Quick Answer: Is It Illegal To Pay A Credit Card With A Credit Card?

The short answer is no, at least not in that way.

Credit card issuers typically don’t accept credit cards as a regular payment method.

Rather, they generally request that you make your payment using your checking or savings account, or with cash or check at a local branch, ATM, over the phone or by mail.

How can I pay my credit card bill with a credit card?

There are 3 methods by which you could use your credit card to pay another credit card’s bill.

  • Through Cash. Withdraw money from ATM for the credit card you want to make the payment with.
  • Through e-wallet. Transfer the money to an e-wallet from the credit card you want to make the payment with.
  • Through Balance Transfer.

Is credit card kiting illegal?

Unlike check kiting, which is illegal under nearly all circumstances, laws against credit card kiting are not completely prohibitive of the practice, thereby allowing it to be done to some degree. In order for prosecution to occur in a credit card kiting scheme, a bank must prove intent to deceive.

Why can’t you pay a credit card with a credit card?

Typically, you can’t simply pay your credit card bill with another card as if you were paying your utility or phone bill. Credit card companies don’t usually accept credit cards as a regular form of payment, in part because it opens the door for debt to revolve through your accounts in an infinite loop.

Can you pay a car loan with a credit card?

Whether you can make your car payment with a credit card will depend on your auto loan lender. Some lenders will accept credit card payments with no problem. Other lenders will accept credit cards, but will charge a hefty processing fee. You could also make your car payments with a credit card through a cash advance.

Can you use a credit card to pay another credit card?

Technically, you can use a credit card to pay another credit card, although you probably won’t be able to do this directly. But there’s a way around this: You can take a cash advance from one credit card at an ATM, deposit the money into your checking account, then use those funds to pay your other card.

Can you use a credit card to pay credit card?

The short answer is no, at least not in that way. Credit card issuers typically don’t accept credit cards as a regular payment method. Rather, they generally request that you make your payment using your checking or savings account, or with cash or check at a local branch, ATM, over the phone or by mail.

How do you liquidate a credit card?

Here are 3 easy steps for liquidating credit cards:

  1. Step 1: Find a credit card that will let you take the highest cash advance possible.
  2. Step 2: Find three or four other credit cards that will let you transfer a balance for 0% APR for twelve months.
  3. Take as large a cash advance as the first credit card will allow.

What is considered check kiting?

Kiting is commonly defined as intentionally writing a check for a value greater than the account balance from an account in one bank, then writing a check from another account in another bank, also with non-sufficient funds, with the second check serving to cover the non-existent funds from the first account.

Does Square run a credit check?

Square does not require a credit check on individual user accounts, but does require a credit check for commercial entity accounts.

Can I pay insurance with credit card?

The short answer is yes, many auto insurers offer the ability to pay for your auto insurance premiums with a credit card. Using credit cards to pay off your auto insurance can have many benefits, especially if you earn reward points and you pay off that bill in full, or every month.

Can you pay a house payment with a credit card?

Your mortgage lender will not accept a credit card to pay your mortgage. Even with Plastiq, paying your mortgage with a credit card has some restrictions. The terms and conditions prohibit you from using any Visa or American Express card to pay your mortgage through Plastiq.

Can you make a home down payment with a credit card?

Technically, you can make a down payment on a house with a credit card if you get a cash advance. If the house is cheap enough and your credit limit is high enough, you could even buy the whole house on your card, according to Nasdaq.