Very good question. Simply call the phone number one of your credit cards and give them the credit card number of the other card you want to pay. For example, say you want to pay your SEARS card balance with your VISA credit card. Call VISA and tell them you want to make a transfer to your SEARS account. Provide VISA with the SEARS account numbers-They will do it for you. It doesn't take long. It can be done over the phone. Good luck!~
It is balance transfer.
When transferring a balance from one credit card to another, a transfer fee is usually charged. This fee is a percentage of what ever the balance is. A higher balance means a higher fee.
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
If you can move the balance to a lower interest rate card then yes it is a great idea. If the rate isn't lower though, transferring your credit card balance to a new card is pointless. It's generally not a good idea to transfer balances between credit cards. Fool.com has a some great tips on balance transfers.
A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.
Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.
No, they have to offer you the balance transfer.
You should always be aware of cards that offer lower interest rates then the one you have now. Transferring balances from one card to another to take advantage of low introductory rates can assist you when you pay down debt as long as you have a very strong credit rating. The strong credit rating is an absolute necessity as all of these transfers and the inquiries that go with them can knock a few points off of your credit rating.
Many credit card companies offer balance transfer options whereby you can transfer the balance of one credit card to another. Be aware that the terms offered for balance transfers can be deceptive and generally the terms have a time limit.
Generally, after two (2) months, the balance transfer from one card to another only minorly impacts one's credit. The key is the additional or new account and the utilization of the line on the account. If you transfer a balance to a NEW account as part of the application/onboarding process, your credit score will be reduced. If you transfer a balance to an EXISTING account that you don't use regularly, your credit score will be reduced. If you transfer a balance to an EXISTING account that you use on a regular basis, your credit score will either remain the same or be reduced.