Q:

Are reward card balances transferable to other reward card holders?

A:

Quick Answer

It is possible to transfer reward card balances to other reward cards held by the same person, but generally a transfer to another personis not allowed. If this is allowed, the reward cardwill normally have a higher limit to reach for points and a higher interest rate.

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Are reward card balances transferable to other reward card holders?
Credit: osseous CC-BY 2.0

Full Answer

The company may also put a ceiling or a timed hold on the points the card can earn and not allow them to earn points, based on what Credit Card Balance Transfer Offers suggests.

This also depends on if the cardholder is trying to transfer to a rewards card within the same company and if the person being transferred to already has a rewards card. A company may let rewards be transferred to another person as long as both people already have an established line of credit in the same company, according to Mr. Credit Card. This might happen if the company knows the person receiving the transfer will spend more money on being able to reach a certain goal in order to match the points received. Some card companies will also allow this if the receiver of the points is a spouse or family member of the one transferring the points.

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