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No unless the primary gives the secondary permission too

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โˆ™ 2005-12-17 16:28:01
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Q: Can the secondary card holder on a credit card account transfer credit card balances to a new card?
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What is the typical procedure to transfer balances on credit cards?

You can use their website but you should first sign up for an account. You can also call the company to transfer balance.


Which credit cards offer 0 transfer balances?

Both Visa and Discover offer credit cards with 0 transfer balances. However, these cards are not standard and you will have to apply for the specific card with 0 transfer balance.


Which accounts normally have credit balances?

All liabilities as well as sales account has credit balance as normal accounting balances.


What is the purpose of 0 interest credit card transfer balances?

Zero interest credit card transfer balances allows a person to transfer the outstanding debt (as long as it is within the limit) to another credit card without incuring any new interest.


Do revenues have a credit or debit balances?

Revenue is an Owners Equity account therefore has a Credit Balance:


What is the purpose of a balance transfer credit card?

A balance transfer credit card is used to transfer your balance from one account (such as your personal account) to another account (such as a business account). This is the quick, hassle free way to move your money around.


How can one transfer credit card balances?

One may transfer credit card balances by filling out a special form that is provided by the credit supplier. This is sometimes a good way to help a credit score but one must read the fine print to ensure they will not be paying a higher interest rate.


What benefits does the Juniper credit card offer?

Juniper credit cards offer a few different benefits. These benefits include online track account activity, make payments, transfer balances and more online.


Which credit card companies allow you to transfer balances from another person's credit card?

I believe Citicard allows this


When I transfer money with my credit card what do you see on my credit card account?

no


If you transfer all your credit card balances into one account would that affect your credit score negatively?

It may. Credit scores are based on ALL the information showing in your credit report at the time they are calculated. So any change, including balance transfers can impact your score.


What does chase balance transfer stand for?

A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.


How can you transfer money from your fnb gold credit card budget account to your straight account?

You can transfer money from your fhb gold credit card budget straight to your bank account by initiating a wire transfer. It will take several hours, and you will need the routing number and account number handy.


What is a credit transfer?

A credit transfer is a method of settling a debt by transferring money through a bank or post office, especially for those who do not have cheque accounts. It's the transfer of money from one account to another account, basically.


Will continuing to transfer balances to new credit cards when the 0 percent apr expires affect your credit?

The interest rate, payment amount, items purchased, transfers are among factors which have no bearing on your credit. These things may affect your bottom line, but your credit score reflects other activities. For instance, opening a new credit card would generate an inquiry which MAY impact your score. Having a new account MAY impact your score. The proportionate balance on the new account MAY impact the score, (ie., you transfer a $2000 balance from an account with a $10,000 credit limit to an account with a $2500 limit). All of the factors, including what you are paying in interest rates, transfer fees and how this activity affects your credit need to be taken into consideration before you open a new account.


What does transferring credit card balance to new card do to credit?

Generally, after two (2) months, the balance transfer from one card to another only minorly impacts one's credit. The key is the additional or new account and the utilization of the line on the account. If you transfer a balance to a NEW account as part of the application/onboarding process, your credit score will be reduced. If you transfer a balance to an EXISTING account that you don't use regularly, your credit score will be reduced. If you transfer a balance to an EXISTING account that you use on a regular basis, your credit score will either remain the same or be reduced.


Which account decreases when debit?

All those accounts decreases with debit which normal or default balances are credit for example all liabilities or incomes are decreased with debits because their default balances are credit balance.


Who is able to do balance transfer?

A balance transfer is done by the credit card company. If you want to transfer all of your balances to one card, you must apply for it, and once approved the credit card company will contact the companies of the cards you want transferred.


Can you do a balance transfer from someone else's credit card?

Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.


What is a balance transfer credit card?

A credit card balance transfer happens when on person opens a new credit account in a different company and use it to pay off the debt in his or her old credit card.


What exactly is a credit transfer?

A credit transfer can have a few meanings. A credit transfer can refer to funds being transferred from one account to another, or it could relate to granting credits to a student who has completed studies at another school.


Does owners equity account balances in the credit side?

Yes. Owner's Equity is a credit and typically displays on the right side of a balance sheet.


What is the difference between free credit report and credit score?

A free credit report is a list of your debt history. It shows all of your personal information, creditors, account balances, and paid-off balances. A credit score is basically just a rating given to you by credit card companies to show your standing with them.


Is a secondary credit card holder resposible for debt?

Depends on what "Type" of Credit Holder you are. Here is how that will go: If you are what is known as an authorized user on the account. (i.e. - The Primary account holder has given you permission to make charges on the account), the answer is No. The primary account holder is responsible for any charges he/she has allowed you to make on the account. If you are a Secondary account holder (i.e. -your name was put on the account APPLICATION at the time the card was applied for), then your answer is YES. If the Primary account holder defaults on the account, then the credit card company will turn to try and collect from the Secondary account holder. BEWARE of becoming a secondary holder on anything that has to do with credit. If you know that the Primary holder may default, you could get stuck with a huge amount of debt on your hands, and if you can't pay, your nice credit score of 783 could very quickly go down the drain to 535 or lower.


How do you balance transfer from one credit card to another?

In order to transfer your balance from one credit card to another, it is best to first review all of your credit cards, their limits, how much you owe, and various benefits of each card. Then, transfer higher rate balances to cards with lower rates.