topic Re: Discover It Balance Transfer Question in Credit Cards

Discover It Balance Transfer Question

Anonymous — Thu, 14 Mar 2013 19:58:50 GMT

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.

Re: Discover It Balance Transfer Question

asteroidblues86 — Thu, 14 Mar 2013 20:04:12 GMT

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

Re: Discover It Balance Transfer Question

Anonymous — Thu, 14 Mar 2013 20:08:21 GMT

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?

Re: Discover It Balance Transfer Question

asteroidblues86 — Thu, 14 Mar 2013 20:45:29 GMT

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.

Re: Discover It Balance Transfer Question

youngandcreditwrthy — Thu, 14 Mar 2013 20:53:39 GMT

+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 :-)

Re: Discover It Balance Transfer Question

Anonymous — Thu, 14 Mar 2013 21:11:55 GMT

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

Re: Discover It Balance Transfer Question

youngandcreditwrthy — Thu, 14 Mar 2013 21:13:49 GMT

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

Re: Discover It Balance Transfer Question

Anonymous — Thu, 14 Mar 2013 21:16:17 GMT

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

Re: Discover It Balance Transfer Question

youngandcreditwrthy — Thu, 14 Mar 2013 21:16:51 GMT

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

Chase Freedom has that :-)

Re: Discover It Balance Transfer Question

Anonymous — Thu, 14 Mar 2013 21:24:25 GMT

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.

Re: Discover It Balance Transfer Question

youngandcreditwrthy — Thu, 14 Mar 2013 21:33:30 GMT

Well, util shouldnt affect you if you open a new line.. should decrease util really...

there is a card with no bt fees..

Chase Slate has no BT fees, but it also doesn't have rewards

If you pay your current debt with cash, rack up new debt on Chase @0% and use the 5% categories, you should make out like a bandit!!

Re: Discover It Balance Transfer Question

Anonymous — Thu, 14 Mar 2013 21:36:23 GMT

By "Chase", you mean Chase Freedom?

Re: Discover It Balance Transfer Question

boomhower — Thu, 14 Mar 2013 21:51:50 GMT

Citi Simplicity is 0% for 18 months on purchases and balance transfers right not but no rewards, just depends on whats more important.

Re: Discover It Balance Transfer Question

youngandcreditwrthy — Thu, 14 Mar 2013 23:26:19 GMT

Citi is hard to get boomhower!!!

I got denied even with a sold 700 FICO

Yeah cowboyguy! I meant Chase Freedom haha!
What's the amount your looking to pay down?
I got a Chase Freedom w a $5k cl on recon.
Avoid Citi if you can, they are not recon friendly.