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 Debtcom 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 Debtcom to find out how