March 3, 2025
Can You Use One Credit Card to Pay Off Another?
Juggling multiple credit cards with varying interest rates and due dates can be overwhelming. To avoid penalties and mounting debt, timely payments are essential. But what if you're short on cash—can you use another credit card to pay off the first?
Technically, yes—but only through indirect methods. These include:
Balance Transfers
Transfer your existing debt to a credit card offering a lower interest rate. This can ease repayment pressure, especially during promotional periods with zero interest.
Cash Advances
Withdraw funds from credit card B to pay off credit card A. Be cautious—cash advances often come with steep fees and higher interest rates. Always check your cash advance limit before proceeding.
E-wallets or UPI
Some digital wallets allow you to use one credit card to fund payments to another. While convenient, this method may also incur transaction fees or interest depending on the platform and issuer.
Proceed with Caution
Banks generally discourage using one credit card to pay off another due to the potential for higher interest, additional fees, and deeper debt cycles. These options should be considered only when absolutely necessary—and ideally, as part of a broader debt management strategy.
