Can’t transfer Apple Card Balance

[Howaboutthat]

I Asked GS for cli on my Apple Card which wasn't approved. So the long and short of it is I said I'll need to Balance Transfer to another card. GS said I can not do a balance transfer on my balance. I guess it says so in the fine print. 

some DPs

limit is $3000

utilization 49%
ITU fico 9 is 673 / GS says 661

income is $85000.00

Utilization across the board is 31%
I've never missed a payment

I always pay twice the minimum due

I do have a small collection but it didn't stop them from giving me the 3000 dollar initial limit. 

Thoughts

[Anonymous]

Can you have the card that you are going to use for your balance transfer deposit directly to your bank account or send you a BT check? When I am doing BTs I almost always deposit direct to my bank account and then pay whatever needs paid.

[ldkcivilservant]

Push the BT from your other card issuer to them, despite what they say, they aren't going to turn down the payment. All you should need is card number and address at GS for your 2nd issuer to send the payment to. It might end up going snail mail as a paper check if GS really are that petty, but it'll get there.

[designated_knitter]

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@Howaboutthat wrote:

I Asked GS for cli on my Apple Card which wasn't approved. So the long and short of it is I said I'll need to Balance Transfer to another card. GS said I can not do a balance transfer on my balance. I guess it says so in the fine print. 

some DPs

limit is $3000

utilization 49%
ITU fico 9 is 673 / GS says 661

income is $85000.00

Utilization across the board is 31%
I've never missed a payment

I always pay twice the minimum due

I do have a small collection but it didn't stop them from giving me the 3000 dollar initial limit. 

Thoughts

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I've been told that creditors like to see more than minimum or even 2xMinimum payment.  Even  making 2xMinimum can be a sign to them that you are a little closer to the edge.  

If you increase the amount that you are paying each month, that may make them more comfortable in granting a CLI.

Good luck!

[NRB525]

Which card or cards do you have for the BT funds?

[mustangy]

another ripp off by apple if single card over %30 doesnt matter your overall ratio is %10
this is why they starts via small limits to push you to pay
well paying closing and will never ever buying your phone or macbook  lol
(Mod cut - not here please. If unclear, please visit/review the myFICO TOS @mustangy)

[wingennis]

I've purchased Apple computers on my Apple card twice and then transferred the balance to a 0% card simply by taking the BT as a direct deposit to my checking account and then pushing the payment to Apple.  Easy peasy.

[firefox100]

AS others said do balance transfer to your checking account then pay off your Apple credit card. When doing a BT never do it directly from one credit card to another credit card always go through your checking account, the bank credit card who is getting paid off then have record where the payment came from. This could make you look like your introuble having money problems.

[FinStar]

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@firefox100 wrote:

AS others said do balance transfer to your checking account then pay off your Apple credit card. When doing a BT never do it directly from one credit card to another credit card always go through your checking account, the bank credit card who is getting paid off then have record where the payment came from. This could make you look like your introuble having money problems.

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@firefox100 - this is not an entirely accurate statement.  Banks do not track BT checks or BT payments (ACH or otherwise) for the purpose to determine that such payment would deem someone to be in trouble financially.  This is really bad advice.

All banks do is process these instruments like any other incoming check, money orders, etc., to ensure there are sufficient funds from wherever the check is drawn.

[firefox100]

All I can say is couple of years ago I had large balance on my Discover card around 6K and had my sister give me check from our trust account which was made out to Discover and mail the check to Discover, Month later when I was on line to make another payment it ask do you want to use account which was last used to make a payment. Banks keep all kinds of data, what they do with it I don't know. I can tell you couple of years ago I made an electronic deposit from my TD bank account to race track for betting on horses and week later got a call from TD bank saying they would let this one go but it was not a good Idea b not to do this again. You may be right that it does not matter.