Can You Pay a Credit Card With a Credit Card? | Capital One (2024)

FAQs

Can You Pay a Credit Card With a Credit Card? | Capital One? ›

While it may seem like a viable option, paying off a credit card with another one is generally not allowed by issuers. This is due to the fact that it doesn't actually reduce your debt. It just moves it over from one account to another, which can ultimately lead to higher fees, penalties, and interest rates.

Generally speaking, you can't pay off one credit card with another. But you may consider a balance transfer card if you're carrying a balance with a high interest rate. Balance transfers allow you to move debt from one issuer's card to another. It might even be possible to find a 0% introductory APR.

No, you cannot use a credit card to pay other credit card bills. However, credit cards often have options like cash advance or balance transfer that give you access to "cash" funds. If you are short on money to pay your bills, you can use these funds to pay off your balance.

Paying off one credit balance using another card isn't generally possible. Banks don't allow you to pay your credit card balance directly using another credit card. Typically, payments via check, electronic bank transfer or money order are the only acceptable payment methods.

The short answer is yes, but not directly. Credit Card companies typically do not allow you to pay off your Credit Card bill directly using another Credit Card. However, there are alternative methods to achieve this, each with its own set of benefits and considerations.

Bills you can generally pay with a credit card include utilities, insurance, phone services, internet, cable and sometimes rent or mortgage payments. But there may be processing fees if you use a credit card.

You could transfer balances from other credit cards, personal loans, student loans and auto loans. But you can't transfer a balance from one Capital One card to another card issued by Capital One or any of its affiliates or subsidiaries.

Credit card balance transfers are typically used by consumers who want to save money by moving high-interest credit card debt to another credit card with a lower interest rate. Balance transfer credit card offers typically come with an interest-free introductory period of six to 18 months, though some are longer.

Although it's not common, some lenders may let you make car payments with a credit card, but it could be a costly move that may damage your credit score. If you use a 0% intro APR credit card, you could pay off your car loan with no interest, but watch out for high fees, and make sure not to fall behind on payments.

Does it hurt your credit score to pay a credit card with another credit card? ›

Balance transfers won't hurt your credit score directly, but applying for a new card could affect your credit in both good and bad ways. As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move in the long-term.

In short, yes — but usually for a fee. Make sure the convenience is worth the potential cost to your wallet or your credit score.

Interest Rates: Compare the interest rates on both credit cards. If one card has a significantly higher interest rate, it may be more beneficial to focus on paying off that card first. By eliminating the high-interest debt, you can save money on interest payments in the long run.

In general, you can't pay your monthly credit card bill using another credit card. If you're set on using a credit card, you might be able to pay with a balance transfer or cash advance, but they can be risky and add to your debt. A balance transfer may offer a promotional period that could save you money in interest.

No, Cred does not allow paying a credit card bill using another credit card. Cred offers payment options like net banking, debit card, and UPI for bill payments.

To pay for your purchases at a retail outlet, be it a restaurant, a supermarket or a shopping mall, just present your card at the billing counter. The person at the counter will swipe or insert your card into a machine and ask you to enter your PIN (a secret code that only you know).

While you can't pay off a credit card with another credit card, you can move the debt to a balance transfer card. For maximum benefits, make a debt payoff plan and aim to pay off your balance during the 0 percent intro APR period, which usually lasts between 12 and 21 months.

Balance transfers allow you to move an unpaid balance from an existing high-interest credit card to a new card with a low or 0% interest rate. The principal amount of your debt remains the same.

A balance transfer can improve your credit over time as you work toward paying off your debt. But it can hurt your credit if you open several new cards, transfer your balance multiple times or add to your debt.

assuming your lender will let you do it. Here's the thing: Most lenders won't let you do it because the credit card companies impose a fee of up to 3.5% for every transaction they process. In other words, it generally costs your lender about $12.25 of your monthly payment when you use a credit card.