I have two credit card balances that I want to transfer onto my husband's credit card? Can this be done?

Question

My credit cards are in my name only and his are in his name only.

Answer 1

Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR's. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.

Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don't know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.

The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings.

When you decide for a balance transfer it doesn't mean that your obligation for payments towards your outstanding balances with the existing credit card company cease to exist. You will have to pay the credit card company all the monthly payments. One way you can save money is to just send the monthly minimum payments to the existing credit card company. This way you won't default and invite penalty. Read more from: http://www.credit-card-gallery.com/credit_card_balance_transfer.html

Answer 2

If his card's bank has that facility, yes you can.

Normally they only allow this because they want your business (and the potential for earning interest from you) so I am not sure if they will allow this is if your card and his card are from the same bank.

If not, then you can always apply for a new card in another bank and transfer everything into it. ^_^

Answer 3

He could get a balance transfer to pay yours off.

Answer 4

You can do this, however, you need to be an authorized user of his card, and I believe he needs to consent to it as well with his bank.

Once that is done, they should transfer it without issue.

Answer 5

ha ha you thinking of leaving him. i would just do it. ask for a balance transfer.

Answer 6

you mean without his knowledge? WTF? that's fraud. is this a game to you?