Balance Transfer To Another Person?

Can you balance transfer to another person?

We have in recent months, seen many credit card customers in the UK,  looking for an answer about making a balance transfer to another person.

The balance transfer to another person situation will often occur when one person has the outstanding balance on a card in their name. However another person, close to them, may well have the stronger credit rating. This can often make this other person more likely to be accepted for a new 0% balance transfer credit card.

The balance transfer to another person scenario, is most often seen with an unmarried couple or partners, with different names, living together. This couple may wish to make a balance transfer from one person to the other.

Can You Balance Transfer To Another Person?

Balance Transfer To Another Person

Some, but not all, credit card companies will allow a balance transfer to another person. These cards allow a balance transfer from people with different names.

When applying for a new balance transfer credit card, some of the online balance transfer forms do not ask for the name of the cardholder, that you are making the balance transfer from.

These online balance transfer forms simply ask for the name of the credit card, the 16 digit credit card number and the amount that you wish to balance transfer.

You are however often more likely to be asked for the cardholders name, when you apply to transfer the balance over the telephone, or in a bank branch.

Before You Balance Transfer To Another Person

So, from the above, you know that you can balance transfer to another individual. However, there is one big issue that you need to be aware of before you go ahead and make the balance transfer.

The issue to be aware of is the transfer of the liability of the debt.

If, for example, Miss Smith does a balance transfer to a credit card belonging to Mr Brown.  After the transfer Mr Brown is now responsible for all repayment of the outstanding amount. It will be Mr Brown’s credit rating at risk in the event of any non payment.

All of the following 0% balance transfer credit cards will allow an balance transfer to another person. These featured credit cards do not ask for the cardholders name when making a balance transfer request online.


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Card Offers

Balance Transfers:
0% for 25 months
Balance Transfer Fee:
2.85%
Purchases:
0% for 3 months
Representative APR:
21.9% APR (variable)
More Information

Card Details

HSBC Balance Transfer*
  • 0% interest for 25 months on balance transfers made within first 60 days of account opening
  • 2.85% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
More Information

Application Criteria

HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

Balance Transfers:
0% for up to 15 months
Balance Transfer Fee:
1.45%
Purchases:
0% for up to 15 months
Representative APR:
19.9% APR (variable)
More Information

Card Details

TSB Platinum Purchase
  • 0% interest for up to the first 15 months on balances transferred within first 90 days
  • 1.45% balance transfer fee during first 90 days, 3% fee applies afer 90 days
  • 0% interest on purchases for up to the first 15 months
  • Internet fraud protection and Clicksafe
  • Online card servicing
  • Annual Fee: None
More Information

Application Criteria

TSB Platinum Purchase
  • You are an existing TSB customer
  • You are not currently declared bankrupt, have CCJs or subject to IVA
  • You have a good credit rating and regular income
  • You are a UK resident
  • You are aged 18 or over
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.95% p.a. (variable)
No balance transfers allowed to this card from TSB credit cards

Card Offers

Balance Transfers:
0% for 24 months
Balance Transfer Fee:
3%
Purchases:
0% for 4 months
Representative APR:
20.6% APR (variable)
More Information

Card Details

Co-operative Bank Balance Transfer
  • 0% interest for 24 months for balance transfers made within 60 days
  • 3% balance transfer fee, minimum £5
  • 0% interest on purchases for 4 months from account opening
  • All successful applicants will receive this exact rate and offer
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Co-operative Bank Balance Transfer
  • Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
  • You are a UK resident
  • You have annual income of £10,000 or more
  • You are aged 18 or over
More Information
Only available to Co-operative Bank customers
Representative Example: 20.6% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.6% p.a. (variable)
No balance transfers allowed to this card from Co-operative credit cards

Card Offers

Balance Transfers:
0% for 18 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 18 months
Representative APR:
22.9% APR (variable)
More Information

Card Details

HSBC Purchase Plus*
  • 0% interest for 18 months on balance transfers made within first 60 days of account opening
  • 2.9% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
More Information

Application Criteria

HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 22.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Some of the questions we have seen recently related to this balance transfer to another person question include:-

  • Can you balance transfer another person’s credit card?
  • Can I transfer a credit card balance to another person?
  • Balance transfer different name?
  • Can you balance transfer from one person to another?
  • Can you balance transfer a credit card from another person

So in summary, yes you can do a balance transfer to another individual. This is provided, that you understand, and are happy with the issue of the debt transfer to yourself.

It is your legal responsibility, for all of the monthly repayments, once that debt has being transferred into your name.


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