Can i pay credit card bill from another credit card

Pay Your Credit Card Bill From Another Bank Are you still old-fashioned when it comes to paying your credit card bills? Visiting the bank and waiting in queues? Well, you’re due for an upgrade and this article explains how you can pay your credit card bill from another bank using net banking. It is advisable to use this payment option if there are at least a few working days left before the due date. In case of an immediate payment requirement, you may want to check with the receiving bank before making a payment. Step 1 – Go to Credit Card Issuer’s Bill Desk Almost every major bank has an online portal to make a credit card bill payment from another bank’s savings account. Search online for receiving bank’s “bill desk”. • Google receiving bank’s “payment bill desk”. • Type > Receiving credit card’s bank name + Bill Desk • Most often this search query would bring the required bill desk to the top. Assuming that the Credit Card to be Paid is Issued by Standard Chartered Bank Out of the search results, choose the relevant link & move to Step 2. Here is the link we used in this example Step 2 – Fill in all Required Details After choosing the appropriate search result you should be able to see a window as shown below. Fill in all necessary information along with some personal details such as your mobile number and email id. *These payments are usually safe and secured by a 128 or 256-bit SSL encryption. Step 3 – Your Credit Card is Almost Paid! After step 2 you will be redirec...

• Advice • • News • • Reviews • 2023‘s Best Cards • • 0% Balance Transfer • 0% Purchases • Low Regular APR • Air Miles • Travel • Cash Back • Gas Rebate • Points & Gifts • Business • Prepaid • Secured • Stores • Student • • Excellent Credit • Good Credit • Fair Credit • Bad Credit • No Credit • • American Express® • Bank of America® • Capital One® • Chase® • Citi® • Discover® • Mastercard® • PREMIER Bankcard® • Visa® Brittney is a Credit Strategist and Finance Expert who has spent years honing her knowledge of the credit industry both personally and professionally. Brittney applies her more than a decade of research experience to crafting in-depth consumer guides designed to help CardRates readers make better, more informed financial decisions. See full bio» Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement. See full bio» Ashley has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate compreh...

Suppose you have high-interest balances on one or multiple credit cards and you're looking to consolidate at a lower APR. You might be asking yourself, "Can you pay off a credit card with another credit card?" In short — yes, you can pay a credit card off with another credit card, there's more than one way to do it. However, each method comes with its own pros and cons. How to pay a credit card bill with another credit card If you're looking to pay a credit card with another credit card, there are two main ways to go about it: a How does a cash advance work? A cash advance is often the most expensive option. With a cash advance, you remove money from your credit card, similar to how you would at an ATM. It's then your responsibility to deposit that money in your bank account to pay off your credit card. High fees and higher interest rates often accompany cash advances. It's also important to understand that interest usually begins accumulating the day you remove the cash. It doesn't start to accrue at the end of your billing cycle, as with a standard credit card purchase. In other words, there is no grace period with a cash advance. How does a balance transfer work? With a balance transfer, you're merely transferring the balance of one card to another. The main reason for doing so is to consolidate debt from a higher-interest card to one with lower interest. Many credit card issuers have special balance transfer offers to invite people to open cards with them. The offers m...

Wondering whether you can pay off one credit card bill with another credit card? Well, the answer is yes and no. While you technically can pay your credit card with another credit card, this is a high-risk factor to your credit, because it transfers debt from one credit account to another. Why is paying one credit card with another credit card a risk to my credit score? Generally, you can’t pay off your monthly statement balance on one card using another credit card. Most card companies require the statement balance to be paid in either cheque, electronic balance transfer, or money order. While there are two ways to pay off your outstanding debt using another credit card, it would be best not to rely on these methods because of the additional fees you’d have to pay. Nonetheless, this article tells you about those two methods and gives you an alternative to paying back your credit card bill without using a credit card. What Happens If I Pay My Card Bill Using Another Credit Card? There are two ways you can Balance Transfer As the name suggests, a balance transfer is when you Applying for a zero-interest card allows you to transfer the entire outstanding balance on your current card to a new credit card at a 0% interest rate. This offer lets you pay zero interest on your debt for a short period. Let’s assume you have $15,000 outstanding with your current card company, and the company However, this offer is usually only for 6-12 months. And, if you are unable to pay off your ...

