Can I transfer my daughter’s credit card balance to mine?
Can I transfer my daughter’s credit card balance to my credit card
Only you (the person taking on the balance) can request the transfer. The provider will not allow the other person to make the transfer. Taking on someone else's credit card debt is a risk.
Can I do a balance transfer to a credit card not in my name
The balance doesn't have to be in the consumer's name to qualify for a transfer, so if someone's new spouse has a high-interest credit card balance and they have excellent credit, a 0% APR balance transfer offer can pay off an old balance and help a couple start over together with lower debts.
Does transferring balances hurt your credit score
Balance transfers won't hurt your credit score directly, but applying for a new card could affect your credit in both good and bad ways. As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move in the long-term.
Can my parents pay my credit card bill
Yes, someone else can pay your credit card bill either through online banking or over the phone – at least, these are the easiest ways to do it. Alternatively, it is possible for someone to pay your credit card bill by sending a check via mail, or in person, by visiting a branch of the bank that issued the credit card.
Can you transfer someone else’s credit card balance to your credit card
You can transfer a balance from anyone's card, but you must remember that the balance then becomes your responsibility.
Can an authorized user transfer a balance
Authorized users vs.
For example, authorized users can charge money to your account, but they can't add other authorized users or dispute charges. They also can't request credit limit increases, transfer balances or close the account. In contrast, joint account holders can do all of those things and more.
How do I transfer money to someone else’s credit card
Go through the credit card website if you have the cardholder's credentials. To make a payment directly to the credit card, you'll need the username and password of the person whose bill you're paying. Credit card companies typically won't let you create an account except to pay your own active card.
Can I pay off someone else’s credit card
All of the major credit card issuers and companies allow you to make a payment to a different cardholder's account, and the process is consistent.
What is the downside of a balance transfer
A balance transfer generally isn't worth the cost or hassle if you can pay off your balance in three months or less. That's because balance transfers typically take at least one billing cycle to go through, and most credit cards charge balance transfer fees of 3% to 5% for moving debt.
Do balance transfers build credit
In some cases, a balance transfer can positively impact your credit scores and help you pay less interest on your debts in the long run. However, repeatedly opening new credit cards and transferring balances to them can damage your credit scores in the long run.
Can I pay off my son’s credit card with my credit card
The short answer is no, at least not in that way. Credit card issuers typically don't accept credit cards as a regular payment method. Rather, they generally request that you make your payment using your checking or savings account, or with cash or check at a local branch, ATM, over the phone or by mail.
Can I pay my sons credit card bill
There is no such restriction imposed that you cannot pay someone else's credit card bill.
Is it a good idea to transfer balance
A balance transfer credit card is an excellent way to refinance existing credit card debt, especially since credit card interest rates can go as high as 30%. By transferring your balance to a card with a 0% intro APR, you can quickly dodge mounting interest costs and give yourself repayment flexibility.
Does removing an authorized user hurt their credit score
For those who use an authorized user account to build up their credit history and don't have much of a track record with cards beyond that, removing yourself from an authorized user account would take a toll on the length of your credit history. This factor accounts for about 15 percent of your credit score.
Can authorized users withdraw money
“An authorized user is allowed to take whatever the primary holder's cash advance limit is.”
Can I pay someone else’s credit card with mine
If you use online banking to pay your bills, you can pay the credit card bill through your online account or mobile app. Simply add the name of the credit card company as a payee and include the account number of the person whose bill you want to pay.
Is transferring money between credit cards okay
Balance transfers can have downsides, starting with the fees you might pay to complete. Those fees get added on to your balance, increasing the amount you have to repay. A balance transfer may not save you money on interest if you're not able to pay the balance off before the end of your promotional period.
Is it illegal to use a credit card to pay off another credit card
The short answer is no. Credit card companies don't allow you to make minimum monthly payments, or to pay off an outstanding balance, with another credit card from a different company. Often, the fees for these types of transactions are too high for credit card companies to allow it.
Can I pay off my child’s debt
First, you should visit a credit counselor together and work out a plan for handling the debt with the child's own assets. Then you'll need to decide how much of the debt you are willing and able to pay off. More than likely, this will be a gift and not a loan.
What are the rules for balance transfers
After the card's issuer pays the original lender, you will owe the issuer of the card rather than your original lender. After you transfer a balance to a credit card, you will be responsible for paying at least the minimum amount required by the issuer each month. This amount will be listed on your monthly bill.