Can I pay one credit card with another and avoid the balance transfer fee?
My credit card is offering 0% on balance transfers but with a fee of 3%. It is also offering purchases at 0% with no fee. If I just make a payment to my other credit card using this first one, rather than requesting a balance transfer, will I avoid paying the balance transfer fee?
June 2nd, 2010 at 11:33 pm
i think the offer on stands if you transfer the entire balance of the card to the other one. i dont think you can pay credit cards with another credit card. alot of places will block the cards from processing payments. try ir and find out
June 3rd, 2010 at 12:30 am
I Paid my Egg balance with my LloydsTSB CC this month and it went through fine. Not sure if other companies allow this though, or if it would be considered a ‘purchase’.
You don’t have to transfer the whole balance of a credit card when transferring a balance at a special offer rate. Perhaps try transferring a small amount (eg£50?) by paying by credit card to see how it goes through. If it doea and is a ‘purchase’ then transfer the rest of it.
June 3rd, 2010 at 12:48 am
If your first credit card was taken out before 1 April 2007 it may not be a legally binding agreement and you may be able to cancel it altogether. Find out at the website.