How to Transfer Money From Credit Card to Credit Card

by Lynndee Marooney ; Updated September 11, 2015
You can easily transfer funds between two credit cards.

Transferring money from one credit card to another can be a useful option. For instance, you might want to purchase an item that costs more than the credit limit you have on one credit card. You would then transfer money over from a separate credit card and increase the available amount on the credit card you wish to use for the purchase. The transfer process is generally handled as a credit card payment from another credit card.

By Phone

You can transfer money between credit cards by phone.

Determine the amount of money you need to transfer. Write down the credit card information for the account you want to transfer the money from, as well as the information for the account you wish to transfer the money to. This helps keep the information straight when making the transfer.

Call the credit card company that you wish to transfer the money to. Follow the automated phone prompts to make a payment on your account. Select the option to make your payment by credit card. Enter the credit card information of the account you will be transferring the money from, and the amount of money you wish to transfer. The entire transaction is entered as a payment on your account.

Write down any confirmation number provided. Wait 24 hours and check both credit card account balances to ensure that the payment/transfer has been recorded properly.

By Internet

It may be easier to transfer the money online between credit cards.

Determine the amount of money you need to transfer and repeat the instructions from the previous Step 1.

Visit the website of the credit card you wish to transfer the money to. Follow the tabs or links to make a payment on the account. Select the option to make a payment with a credit card and enter the credit card information for the account you wish to transfer the money from. Enter the payment amount and submit the payment information.

Wait 24 hours and check both credit card account balances to ensure the payment/transfer has been recorded properly.

About the Author

Living in Denver, Lynndee Marooney has been writing finance and credit-related articles, guides, manuals and e-books for private companies since 1995. She holds a Bachelor of Arts in journalism and a Bachelor of Science in finance from the University of Maryland. She enjoys counseling clients who are experiencing financial difficulties.

Photo Credits

  • credit cards image by Aleksandr Lobanov from Fotolia.com