BALANCE TRANSFERS ON CREDIT CARDS - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

BALANCE TRANSFERS ON CREDIT CARDS

£0.00 @
Just a quickie.. i was wondering if i can get a new credit card and balance transfer some of my brothers debt onto a new card in my name? Does any of you helpful peeps in finance know at all? Read More
KERMITZBITZ Avatar
7y, 2m agoPosted 7 years, 2 months ago
Just a quickie.. i was wondering if i can get a new credit card and balance transfer some of my brothers debt onto a new card in my name? Does any of you helpful peeps in finance know at all?
KERMITZBITZ Avatar
7y, 2m agoPosted 7 years, 2 months ago
Options

All Comments

(12) Jump to unreadPost a comment
Comments/page:
1 Like #1
yeah i think you can, my partner paid off my overdraft with his credit card and ive transfered money from my credit cards to his. if you do online banking with the card you can normally do it on the net.
#2
why cant he get one in his own name? i wouldnt transfer debt for anyone...i have a friend bought a ca fo his bro and they ended up at loggerheads cos he missed payments.
#3
plumberman01
why cant he get one in his own name? i wouldnt transfer debt for anyone...i have a friend bought a ca fo his bro and they ended up at loggerheads cos he missed payments.


hell would freeze over first.. luckily im from a family that trust each other and would not be looking to do one over on the other.
#4
pink-ka
yeah i think you can, my partner paid off my overdraft with his credit card and ive transfered money from my credit cards to his. if you do online banking with the card you can normally do it on the net.


thankyou pink... rep left :thumbsup:
1 Like #5
You would probably be better off to get a loan and pay off your Brothers Credit Card, then let him pay you back.

Using cash is very expensive on a Credit Card.
1 Like #6
I have done this for family and friends with no problems and if you get a low life of balance rate it's much better than a loan.
Be aware that you cannot transfer money with the same company even if it's in different names and also some have different names like virgin and mbna but are the same so again will not allow a transfer.
I would also set up to pay minimum payment each month if you forget they can remove any deal when opening your account like low interest on life of balance.
#7
KERMITZBITZ
hell would freeze over first.. luckily im from a family that trust each other and would not be looking to do one over on the other.


no wasnt implying that...apologies not making assumptions about you and your family:oops:

just that the bro in this case had financial problems hence lack of credit...and then couldnt make the payment as he didnt have funds...there was a good reason he couldnt get more credit.
#8
Inactive
You would probably be better off to get a loan and pay off your Brothers Credit Card, then let him pay you back.

Using cash is very expensive on a Credit Card.


Im going to use the santander zero card which doesnt charge you for a balance transfer... so basically a free loan for a year
#9
Sturty
I have done this for family and friends with no problems and if you get a low life of balance rate it's much better than a loan.
Be aware that you cannot transfer money with the same company even if it's in different names and also some have different names like virgin and mbna but are the same so again will not allow a transfer.
I would also set up to pay minimum payment each month if you forget they can remove any deal when opening your account like low interest on life of balance.


thanks Sturty rep left
#10
plumberman01
no wasnt implying that...apologies not making assumptions about you and your family:oops:

just that the bro in this case had financial problems hence lack of credit...and then couldnt make the payment as he didnt have funds...there was a good reason he couldnt get more credit.

wasnt taken in the wrong way fella.. :thumbsup:
#11
KERMITZBITZ
Im going to use the santander zero card which doesnt charge you for a balance transfer... so basically a free loan for a year


:thumbsup:
Fair enough, make 100% certain that it is paid on time and fully paid up in the 12 months otherwise you will get charged 27.9% APR.
1 Like #12
Inactive
:thumbsup:
Fair enough, make 100% certain that it is paid on time and fully paid up in the 12 months otherwise you will get charged 27.9% APR.


cheers... rep left

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!