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Balance transfer to someone else's card?

New Contributor

Balance transfer to someone else's card?

Just curious... is it possible to balance transfer a CC balance to someone else's card? For instance, could a friend transfer their balance to my card (obviously with the permission of everyone involved)?

Message 1 of 7
6 REPLIES
Senior Contributor

Re: Balance transfer to someone else's card?

i can't say that i have tried this with my friends, but i have tried it with my gf, & haven't had any problems.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 2 of 7
Established Contributor

Re: Balance transfer to someone else's card?

I think it does not matter whose account you pay with a BT to your card.  All they care about is that a credit card debt exists so they can route the payment there.  My husband and I have paid one another's accounts off via BT numerous times and I believe no information is ever requested about the account holder's name, just an account number and an address where the payment can be sent.

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Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Message 3 of 7
Established Contributor

Re: Balance transfer to someone else's card?

Someone with more expierience please correct me if I'm wrong, but I believe you can get a check made out to yourself as a balance transfer, and use it on whatever you want. 

When I called Citi about my new card, the rep I talked to was pushing their balance transfer offer on me, and she made it seem like I could either have them pay a creditor directly or they could send me a check. Sounds to me like that means they can essentially send me a blank check and I can make it out to myself and cash it....but I'm new to credit so I could very well be wrong here. 

 

But if that's the case, just get the check and deposit it to your account, then pay off the other card. Smiley Very Happy

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Message 4 of 7
Moderator Emeritus

Re: Balance transfer to someone else's card?


FloridaState12 wrote:

Someone with more expierience please correct me if I'm wrong, but I believe you can get a check made out to yourself as a balance transfer, and use it on whatever you want. 

When I called Citi about my new card, the rep I talked to was pushing their balance transfer offer on me, and she made it seem like I could either have them pay a creditor directly or they could send me a check. Sounds to me like that means they can essentially send me a blank check and I can make it out to myself and cash it....but I'm new to credit so I could very well be wrong here. 

 

But if that's the case, just get the check and deposit it to your account, then pay off the other card. Smiley Very Happy


Yes this is an option and you can also have it direct deposited into your checking. This is faster and how I do it.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

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Message 5 of 7
Established Contributor

Re: Balance transfer to someone else's card?


MarineVietVet wrote:

FloridaState12 wrote:

Someone with more expierience please correct me if I'm wrong, but I believe you can get a check made out to yourself as a balance transfer, and use it on whatever you want. 

When I called Citi about my new card, the rep I talked to was pushing their balance transfer offer on me, and she made it seem like I could either have them pay a creditor directly or they could send me a check. Sounds to me like that means they can essentially send me a blank check and I can make it out to myself and cash it....but I'm new to credit so I could very well be wrong here. 

 

But if that's the case, just get the check and deposit it to your account, then pay off the other card. Smiley Very Happy


Yes this is an option and you can also have it direct deposited into your checking. This is faster and how I do it.

 

 



Ah, thanks. That's how what I thought. So the OP should be able to do that...once it leaves the CCC they have no idea what you're going to spend it on, so it shouldn't be an issue paying off someone else's card. 

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Message 6 of 7
New Contributor

Re: Balance transfer to someone else's card?

Wow, so much I don't know about BT's! If you request a check/deposit to your bank account, how does the CCC know you're not just skirting a cash advance fee? Seems like one could ask for a BT that way then just spend the money.

 

Ah well, moot point in my case. Glad to hear that the card holder's names don't need to match for BT's to go through. Thanks for all the help, everybody.

Message 7 of 7