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Can You Pay a Cc With a Cc?

FAQs Cindy Castillo August 8, 2022

You may be wondering, “Can you pay for a credit card with another credit card?” In short – yes, you can pay off a credit card with another credit card, there is more than one way to do this.

Can I make a CC payment with another CC?

Banks do not allow you to pay your credit card balance with another credit card. Typically, payments by check, electronic bank transfer or money order are the only accepted payment methods. There is a loophole: a balance transfer credit card.

Can we pay CC through credit card?

Typically you can’t just pay your credit card bill with another card like you would pay your electricity or phone bill. Credit card companies typically don’t accept credit cards as regular payment, in part because it opens the door for debt to loop through your accounts.

Can I pay a loan with a credit card?

Can you pay off a loan with a credit card? Yes, you can pay for a loan with a credit card, but it’s usually less convenient and comes with additional fees. If you can afford to make your loan payment from your bank account, this tends to be a better option. Credit card payments are rarely accepted by lenders.

Is it better to pay off one credit card or multiple?

If you have multiple credit cards, it’s more effective to focus on paying off one credit card at a time than spreading your payments across all your credit cards. You’ll make more progress if you pay a lump sum into a credit card every month.

Is it smart to pay off one credit card with another?

While you can technically use a cash advance to pay off another credit card, this is not advisable. Cash advances usually come with an upfront fee that is generally higher than what you would be charged for a transfer of the same amount. Also, you’ll never get an introductory 0% APR on a cash advance.

References:

  1. https://www.forbes.com/advisor/credit-cards/should-you-use-one-credit-card-to-pay-off-another/
  2. https://www.marketwatch.com/story/can-you-pay-a-credit-card-with-a-credit-card-yes-but-its-a-slippery-slope-2019-08-23
  3. https://www.fool.com/the-ascent/credit-cards/pay-off-loan-with-credit-card/
  4. https://www.thebalance.com/what-order-should-i-pay-off-my-credit-cards-960822
  5. https://www.experian.com/blogs/ask-experian/can-you-use-one-credit-card-to-pay-off-another-credit-card/

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