Is it possible to transfer a credit card balance in one person's name on to someone else's credit card?

[Trazzletoes]

Just wondering if this is possible, really. I would like to do it due to a more favourable interest rate but don't know if it's allowed, possible, legal... Or if the credit card companies won't care if they get their money.

Thanks.

Yes. DH and I often transfer balances between our cards to keep them at 0%

Yes. A credit card transfer is just a payment by one company to the other. So if you transfer £1000 from card X to card Y, company Y pays company X £1000 (oversimplified, but that's how it looks to you). Then company Y charges you a % or fee or both for the privilege and adds it to the debt they now hold. So company Y doesn't need to know anything other than card X number.

It's not a problem to transfer a balance in one persons name to another but you can't do inter-company transfers ie if your debt is with barclays you can't transfer to you DH's barclaycard- this also applies to group of companies like Natwest/ RBS or Halifax/ bank of Scotland.

Thank you all. That's really helpful to know. Have made sure it's a completely different company so hopefully should be ok. So long obscene interest rate!