Balance Transfers - cards in different names?

speeddial

Hi all,

My Partner has been accepted for a Tesco Credit Card. As part of the deal they have offered her 0% on balance transfers. She doesn't really have any outstanding debts so she has offered to let me use the Balance Transfer facility to move some of my debt with high APR to the card.

However, is it possible to Balance Transfer between two cards in different names?

Tixy

Yes, the names on the accounts won't matter. The only thing you cannot do is transfer from a card by the same issuer. So you couldn't move a tesco card balance in your name through a BT to a tesco card in her name.

SAK45

Yes definitely. You can also apply for the same card in your own name too. In the past my husband and I have applied for credit cards on special offer with the same company. You can transfer anyone's debt over as long as their debt isn't on a card that is issued by same company as the above poster has mentioned.

speeddial

Thanks for the info, who finances Tesco Credit Card then? Is it Tesco or is it a financial institution?

Also do you think it will affect 'financial association'? My partners Credit Record is pretty good and we use hers when we need to make any purchases on credit whereas my Credit Record has deteriorated since the recession.

Any advice welcome.

Tixy

Tesco finance their own card now (and are not linked to any others).

Just doing this transfer won't make you financially associated on your credit files.

speeddial

Thanks Tixy :-)

Fruit_and_Nut_Case

When you do the BT, don't volunteer the information that the cards are in different names in case someone less informed decides that it can't be done.

speeddial

Good advice, thanks.