How can i make a credit card payment of X bank through a credit card of Y Bank??? is there an option and if no then why is this option not available???
Merchants have to pay a fee whenever a credit card is accepted. therefore if a bank accepts payment via another banks credit card, that bank would have to pay the other bank a fee. a bank would lose money if they allowed that to occur so they don't allow it.
If you want to pay a credit card with another credit card, you will have to do a "cash advance" and pay a 3%-5% fee to pay off the other credit card. That is the way a bank makes money.
Credit card companies won't allow you to pay a bill with another company's credit card because they offer something called "Balance Transfer." To pay credit card x with credit card y, you have to move the entire balance of card x to card y, and you have to notify credit card company y that you're putting the balance on their card.
That is called balance transfer,for this call Y bank n request for the bal trfr to X Bank.
Its one of their business.Depending on the Bank ,they will charge processing fee n service charges...etc.,
Over all the advise is not to go for such things to avoid addl exp.
its the way credit works.. you could just keep bouncing it from visa to visa and screw over your charges.. you could just take out cash at an atm if your set up for that.. or just put money from your card to your debit card.. yup that's why its easy to avoid but hard as hell if you got a HIGH debt
You can't pay your credit card bill through another credit card. you have to pay through Balance transfer or You can deposit a Cash in The credit card provider bank.
How long take payment credit card withdrawn from bank account? if you make a deposit with your credit card, the amount will reflect on your gaming account
buy a van to live down by the river because that is where you will end up if you keep using credit cards to pay off other credit cards.
How can i make a credit card payment of X bank through a credit card of Y Bank?
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If a balance transfer is for 0% for 12 months with a 3% fee. Isn't that better than paying anything greater than 3%? The possible downside is the rate when the balance transfer expires and the ability to roll it over. I'm not saying it's smart, but it's smarter than paying a high rate if you're in a bind and it's an option.
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balance transfers are when you take the money you owe on one credit card and transfer it to another credit card. Many people do this because of interest rates.
>What? The guy who owns that sandwich shop kinda deserves to go out of business. Either build the fees into the final price or don't take credit cards. It's not exactly an advanced business concept. The credit card companies don't usually allow them to charge extra if people use a credit card. Otherwise they would.
Yes - that is called Balance Transfer - but in most cases the new Card will charge you Fees and Interest on Balance Transfers.
0% balance transfer to a new card
Profit margins at oil companies are pretty much inline with the rest of the companies in the S&P 500. Oil exploration and drilling are pretty expensive and there is always the risk that the 100 million dollar well you just financed will lose money if oil prices go south quickly. There are a ton of oil companies and they are constantly trying to compete on price. If you are looking for price gouging look at oligopolies like credit card companies and internet service providers.