Do you use one credit card to pay off another one?

Yes I have used balance transfers to pay off other credit cards and have been very successful of eliminating debt. I think it is well worth it, just needs to be disciplined and not use the other credit card again and rack up more debt. I at first wasn't disciplined and would remember I had another card, which is empty and would charge whatever I want. By the time the year came I was more in debt then before. So basically what I started doing was opening new credit cards, using the balance transfers which was usually zero interest for first yr. As soon as I did that I would cut up the old credit card which I paid off and within 3 months close the cards. I know it doesn't look good to be closing to many cc, but if you already have so many open it looks smart to close some but keep a few open, and ocassionaly buy SMALL items to show that you have activity , b/c if you are inactive on a cc that also jeopardizes you credit score. THis is my suggestion. Hope it helps. ;)

No, I haven't done it before. I don't like the feeling to be in debit. Usually I will pay off the money to the credit card company every month before the deadline.

The only way to come out of credit card debt is to get it cancelled. My husband had a credit card of a big international bank and he was caught in the trap of balance transfer and all that. He will pay his bills in time but bank will delay in transferring funds and charge him for late payment and interest. He had to get the card cancelled and that too was full of tension. Now with card cancelled he is at peace.

I hold several credit cards and I use them interchangeably, spreading my spending over different cards. However, I make it a practice to never roll over any credit card bill nor pay only the minimum monthly payment. Usually I will pay each bill in full. So in reality, I do not have credit card debts. This practice makes me conscious of my spending, so if I cannot afford to pay my bills in full, I will hold back buying things and chalk up less credit. This has worked well for me.

Yes, I have used the balance transfer offer of the other credit card to pay off my debt from the other card; and I must say, I had done it successfully. I guess it's just a matter of self-discipline. Once you had wiped off your debt from your other card, be wise in your spending so as the same problem would not be happening over again. As for me, I usually use my credit card a week after the statement date. In this way, I could have around two months before the payment is due. Credit card is good if you know how to use it wisely.

yes i do use them but if i get a good offer on balance transfer only.otherwise itsa no no.if you are earning no need to pay off like this.but if not always use thebalance trnsfer facility.

I've heard of people who use one credit card to make the minimum repayments on another credit card, and have gotten into all sorts of strife by doing this, but I've personally never been in a situation where I have had access to two credit cards at one time. Logically, it doesn't make sense to me to do this, as one lot of interest is bad enough, let alone the double whammy that this scenario presents. I've also seen instances where people have successfully used the balance transfer option to pay off their existing balances qith 0% interest, and I have actually tried this once. It hasn't really been what i would consider successful, but I can't say that it hasn't been good at the same time. I think an ideal option would be to transfer all credit card debt and personal loan debt into a personal loan- debt consolidation loan which has lower interest (usually half at least) then any credit card, and make more than the minimum repayments.

I used to do that but a few years back I got myself in alot of credit card debt and had no choice but to file bankrupcy, today I have one credit card with a low creit limit to bulid my credit back up and I only use it for emergencys

I have done that, it is nice when you get zero percent interest for a while. You can really get the balance down.

i do only one time, but was my boyfriends........another no..myry

I have such a fear of getting behind on those things, that I only have one and one only. I then make at least double minimum payment each month if I can not pay off the balance.

No I used to have more than one credit cards, but I found that they confused me and I ended up over-spent every month. I had to cut out two credit cards and only kept two myself, one for regular shopping and one for emergency uses only. I now feel a lot better with less credit cards and I could check easily on the amount I have spent in a particular month. In here, it's not wise to use one credit card to cover another one, I knew people like that and it was such a mess and they ended up owning more and more money because of the high interest rate. They ended up having to loan from the bank and wipe out the credit card debts all together and return money to the bank every month.

Actually, it seem to be nice but it will end up the same thing... the good thing is you have to pay off early before the interest year start. I do that for an emergency only.