Pay off a credit card with a cashback credit card?

zebedy

Hi,

I have 2 cashback credit cards which I pay off in full each month. I usually pay them off online using my debit card.

Can you pay off one credit card with another credit card? If i did this would paying off the card be considered a purchase on the other card (ie. would i get the cashback on the card i was using to pay off the other card?)

Hoping someone has an answer as it justy occurred to me that I may not have been maximising the cashback cards to their full potential

sdooley

No it would be counted as a balance transfer and you would be likely to pay interest from day one on the amount transferred. Sorry.

zebedy

Shame, i'd hoped I might be able to get even more cashback.
Of well I'll keep using the Amex Plat 5% cashback card whenever and wherever I can. I had PIN problems when I first got it and couldn't use it for the first 2 weeks until new PIN arrived so phoned up and asked them to extend the 5% cashback period for 2 weeks to compensate for it and when I next phoned to check it had been done it seems they mistakenly extended it 2 months - Yippee

benf90

It wouldn't be classed as a balance transfer because the only way to make a balance transfer is to contact the company of the card you want to make a balance transfer with, not the company of the card you want to pay off.

It all depends on whether the card company will accept payments from another credit card. Most companies won't (unless you fall behind in payments and they could then decide to accept a payment that way).

However, I know that the Asda card accepts payments from other credit cards by using their online payment system, I presume it would be the same over the phone.

This of course brings up the issue of whether it would be classed as a cash advance by the card you're making the payment with. A recent thread on MSE indicated that for at least one person it wasn't and the payment to the Asda credit card simply showed up as just a regular purchase.

I don't have any personal experience of making payments to Asda in this way as all my cards are paid by Direct Debit. The only thing I buy using the Asda card is petrol so for me it would probably be more hassle remembering to make the payments on time for a few extra quid each year rather than having the convenience of a DD.

surreysaver

I've heard of people paying their mortgage with a credit card and earning cashback. Never tried it myself, however, so presumably it is possible to do the same with a credit card? It might be worth trying it with a small amount first in case you do get whacked with interest.

CLAPTON

surreysaver wrote: »

I've heard of people paying their mortgage with a credit card and earning cashback. Never tried it myself, however, so presumably it is possible to do the same with a credit card? It might be worth trying it with a small amount first in case you do get whacked with interest.

are you saying you know of a CC company that will accept other CC as a method of payment (except BTs of course)?

lisyloo

I've heard of people paying their mortgage with a credit card and earning cashback.

If you are sure that this was a cashback card and not stoozing on an SBT, then I think it's rare.
I don't think there are many lenders that accept payment directly by credit card.

Of course you can do an SBT and offset or overpay if you have a flexible mortgage.

clio

Spam Alert the post above LisyLoo's

nikhilp

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Staciep88

:spam: above.

zebedy

Hi, thanks for all your replies. Looks like it's not possible to pay off a credit card with a different cashback credit card (without fees etc).

However, thanks to surreysaver for his comment (no idea how to do a quote) as it led me to a thread on the MFW board (no idea how to link to thread but it is entitled "mortgage payment by cashback credit card" and was started by InMyDreams) and as I have an Abbey mortgage i am going to make my next regular mortgage payment using my cashback credit card rather than my usual DD and see if it works.