In this article: • • • • Paying your credit card bill before its monthly due date, or making extra credit card payments each month, could have some surprising benefits for your credit score. Here's the rundown on how it all works. Should I Pay My Credit Card Early? You probably already know how important it is to make your credit card payments by their due date every month. That's because late payments can hurt your credit score more than any other factor. What you might not know is the fact that shifting your payment schedule ahead by a week or two can actually help your credit score. The reason has to do with the nature of credit card billing cycles, and their relationship to your credit report. Will Paying My Credit Card Bill Early Affect My Credit? There's a persistent misconception that carrying a credit card balance from month to month can help you improve your credit score. That's simply not true. Paying your balance in full will not harm your credit score, and Furthermore, carrying a balance that exceeds about 30% of a card's borrowing limit (also known as 30% That brings up the potential benefits of paying your credit card bill ahead of schedule. If you make a payment to your account before your card's statement closing date, instead of on or before its payment due date, you can lower the utilization percentage used to calculate your credit score. Here's how it works. The statement closing date (the last day of your billing cycle) typically occurs about 21 days be...

Credit cards are powerful financial tools. When used correctly, they can help you manage cash flow, grant you 0% annual percentage rates (APRs) for a limited time, or even help you generate cash back and other rewards. But getting in over your head can be a problem—and if you’re struggling to make payments, you may be wondering whether it’s possible to pay your credit card bill with another credit card. The short answer is no, you can’t directly pay your credit cards with another card, and for good reason. Paying off debt with more debt is risky to your finances and to your credit. However, if your situation is dire, you do have options. Let’s take a look at the different methods you can use to make those payments, including using credit card balance transfers and cash advances. • Credit card account holders generally may not use a credit card to pay the balance on another credit card directly. • Credit card agreements usually specify how account holders can pay: by check, money order, or electronic transfer using funds drawn from a bank account. • Credit card account holders can use balance transfers to move one account balance to another account. • A card account user can take a cash advance and use those borrowed funds to pay another account balance. Making Monthly Payments With a Credit Card Unfortunately, it’s not possible to make your monthly payments with your credit card. Most credit card issuers limit the ability to pay your card balances to funds drawn from a ban...

The COVID-19 pandemic and inflation have wreaked havoc on peoples’ financial lives. Although consumers are charging more to get by, the relief is short. Payments come due in a matter of weeks and escalating balances cause even greater anxiety. A September 2022 poll by CreditCards.com found that among Americans who carry balances month to month, If you’re in a stable financial position, you may find yourself wanting to help someone who is struggling with their bills. “This can be a temporary help for someone that is experiencing financial hardship or a way to ensure that they have credit available to make purchases online,” says Jennifer Streaks, a personal finance expert from Brooklyn, New York. “During these uncertain financial times, this is a very kind thing to do to help someone.” Here’s everything you need to know about how to donate to another person’s credit card debt. Choose the right recipient Dana Menard, a financial planner and founder of Twin Cities Wealth Strategies, says your first step is to be sure you’re giving to the right person — especially when participating in crowdfunding platforms like GoFundMe. Plenty of people make pleas for assistance with their “Scammers are out there,” says Menard. “Are they really in dire straits, or just looking for a handout? That’s hard to know sometimes. Giving to someone you already know and trust is usually a better idea.” Once you’ve done your due diligence and decided on the right person, figure out the amount of money...

If you know someone who's struggling under crippling credit card debt, paying their bill can be a huge relief for them. You could simply give them the money to pay the bill themselves, but if you'd rather do it yourself, you can typically make the payment online, over the phone, or in person. X Research source Set up the credit card company as a payee with your bank. If you use online banking to pay your bills, you can pay the credit card bill through your online account or mobile app. Simply add the name of the credit card company as a payee and include the account number of the person whose bill you want to pay. • If you want to pay the person's credit card bill online, this is usually going to be your easiest option. You won't have to ask the person for their login information to access their online credit card account and you won't be accessing their credit card account. Go through the credit card website if you have the cardholder's credentials. To make a payment directly to the credit card, you'll need the username and password of the person whose bill you're paying. Credit card companies typically won't let you create an account except to pay your own active card. X Research source • This usually isn't a viable option unless you're paying the bill of someone you know very well who trusts you with their login information. Even so, you might recommend that they change their password after you've made the payment. Choose your amount and frequency of payment. Use the on...