BEWARE of Balance Transfer from Apple Card to Another

[Anonymous]

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

[Anonymous]

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@Anonymous wrote:

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

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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. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous 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. 

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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

[Anonymous]

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

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous 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. 

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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

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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. 

[ToxikPH]

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@K-in-Boston wrote:

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@longtimelurker wrote:

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

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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.

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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?

[K-in-Boston]

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@ToxikPH wrote:

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@K-in-Boston wrote:

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@longtimelurker wrote:

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

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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.

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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?

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

[K-in-Boston]

Unless and until GS makes a decision on whether to accept the payment or not, this thread has run its course for the time being.  OP, once a resolution has been reached, please feel free to start a new thread.

[Anonymous]

I'm going to reference a thread by @Verdictator where he had an issue with a BT on his Apple Card:  

https://ficoforums.myfico.com/t5/Credit-Cards/BEWARE-of-Balance-Transfer-from-Apple-Card-to-Another/...

It seems the consensus was that it is not possible to make a payment on your Apple Card unless it's via the app.  Well, the consensus is wrong.

It most certainly is possible to use your bank's billpay function to make a payment -- an electronic payment no less -- to pay on your Apple Card.  I have done that at least 1/2 a dozen times already without any problems whatsoever.  I made my first couple of payments via the app without problems, but got annoyed when you couldn't pay unless the charge had finally posted and your account showed a balance.  I'm one of the few who actually has the money I spend before I even spend it and also who likes to pay most things off as soon as I can right after making the purchase.

So, I set up a biller on my Citibank billpay and made a payment from my Citibank checking account.  When setting up the biller, billpay presents you with a list of matches to your biller's name and one match was GS Bank.  So I selected GS Bank, plugged in my virtual Apple Card number and made the payment.  Most BillPay [ayments in my experience take two business days, but this payment proved to be different.  It arrived overnight.  I made the payment around 9p PST and at 6a my Apple Card had been credited.    

Since the first time several months ago, I've done it at least 1/2 a dozen more times and never any issues at all.  Each payment arrived lightening fast.  The payments reflect on the app and my Apple Card statements as "Payment: Offline Payment" and then the date.

Disclaimer:  Since each bank doesn't necessarily use the same backend billpay provider, it's possible that this would not work if your account is at a different bank.

[Brian_Earl_Spilner]

The consensus was not wrong as what was being posted is what is in the T&C for the card. You found a workaround, one that not everyone may be able to take advantage of, but those that can, will be happy to use.