Can I make a credit card payment with another credit card?

Can you pay off a credit card with another credit card? The short answer is no. Credit card companies don’t allow you to make minimum monthly payments, or to pay off an outstanding balance, with another credit card from a different company.

What is the best way to pay off a credit card with a high interest rate?

Here are 11 ways to pay off high interest credit cards.

1. Try Paying With Cash.
2. Consider a Credit Card Balance Transfer.
3. Pay More Than the Minimum Amount Due.
4. Lower Your Expenses.
5. Increase Your Income.
6. Sell Your Old Stuff.
7. Ask for Lower Interest Rates.
8. Pay Off High Interest Credit Cards First.

Does paying off a credit card with another credit card hurt your credit score?

Payment History Transferring a balance from one credit card to another will have no effect on this part of your score unless you stop making payments after you move the debt. Making payments on time after the transfer can help offset any other negative effects you may experience.

How to pay a credit card bill with another credit card?

Transferring your balance to a lower interest card can help you pay down your debt faster. If you’re simply desperate to pay a credit card bill and end up using a card with a high balance to do so, your debt will accelerate more quickly. Try looking for a credit card that comes with a 0% introductory APR for 12 to 18 months.

Do you have to pay interest on credit card balance?

You use the card as you normally would, but you won’t pay any interest on your balance during the introductory period. You’ll still have to make a minimum monthly payment, but it all goes to the principal balance, not interest.

Do you save interest by making more than one credit card payment?

Depending on how your credit card issuer calculates your finance charge, you may save interest by sending more than one credit card payment throughout the month. For example, with the average daily balance method, you’ll pay a lower finance charge by sending a payment earlier in the billing cycle.

Do you have to make multiple credit card payments?

You don’t have to make multiple credit card payments to ensure a low balance is reported to the credit bureaus. You could use your credit card early in the month, pay off the balance, and let your credit card sit until the billing cycle closes.