Can you use a credit card to pay off another credit card Reddit?
No, you typically cannot simply pay your balance using another card, they generally require a transfer from a bank account for that.
Can I clear a credit card with another credit card?
Paying your credit card bill with another credit card in an instant, fee-free way generally isn’t possible. … But there’s at least one way you could potentially use one card to pay off another and come out ahead: You could do a balance transfer, essentially moving debt from one card to another.
Is it illegal to pay one credit card with another?
Typically, you can’t simply pay your credit card bill with another card as if you were paying your utility or phone bill. Credit card companies don’t usually accept credit cards as a regular form of payment, in part because it opens the door for debt to revolve through your accounts in an infinite loop.
How do I pay my credit card outstanding from another credit card?
There are three methods by which you could use your credit card to pay another credit card’s bill.
- Through Cash. Withdraw money from ATM for the credit card you want to make the payment with. …
- Through e-wallet. Transfer the money to an e-wallet from the credit card you want to make the payment with. …
- Through Balance Transfer.
Why can’t you pay a credit card with a credit card Reddit?
You can’t pay off a credit card with another credit card, you can only transfer the balances from one to another. Balance transfers don’t count towards award points or anything like that.
Can you pay next account off with a credit card?
It’s really easy and handy to pay your Next Pay Account in a Next store. Just go to any checkout and they will find your account. You can pay your account with Credit/Debit cards, cash or Next gift cards only.
Is it better to pay off one credit card or reduce the balances on two for credit score?
The snowball method suggests that when you’re paying off multiple credit cards, it’s best to pay off the card with the smallest balance first before moving on to the next smallest and so on. The idea is to pay as much as you can towards the smallest debt while sticking to the minimum payment for the remaining cards.
Can I pay my credit card monthly payment with another credit card?
You Can’t Pay Your Monthly Bill With Another Credit Card
Although you can request a balance transfer from one card to another, you can’t make your monthly payment on one card with a different one.
Is it bad to pay your credit card twice a month?
By making multiple credit card payments, it becomes easier to budget for larger payments. If you simply split your minimum payment in two and pay it twice a month, it won’t have a big impact on your balance. But if you make the minimum payment twice a month, you will pay down your debt much more quickly.
Is credit card kiting illegal?
People frequently resort to kiting when they become overextended financially. They will get a cash advance from one card and use the funds to pay another card. Then, they will do the same thing the following month. Kiting is illegal and is a federal offense.
Can you use a credit card to buy a car?
While it may be unconventional to the average consumer, there is nothing that legally prevents you from buying a car with a credit card. As long as your credit limit is high enough, you can put down a down payment or even a complete purchase with enough available credit.