Is Paying Credit Card With Another Card Possible? Tips and Alternatives

In India, banks commonly impose restrictions on using one credit card to clear the balance of another. The main aim is to keep the borrowers in check and not let them get into debts by taking more loans. Yet in specific cases banks might allow such transactions and thus help customers with their payments and balance transfer.

The easiest way to use one credit card for indirect payment with another is to do a balance transfer. Here a new card issuer is requested to pay off the amount owing on existing credit one. Thus the card with the old debt has all its dues paid but under the new card and at most even at a lower interest rate or with promotional offers. Most going banking in India provide a balance-transfer option that allows customers to get rid of high-interest credit card debt by simply moving it to another bank.

Or one may do it the short way by getting a cash advance from one card and depositing it in the bank account and later on using the funds for paying the bill of the second card. This procedure is possible but generally not recommended due to the very high rates of interest and immediate fees that will be charged. No grace period for cash advances exists, making the debt very costly when paid this way.

In India, banks and financial institutions require that payments for credit cards be done only through linked bank accounts, UPI, or NEFT. Direct payments from one credit card to another are not allowed since they do not eliminate the debt they merely shift it. This situation is considered a risk to the borrowers’ financial stability by the institutions.

Cardholders lacking enough funds in their bank account might consider balance transfers as the best way out. Before moving on with the transfer, the users must check the fees and interest rates connected to the service very carefully. The methods of cash advances and unconventional ways can become expensive very fast. The third-party apps, digital wallets, or UPI transfers do not support card-to-card payments; only the official bank channels are allowed.

To conclude, even though direct card repayment between one another is implored mostly, balance-transfer services remain a trustworthy option. Cardholders should consider the costs and if they do not have any other option then only they should go for cash advances which are certainly not the best way out.