Can I Pay My Credit Card With Another Credit Card?
Your instincts are correct Jessica. There are no real get-rich-quick schemes out there. You could certainly get rich
slowly and could get out of debt fast. Which is what Debt.com is all about, but
clever loopholes for paying off your credit cards. The credit card companies
are way ahead of you boyfriend, that said you can use a credit card to pay off
another credit card. But it’s not as direct as your boyfriend thinks and it’s
definitely expensive. For instance, you could take out a cash advance on one card then use the money to pay off another. Of course you just racked up
huge fees on the first card and now you owe the money back in a few weeks at
equally high interest rates. The best way to pick one credit card against another is by signing up for a zero interest balance transfer. That means you move one high interest balance to a new card that charges you no interest but, like I said there’s always a catch. In this case it’s a limited time offer you might have six
twelve or even eighteen months before an even higher interest rate kicks in. If your boyfriend really wants to save money there’s one trick that can reduce
his monthly payments by up to 30 – 50% Go to Debt.com to find out how.