By Deacon Hayes, clarkhoward.com
Whether you’re short on cash or hoping to take advantage of bonus points, it may seem at times to be advantageous to pay your credit card payment by using another credit card. That begs the question: Is this possible? And more importantly, is it really beneficial to your financial well-being?
To answer the first question, it’s usually not possible to simply pay your credit card payment by punching in another credit card number in the payment area. Most credit card companies will only accept payments from a checking, savings or money market account. In other words, they want cash (or if you are old school you can write a check).