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Balance transfer

Hi,
Can anyone advise me if I can transfer my sons Nat West credit card balance on a not yet opened credit card in my name to enable him to pay off his debt on a free balance transfer but in mt name.

Comments

  • mygeorgie wrote: »
    Hi,
    Can anyone advise me if I can transfer my sons Nat West credit card balance on a not yet opened credit card in my name to enable him to pay off his debt on a free balance transfer but in mt name.
    Once your new card is open you can do this.
    Are you for real? - Glass Half Empty??
    :coffee:
  • SCO
    SCO Posts: 729 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    mygeorgie wrote: »
    Hi,
    Can anyone advise me if I can transfer my sons Nat West credit card balance on a not yet opened credit card in my name to enable him to pay off his debt on a free balance transfer but in mt name.

    Once you transfer it to your card its your debt.
  • Si_Guy
    Si_Guy Posts: 14 Forumite
    Is this true? I thought you couldnt transfer balances into another persons name?
    [STRIKE]Car Finance - £6500[/STRIKE]
    [STRIKE]Natwest Loan - £12000[/STRIKE]
    [STRIKE]Natwest OD - £300[/STRIKE]
    Virgin Credit Card - [STRIKE]£3500[/STRIKE] £1800
    Natwest Credit Card - [STRIKE]£1100[/STRIKE] £480
    Tesco Credit Card - [STRIKE]£2500[/STRIKE] £2300
  • Yes you can transfer a balance to anothers name (you do not get asked for the name on the card you are transferring from - just the long number usually). Although you have to remember it becomes your debt then.
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