Have you ever wondered if you can pay a credit card bill you already have by using another credit card?
Well, the answer is yes! It is very possible to do and through many different ways.
Credit Cards are cards you use to pay for or buy anything when you do not have the money available in your bank account.
It is simply like you are borrowing the money from the bank and you will have to give it back later as the money is not yours in the first place.
In this article, we will walk you through: Can You Pay Credit Card with Credit Card.
Can You Pay Credit Card with Credit Card: Overview
Credit Cards use money you do not have in your own bank account, it is like borrowing money to buy or pay for anything and you will have to repay it later.
There is “Build Credit History” feature when you use a credit card. Interest rates should be paid if you are late in giving the money you borrowed back.
When you use your credit card, you can be limited for any fraudulent purchases. There are fees when you use your credit cards, like: late repayment fees and foreign transactions fees.
Credit Cards help you have good credit history and credit score. You can enjoy cash back rewards when you use a credit card.
Credit Cards are great when you have an emergency and you do not have any money in your account or on you.
Can You Pay Credit Card with Credit Card: How-To
1. Advance Cash:
The first method to consider is advance cash! With this, you can take money from your credit card, deposit it in your bank account and then use it for paying for your credit card.
This method is known for being the most expensive as it requires paying fees and interest rates.
2. Balance Transfer:
Second method you can try is balance transfer. You can transfer a certain amount from one card to another.
This also might have transfer fees and interest rates included. So, we recommend you check all rules and regulations before you start this action.
Can You Pay Credit Card with Credit Card: Advantages
1. You can save interest fees if you are transferring money to an Annual Percentage Rate (APR) credit card which is beneficial for you.
2. It is always better to manage one card and not multiple, so when you pay your other cards and stick to using one, it will be much easier and better for you to use and manage.
Managing credit cards can be a hard thing to do. It is always best to consult financial advisors or bank officers who can help you always navigate your way.
If you were always wondering if you can pay credit card with credit card, we have walked you through it in this article.
We hope you find all the details good and useful.
