Balance Transfers - from one account holder to another

dw121212 on 08/10/2014 - 10:27

My wife and I have been jugling a few thosand dollars on free balance transfers for a while. we could pay it off, but why not keep it going? Do you think It is possibleto balance transfer from my new CC to my wife's account, essentially I would take her debt. And we would have one less card worry about

Financial

Comments

  • trungtily on 08/10/2014 - 11:03
    +1

    hi,

    I have been doing the same thing: balance transfer between different CC (most recently with ANZ offers). So far, they haven't asked about the account holder of the CC debt source. All they need was the Bpay and account reference number to pay off the CC debt source.

    Hope this would help

  • dimes on 08/10/2014 - 22:33
    +1

    I think it affects your credit rating in the long run.

  • dw121212 on 09/10/2014 - 22:19

    It won't affect you credit rating, so long as you do it reasonably once every 6 to 12 months is fine.

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