Transfers someone elses balance to zero % card?

MarkLyford

Hi There

I'm trying to find out if its possible / allowed to transfer someone else's credit card balance in a different name to a zero percent credit card?

Thanks in advance for any help

Regards

Mark

[Deleted User]

Yep. .

Weybridge78

Check T&Cs as not all allow this.

MarkLyford

Thanks, and that applied to all CC companies ?

bolton_joe

Absolutely fine from the receiving card's perspective. The risk is at the new card's end as even if the T&Cs for balance transfers allow it, you can easily have the transaction blocked by fraud or risk teams...

chrisw99

Me and my wife transfer between our cards all the time to keep it all at 0%. Only one of the websites I recall has a checkbox you have to tick to confirm you are the owner.

It helps that my wife and I have the same initial letter, so it appears like it's a transfer from J BLOGGS to J BLOGGS

theburningcat

When I tried to transfer a balance from my Amex to my Santander CC, they said they had a system to verify the owner of the card from which the balance was being transferred. In fact, despite both cards being in my name, it was because of that system they couldn't do it.

I guess they might just authorise £1 on it and check it passes AVS for the details they hold for you.

davieg11

I far as I know only Barclaycard, MBNA and TSB allow this. I have transferred my partners to my Barclaycard and MBNA cards last month, so these 2 definitely allow it. My Tesco card wouldn't except it thought!

gingercordial

Tesco say no, but it works on their online system. Possible consequences if they ever found out I suppose.

Virgin won't do it and their systems seem to check and reject automatically. The solution as suggested by Virgin turned out to be that OH (Virgin card owner) set me up as an additional cardholder on his account, and I then rang Virgin to do the BT from my own card. I don't know why that was the acceptable method.

Of course this is all with the caveat that the main cardholder becomes responsible for the debt so you'd better trust each other!