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Stock impact report

Can you pay off one credit card with another? [USA TODAY]

NerdWallet, Inc. (NRDS) 
Company Research Source: USA TODAY
If you want to move your balance to a different card with better terms, you can do a balance transfer. However, if you're in a pinch and need to use a credit card to make your minimum payment, you can take a cash advance and use the cash to pay the bill. However, this can be quite expensive and might cost you more than the late payment would have. What is a cash advance and how does it work? A cash advance is when you use your credit card to get cash or make cash-like transactions. Credit card issuers set their own terms and definitions, but cash advances may include: Withdrawing cash from an ATM or getting cash at a bank teller. Using a convenience check tied to your credit card to get cash or pay a bill. Sending money using a payment app, such as Venmo or PayPal. Buying money orders, foreign currency and lottery tickets. You can use the money for anything you want, including loan and credit card payments. However, credit card issuers usually charge an upfront cash ad Show less Read more
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