Additional cardholder & balance transfer

marksandsparksgal

Hi everyone,

Apologies if I'm being a bit thick....

I hold a Tesco old style CC, with my boyfriend as an additional cardholder (he's been on there about 3 months), can we do a BT from one of his cards to the Tesco account....or will they say no since I'm the main holder?

Many thanks

Moggles_2

Your Tesco card is issued by RBS. Provided that your boyfriend's card comes from a different lender, you should be okay.

Please bear in mind, the person whose card the balance is switched to, becomes soley liable for the debt. If you two were to fall out, you couldn't ask Tesco to charge your boyfriend for any remaining balance.

From the lender's perspective, it's not a problem. Customer services may ask you for the name on the account, but this is purely an additional verification check. At the end of the day, the card company 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.

marksandsparksgal

Hey,

Thanks for the reply!

He can be trusted, he has a card on my &More account too, the balance transfer is to get rid of an old HSBC debt a bit cheaper than he is doing now (19% eugh)

Thank you for the quick reply.