Balance transfer from another persons card

BoGoF

Does anyone know if it is possible to transfer my partners credit card balance to a card in my name. Basically she has had the letter from Capital One upping her interest rate but I have a Barclaycard with nothing on it which has a 6.9% life of balance transfer facility available and obviously would pay less if I could switch it onto my card.

Many thanks

Moggles_2

You can switch credit card balances from family, friends or Dave down the pub. You should be aware though, that the person whose card her balance is shifted to, becomes soley liable for the debt. If you were to fall out, you couldn't ask the card company to charge her for any remaining balance.

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

BoGoF

Thanks for that, and I do realise the implications of us 'falling out'.......just a tentative enquiry at the moment. I'll try and get her another 0% deal or low life of balance card for herself.

Moggles_2

BoGoF wrote: »

I do realise the implications of us 'falling out'.......just a tentative enquiry at the moment. I'll try and get her another 0% deal or low life of balance card for herself.

Judging from the number of forum users saddled with their former partner's credit card debts, I think that's wise.

This table on the stoozing site (which is sponsored by Money Saving Expert) should help:

http://www.stoozing.com/0fees.php