Pay another credit card bill from one credit card with this trickAvoid taking out loans to pay off your credit card debt. Balance transfer method can help you avoid this loan. By means of balance transfer it is possible to transfer the balance from one credit card to another credit card.
You don’t have to worry about having to pay the transfer amount right away. The loan does not have to be repaid with interest. You have 90 days to complete this task
In such a situation, if there is no money to make a purchase, it becomes easy to buy something with a credit card. When such situations arise, often even the credit card bill cannot be paid.
Then it is important to ask whether one credit card bill can be paid with the other. If you are in financial crisis and want to follow this trick then the following news is very special for you. If you don’t pay your bills on time, your credit score can take a hit.
Transfer balance from one credit card to another to pay the bill Credit card is transferred to. Such a facility is available from many banks. Credit card bill from another bank can be paid with one credit card.
Know what balance transfer is
Balance transfer facility is available on many credit cards offered by banks. In other words, expenses on one card can be transferred to expenses on another card. No additional process or documentation is required for premium card customers.
The processing fee and GST are charged by the bank where you borrow money for the balance transfer. Credit card customers have another chance to settle their dues using this facility. You do not have to pay interest on this.
Can use EMI facility
As an option to repay the balance immediately, you can also opt for the EMI plan. If your credit card limit allows, you can use Balance Transfer to pay bills. In the case of cards with a limit of Rs.50,000.
In such a situation, you cannot transfer more than Rs 50,000 to that card. However, if you choose the EMI option, you will have to pay interest. When choosing the EMI balance transfer option, make sure to check the interest rate. To avoid costly mistakes.
Read also- Credit Card Penalty: Know how to pay a credit card bill without penalty
