Comments on: Can I pay a credit card bill with another credit card to get more points?

By: farrell h

farrell h — Thu, 07 Jan 2010 05:04:52 +0000

Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR’s. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.

Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don’t know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.

The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person’s credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr’s for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings. Read more from:

By: StephenWeinstein

StephenWeinstein — Tue, 05 Jan 2010 14:03:49 +0000

Most cards only give points or awards on purchases, and not on online bill payments. Otherwise, you could just keep using card A to pay card B and then card B to pay card A, every few days.

By: stultificare

stultificare — Sun, 03 Jan 2010 18:39:46 +0000

You generally can’t pay for credit with credit. You would need to do this as a balance transfer (or use a convenience check), which would probably incur a transfer fee.

It’s worth a call to your bank, however, to see if it can be done.

By: Credit Surgeon

Credit Surgeon — Sun, 03 Jan 2010 17:09:36 +0000

You would only want to do that if that credit card is 0% balance transfer. if not then you would want to keep both them open at a 35% balance to high credit limit. This will achieve a super high credit score along with 4 other factors. To find out the rest email me at.

By: bdancer222

bdancer222 — Fri, 01 Jan 2010 00:16:48 +0000

Might be considered a cash advance and you don’t get rewards for cash advances. Might even charge you a transfer fee.

By: Rick B

Rick B — Mon, 28 Dec 2009 20:49:44 +0000

Why don’t you go online and try it?!?!?!?!

If it accepts a credit card as a method of paymnet, the answer would be “yes”.

By: Kingofthehill1892

Kingofthehill1892 — Sat, 26 Dec 2009 18:36:31 +0000

probably. most places wont let you pay a credit card debt with another line of credit.