Question: Can My Friend Pay Off My Credit Card?

Can I keep transferring credit card balances?

You can generally transfer balances from as many cards as you like, as long as you stay within the new card’s credit limit.

This sounds like a no-brainer, but keep in mind that most balance transfer offers involve a fee for moving the balance from your old card..

Can I pay my taxes with someone else’s credit card?

The answer is yes. You can use two different credit cards to make your payment. … You can also use your credit card to pay someone else’s tax bill, but that person’s own Social Security number must be used when the payment is made to the account.

Can I pay off someone else’s debt?

You can take responsibility for someone else’s debt through a variety of different channels. Depending on the type of debt involved, buying someone’s debt can be extremely easy. … Then simply sign the loan or credit card agreement to “buy” the debt. You can also use a credit card to pay off someone else’s debt.

How do I pay into someone’s credit card?

How to Pay Someone Else’s Credit Card BillSend a Check.Use Online Bill Pay.Pay Over the Phone.Provide Your Bank Info for Online Payment.If You’re Paying With a Savings Account.

What is the best credit card for balance transfers?

Here’s a Summary of the Best Balance Transfer Credit CardsCiti® Double Cash Card.BankAmericard® Credit Card.Citi Simplicity® Card.Wells Fargo Cash Wise Visa® Card.Chase Slate®HSBC Gold Mastercard® credit card.U.S. Bank Visa® Platinum Card.Aspire FCU Platinum Mastercard®

Can someone else pay off my credit card?

But as it is their debt, are you able to help out? The answer is yes, you can pay someone else’s credit card bill.

Can I pay a friend using credit card?

Yes. There are several platforms you can use to send money with a credit card, from PayPal to Venmo. However, these apps and services charge a fee that is typically a percentage of the amount transacted. For example, Venmo charges 3% when you use your credit card to send money to people.

Can I balance transfer my wifes credit card to mine?

Yes, but only some providers let you transfer another person’s balance to a credit card in your name. … Only you (the person taking on the balance) can request the transfer. The provider will not allow the other person to make the transfer. Taking on someone else’s credit card debt is a risk.

Do balance transfers hurt your credit score?

Balance transfers between existing credit accounts typically won’t impact a score in terms of your credit history. However, when you open a new credit card the average age of credit will decrease.

Is it bad to pay off one credit card with another?

When Transferring the Balance From One Credit Card to Another Is a Bad Idea. Sometimes paying off one credit card with another is a bad idea. … You don’t plan to stop using the first card, which could then result in credit card balances and interest accruing on both cards.

How much does the IRS charge to pay with credit card?

Credit card tax payments incur a fee from the payment processor. The fee varies by processor and is currently 1.87% to 3.93% of the payment with a $2.50 to $3.95 minimum, according to the IRS.

How can I pay someone anonymously?

How To Pay Anonymously OnlineUse a Prepaid Credit Card or Prepaid Gift Card. You can buy a prepaid card (using cash, if you want) that does not have your name on it, then use it to make payments online. … Use a masked or virtual credit card. … Use Bitcoin or Monero. … Use PayPal To Be Semi-Anonymous.

Can my wife’s credit card debt affect me?

But in addition, debts incurred by you or your spouse during your marriage, regardless of whose name is on it, are generally deemed to be community debts, and both spouses are considered equally liable. So, even if the credit card debt was incurred by your spouse alone, you might be liable for it.

Why can’t you pay a credit card with a credit card?

Credit card companies don’t usually accept credit cards as a regular form of payment, in part because it opens the door for debt to revolve through your accounts in an infinite loop. But that doesn’t mean you can’t use one credit card resource to pay off or make payment on another’s balance.

Should I pay off one credit card or pay down two?

When you have multiple credit cards, it’s more effective to focus on paying off one credit card at a time rather than spreading your payments over all your credit cards. … You’ll make more progress when you pay a lump sum to one credit card each month.