Transfering cr card balance to new person

A

acf

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Is it possible to transfer a credit card balance to a new credit card under a different name? I am planning to get a new credit card and want to transfer my husbands balance onto it
 
would bank give you an account in joint names and transfer both balances to one card? are balances high? No harm asking bank anyway
 
chlipps said:
would bank give you an account in joint names and transfer both balances to one card? are balances high? No harm asking bank anyway
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A credit card account can't be held 'jointly' - you can have an authorised user (person gets their own card on your account) but you are the one responsible for any debts they run up.

So in response to the OP, unlikely.
 
Yes it's possible and I did it about three weeks ago. Transferred my partner's balance on an MBNA card (interest rate went to 24% despite making all payments) onto my TSB ICE card. They weren't sure about it and had to check and get back to me but it went through no problem and I even got 6months interest free on it. Screw you MBNA.
Good luck
K
 
PTSB are slightly different to the other card issuers on the market as additional cardholders are co-applicants (are jointly responsible for the debt on the card) whereas all the other issuers issue additional users as authorised users (debt is the responsibility of the primary cardholder)
 
Blackberry said:
PTSB are slightly different to the other card issuers on the market as additional cardholders are co-applicants (are jointly responsible for the debt on the card) whereas all the other issuers issue additional users as authorised users (debt is the responsibility of the primary cardholder)
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Hypothetically:

Say a parent names a child ( say a child aged 18 in college) as an additional card holder. Subsequently the parent dies while the child has gone mad with grief and is buying a car and a round the world trip using the parents card, then who is responsible for the debt if the primary card holder leaves no assets behind ?
 
Blackberry said:
PTSB are slightly different to the other card issuers on the market as additional cardholders are co-applicants (are jointly responsible for the debt on the card) whereas all the other issuers issue additional users as authorised users (debt is the responsibility of the primary cardholder)
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My partner is not a co-applicant. The PTSB ICE Visa account and card are in my name only.
 
bullworth said:
Hypothetically:

Say a parent names a child ( say a child aged 18 in college) as an additional card holder. Subsequently the parent dies while the child has gone mad with grief and is buying a car and a round the world trip using the parents card, then who is responsible for the debt if the primary card holder leaves no assets behind ?
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The estate of the deceased will become liable for the outstanding balance on the card.
 
Blackberry said:
The estate of the deceased will become liable for the outstanding balance on the card.
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what happens if theres no estate remaining to speak of ? its a green light for the second named person on the card to rack up bills of 20k ?
 
Talk about a hypothetical case....... In theory yes, however in practice it doesn't happen.

A block is placed on the card once notified of death.
 
I thought personal unsecured debt such as a credit card died with you ?

Blackberry said:
Talk about a hypothetical case....... In theory yes, however in practice it doesn't happen.

A block is placed on the card once notified of death.
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Yes I know its hypothetical which is why I had no practical answer however it could happen . Suppose notice of death does'nt arrive immediately and the card is used after the death occurs ?
 
The Card Issuer will only clsoe the card upon receipt of a death certificate. If the card is used, the card is used.
 
Yes I was able to transfer balances on to an interest free mbna card from halifax. Between my husband and myself we transferred part from each card onto two new cards but from the other person (if that makes sense) to take account of the original debt and new credit limits. There were no questions asked.

This way I got 6 months interest free with halifax and I'm half way through the 10 months interest free with mbna. Debt is going down nicely and should be a lot more manageable when 10 months is up. May have to do one more move, say b of i clear card 6 months interest free to clear the balance totally.
 
ali said:
Yes I was able to transfer balances on to an interest free mbna card from halifax. Between my husband and myself we transferred part from each card onto two new cards but from the other person (if that makes sense) to take account of the original debt and new credit limits. There were no questions asked.

This way I got 6 months interest free with halifax and I'm half way through the 10 months interest free with mbna. Debt is going down nicely and should be a lot more manageable when 10 months is up. May have to do one more move, say b of i clear card 6 months interest free to clear the balance totally.
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It's a pity more people don't adopt this sensible approach to managing credt card debt.

One thing to keep in mind for people who continue to use the card to make purchases, the payment routines usually will first of all allocate any payment to reduce the balance transfer and then against other purchases etc., which means that new purchases will attract full rate interest. (There are some exceptions to this rule)
 
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