Originally Posted by Happy (Post 21426388)

No idea about Status. But it has happened to a Citi Gold customer. I do not use Citi but this has happened to 3 persons I know a few months ago.

What Citi system did was, it authorized it one time, then it authorized one more time when the cash was paid. Since there was no "billing" to offset the 1st authorization - that one stayed on the card. This is no different than how hotel authorization work on an award stay, for example. EXCEPT, MVD is not a normal credit card, nor a normal debit card of a normal bank account, so the authorization stays and creates a deduction of the amount authorized.

May be Citi finally fixes this bugs in its software as these incidents were discovered and reported from the beginning of MVD gig.

You do realize a Cash Advance actually is run as a POS Sale treating the MVD (or any bank's check cards) as a Credit Card, right? That is how it is being processed, and why no PIN is ever needed.

In fact many banks told their customers to get around their daily withdrawal limits on the check card by doing a Cash Advance at any bank's counter. I personally heard a BofA CS manager told this to a new customer. The limit BofA imposed on its own check cards is $2500 a day thru Cash Advance, btw.

MVD does not seem to have ability to enforce the $2500 a day limit as you already reported. Though doing several $5K a pop in a month is a good way to get shut down.

Originally Posted by craz (Post 21426326)

That must have been implemented yesterday after 9:15am, since @ 9:12am I had no problems doing another $5k CA, just as I have numerous times before that

Originally Posted by 3ZeroT (Post 21426646)

I will attempt one this afternoon for > $2500 and report back, if no one else has by then.

Originally Posted by thegasguru (Post 21426873)

Many, many people have been shut down by MVD for going to hard on the CAs. Unless you have some compelling reason (say, missing a sign up bonus unless you hit spend right away?), why take the risk? I've got 3 active accounts, and have managed to stay under the radar by doing < $2K CA at a time every couple of weeks. Being able to easily generate an extra $12K - $18K a month in spend is worth more to me than the risk of a couple of $5K paydays.

Originally Posted by thegasguru (Post 21426873)

Many, many people have been shut down by MVD for going to hard on the CAs. Unless you have some compelling reason (say, missing a sign up bonus unless you hit spend right away?), why take the risk? I've got 3 active accounts, and have managed to stay under the radar by doing < $2K CA at a time every couple of weeks. Being able to easily generate an extra $12K - $18K a month in spend is worth more to me than the risk of a couple of $5K paydays.

Originally Posted by liw5215 (Post 21426918)

what is the point of doing $2k CA? you can just buy 4 Vanilla GC, cash out at Walmart via MO, without worrying being shutdown.

Originally Posted by 3ZeroT (Post 21426646)

I will attempt one this afternoon for > $2500 and report back, if no one else has by then.

Originally Posted by craz (Post 21426331)

Ive only used Citi and never had the problem youre talking about, maybe its depends on 1 status level with Citi

Originally Posted by js80 (Post 21425194)

I know there was some discussion of cash advance limits many pages back , but I wanted to report on my first experience with MVD (jumped in feet first as I have more VRs available to me than I can handle through BB) which is inconsistent with what has generally been reported here.

I walked into my local Citi branch yesterday and asked for a CA of $9400. First was told that Citi's internal CA limit is $5,000. Okay, so I asked for $5,000. Teller tried to run the transaction, but it failed. He suggested that perhaps the issuer has its own limit. I asked him to try $2,500, and it worked.

Has anyone else run into CA limits on the MVD side of things? Did I do something wrong? I'd like to do bigger CAs to (a) cut down on my trips to the bank, and (b) avoid unnecessary fees.

Originally Posted by iahphx (Post 21432148)

After my Preferred Citi card was shut down last spring (we still have my wife's), I didn't need my MVD card anymore (we don't buy as many VRs anymore) So I'm not using it. I understand there's an inactivity fee, so I assume my balances have gone negative. There's no real problem with that, right? Will they just shut down my cards?

Originally Posted by craz (Post 21431818)

another $5k done @ Citi w/o any problems or questions being asked. I do deposit it into my acct @ Citi

Originally Posted by emma dog (Post 21409454)

I've started using this product only to make mins (got a couple too many cards last AOR).

-I bought several of the starter cards... is it true that I need to wait for the permanent cards to consolidate the balances?
-Other than the reload cards, any other way to fund these? My local pharma chain doesn't have any reloads ever but they have a ton of the starters.
-I don't want to go to the bank to deal with the cash advance on a blank card... not worth it on many levels. Anyone have experience getting starters, consolidating the money, then cancelling them over and over?
-Does MVD send you a permanent card when you activate the starter? If so, how do you bypass the "3 card" limit? Keep cancelling them once you get the money out?


Thanks.