How to Pay Credit Card Bill With Another Credit Card?

Some of the ways to pay your Credit Card bill from another Credit Card are as follows:

1. Balance Transfer

A balance transfer involves moving the outstanding balance from one Credit Card to another. Depending on your needs, you can transfer the entire balance or just a portion. This process helps you pay off the balance on your old card using the new card, which often comes with a lower interest rate and a promotional no-interest period for the first few months. This can make it easier to manage your repayments and reduce your overall interest costs.

Here are some points to note while making a balance transfer:

• Transferring a balance from one Credit Card to another usually incurs a fee of 3%-5%. Weigh this cost against the potential savings to determine if a balance transfer suits you. 
• Be aware that missing a payment, even during an interest-free period, will incur interest charges on the outstanding balance. 
• A balance transfer may have a slight impact on your credit score. Additionally, ensure your credit utilisation ratio is within your credit limit during the transfer process. 
• If the new card offers a lower interest rate, it is often promotional and lasts 6 to 18 months before reverting to the standard rate.

2. Cash Advance

Consider a cash advance if you need a fast way to pay a Credit Card bill using another Credit Card. This allows you to withdraw cash from an ATM that accepts Credit Cards. You can withdraw up to the cash advance limit set by your card issuer and use the funds to pay your bill.

• Before opting for a cash advance, keep the following points in mind:
• Cash advances attract a higher interest rate, often more than those applicable to regular Credit Card purchases.
• If you opt for a cash advance, you must pay a cash advance fee, typically 2.5% to 3% of the amount withdrawn. 
• ATM cash advances generally prove to be an expensive choice for Credit Card bill payments. Thus, you must consider your financial situation before using this facility. 

3. Digital wallets

Digital wallets offer a convenient way to store and manage money online, making payments, including Credit Card bill payments, simple and efficient. To use a Credit Card to pay off another card’s bill, you can load funds into your preferred e-wallet app, whether it’s a third-party service or one backed by your bank.

The process is straightforward and quick: enter your card details, authorise the transaction with an OTP sent to your registered mobile number, and the funds will be available in your e-wallet. You can then use these funds to pay your other Credit Card bill effortlessly.

All three methods of paying Credit Card bills with another card offer convenience. However, utilise this facility only on a need basis as you can find yourself in a debt trap. This method of paying your Credit Card dues is not the solution to the problem, but a quick fix when you don’t have any other option. Thus, it helps to conduct a cost-benefit analysis before using your Credit Card to pay off another card’s bill. Moreover, you may face an issue in using funds from your Credit Card if you exceed the Credit limit.

No matter the approach you decide to pay your Credit Card bill, you need a smooth interface to complete the payment process seamlessly. HDFC Bank ensures this with its user-friendly website and intuitive mobile banking app. You can pay your Credit Card bill on time by following a few simple steps. We also send reminders so you never miss your payments. Moreover, you can easily access all your Credit Card information on the go. 

Enjoy instant and effortless bill payment facilities with HDFC Bank Credit Cards. Apply Today!

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Credit Card approvals at the sole discretion of HDFC Bank Limited. Credit Card approvals are subject to documentation and verification per the bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.