cancel
Showing results for 
Search instead for 
Did you mean: 

BEWARE of Balance Transfer from Apple Card to Another

longtimelurker
Mega Contributor

Re: BEWARE of Balance Transfer from Apple Card to Another


@Saeren wrote:

@Verdictator wrote:

Hi @Saeren

 

All that Citibank requested me to provide was a Creditcard number, expiration, cvv, and the balance on the card. It did not ask me for anything else. 


That seems to be a failing on Citi's part then. Not all credit accounts are credit cards and asking for the CVV puts card security at risk. 

Also, if they were looking cards up in this manner their system should have realized that they can't send payments to a virtual card number. 


Even asking for expiration is a little wierd, and asking for that and CVV would raise a red flag, basically am I really talking to Citi!   In this case it seems that you were, but no idea why Citi would need this info, which is usually only for purchase, and hopefully they weren't charging the card!

Message 21 of 43
Verdictator
New Member

Re: BEWARE of Balance Transfer from Apple Card to Another

This was late in October, they may have not asked for the CVV. You guys are a weird bunch! Haha

<script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>
Message 22 of 43
FinStar
Moderator

Re: BEWARE of Balance Transfer from Apple Card to Another

Out of curiosity, what was the amount that needed to be transferred to Citi from your Apple card?
Message 23 of 43
Verdictator
New Member

Re: BEWARE of Balance Transfer from Apple Card to Another

I'm not comfortable providing that, but I appreciate your interest. 

<script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>
Message 24 of 43
Saeren
Mega Contributor

Re: BEWARE of Balance Transfer from Apple Card to Another


@Verdictator wrote:

This was late in October, they may have not asked for the CVV. You guys are a weird bunch! Haha


What is so weird about trying to get to the bottom of a situation?

 

It is very weird to have a credit card company want or need a CVV or expiration date so it makes sense that we would question that happening. 

What really strikes me is that they didn't ask for a payment address. They wouldn't be able to get this from a virtual credit card number which is what the Apple Card in your Wallet is. 





Message 25 of 43
Verdictator
New Member

Re: BEWARE of Balance Transfer from Apple Card to Another


@Saeren wrote:

@Verdictator wrote:

This was late in October, they may have not asked for the CVV. You guys are a weird bunch! Haha


What is so weird about trying to get to the bottom of a situation?

 

It is very weird to have a credit card company want or need a CVV or expiration date so it makes sense that we would question that happening. 

What really strikes me is that they didn't ask for a payment address. They wouldn't be able to get this from a virtual credit card number which is what the Apple Card in your Wallet is. 


Hello,

 

I have uploaded a screen shot of the requested information. My apologies for misremembering it requiring expiration or CVV. 

https://imgur.com/a/ENzxTg7

 

Thanks

<script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>
Message 26 of 43
Verdictator
New Member

Re: BEWARE of Balance Transfer from Apple Card to Another

To be clear - The above was ALL the information they requested. No address, phone number, blood type, zodiac sign. 

<script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>
Message 27 of 43
Saeren
Mega Contributor

Re: BEWARE of Balance Transfer from Apple Card to Another


@Verdictator wrote:

@Saeren wrote:

@Verdictator wrote:

This was late in October, they may have not asked for the CVV. You guys are a weird bunch! Haha


What is so weird about trying to get to the bottom of a situation?

 

It is very weird to have a credit card company want or need a CVV or expiration date so it makes sense that we would question that happening. 

What really strikes me is that they didn't ask for a payment address. They wouldn't be able to get this from a virtual credit card number which is what the Apple Card in your Wallet is. 


Hello,

 

I have uploaded a screen shot of the requested information. My apologies for misremembering it requiring expiration or CVV. 

https://imgur.com/a/ENzxTg7

 

Thanks


So as I suspected they were using the card number to find the information for the creditor. The problem is that the credit card number supplied in the Wallet app is a virtual card number and should have been flagged. 

Keep us posted on how it turns out. Citi shouldn't have sent the money to begin with though. 





Message 28 of 43
ToxikPH
Established Contributor

Re: BEWARE of Balance Transfer from Apple Card to Another


@K-in-Boston wrote:

@longtimelurker wrote:

This is the magic of Apple!   If say Barclays had done something similar, forums would be in uproar....


I'm uproarius!  FWIW the way around this would be to use the "deposit to checking" option (if available) for a BT and then pull the payment from your checking account through the Wallet app after it has been deposited.  I am sure there are going to be a lot of horror stories coming around in the coming months when people buy shiny new MacBook Pros thinking they can just BT it later after earning the rewards.


I've never seen a BT offer that doesn't charge a fee of <3% which the cashback one would gain this. Is there one that is less or what would be the point of that?


Message 29 of 43
K-in-Boston
Moderator

Re: BEWARE of Balance Transfer from Apple Card to Another


@ToxikPH wrote:

@K-in-Boston wrote:

@longtimelurker wrote:

This is the magic of Apple!   If say Barclays had done something similar, forums would be in uproar....


I'm uproarius!  FWIW the way around this would be to use the "deposit to checking" option (if available) for a BT and then pull the payment from your checking account through the Wallet app after it has been deposited.  I am sure there are going to be a lot of horror stories coming around in the coming months when people buy shiny new MacBook Pros thinking they can just BT it later after earning the rewards.


I've never seen a BT offer that doesn't charge a fee of <3% which the cashback one would gain this. Is there one that is less or what would be the point of that?


Apple purchases earn more on the card.  Many CUs offer 0% and $0 balance transfers.

Message 30 of 43
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.