Credit card balance transfer?

Question

My Fiance has a credit card in her name, I also have the same card, but I am not the primary card holder. Is it possible for me to sign up for a credit card and transfer the balance of the other card to it, or does she have to be the one who is the primary card holder on the new card for the balance transfer to work?

Answer 1

The person requesting the transfer is the one who has to be the account holder. You can transfer her balance to your card. She can transfer your balance to her card. But you can't transfer your balance to a card you do not sign on, which is to say, you can't put your balance on someone else's card without their permission/signature. Or else, I would put my balance on your card!

Answer 2

The credit card company doesn't care where the balance is being transfered from. As long as you're the primary account holder of the new account you want to transfer the balance to, you should have no problem.

Answer 3

There is nothing inherently harmful with transferring balances from one credit card to another. Your credit score can be negatively impacted by inquiries which are generated when you open new accounts, the length of time accounts have been established, and the balance to credit limit ratio. Credit score risk indicators factor these issues, giving history (meaning what has taken place on an account within the past 12 months) a full 35%. You can see how not even having an account for 12 months makes it appear "new" as far as credit scores. Ideally, to build high credit scores, all consumers need to have 2 to 4 revolving accounts. These accounts need to be established early and never closed. They need to be charged on every month, ALWAYS paid on time, and the balances kept below 30% of whatever the credit limit is. I strongly recommend to all my clients to use their credit cards to build their credit scores ONLY (making only nominal charges on them monthly, like a tank of gas). Use a debit card for your regular purchases, shopping, anything else.
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Answer 4

Call the credit card co first and ask this question. Some will ask to have the other acct holder's name as secondary on your NEW account. Others don't care. After asking many of them who say doesn't matter, found it does matter and will not do the transfer unless in SAME ACCOUNT HOLDER NAME ON BOTH ACCOUNTS. Good luck!

Answer 5

If you have access to the payment information on line or if you get her statements each month, YOU CAN TRANSFER THE BALANCE. If you call the cc company and ask for them to send you courtesy checks, you can use them like a regular check (made out to anyone and signed by you since you are an authorized user).
Be sure to ask about rates as some cc companies charge a fee that is higher to do this!

Answer 6

Pay off your credit cards and get rid of them. Why are you paying that outrageous interest? Credit cards are a ripoff. They are causing millions of Americans to go into debt, pay usurious interest, and even go into bankruptcy.

You should never go into debt, other than for the purchase of a house. I know that this is not the way most people manage their money, but I am speaking from experience. If I don't have the money for something that I want, I can't afford it. It's as simple as that.

It's much better to put money in the bank each payday, rather than paying off credit card bills.

Answer 7

You can be a secondary person on her card and transfer the balances then

Answer 8

You have a supplimentry card arn't you?? It is another job of you no need to get it joint with her,, Yes with your consent,, and hers plus the bank

Answer 9

The banks don't care who owns the account.

Answer 10

Yes!