03-14-2013 12:58 PM
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.
03-14-2013 01:08 PM
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?
03-14-2013 01:53 PM
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 :-)
03-14-2013 02:11 PM
But isn't the intro APR only for 6 months while the BT is for 18 months?
03-14-2013 02:13 PM
That's why you get a card with equal bt and purchase 0% apr periods!
03-14-2013 02:15 PM - edited 03-14-2013 02:16 PM
So Discover It isn't THE card for me then?
03-14-2013 02:16 PM
it would be if you had the 15 mos 0% on purchases and bts...
Chase Freedom has that :-)
03-14-2013 02:24 PM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.