I’ve heard that paying off a credit card debt with another credit card is a big no-no. But are there any situations in which it would be the recommended thing to do?

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Posted by Nile Godfrey (MONEY FORUMS: 4, Answers: 0)
Asked on May 3, 2016 10:52 pm
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Anyone looking at your credit history will see that exactly what you are doing. Your balance should be going down to improve your credit score. The ONLY time this might make sense is if you are carrying a balance (or more than one balance) on a card with a high interest rate, and you have the opportunity to consolidate those balances with a balance transfer to a card with a very low rate, you will save money on interest in the end. Balance transfers usually cost something upfront, so this is not a “free” transaction.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: May 3, 2016 10:56 pm