10 Replies to “Can I pay one Credit Card bill from another Credit Card? Will there be any issues if the bank differs?”


  1. People do it all the time.
    If you mean completely pay off credit card X with credit card Y. If you are just robbing Paul to pay Peter, that isn’t the best idea.

    If you are just transferring balances in order to take advantage of a good APR, that’s what a lot of people do, and it’s a good idea.


  2. Its definitely possible.. Its what is called a balance transfer. call the company with the lower interest rate or APR, and initiate a balance transfer (BT) over the phone or try the banks website for mare info. Now there maybe fees associated so make sure you get all the info, like time needed to transfer, if its electronic or via check, and if you do decide to call, keep the cards handy and stmts for bank addresses


  3. If you have not fully utilized the credit limit, then you can use the balance credit to transfer money from that card to another credit card. This is known as Balance Transfer, the balance transfer can be done in online or offline(by means of a cheque drawn in favour of the other credit card bank). There may be options like 0% interest for 2 months with 2% processing charge or 1.7% for 6 months without any processing charge. This way, we need not pay 3.5% monthly interest on the balance.


  4. your overall debt will increase, not decrease and you will be paying probably 20-30% on the money you are “borrowing” from the one card to pay teh other card.

    this will only get worse if you start using debt to pay debt.
    you should cut up your cards immediately and stop using them if you are already that far out of control with your debt


  5. You can do a balance transfer if they are different banks. Chase has thousands for example, so you need to look at the bottom of the card’s back to verify.

    If you have a lower interest rate on one card that would be advisable only if the APR was very low and the balance transfer fee is reasonable. The chances of this are really slim now though. In ’97 zero bounces were common because new accounts were almost always zero APR with no fee.


  6. No matter for credit card payment from another credit card. In simple Words company need a money So no Issues will be opened in these type of transactions.



  7. Paying one credit card with another credit card would be considered a “cash advance” which usually has an upfront fee of 3 to 5%, plus interest starts immediately at a usually higher rate than purchases (unless you have a special “balance transfer” teaser interest rate). So that would usually increase your debt and interest rate unless you have a special deal to make that worthwhile.

    If you find yourself in a position of having to use a credit card to pay a credit card, that is a bad sign that you are already using too much credit and digging yourself into a deeper hole.


  8. Absolutely! It’s called a balance transfer, and people do it all the time. If you’re doing this because you don’t have the money to pay your credit card bill, then you’re headed for trouble and need to get help very soon.

    The other reason for doing it (and I hope it’s this one that applies to you) is to shift credit card balances on to another one with a lower interest rate. If you’re serious about paying off all your debts, find a credit card with 0 % interest on balance transfers, for the longest time possible. In the UK Virgin & HSBC both do 15 months at 0%. After 15 months they go on to quite high interest rates, so either make sure you’ve paid it off, or transfer the balance on to another 0% offer. This is called ‘stoozing’. Normally you do need a good credit rating for these cards.

    If you have a poorer credit rating and think it’ll take you years to pay off your debts, just find a credit card/loan with a permanently low APR. You’ll still pay interest but it’ll be much lower than what you’re currently paying.

    Once you’ve transferred the balance CUT UP YOUR OLD CREDIT CARDS, and close the account, or it’ll be too tempting to spend on them again. Preferably cut up the card on your new account as well (unless your balance transfers take you up to your limit, in which case you won’t be able to use it anyway)

    One last thing – if (like me) you have an ’emergency’ credit card for large, unexpected bills; keep it at home, or leave it with a trusted friend/family member. That way you won’t be tempted.

    Hope this helps – good luck.





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