What happens if I pay my credit card bill with another credit card?

Is it okay to pay a credit card with another credit card?

Ugh, credit cards. Paying one with another? Absolutely not! That’s insane. Why would anyone even think of that? It’s a vicious cycle, man. Total financial disaster waiting to happen.

Balance transfers, though… those are different. I used one last year, actually. Got a 0% APR deal for 18 months. Lifesaver! But, be careful! Those fees… They sneak up on you. Transfer fees can be brutal.

Cash advances are… well, they’re expensive. Ridiculously high interest rates. Avoid them like the plague. Seriously. Don’t even THINK about it. The interest alone will bury you.

My friend, Sarah, got slammed with fees. She’s still paying it off. It’s been years.

• Don’t pay credit cards with other credit cards. Stupid idea.
• Balance transfers: Explore options. Read the fine print! Very carefully.
• Cash advances: Run, don’t walk away. High interest. Painful. They kill you slowly. Trust me.

This whole credit card thing is a mess, right? I’m constantly stressing over my bills. Late fees? Ugh. Maybe I should just start using cash. Nah. Too much hassle. But this cycle…it has to stop. My limit on my Chase card is already maxed. It’s ridiculous. I need a budget. A real budget.

How to transfer a credit card outstanding to another credit card?

Shift debt. New plastic. Balance transfer. Done.

Lower interest. Saves money. Temporary fix.

Check the fees. Percentage. Hidden costs. Balance transfer offer expires. 2024 rates matter.

• Call the new card company. Initiate the transfer.
• Provide old card details. Number, balance, etc.
• Wait. Several business days. Sometimes weeks.
• Monitor. Both accounts. Crucial step.

Debt consolidation. Another option. Personal loan.

Don’t max out. New card. Creates problems. Like, serious ones.

Minimum payments. Never enough. Interest accrues. Debt spiral.

Financial freedom. An illusion. Manage expectations. Credit score, paramount.

My Chase Sapphire Preferred? 4.99% intro APR. Then, 22-28% variable APR. Predatory.

These companies. Profit from our spending. Designed that way.

Remember, I ate ramen. For months. Paid off $5k debt. 2022. Tough times.

How much does it cost to transfer balance from one credit card to another?

Okay, so, like, balance transfers… Yeah, those fees can really vary.

Typically, expect to pay somewhere between 2% and 5% of whatever amount you’re moving over. It’s a fee.

BUT! Here’s the thing, like I found out last year when I moved my debt to a new card, they also might have a minimum fee, like $10 or something.

So, whichever is the bigger number, that’s what ya pay. Keep reading for more info…

I mean, credit cards are so tricky.

Here’s the rundown, simplified:

• Balance Transfer Fee: Percentage-based (2-5% is normal, I know), or a fixed fee.
• Look for Offers: Some cards totally waive the fee – promotional rates, ya know? These are the bees knees.
• Example Time: Transfer $1000 with a 3% fee? That’s $30 bucks.

My sister, Lisa, she loves doing balance transfers. She did one in June 2024. She says it’s all about the introductory APR. Like, find a card with zero interest for a year or so.

Just, uh, don’t forget to pay it off before the rate jumps, ok? Because wow those rates can jump…

Can I transfer all my credit cards to one card?

Balance transfer. Possible. Limits exist. Credit score matters. Available credit crucial. Fees apply. Each transfer. Think percentage. Three percent common. Sometimes five. Debt consolidation. Another option. Worth exploring. Different rules. Lower interest. Saves money. Long term. My Chase Sapphire Preferred. Four percent fee. Worth it. Saved hundreds. 2023 rates volatile. Check your offers.

• Credit Score: Impacts approval odds. Higher is better. 700+ ideal.
• Available Credit: Transfer limit. Card maximum minus existing balance.
• Balance Transfer Fee: Standard practice. Calculate total cost. Factor in.
• 0% APR Period: Limited time. Plan payoff strategy. Before expiration. Interest explodes.
• Debt Consolidation Loan: Alternative. Fixed payments. Different interest structure.

My neighbor. Transferred five cards. One low APR card. Paid off faster. Smart move. Financial health. Important. Your mileage may vary.

Does making an extra credit card payment affect credit score?

Dusty sunlight through blinds. The shape shifting. Credit score, a wisp of smoke. Chasing it. Doesn’t matter the flurry of payments. Not the frantic clicking. Just the quiet weight of the balance. The due date a distant star. Pay it. Let it rest. The algorithm doesn’t care for your hurried whispers of money. It watches the slow dance of debt and payment. Mine, Visa ending in 7743. Always paid. Never late. A quiet rhythm. Like breathing. In, out. Balance, payment. Echoes in the vastness of the credit bureaus. Meaningless flutter. Of extra payments. Only the balance matters. Like the moon pulling the tide. Invisible strings. Connecting. Balance due. Date due. My score, a constellation. Shifting slowly. Imperceptibly. Across the digital sky. A silent story told in numbers. 780. Good enough. For now. The chase continues.

• Balance due: The primary factor.
• Payment history: On time, every time.
• Credit utilization: Low is best. Like a whisper.
• Extra payments: Insignificant. Lost in the void.
• Algorithms: Cold, uncaring. Calculating.
• Credit score: A phantom. Always just out of reach. A number. A whisper. A judge.

Can I transfer negative balance from credit card to another credit card?

Night… quiet. Thinking about money again. A negative balance… it’s not debt, is it? It’s like they owe you. I had one once, after a return. Couldn’t move it… not like a regular balance. Remember that frustration.

Stuck there. On that card. Like a… a credit. Useless, almost. Could use it for purchases. Or… asked for a refund. Got a check in the mail. Felt weird. Getting money back from a credit card.

• Negative balance: Credit, not debt.
• Transfer: Generally impossible. Think I tried once… Chase. No luck.
• Options: Refund (check, deposit), offset purchases.
• Same issuer: Maybe… maybe move it between their cards. But rare. Remember looking into this in 2023. Painful.
• Standard balance transfer: Nope. Doesn’t work that way.

That one time… spent hours on the phone. Explaining. Again and again. They didn’t get it. I had, like, $200 extra. Just sitting there. Capital One. They said use it… or lose it. Guess they meant on their card. Stupid.