How to Pay a Credit Card Bill with Another Credit Card

In the event you don’t have adequate revenue within your checking or financial savings account, you are able to nevertheless spend off your credit card applying a different charge card. You could either do a balance transfer or get a cash advance and deposit it right into a checking account to pay it off. Both solutions come with their own set of risks, so ensure that no matter what method you decide on is ideal for you-and your spending budget!
Applying an Present Charge card

Verify your credit score to discover if making use of an existing card is valuable. Consider your credit score score into consideration before you determine to carry out a balance transfer or get a cash advance with an present credit card. Both processes can impact your card utilization fee and negatively effect your credit score.
Your credit score relates to how likely you happen to be to repay debt. It is vital that you possess a great credit score score in case you prepare to take out loans for large purchases (like a home or auto).
Check out your credit score score on-line on Equifax, Experian, or TransUnion.
Having a cash advance won’t straight influence your credit score score, but the substantial rate of interest on the money advance could make it more difficult to make regular monthly payments on time, which will deliver your score down.
Identify regardless of whether or not your current card lets balance transfers. If you at present have a different bank card other than the one particular you’re seeking to spend off, read the fine print to find out if stability transfers are allowed. If you are not sure, phone a customer support agent by dialing the number about the back of the card.
You should definitely test the rate of interest on your recent card-the reduce, the better.
If your issuer will allow stability transfers, make sure to examine for just about any stability transfer costs.
If transferring your balance for your existing card is feasible and advantageous, speak to a customer service agent by way of telephone or on-line to submit a balance transfer request.
Some cards really do not allow stability transfers in any respect, so this might not be an option for you personally.
Request your bank for convenience checks to consider out a income advance. Some banking institutions already send out ease checks, but if not, request them to send you some. Then, utilize the check out to publish out the amount you would like to cover your stability and deposit it into your checking account so you can pay off your other bank card.
Be certain your optimum amount of credit score is above the quantity of the stability you need to pay out off.
Using a convenience verify to obtain a cash advance is not recommended if you’re struggling to maintain up with expenses and other monthly payments because you’ll be having to pay 2% to 8% interest charges about the quantity from the day you get it to the day you shell out it back.