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Paying a credit card with a credit card.

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Anonymous
Not applicable

Re: Paying a credit card with a credit card.


@Anonymous wrote:
well that's awesome lol. good job on meeting spend. looks like the word "definitely" shouldn't be tossed around so casually.

You're right.  Sometimes we speak in absolutes when we shouldn't but humu and redpat were right to assume that it would be considered as a cash withdrawal because 99% of the time it would.  This is the first time that I've heard of someone being allowed to pay a credit card bill with another credit card.

 

 

Message 11 of 24
Anonymous
Not applicable

Re: Paying a credit card with a credit card.

yeah true, but most places don't give you a true spot for credit card numbers which is why i mentioned what i mentioned about being able to establish membership with a CC and it being coded as a purchase Smiley Happy
Message 12 of 24
Anonymous
Not applicable

Re: Paying a credit card with a credit card.

Agreed, Irish. I'm also not too sure that if the lender finds out you are paying a credit card with a credit card, that it wouldn't throw up a red flag of them wondering if something of concern was taking place (i.e., concern of you not having cash to pay the bill).

 

There are also certain "grey" areas of spend that have raised a flag before with a lender if a member tries to use those areas to meet spend, so that may be a concern. Just some things to consider.

 

Another thought would be that paying credit cards with credit cards results in further debt, unless you are disciplined enough to pay it down.

 

 

 

Like Irish, I've not heard of this before. My credit union wouldn't alllow it, and I wouldn't do it if they did. But best of luck to you and hope it all works out. Smiley Happy

Message 13 of 24
FinStar
Moderator Emeritus

Re: Paying a credit card with a credit card.


@Anonymous wrote:
well that's awesome lol. good job on meeting spend. looks like the word "definitely" shouldn't be tossed around so casually.

Agree, and to Irish's point, I'm aware of other CU's (very obscure ones at that) which allow this feature - both on the Debit and Credit side for payments.  That being said, not a standard feature for most banks even top CUs nationwide.  For instance there's a variety of CUs, even local ones, that allow or offer BT pomotions that count toward reward.  Alliant CU is one of them, for example.  Of course, the rewards aren't going to be "stellar" per se (depending on the BT $) when compared to peer CCs but the fact that most CUs do not incur BT fees and you can still earn rewards is not a bad option. 

Message 14 of 24
Anonymous
Not applicable

Re: Paying a credit card with a credit card.


@FinStar wrote:

@Anonymous wrote:
well that's awesome lol. good job on meeting spend. looks like the word "definitely" shouldn't be tossed around so casually.

Agree, and to Irish's point, I'm aware of other CU's (very obscure ones at that) which allow this feature - both on the Debit and Credit side for payments.  That being said, not a standard feature for most banks even top CUs nationwide.  For instance there's a variety of CUs, even local ones, that allow or offer BT pomotions that count toward reward.  Alliant CU is one of them, for example.  Of course, the rewards aren't going to be "stellar" per se (depending on the BT $) when compared to peer CCs but the fact that most CUs do not incur BT fees and you can still earn rewards is not a bad option. 


Don't argue with me!  Smiley Tongue  Thanks for the info.  Wasn't aware there were CUs out there that do this.

Message 15 of 24
FinStar
Moderator Emeritus

Re: Paying a credit card with a credit card.


@Anonymous wrote:

@FinStar wrote:

@Anonymous wrote:
well that's awesome lol. good job on meeting spend. looks like the word "definitely" shouldn't be tossed around so casually.

Agree, and to Irish's point, I'm aware of other CU's (very obscure ones at that) which allow this feature - both on the Debit and Credit side for payments.  That being said, not a standard feature for most banks even top CUs nationwide.  For instance there's a variety of CUs, even local ones, that allow or offer BT pomotions that count toward reward.  Alliant CU is one of them, for example.  Of course, the rewards aren't going to be "stellar" per se (depending on the BT $) when compared to peer CCs but the fact that most CUs do not incur BT fees and you can still earn rewards is not a bad option. 


Don't argue with me!  Thanks for the info.  Wasn't aware there were CUs out there that do this.


LOL.  I went on a major CU research phase over the good part of a year or so (ending sometime last year with the UNFCU approval) and that's where it opened my eyes with some of them as far membership, rewards and somewhat unorthodox features.  At the end of the day Irish is right though Smiley Wink

Message 16 of 24
Anonymous
Not applicable

Re: Paying a credit card with a credit card.


@FinStar wrote:

@Anonymous wrote:

@FinStar wrote:

@Anonymous wrote:
well that's awesome lol. good job on meeting spend. looks like the word "definitely" shouldn't be tossed around so casually.

Agree, and to Irish's point, I'm aware of other CU's (very obscure ones at that) which allow this feature - both on the Debit and Credit side for payments.  That being said, not a standard feature for most banks even top CUs nationwide.  For instance there's a variety of CUs, even local ones, that allow or offer BT pomotions that count toward reward.  Alliant CU is one of them, for example.  Of course, the rewards aren't going to be "stellar" per se (depending on the BT $) when compared to peer CCs but the fact that most CUs do not incur BT fees and you can still earn rewards is not a bad option. 


Don't argue with me!  Thanks for the info.  Wasn't aware there were CUs out there that do this.


LOL.  I went on a major CU research phase over the good part of a year or so (ending sometime last year with the UNFCU approval) and that's where it opened my eyes with some of them as far membership, rewards and somewhat unorthodox features.  At the end of the day Irish is right though Smiley Wink


Much better Smiley Very Happy

Message 17 of 24
Anonymous
Not applicable

Re: Paying a credit card with a credit card.

lol. i didn't know it said that without the bigger font.
Message 18 of 24
Anonymous
Not applicable

Met Spend Bonuses in 2 minutes. It worked!

The other day I posted about my credit union allowing you to pay your credit card with a credit card. Paid $3000 on Venture and $1020 on Venture One. Many people were skeptical thinking it would be considered a balance transfer. Capital One added the points and sent me a congratulations email. Whoop whoop. That was easy. $600 thanks Cap1.
Message 19 of 24
Anonymous
Not applicable

Re: Paying a credit card with a credit card.


@Anonymous wrote:

@Anonymous wrote:
well that's awesome lol. good job on meeting spend. looks like the word "definitely" shouldn't be tossed around so casually.

You're right.  Sometimes we speak in absolutes when we shouldn't but humu and redpat were right to assume that it would be considered as a cash withdrawal because 99% of the time it would.  This is the first time that I've heard of someone being allowed to pay a credit card bill with another credit card.

 

 


Just in case it really is "Argue with Irish day": they may have assumed based on what they know, but it was in fact wrong, and the use of "definite" black and white language was misplaced.   We saw this recently with person getting an over-the limit loan on his Chase card, nearly everyone predicting total disaster and it fact it was a great deal.   So bottom line: if you don't actually KNOW for certain, moderate your language more to "I expect" rather than "Definitely".    The credit space is much more complex!

Message 20 of 24
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