Can I avoid balance transfer fees by paying a credit card bill off with another card?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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knw311
 
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Can I avoid balance transfer fees by paying a credit card bill off with another card?

Postby knw311 » Mon Feb 02, 2015 2:05 pm

I have one card with a 6% interest rate and a high credit limit and another card with a 24% rate that I'm concentrating on paying off first.

I was going to pay as much of the 24% balance as possible down this month and then transfer the rest to the 6% card, but it occurred to me if I just paid the 24% card balance off as a bill pay, using the 6% card, I would avoid the transfer fee.

I'm wondering whether that will work (i.e., will the credit card company know I'm using another credit card and add the transfer fee) and also how that would affect my credit.


takeshi
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Postby takeshi » Tue Feb 03, 2015 12:14 pm

No idea on whether or not they'll treat it as a BT. You'd have to ask the creditor but, of course, that would probably alert them to your intent.

As for effect -- all depends on how utilization is affected. A BT isn't going to change overall utilization.

daniel2304
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Postby daniel2304 » Sun Feb 15, 2015 3:10 pm

I don't know if even it's possible to use a credit card to pay another credit card DIRECTLY like a bill pay!!
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obxfisherman
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Postby obxfisherman » Mon Feb 16, 2015 10:22 pm

To my knowledge, there is no way to do anything remotely close to what you are proposing. you can't pay a credit card using a bill pay feature, especially if you are trying to pay off the said card with another credit card...from the creditors prospective there is no way that would make sense for them.
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Postby Fastphilly » Wed Feb 18, 2015 2:57 pm

I don't think credit card companies allow that. Chase doesn't have the option of making a credit card payment with another card. You have to enter your checking account info (Routing Number/Account Number) to make payments on a credit card whether it's a Chase Checking or foreign institution.

I could be wrong though.
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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Feb 18, 2015 4:35 pm

I've read...somewhere...that you can put money onto an Amex Serve and earn purchase-like rewards, then use the Serve to pay credit card bills.

I can't say I've ever tried it, though, nor do I know if it still works / ever worked without AA or what any 'tricks' to it might be.
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Postby ingramjuan » Thu Feb 26, 2015 9:18 pm

Sometimes my CC (Capital One) provide checks that you can pay any type of bill. Possible that may work.
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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Feb 26, 2015 9:44 pm

ingramjuan wrote:Sometimes my CC (Capital One) provide checks that you can pay any type of bill. Possible that may work.


Presumably those have the fees that this whole thread is about avoiding? Or are they genuinely interest and fee-free? Since we're talking about Capital One, I would be surprised if they really were that good.

For the good BT terms without a special offer, open up a Slate card or some credit union option.
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Postby popamode72 » Sat Feb 28, 2015 11:27 am

I see a Discover It BT offer on my page right now saying that it comes with no transfer fees but the APR would be at 4.99% for 18 months. I'm always getting these BT offers from them now but I've never seen that one before.
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Postby jcarte29 » Thu Mar 19, 2015 1:09 pm

obxfisherman wrote:To my knowledge, there is no way to do anything remotely close to what you are proposing. you can't pay a credit card using a bill pay feature, especially if you are trying to pay off the said card with another credit card...from the creditors prospective there is no way that would make sense for them.


Right on the money. All of my CC issuers (Cap One, Lowes/Synch Bank, Chase, Cap One (GM division), Barclay, AMEX, and I'm sure Discover) all make you put in routing information.

Chase also has my mortgage and my CX5, and I can't even pay either of those with a CC, Chase or otherwise.
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