8 Responses to “can i use a credit card to pay off another credit card debt?”

1. 
   Adel Says:
   March 18th, 2009 at 4:52 pm

   Well… you can, but then you're back where you started.

   My humble suggestion would be to pay it off using check, money that you have. Try to sell things on eBay or on Craigs List or wherever(like supermarket bullet boards, etc), or try to get a loan from a family friend or someone who trusts you.

   But I really wouldn't advise using credit cards to pay off other credit cards.

2. 
   Rick B Says:
   March 18th, 2009 at 4:52 pm

   You can, but that does not pay off anything, it simply moves your debt around.

3. 
   Milton C Says:
   March 18th, 2009 at 4:52 pm

   what rick said

4. 
   lb_centaur Says:
   March 18th, 2009 at 4:52 pm

   Nearly every credit card prevents you from paying off another credit card using your card as a charge. Ask for a balance transfer instead.

5. 
   Briana L Says:
   March 18th, 2009 at 4:52 pm

   yes its called balance transfering, call the new credit card people and ask them if you can transfer your balance and they will take your through the steps

6. 
   Real Estate Guy Says:
   March 18th, 2009 at 4:52 pm

   You need to learn to control your finances.

7. 
   seekinganswers36 Says:
   March 18th, 2009 at 4:52 pm

   Rick B is correct. All you are doing is moving your debt around. I suggest you buckle down and pay off your debt.

8. 
   TaxGurl Says:
   March 18th, 2009 at 4:52 pm

   Like the other answerers said—you can request a balance transfer which will shift the balance to the new card. To simply make a payment, you will have to use check, online, or money order.

   This is not always a bad thing. I've done it in the past when a card offered me a 0% interest rate for a year on a balance transfer. By moving it from a card that was charging me interest, I was able to pay it off much faster.

   Just be smart about it. There are always fees associated with transfers that can run up to 4% of the amount transferred. Don't just shift it around to avoid paying it because the balance will just keep growing. DO shift it if the savings on a lower interest rate will be worth it.

   Also, balance transfers can take 7-10 business days to complete so you may have to make your payment anyway to avoid late fees.

Leave a Reply