Is Credit Card Payable With Credit Card?

You can perform this action known as “somersault arasında among the people. Although it is not recommended to close the debt to banks with debt, in some cases there is no way out of interest and it is preferable not to reduce the credit rating score and to prevent the increase in debt with interest. In this article you can find details of how to do this process, you can remove the question marks in mind.

How to Pay Credit Card Debt with Credit Card?

How to Pay Credit Card Debt with Credit Card?

To do so, you must have a credit card with more limits than the credit card to which you will pay. By withdrawing a cash advance or cash advance on your credit card with a limit, you pay the debt by paying it to the credit card that you are in debt, in other words you postpone it. There are a number of banks’ procedures for cash advance withdrawals. The bank also requires you to use your credit card regularly to make a cash advance.

The cash advance limit generally does not exceed 25% of your credit card limit. This limit is likely to be higher if you use your card on a regular basis and have previously paid cash advance withdrawals without disruptions.

Go to your credit card ATM where you will withdraw cash advance for this transaction, insert your card and enter your password. After selecting “Cash Advance de in the menu that appears, you will see the installment cash advance or normal cash advance options. What you should know here is that if you make a regular cash advance withdrawal, you will pay a cash advance transaction fee . In the installment cash advance option, interest + BSMV (Bank Insurance Transaction Tax) is charged according to the time of maturity.

 

Pros and Cons of Cash Advance

Pros and Cons of Cash Advance

It is a good option to meet instant needs. Various cash amounts can be used as a logical choice when needed during the day. However, it does not make much sense for long-term use because it is inevitable that you will be harmful as it will incur extra interest.

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