Can you pay off a credit card with a credit card? - Business Insider

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ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Can you pay off a credit card with another credit card? Sort of — but there are usually significant fees involved

It's worth noting that these rates are vastly preferable to those for, but there's more to consider. Not only will your bank likely charge you an additional fee of 3% to 5% of the total advance, but these transactions have no grace periods, meaning interest starts piling up the moment you swipe your card.As the name suggests, a balance transfer is the process of moving your debt from one card to another.

Overall, if you have other options, try those before moving to pay off a credit card with another credit card. Use it as a tool to streamline monthly payments and lower interest rates, sure, but don't rely on it as a magic pill. Whenever possible, pay off your card in full each month to avoid getting into a debt cycle.

 

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