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Can i pay my capital one credit card with cash

Can I Load Up Money on a Prepaid Cash Card With a Credit Card?

Can i pay my capital one credit card with cash

A prepaid cash card allows you to make purchases online, over the phone or in a store like you would when using a credit or debit card. However, instead of debiting your bank account or credit card balance, a prepaid cash card deducts your purchases from the money you have previously loaded onto the card. While you usually cannot transfer money directly from a credit card to a prepaid card, you can obtain cash from your credit card and use it to reload your prepaid cash card.

Credit Card Check Cash Advance

Use the cash advance checks that came with your credit card to deposit funds onto your prepaid card. Make a check out to yourself, cash it and load the cash on your card at a retail store or check cashing institution. Some retail stores allow you to make out a cash advance check to the business, and the customer service representative will then deposit the funds onto your prepaid card. This method may save you money, as you will not have to pay personal check cashing fees along with prepaid card loading fees.

Withdraw cash from your credit card at an automated teller machine or bank, and load the cash onto your prepaid card at a retail store or check cashing business. To withdraw cash from your credit card at an ATM, you will need a personal identification number, and the ATM will generally charge a fee. Some banks may process a cash advance from your credit card without a PIN or a fee, but some require you to have a bank account at the institution to do it for free.

Prepaid cards and credit card cash advances often include expensive processing fees. Prepaid card companies may charge fees for opening, loading or using the card; taking out cash at an ATM; checking the card balance; and account maintenance. Credit card companies may charge initiation fees for cash advances as well as interest, and the interest charge for cash advances is often higher than the interest charge for purchases. Retail stores and cash checking establishments also charge fees for cashing checks and loading prepaid cards. Fees and regulations vary widely based on the type of card, company or store.

Another option is to load your prepaid card by transferring money from your bank or from an online money service, such as PayPal. These options may save you money, as you won't be subject to both cash advance and prepaid card fees.


Can i pay my capital one credit card with cash

Can i pay my capital one credit card with cash

Finding the right business credit card can be difficult because there are so many choices. For Capital One business credit cards there are 6 different cards: 3 cash back earning cards and 3 miles earning cards. Although it might seem overwhelming at first to decide among 6 cards, there actually isn’t too much difference between the miles and cash back cards. Instead of focusing on this distinction, you can choose the best Capital One card by looking at your spending habits and credit score.

In this guide, we summarize the three cash back cards in the first table and the miles earning cards in the second table. After that, we provide recommendations on when to use specific Capital One cards and explain the various features of Capital One cards.

Need some money for your business? Click here to get our FREE Guide:

How to Get a Small Business Loan.

Capital One Spark Cash Back Business Credit Cards

Rewards points for these cards can be redeemed as a statement credit, check, or gift card.

with high spending

levels who want to

number of points

a balance transfer.

with average credit

rejected for other

if you spend $5,000

in first 3 months

card in 60 days.

in first 3 months.

on all eligible

on all eligible

no transfer fees

no transfer fees

no transfer fees

redeemed for travel?

reimbursed as a

reimbursed as a

reimbursed as a

Capital One Spark Miles Business Credit Cards

These cards offer miles that can be redeemed for travel as well as cash, gift cards, etc.

Spark Miles Select

with high spending

levels who want

to maximize the

number of miles

are planning to

do a balance transfer.

who are willing

miles in exchange

miles if you spend

$5000 in first 3

months plus 5,000

miles for getting

miles if you spend

no transfer fees

no transfer fees

no transfer fees

redeemed for travel?

required to qualify

Capital One offers 3 cash back cards and 3 miles earning cards. The miles cards are a good choice if you travel frequently, but there actually isn’t a whole lot of difference between the miles and cash back cards.

The right Capital One card for you will depend on your business’ specific spending habits and financial needs. There are three situations in which we recommend Capital One above all other business credit cards. These situations are detailed below.

Lower Credit Score: Try Spark Classic

Capital One Spark Classic is a good option for business owners with lower credit scores. When you apply for a business credit card, the issuer will assess your personal credit score in deciding whether you qualify for the card. Almost all business cards require excellent credit. For example, one website found that people who qualified for Chase Ink Plus or Chase Ink Cash had an average personal credit score in the 720s. In contrast, reviewers on Credit Karma say they were approved for the Spark Classic with scores in the low 600s and some with even less. So give this card a try if you’ve been rejected for other business cards.

