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Can I Transfer my Balance to a Family Member's Credit Card?
pennypincher3562
Posts: 2,229 Forumite
in Credit cards
Hi
I am currently out of work, and have a credit card balance of around 2700 on an interest free card.
The interest free period will run out in next couple of months. A family member has offered to help me, and apply for another interest free card, in order to transfer the balance.
The question is, would I even be allowed to transfer the balance, if the new card is not in my name?
Thanks
PennyPincher3562
I am currently out of work, and have a credit card balance of around 2700 on an interest free card.
The interest free period will run out in next couple of months. A family member has offered to help me, and apply for another interest free card, in order to transfer the balance.
The question is, would I even be allowed to transfer the balance, if the new card is not in my name?
Thanks
PennyPincher3562
0
Comments
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I know a family member that has done this so it is possible. But bear in mind that it is then their debt, so you would need to keep on top of payments and pay as much as possible each month.0
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pennypincher3562 wrote: »Hi
I am currently out of work, and have a credit card balance of around 2700 on an interest free card.
The interest free period will run out in next couple of months. A family member has offered to help me, and apply for another interest free card, in order to transfer the balance.
The question is, would I even be allowed to transfer the balance, if the new card is not in my name?
Thanks
PennyPincher3562
Yes, I have done it.====0 -
Thanks for the responses, yes I'm very aware it would become their debt, so will try avoid doing it all.
Cheers
PennyPincher35620 -
They, not you can do it easily and Barclaycard now do a 3 year 0% deal.0
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