Discover It Balance Transfer Question

[cowboyguy]

My question is, can someone transfer balances to any other person's credit card? My husband is currently carrying some balances and I wanted to transfer his balances to the Discover It card I'm about to apply. In the online application under the balance transfer screen, it doesn't ask for the name of credit card holder. Rather, it just asks for the creditor's name, account number and amount.

[asteroidblues86]

It should work. I have not done so myself but from what others have posted here recently it has been done.

[cowboyguy]

Also, should I ask my husband to put a couple of big purchases on his card before I transfer the balance? I wanted to make most of it. If you're getting a 0% for 18 months, why not put a large amount, right?

[asteroidblues86]

It would be better to put the charges on the Discover card if it's 0% on new purchases. When you balance transfer existing balances there is a 3% fee added on.

[youngandcreditwrthy]

+1@asteroid...

what I will do a lot of times is...

use my 0% apr on purchases and toss my cash at whatever debt I'm trying to pay off..

you basically do a bt, but you avoid the fee :-)

[cowboyguy]

But isn't the intro APR only for 6 months while the BT is for 18 months?

[youngandcreditwrthy]

That's why you get a card with equal bt and purchase 0% apr periods!

[cowboyguy]

So Discover It isn't THE card for me then?

[youngandcreditwrthy]

it would be if you had the 15 mos 0% on purchases and bts...

Chase Freedom has that :-)

[cowboyguy]

Ok I'm gonna go for Freedom then.

The only thing concerning me is that my credit score will go down as a result of increased utilization.