Card To Card Payment: Pay from one Credit Card to another- Watch Video

We frequently find ourselves short on cash. The balance in the bank account is insufficient to cover the credit card bill. The question of whether we can pay one credit card bill using another credit card arises in such a circumstance. Yes, is the answer. Some methods, such as debt transfers, allow us to pay one credit card bill using another credit card.

What is Balance Transfer Facility?

Many banks offer the option of Balance Transfer facility on select credit cards. It means allowing transfer of amount spent from one card to another card. For a balance transfer, money is taken from one credit card and sent to another card. For this it is necessary that the credit limit of the other card is more than the amount spent. The bank from whose card you take the money for balance transfer, that bank charges GST and processing fee from you. In this facility, credit card customers again get a buffer period to pay the dues for which they do not have to pay any interest.