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Can I transfer a relative's credit card balance to my card?

In order to help out a relative temporarily I am hoping to transfer part of their outstanding credit card balance onto my card. I have a 0% offer for 26 months with HSBC with a low balance transfer fee - which means this is cheaper than losing the interest on the funds. They will pay me back within the two year period.

Is it possible to transfer a balance from a family member onto your card with HSBC? I presume so - but just wanted to double check!


  • MallyGirl
    MallyGirl Posts: 6,698 Senior Ambassador
    Photogenic First Anniversary Name Dropper First Post
    if you do it online it works, if over the phone they might ask if account is in your name and it might fall at that hurdle.

    usually comments will follow about being prepared to not get the money back - never lend to friends and family, etc, etc.
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  • pascal22p
    pascal22p Posts: 28 Forumite
    Combo Breaker First Anniversary
    I have done it several time online without any problem. I have also done it in branch where I opened a balance transfer credit card to offload some of my partner debts. I did told them what I was doing. I have just been reminded of the consequences and that's all.
  • faddy
    faddy Posts: 508 Forumite
    MallyGirl wrote: »
    if you do it online it works, if over the phone they might ask if account is in your name and it might fall at that hurdle.

    Though if you fibbed they'd have no way of knowing?
  • VanessaHilton
    it depends whether they are offering 0% balance transfer, but usually they will charge 2% somehow!
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