Balance transfer to family member and back again.

Eternal_Noob

Hi

I'm in a situation where I have 3k on an mbna card and they are offering me 0% apr on balance transfers.

As my current apr is 22%, I'd like to transfer the 3k to a willing family members Capital One card then back to mine whilst paying the fees but then getting the benefit of 0% apr for 18 months.

I've tried getting various balance transfer cards but keep getting rejected so this seems to be my best bet.

Has anyone else been in a similar situation to this and were there any issues?

Thanks in advance.

[Deleted User]

People have been in similar situations.

You can do that.

MallyGirl

best to try online as some lenders don't like to BT from cards in someone else's name

foxy-stoat

Some dont like BT from the same lender.

Try another BT card.

Marcio45

I have recently tried something like that but i have found out that MBNA checks if the card you are transfering from belongs to the same person. In my case a transfer from my Barclaycard to my partners MBNA card was rejected, while other BT's to her own cards went through. This was done online. We even got a warning to contact their fraud department.
We didnt try to proceed with it in the end, so not sure about MBNA's policy.

Yellow_mango

If you have a high enough limit you can do a money transfer and then use that to pay off the existing balance? I’ve done that before with a Virgin card.