Can I do a balance transfer to my credit card from a credit card which is in someone else's name?

Answer 1

YES YOU CAN!
My husband did it for me (different last names on the accounts, I am not an authorized user on his and he is not on mine).
I just did one for a friend (not a good move but I am holding something of value for her).
I got a zero interest free balance transfer account from bank of america 1 800 992 6029.
(the zero interest is only for 12 months).
After I transfered the balance, they sent me some checks to transfer more accounts. you can put ANYONE or business' name on the checks so you could put capital one or even that other person's name on the 'check' and it goes to your credit card. If it is the case that your bank wont let you do that you could always write the 'intrest free one' check to yourself and use the cash to pay the other balance off. again just be sure that it is zero or low interest as you dont want the cash interest rate applied (which is usually way higher than the regular rate)

IT CAN BE DONE, I am proof !

Okay so I dont know who you are transfering this money for but prepare for war in times of peace. Get some kind of agreement in writing or be prepared to write this off as a gift if you and this person have a falling out.
(my two cents ~ about what it is worth adjusted for inflation~)

Answer 2

Hello,

(ANS) YES! you can in theory, because it could be seen as another person is giving you funds, or it could be seen as a gift. Or it could be seen as a plain straight forwards payment.

**No! you cannot initiate the transfer the other person would have to do that, not you!! I think thats were the confusion comes in.

**Normally a balance transfer is between one personal account held by yourself to another account (held by yourself) even if it was with a different providor. It allows people to juggle funds between accounts & providors, normally if you were getting low on funds for example.

**But you cannot initiate the balance transfer the otherway around, you cannot transfer funds from someone else's account or card, as that would be seen as theft. It would be blocked or prevented anyway most likely.

IR

Answer 3

You will probably find this will be declined unless it's in your own name or a credit card cheque was written out from the empty account to the existing one for the amount

Answer 4

yes. i do that from my wife's account and she does it from mine. they are separate accounts with different companies and we move our money debt around to keep interest charges to a minimum

Answer 5

Sure, if you want to be audited.

Answer 6

No