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can i use my credit card to pay my wifes bill?
coogs
Posts: 3 Newbie
in Credit cards
was thinking of using my credit card to pay my wifes monthly bill then clearing my balance every month. does this seem like a good tactic?
0
Comments
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"Monthly bill" for what?
If you mean her credit card then you can't do that as a purchase. You'd have to make a balance transfer...which would be expensive being as your card would charge a 2-3% fee for the privilege (and interest from day one if you're not on a 0% deal).0 -
Why not just give your wife the money to pay her bill ? What were you hoping to gain ?0
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Was hoping thatthis would count as purchase, also was hoping to boost my credit rating0
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No it's not a purchase it's a balance transfer.
You need to check the fees and interest but unless your on a 0% deal (and even then there's 4% fees) then it's not really a good idea.0
This discussion has been closed.
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