Have you ever wonder can you pay a credit card off with another.. There are a couple options. These include Paying Off a Credit Card with a Cash Advance and Using a Balance Transfers To Pay Off a Credit Card.
Paying Off a Credit Card with a Cash Advance
Can you pay off a credit card with another credit card?
You might be surprised to know that you can. It is possible to use a cash advance to pay off a credit card.
One way to do this is by using the cash advance to pay the monthly fees on the card with the cash advance. This can also be done by paying off any balance that you owe on the card that’s charging the fee.
The downside of this option is that you’re not building equity in your cash advance.
Using a Balance Transfers To Pay Off a Credit Card
One of the most common questions that credit card holders ask is how they can pay off their cards. While there are many different opinions on how to go about it, one of the most interesting strategies is using a balance transfer to pay off the credit card.
Balance transfers are credit card transactions where you transfer all of your debts to one credit card. The benefits to this strategy are that you only have to make one payment each month and it can save you a lot of money in interest.
The downside to this strategy is that the balance transfer is only a loan from the credit card company and it must be paid off in a certain period of time, usually from six to twelve months. If
How To Do a Balance Transfer
A Balance Transfer is when you move your balance from one credit card to another. If you have a lot of credit card debt and you want to reduce the amount of interest you are paying, this is a great way to do so.
Step One – Find a credit card company that has a low APR, just like the one you were currently with. The lower the APR, the less interest you will owe on your balance.
Step Two – Call the credit card company and ask them to transfer your balance to the new card. Step Three – If they don’t object, sign the new contract for the new balance. Step Four – Pay off the original balance on your old card