Balance Transfer - Possible between people?

jambon79

Hello folks, after a quick piece of advice please.

I have a debt on a CC and I applied to Barclaycard for a 0% card to transfer the balance. I was successful in applying to Barclaycard but the limit is much lower than was needed to transfer the entire balance. My fiance also has a Barclaycard at 0% with a much higher limit and has space on.

Is there anything stopping her transfering the remainder of my original CC balance on to her Barclaycard? Would there be any problems with the two cards being in different names?

Thanks in advance.

cifpower

Absolutely no problem in doing that.

Moggles_2

You can switch credit card balances to family, friends or Dave down the pub. Please bear in mind though, the person whose card the balance is shifted to, becomes soley liable for the debt. If you were to fall out, she couldn't ask the card company to charge you for any remaining balance.

From the lender's perspective, it's not a problem. If she requests the transfer by phone, Customer Services may ask her for the name on your card, but this is purely an additional verification check. At the end of the day, Barclaycard is after her business. They're not really interested in knowing who ran up the debt, as long as she, their customer, pays up on time each month!

Caution: remember not to spend on the cards