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.