did this...this obviously would be a pretty silly emotional move over this issue....which you've already indicted you REALLY don't NEED an Apple Card. As we both know...Apple stock has been a terrific investment over the years...both in terms of stock value appreciation & and dividends.

Keep the stock...forget about the Apple Card...and enjoy life in Thailand!

- Nick

[Ratsima]

I do have a valid US physical address. It’s the same one I use for all my US bank accounts and credit cards. It’s the address that the credit reporting agencies use. It’s the address I use with Apple. It’s the home that I own in Portland Oregon.

As for selling the stock. This is sort of the straw that broke the camel's back. IMHO the quality of Apple products and support have suffered a noticeable decline over the past few years. Crappy batteries in my iPhone. An Apple Watch that arrived with a cracked screen that took over a month to get replaced. A three year old iPad with a battery so swollen that it popped the screen out of the case. I could go on, but I’ve had enough.

[pigoo3]

I do have a valid US physical address. It’s the same one I use for all my US bank accounts and credit cards. It’s the address that the credit reporting agencies use. It’s the address I use with Apple. It’s the home that I own in Portland Oregon.

Ok good deal.

As for selling the stock. This is sort of the straw that broke the camel's back. IMHO the quality of Apple products and support have suffered a noticeable decline over the past few years. Crappy batteries in my iPhone. An Apple Watch that arrived with a cracked screen that took over a month to get replaced. A three year old iPad with a battery so swollen that it popped the screen out of the case. I could go on, but I’ve had enough.

You can be passionate about these issues if you want...and sell the stock...but the rest of the world isn't necessarily agreeing with you. The price of Apple stock continues an upward trend...and continues to outperform stock market averages. Current Apple stock price is approx. $212/share...and in 1-2 years it will probably be $230-$240.

At that time (2 years from now) you'll have two things to be unhappy about:

1. The Apple issues you mentioned above.
2. That you sold all your Apple Stock at $212/share...and it's then worth $230-$240+.

If the Apple issues mentioned were leading to stock price declines...this would be a different matter.

Maybe the emotional thing for you is to sell the stock...but if Apple stock continues to do well...the smart thing to do is keep it in the portfolio.

- Nick

[Ratsima]

For me the point is not how much money my Apple stock makes but how I feel about myself and how I invest. I didn't buy Apple stock originally because I thought it would make me money but because I admired the company. And, at first I made very little money and there were certainly periods of losses along the way. But, just as I continued to buy Apple hardware I continued to hold on to Apple stock.

But, as the value of the stock has increased, my admiration for the company has decreased. I began thinking of divesting myself of all or part of my Apple stock some time ago. While you may be confident that the value will continue to increase; me, not so much.

I find it hard to admire a company that put me through six weeks of support hell in order to get a defective Apple Watch replaced.

I find it hard to admire a company that put two successive defective batteries in my iPhone.

I find it hard to admire a company that surreptitiously disabled older iPhones in order to fool customers about battery life. (I'll never forgive them for turning the GPS radio off by default. That caused me weeks of cycling navigation headaches.)

I find it hard to admire a company that can't explain to me why I need a state ID to apply for their credit card and can't explain to me why a US Passport is not adequate ID. They won't even let me formally apply so I could at least get a denial notice.

Whether the stock goes up or down I sincerely hope that Apple one day again becomes a company worthy of my admiration.

[pigoo3]

For me the point is not how much money my Apple stock makes but how I feel about myself and how I invest. I didn't buy Apple stock originally because I thought it would make me money but because I admired the company. And, at first I made very little money and there were certainly periods of losses along the way. But, just as I continued to buy Apple hardware I continued to hold on to Apple stock.

If this was your original investment strategy...you feel less enthusiastic about Apple now...then sell your Apple stock...and be done with it.

Whether the stock goes up or down I sincerely hope that Apple one day again becomes a company worthy of my admiration.

I feel you're still being overly critical of Apple. Apple is one of the best companies in the world...and does a lot more positive things than many other companies similar in size to Apple. You're combining some negative personal experiences with bigger issues in the news...and coming to the conclusion that Apple stinks.

There have always been individual issues (no company can be 100% free of these personal issues)...and Apple just like any other tech company has always had tech issues, recall issues, manufacturing issues, special repair programs...etc.

You simply have a lot of history with Apple...and you're taking the sum total of all the negative things you've heard of or experienced personally over the past 25-30 years (for example)...and throwing them all in one basket...and then judging.

Ask a younger person (who may only have a few years of experience with Apple)...and they'll be as enthusiastic as you were about Apple 25-30 years ago. If you're going to "lump" all of Apples failures over the past 25-30 years into one basket...then you also need to "lump" all of Apple's success's from the past 25-30 years into one basket as well...then do a proper overall analysis.

How can Apple be the top company that it is (in many ways)...rated highly by both critics & consumers...and your negative assessment of Apple also be correct. Can't be both.

- Nick