Using Your Visa to Pay Your Mastercard?

Have you ever thought about doing this? Maybe you've actually used one credit card to make a payment on another.

If you would like to know why this isn't an effective money management tool, what things you should be aware of, what are some of the pitfalls of using this technique, what are some of the dangers of using one credit card to pay another visit http://www.astepbeyond.ca/ for answers to these and many more questions.

Using one credit card to pay another credit card is a very expensive form of borrowing especially if you are using cash advances from one credit card to make a payment on another credit card.

Many people like to use this technique as a way of transferring balances from one credit card to another. They usually are not aware of the pitfalls of using this technique until it is to late.

Whats the actual cost of using this form of credit? Most of these lower rate cards are introductory offers only. What happens when the promotional period is over?