Can we pay credit card bill with same credit card?

Can You Pay a Credit Card Bill With Another Credit Card?

Using one credit card to pay another is generally not feasible. Credit card payments necessitate an external source of funds, such as a bank account or a debit card. This requirement prevents the creation of a cyclical payment system, ensuring that actual debt is reduced.

Why It’s Not Possible

Credit card transactions involve the transfer of funds from an external source to the credit card issuer. The issuer then deducts the payment amount from the credit card balance, reducing the debt owed.

If you were able to use one credit card to pay another, you would simply be transferring the balance from one card to the other, creating a circular payment system. No actual debt reduction would occur, and you would continue to owe the same amount.

Alternatives to Paying a Credit Card Bill With Another Card

If you’re unable to pay your credit card bill with another credit card, there are several alternative options:

• Use a debit card: Debit cards deduct funds directly from your bank account, providing a convenient and secure way to make payments.
• Make a bank transfer: You can transfer money from your bank account to your credit card account online or through your bank’s mobile app.
• Use a money order: Money orders can be purchased at banks or post offices and used to pay off credit card balances.
• Consider a balance transfer: If you have a credit card with a lower interest rate, you may be able to transfer your balance to that card, saving money on interest charges.

Conclusion

Paying a credit card bill with another credit card is typically not feasible due to the need for an external source of funds. By preventing cyclical payment systems, this requirement ensures that actual debt is reduced. If you’re unable to use another credit card to pay your bill, consider the alternative options discussed above to manage your credit card debt effectively.