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This is probably a very daft question....

.....can you pay a credit card with another credit card? I was wondering if i could do this a number of times to keep the cash i have spent on them in my online saver a bit longer.

Comments

  • astonsmummy
    astonsmummy Posts: 14,219 Forumite
    aparrently you cant, but i would contact the provider to make sure x
    :j Baby boy Number 2, arrived 12th April 2009!:j
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Normally you cannot. However, you can ask CC1 to make a BT from CC2. This transaction is an equivalent of payment from the CC1 to the CC2. Unfortunately, BTs are classed as cash transactions and outside introductory periods start incurring interest from the day of transaction. As a result you cannot gain anything by doing this and even lose because you pay interest on two balances a few days during the transfer. Also majority of CCs charge 2%-2.5% for BTs.
  • stevo84_2
    stevo84_2 Posts: 370 Forumite
    Current stoozing balance (Since 23/4/06): -£1335
    Matched betting proffit (Since 25/4/06): £295 I think (Getting confusing!)
    Quidco Balance: £55 :beer: * Updated 31st May *
    If anyone sees any arbs at canbet / betandwin please let me know! *Thanks*
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