2007-08-27 01:23:05 · 10 answers · asked by AnoNyMouS 2 in Business & Finance ➔ Credit
Yes you can, but this is a bad, bad idea. Unless you know, for sure, that you will have the money to pay off the debt in a few days or so (ie you're about to get paid), the accruing interest is going to kill you.
Consumer debt is an easy hole to get yourself into, but very difficult to get yourself out of. I recommend you contact your bank (or a credit management firm) and ask for a loan to pay off your debt. Then get yourself down to 1 credit card with either a low interest rate, or a low limit so you can't get yourself into trouble.
Managing money poorly can lead to a great deal of stress, the inability to ever qualify for a mortgage, and cause relationship issues (unless you can find a mate that doens't mind you are in debt, but they would likely be in debt too). People in deb end up staying in jobs that they hate becuase they can't afford to leave, and then feel trapped. Trust me -- it's a bad idea to pay off one CC with another.
2007-08-27 01:42:02 · answer #1 · answered by C S 5 · 0⤊ 0⤋
I do not think you can really "pay" it with another credit card. However, you can transfer balances to another card. Many times when you open a new card they offer deals on the transfer of balances from other cards. Beware though, there can be hefty fees involved in transferring balances.
2007-08-27 08:31:47 · answer #2 · answered by kristin 2 · 0⤊ 0⤋
of course, haven't you ever heard of transferring your balance? You can pay a credit card with a credit card directly but eventually you are going to have to actually PAY!
2007-08-27 08:32:39 · answer #3 · answered by Judy 2 · 0⤊ 0⤋
You may be able to use those checks that they send out with every statement, but read the fine print. There may be a minimum amount you have to write the check for, for example.
And you're not really making a payment - you're just moving the debt around, and digging a deeper hole. Sooner or later, you have to send them actual money, or they'll come down on you and your credit rating, big time.
2007-08-27 08:34:26 · answer #4 · answered by Ralfcoder 7 · 0⤊ 0⤋
Not directly. The only way it is possible to pay a credit card with a credit card is through cash advances; borrowing money from one credit card to pay the other. If you can avoid this option, please do; the interest rates can be phenominal! If you have no choice but to use this route, borrow only what you absolutely have to!
2007-08-27 08:32:54 · answer #5 · answered by tramps3 3 · 0⤊ 1⤋
I know you can transfer balances from one account to another, hopefully with a lower interest rate.
2007-08-27 08:30:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes you are just swaping the bill to pay it later
2007-08-27 18:33:51 · answer #7 · answered by steve-o 3 · 0⤊ 0⤋
Isn't that called "transfering" balances?
2007-08-27 08:52:07 · answer #8 · answered by Alterfemego 7 · 0⤊ 0⤋
Yes, you can... just be careful... it can get yucky!
2007-08-27 08:34:57 · answer #9 · answered by ❁Niki 5 · 0⤊ 0⤋
yes, you can.
2007-08-27 08:30:45 · answer #10 · answered by Anonymous · 0⤊ 0⤋