Of course, be prepared for the fact that your credit limit may not be too high if you don’t have a great credit history. Credit Karma users reported starting out with a $1000 – $2000 monthly credit limit on this card.

Balance Transfers: Try Cash Select, Spark Select, or Miles Select

The Capital One Spark Cash Select, Spark Select, and Miles Select card are great business cards if you need to do a balance transfer. A balance transfer (described in more detail below) is when you transfer outstanding balances from one or more credit cards onto a card with a low or 0 % APR. This can make your monthly payments more affordable and help you save more money on interest.

One of the downsides to a balance transfer is that you are usually charged a balance transfer fee that could outweigh any gains you make in saving on interest. Fortunately, Capital One Spark Cash Select, Spark Select, and Miles Select cards do not charge balance transfer fees, and they feature 0 % APR for until October 2015 or January 2016, depending on which card you select. You can transfer your balances and fee pay no fees and no interest for several months.

High Spending Levels: Try Spark Miles or Spark Cash

Spark Miles and Spark Cash give you 2x rewards points with no cap on the number of points you can earn. This is one area where Capital One trumps Chase Ink. Chase Ink limits the number of 2x and 5x points you can earn to the first $50,000 you put on the card each year. Capital One has no limit, so if you spent $100,000 on your Spark Miles or Spark Cash card in one year, you would earn 2000 points. If you plan to charge a lot of business expenses to your card, you can rack up a lot of rewards points with a Capital One card.

4 out of 6 of Capital One’s business cards offer sign-on points bonuses to business owners for opening an account. Taking full advantage of these bonuses can give you some extra dollars to spend on travel or other business expenses.

The Spark Cash and Spark Miles cards offer the biggest point bonuses. There are two different bonuses. First, you can earn $250 or 25,000 miles (equal to $250 but can be more easily redeemed for travel) by spending at least $5,000 on your card within the first 3 months of opening your account and then an additional $50 or 5,000 miles by signing up for one or more employee cards within the first 60 days of opening your account.

The Spark Cash Select and Miles Select cards offer smaller introductory bonuses. You can earn $100 or 10,000 bonus miles when you spend at least $3,000 on your card in the first 3 months. There’s no additional bonus in this case for getting an employee card.

Of all the cards we reviewed, Chase Ink Plus offers the most generous sign-on bonus, twice as big as Capital One’s. They will grant you 50,000 rewards points when you spend $5000 in the first 3 months. Even better, these points are worth $625 instead of the typical $500 when redeemed for travel through Chase’s travel portal.

Ongoing Rewards Points/Cash Back

In addition to an introductory bonus, most business credit cards give you the opportunity to earn rewards points on a continuing basis. All of the Capital One business credit cards offer some type of rewards points.

Points are structured as cash back or as miles depending on which card you get, but they have the same value (1 point = 1 cent) and basically work the same way. The “miles” label seems to be primarily for branding purposes. Miles can be redeemed for travel but can also be redeemed for cash, gift cards, and more. Cash back can be redeemed as a statement credit, check, or gift card. The only difference with miles is that you can book travel directly using your miles instead of paying with your card and getting reimbursed later. For example, if I book a $500 flight, I can ‘pay’ with 50,000 points. If I had $500 in cash back, I would first have to purchase the flight with my card and await reimbursement on my next statement or via check.

Spark Miles and Spark Cash offer the highest cash back, 2x miles and 2 % cash back, respectively, on all purchases. Spark Miles Select and Spark Cash Select give you 1.5x miles or 1.5% cash back, respectively, on all purchases. Finally, Spark Select and Spark Classic grant 1x miles or 1 % cash back, respectively, on all purchases.

In our opinion, there is one big advantage and one big disadvantage to Capital One’s points structure. On the one hand, you can earn an unlimited number of points with the Capital One cards (as much as your credit limit will allow). Chase Ink limits you to earning 2x and 5x points on the first $50,000 spent on the card in one year. However, 36 % of business owners carry a monthly balance of more than $10,000. If you’re likely to carry big balances, having no limit on points can really boost your points balance by the end of the year.

