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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.

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17y ago

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How can I use a credit card to pay off a loan?

You can use a credit card to pay off a loan by transferring the loan balance to your credit card or using your credit card to make payments towards the loan. Be aware of any fees or interest rates associated with using a credit card for this purpose.


If you pay off a credit card balance is it bad your my credit report?

not always, depends on your credit situation. keep using and paying off your credit card every month to improve your credit score


Is it possible to pay off a home equity line of credit (HELOC) using a credit card?

Yes, it is possible to pay off a home equity line of credit (HELOC) using a credit card, but it may not be advisable due to high interest rates and potential fees.


Which credit card feature determines the cost to use one credit card to pay off money owed on a different credit card?

The credit card feature that determines the cost of using one credit card to pay off another is the cash advance fee and interest rate. When you use a credit card for a cash advance, it typically incurs a higher interest rate than standard purchases and may also come with a fee (often a percentage of the amount withdrawn). Additionally, there may be a balance transfer fee if you are transferring a balance from one card to another, which can also affect the overall cost.


Can opening and closing credit cards hurt your credit rating?

NO! Not if you have paid the credit off before you get another one. Or if you are paying one credit card off with another, you can only do that so much befor it will hurt your cerdit.

Related Questions

How can I use a credit card to pay off a loan?

You can use a credit card to pay off a loan by transferring the loan balance to your credit card or using your credit card to make payments towards the loan. Be aware of any fees or interest rates associated with using a credit card for this purpose.


If you pay off a credit card balance is it bad your my credit report?

not always, depends on your credit situation. keep using and paying off your credit card every month to improve your credit score


How do you get credit card overpayment to another account?

Dont't PAY IT OFF


What does it mean to transfer credit card balance?

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.


Is it possible to pay off a home equity line of credit (HELOC) using a credit card?

Yes, it is possible to pay off a home equity line of credit (HELOC) using a credit card, but it may not be advisable due to high interest rates and potential fees.


Which credit card feature determines the cost to use one credit card to pay off money owed on a different credit card?

The credit card feature that determines the cost of using one credit card to pay off another is the cash advance fee and interest rate. When you use a credit card for a cash advance, it typically incurs a higher interest rate than standard purchases and may also come with a fee (often a percentage of the amount withdrawn). Additionally, there may be a balance transfer fee if you are transferring a balance from one card to another, which can also affect the overall cost.


Can you call your credit card company and pay off the balance by giving them the number for another credit card and charging the balance onto that card?

No, they have to offer you the balance transfer.


Can opening and closing credit cards hurt your credit rating?

NO! Not if you have paid the credit off before you get another one. Or if you are paying one credit card off with another, you can only do that so much befor it will hurt your cerdit.


Can you write off credit card interest on your taxes?

Is there a way to write off credit card interest on corparation credit card?


How do crooks pretend to pay off credit card debt?

Crooks may pretend to pay off credit card debt by using stolen credit card information to make fraudulent payments, which may temporarily appear as legitimate payments on the account.


What benefits does a limited credit card have?

The benefits of the Limited Credit Card include a 15% discount off one's first purchase with the card mailed to him or her and a rewards system for using the card to name a few.


Which credit card feature determines the cost to use one credit card to pay off money on a different credit card?

The feature that determines the cost of using one credit card to pay off another is the balance transfer fee. This fee is typically a percentage of the amount being transferred, often around 3% to 5%, and can also include interest rates that apply to the transferred balance. Additionally, the annual percentage rate (APR) on the new card can impact the overall cost if the balance is not paid off within any promotional period.