Balance Transfer Credit Cards

How to Pay Your Credit Card Bill With Another Credit Card

If you’re in a crunch, your burning question may be “can you pay a credit card with another credit card”? As an entrepreneur, there are times you may need to keep your extra cash. It’s not as ridiculous as it may sound to want to pay off debt by simply shifting it to another debt option. It’s a temporary solution. Still, it could give some short term relief until you find a permanent debt solution. The answer to this question really depends on what you mean by payment.

can you pay a credit card with another credit card


Monthly Credit Card Payments

No. You can’t make a phone call or go online and make a monthly payment with a credit card. In fact, some companies have only recently relaxed their standards. They will allow debit card payments for a credit card. If you’re looking to key in your credit card number, you’re out of luck. As aggressive as collectors are, they won’t even accept a credit card payment if you fall behind.

People may assume creditors say no to can you pay a credit card with another credit card for the consumer’s benefit. That may be the case in some circumstances. For the most part, credit card companies want to protect their own interests. Anyone who accepts credit cards must pay merchant fees for each transaction. At around 2% each, credit card transaction fees are much higher than bank drafts.

Credit card companies also want to protect their reward process. Think about if customers could make minimum credit card payments with other credit cards. It would show as a purchase just like other acceptable bill payments. When you pay a cell phone or cable bill, you get rewards for that. Companies like Capital One even a lump sum to new cardholders. They have to spend a certain amount within the first three months. A credit card with cash back terms would allow it. Without the no credit card payment rule, customers could shift payments and rack up on rewards.

The Alternatives

If you can’t make a payment the regular way, how can you pay a credit card with another credit card? The most common suggestion is to pay with cash from the credit card. You can do this by getting a cash advance. Technically, you’re not paying the credit card with a credit card. You’re just using it to get the money and make a payment.There are several drawbacks to using cash advances.

A cash advance is an expensive way to make a credit card payment. Fees start off at $10, but can get much higher depending on the amount. Most companies charge 5% or the greater of that and the $10. That doesn’t include the interest rate. That averages at 24% and can get up to almost 40%. Given what you’ll pay for it, it’s rare that a cash advance makes sense.


Payments Through Reward Dollars

The closest way to get a yes to the question, “can you pay a credit card with another credit card” is through reward dollars. You technically earned the dollars from the credit card. The credit card is also how you access them. Some cards give you rewards for buying groceries, gas, or anything. Average rewards are around 1.5% on transactions. Those rewards can add up after some time making purchases.

You can redeem your rewards for cash with a simple request online. The creditor will either send you a check or deposit the money into your bank account. From there you can use the funds to pay your bill or buy anything you want. Many companies also give you the option to use rewards toward your credit card payment. That way you won’t need an account deposit just to return the money to the credit card company.


Paying Off a Credit Card With Another Credit Card

Though you still can’t directly use your credit card, you can use other solutions to pay the partial or full balance on your card. These options are more affordable than a cash advance. They can also save you money over time if you set them up right and make timely payments. Balance transfers give you a flexible option to make a large credit card payment.


Balance Transfers

Many credit cards offer balance transfers, but not all have a good rate. To make the most of the balance transfer, try to find an offer with a low annual percentage rate. Some offer a 0% introductory APR for the first year. Pay attention to the difference in the APR amounts. You should see a standard APR and another APR for balance transfers. You’ll also have a one-time transfer fee somewhere between 3 and 5%.

If you have good credit and go with a good company, you could find an offer without the transfer fee. Just pay attention to all the rules and fine print before you make any decisions. Some companies don’t allow transfers between cards from the same bank. For instance, you may not be able to use one Citibank credit card to transfer the balance from another Citibank card.


Paying a Credit Card with a Partial Balance Transfer

Most people use balance transfers to pay the full balance on their credit card. Though it’s the most common strategy, it isn’t the only option. You can still use a balance transfer to pay off a big chunk or lower the total balance. Many companies allow partial balance transfers.

A partial transfer could help you get below the 30-50% mark that financial experts recommend for credit usage. To make the most of your balance transfer, you should also pay the balance within the low interest period. Otherwise, your APR could skyrocket and land you back where you started.


Can You Pay a Credit Card with Another Credit Card

The short answer is no, but that doesn’t leave you hopeless. You do have options to get your credit card paid, which is the ultimate goal. Cash advances are pricey and you won’t always have reward points. The most reasonable option is to take advantage of a balance transfer credit card.


Compare Top Balance Transfer Credit Cards

Are you looking for a way to pay off your credit card debt with zero interest fees? If yes, then try balance transfer. Balance transfer is a popular technique used by credit cardholders worldwide to offset one credit card balance with another card that offers 0% or low interest fees.

When you transfer your credit card balance to another card, you don’t have to pay a high interest fee along with your card bill. The new interest rate is charged on the previous card debt. This means you save money on interest fees.

The best way to calculate your savings on balance transfer is by using a balance transfer calculator. It can help you calculate the amount you have to pay and the amount you will save.


Factors to Consider During Balance Transfer

Before you transfer your card balance to another card make sure that:

  • The credit limit of the card you are transferring your balance to is more than the amount being transferred. This is important because if your credit limit is more than the transferred balance then you will be charged the over limit fee. Furthermore you will also be charged with the default interest rate.


  • Pay off your balance before the balance transfer offer ends, otherwise your balance will revert to the cash rate or standard purchase rate which can be quite expensive. The promotional offer on balance transfer usually lasts for 6 to 12 months depending on the credit card company.

Does Balance Transfer Have Any Impact on Credit Rating?

Indeed credit balance transfers that have a negative impact on your credit score if you don’t manage the transfer promptly with care. A high card balance shows that you are unable to pay off your debts which results in bad credit.

To ensure that your credit score is not affected badly by your balance transfer, you must do proper balance transfer calculations and pay them off as early as possible.


How to Select Balance Transfer Credit Cards?

Not all personal credit cards offer the facility of balance transfer. Therefore, you need to do good research to ensure that the card you apply for provides you balance transfer facility.

Once you find a list of balance transfer cards, then you should compare the interest rate, promotional offer time period, annual fee and balance transfer fee. Try to opt for the one that has 0% interest rate and 12 months or longer balance transfer time limit. This will allow you to keep your balance for a longer time and pay off your debt easily. If it lasts in 6 months than you will have to pay off the balance before the offer lasts to avoid additional charges.


Start your Balance Transfer Credit Card Application Today

As a business owner, you always want to have options with your finances. Balance transfers give you options by reducing high interest. They also free up credit allowances and help you get a fresh start. If you’re looking for a balance transfer credit card, do your homework. Make decisions carefully and use your resources. At, we make it easy to for business owners and entrepreneurs to apply for Balance Transfer Credit Cards.