answersLogoWhite

0

Some credit cards allow you to transfer someone else's balance, but it depends on the specific terms and conditions of the card.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Continue Learning about Finance

What is the purpose of a balance transfer offer?

The purpose of a balance transfer is to transfer balance. Many credit card companies allow the transfer of balance from one card to another. That is a balance transfer.


Do most credit card companies allow one to transfer their balance from one card to another?

Yes, most credit card companies will allow one to transfer their balance form one card to another. However, this is not always a wise decision since the transaction will appear on the statement to the credit card company.


What are some of the main credit cards that allow balance transfers?

There are many options available for those looking for credit cards that can balance transfers. Visa and MasterCard both offer balance transfer cards through many different institutions.


What is the purpose of 0 credit card deals?

The purpose of the 0 credit card deals is to allow customers to pay 0% interest on balance transfers. This allows one to transfer the balance between cards and consolidate payments.


What benefits are offered by the balance credit cards?

Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.

Related Questions

What is the purpose of a balance transfer offer?

The purpose of a balance transfer is to transfer balance. Many credit card companies allow the transfer of balance from one card to another. That is a balance transfer.


Do most credit card companies allow one to transfer their balance from one card to another?

Yes, most credit card companies will allow one to transfer their balance form one card to another. However, this is not always a wise decision since the transaction will appear on the statement to the credit card company.


What are some of the main credit cards that allow balance transfers?

There are many options available for those looking for credit cards that can balance transfers. Visa and MasterCard both offer balance transfer cards through many different institutions.


What is the purpose of 0 credit card deals?

The purpose of the 0 credit card deals is to allow customers to pay 0% interest on balance transfers. This allows one to transfer the balance between cards and consolidate payments.


Can my business transfer the balance of a corporate credit card to a card with a different provider?

Yes, many places will allow you to transfer your credit card. You won't be able to find anywhere that does this without fees unless you manage to find a place with a promotional offer.


What benefits are offered by the balance credit cards?

Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.


What are some good 0 balance transfer sites?

Some good 0 balance transfer sites are NerdWallet and Money Savers. These sites will allow one to transfer their account balance of one card to another card at no cost.


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

I believe Citicard allows this


How can I transfer my debt to another person?

Transferring your debt to another person typically involves a process called debt assumption or balance transfer. This can be done by contacting your creditor to see if they allow debt transfers, or by using a balance transfer credit card. Keep in mind that transferring debt does not eliminate your responsibility to repay it, and the new person will need to agree to take on the debt.


Does Bank of America allow balance transfers?

Bank of America does allow balance transfers. There is a transfer fee which is typically 4% of the transaction amount. Balance transfers can be performed over the phone, or online.


How does one compare Balance Transfers?

The company Money Super Market offers an extensive list of many credit cards that allow balance transfers. There are even a few cards that offer a 0% balance transfer rate. Before you transfer your balance you should research the cards you are interested as they may have higher fees than your current card or their fees may increase over a certain time period.


In case of a low balance many ATMs allow you to?

transfer funds between accounts