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  1. #1
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    Default Can I pay credit card with another credit card? YEP!

    (Updated 2013) I found a trick of how to pay a credit card with another credit card. It's normally not allowed but I found a way that I can pay my credit card bill using a totally different card! How it works is that my husband signed up for a Paypal account and then I used my Paypal account to send him money from my credit card. He then did an electronic withdrawal to add those funds to his bank account and then from there paid the other credit card.

    He did get docked 3% on his end but if that’s what it takes then so be it. Paying a credit card with another credit card might sound stupid but that’s what we have to do to get by right now. He lost his job and we are coming up with all sorts of neat ways to pay all our bills and keep our credit good during this tough time.
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  2. #2
    Centurion Member Mogul of Pineapples's Avatar
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    That could work but you're heading into dangerous territory if you have to pay a minimum payment on a credit card with another credit card. Google "compound interest calculator" and play around with the numbers using 20% or whatever your rate may be to see how quickly your debt will snowball.

    I wish you the best but if you have to do that much longer then you should explore other options for your debt.
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  3. #3
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    This sounds like nothing but asking for trouble. If you cant afford a credit card minimum payment without using another card then another game plan is desperately needed!
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    Default Look For Some Settlement

    That's a very tough and clever idea. I donít think Paypal account can be an ideal alternative to paying your credit card bills. The common issue with Paypal is when you make such payment; your primary credit card provider will charge you back wrongfully and even worse, may ruin your credit rating since Paypal do not investigate on any purchase made electronically. Plus, interest rates may soar up from the usual to even higher. But I canít blame you as you only want to retain the credibility of your credit rating. Of course, no one wants to get their credit ratings ruined. But this one is a risky tactic.

    If that will happen again, look for better alternative to settle or pay your dues. Itís quite self explanatory. Credit card companies offer settlement, thus giving you the privilege to pay your bill in staggered basis. Or it will entirely depend on the decided solution made by both of you and your financial institution. This calls for wisely choosing a financial institution, as there are card providers that ignore such privilege, without intentions to tell their consumers on what to do when their bill is about to due and will not be able to pay the amount on the given time. This should come with the feature.
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  5. #5
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    The paypal thing is a good way to get a 3% cash advance on your credit cards... just fyi... get a paypal debit card and you get it out of an atm..or if you want to wait to have it transferred to your checking.
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  6. #6
    Platinum Member Elliot Castro's Avatar
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    Why did you not just do a balance-transfer for 0% ?
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  7. #7
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    This is a good idea but only for a short terms, if you have a lost job to stand by for a while you may use a method " play to pay" until they catch you, credit card company know that people using those tactic, if your wife will lost a job and then a credit will be charge off then it will be much bigger pictures that just playing to pay. I strongly advising to you that it much better to use paypal as you using that using a other credit card to pay other credit card

    Sincerely,
    Tom Snow
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    Default Pay Pal increasing a fee

    Paypal even thinking to increase those fees up to 5% because Paypal recently found that people are " playing to pay" for their credit card obligation. So be careful when it time because I am sure you don't want your credit card to be charge-off
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  9. #9
    Platinum Member Elliot Castro's Avatar
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  10. #10
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    Defiantly something that would not work here but interesting to read your experience. When I paid credit with credit I had to transfer into my checking account then onto the other card.
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