Is it possible to transfer a balance from a store credit card to a conventional credit card?

Question

To be more specific, how about an eBay or PayPal Mastercard to a Platinum card?

Answer 1

Your question was pretty cut and dried till you muddied the water with your examples.

Major credit cards are Visa, Mastercard, Discover, American Express -- there are some others but these are the most popular. They come in a wide range of flavors, thru various banks, with all sorts terms.

A store charge card is one that is only good at one store -- Macy, Sears, Target, etc. You can do a balance transfer from a major credit card to pay off a store charge card.

Ebay and Paypal are not credit cards.

Answer 2

The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings.

When you decide for a balance transfer it doesn't mean that your obligation for payments towards your outstanding balances with the existing credit card company cease to exist. You will have to pay the credit card company all the monthly payments. One way you can save money is to just send the monthly minimum payments to the existing credit card company. This way you won't default and invite penalty.

The next step is to sign up with the credit card which you sought for transferring your balances, and fill up the balance transfer application. Read more from: http://www.credit-card-gallery.com/article/414,The_right_way_to_credit_card_balance_transfers

Answer 3

The credit card company doesn't care where the balance is being transfered from. As long as you're the primary account holder of the new account you want to transfer the balance to, you should have no problem.

Answer 4

yes, you are essentially using the conventional credit card to pay the balance of the store credit card which in essence transfers it.

Answer 5

depends if the ebay/paypal allows balance transfers. if they allow you to pay a CC w/ a CC then yes...but most store cards only allow cash, check or direct withdrawal from a bank acct.

Answer 6

Yes, you can transfer your ebay or paypal credit card balances to another card. There are many credit card companies that offer 0% interest on balance transfers for up to 12 months. It is a great way to consolidate your debt into 1 card with no interest for 1 year. To learn more or apply for one, u may go here: http://www.creditcardondemand.com/balance-transfer-credit-cards.asp

Answer 7

A sure way to find out is to call the issuer of your credit card.

Answer 8

if your card company issues NO FEE cehcks to be used to transfer a balance you could do it that way.

Answer 9

The only way to know this answer is to contact one of the creditors that you're questioning, but personally, I've never heard of that being done and I have my doubts.

Good luck!! :-)

Answer 10

No. different companies