Credit Cards Key » CreditCardsKey » Bank Credit Cards » Transfering Line Of Credit Into Bank Accounts And Credit Cards?

  #1 (permalink)
: Can I do this to cover major expenses?

  Reply With Quote
  #2 (permalink)
: Unless there is a limit to how much you can with draw from said line of credit, of course you can move money around from it. That is what it is there for. Just be careful with using debt to cover debt. You will be paying off interest on the credit card. Then when you pay back the line of credit you will be paying interest on that money too. So you will be paying double interest. But depending on the credit card rate it very well might be worth it.
  Reply With Quote



Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
Balances on open service/professional accounts, and Number of bank card accounts as hits against credit.? Jen Credit Card Services 0 12-18-2012 04:05 AM
Is it a bad idea to close out credit cards and bank accounts once paid off? FrostedCookies Bank Credit Cards 3 10-22-2011 10:06 PM
Question about credit card accounts and bank accounts? SherylD Bank Credit Cards 3 10-02-2011 04:06 AM
Someone used my SSN to open bank accounts, credit cards, and house loan - none have showed up on credit report? Anthony Bank Credit Cards 0 10-01-2011 04:06 AM
Which credit cards and bank accounts don't charge maintenance fees? TheNerd Bank Credit Cards 1 09-11-2011 04:05 AM

Friendly Sites:

Copyright 2014, All Rights Reserved