A big disadvantage to Capital One’s points program is that there are no category-specific points bonuses. Some cards, such as Amex Business Gold and Chase Ink, will let you earn 3x or 5x points in certain categories, like purchases of airfare or shipping supplies. Amex Business Gold even lets you choose a category in which to earn extra points. Unfortunately, Capital One doesn’t let you maximize points in business-specific areas.

Since many small business owners or employees travel for business purposes, we’ve dedicated one section to explaining Capital One’s travel benefits of the Chase Ink credit cards. Compared to Amex and Chase Ink, Capital One doesn’t have a great travel rewards program for business cardholders.

Most business owners who travel frequently prefer a Capital One miles card because you can pay for travel directly with your miles instead of getting reimbursed later. In other words, you can use 50,000 miles to ‘pay’ for a $500 flight on Capital One’s rewards center. Alternatively, you can book travel on a website like Expedia or Priceline or through your travel agent and then request reimbursement to your account.

Chase Ink Plus and Amex have much better travel perks than Capital One. On the Ink Plus card, your points value increases by 25 % when you book travel on Chase’s travel portal. Amex lets you transfer your points to leading frequent flyer and loyalty programs, sometimes on a greater than 1:1 basis (i.e. for example, earn 40,000 frequent flier miles for just 20,000 Amex rewards points). If travel is central to your business, we recommend Chase Ink or Amex over Capital One.

As a Capital One Visa Business cardholder, you will enjoy protections such as lost luggage insurance and travel accident insurance. See here for more details on these benefits.

Annual Percentage Rate (APR) is the cost of borrowing money on your credit card. We recommend paying off the balance on your card in full each month, so you’re not wasting precious business funds on interest. If you won’t be able to pay off the balance in full, then APR is an important consideration.

Three of Capital One’s Business cards offer 0 % APR for a brief introductory period. Spark Cash Select and Miles Select offer 0 % APR until October 2015, and Spark Select offers 0 % APR until January 2016. To compare, Chase Ink Cash offers 0 % APR for a full year.

After any applicable intro periods. the APR for Capital One cards hovers between 10.9 % to 22.9 % variable, depending on which card you choose. Your exact APR will be determined by a number of factors, such as your creditworthiness and credit limit.

As is typical with credit cards, Capital One APRs are variable, meaning that they can change based on market conditions. Credit card interest rates have fallen over the last few decades, but there’s usually not too much variation from year to year.

Remember that your regular APR can change under other circumstances too. For example, if you’re late with a payment, you are subject to a higher penalty APR. In addition, if you withdraw cash using your credit card (cash advance) or withdraw more than your credit limit allows (overdraft), you are subject to a higher APR and possible to other fees. Always review your cardholder agreement carefully, so you understand your APR.

Annual Fees and Foreign Transaction Fees

While APR is relevant only for those who keep a balance on their credit card, annual fees and foreign transaction fees affect all cardholders. Capital One is very competitive when it comes to annual fees and foreign transaction fees.

Capital One charges an annual fee for only two of its cards–the Spark Cash and Spark Miles. However, the fee is only $59 and waived for the first year. This is low compared to annual fees for other cards. For example, Chase Ink Plus charges $95 annually after the first year, and Amex Business Gold charges $175 annually after the first year. Remember, however, that you’re also earning more points with those cards, which helps to offset the larger fee.

A nice thing with Capital One is that there are no foreign transaction fees for any of its business cards. This is good news for small business owners or employees who frequently travel abroad.

Capital One business cards will be chip-enabled by the end of 2015. Chip technology makes international purchases more secure.

A balance transfer is when you consolidate the outstanding balances on your credit cards and transfer them to a low or no interest credit card to lower your monthly payments. As noted above, we suggest always paying off your balance in full, but a balance transfer can provide some welcome relief if you’re struggling from credit card debt.

Capital One Spark Cash Select, Spark Miles Select, and Spark Select are excellent choices for balance transfers. All three offer 0 % APR for several months (Spark Select until Jan. 2016) and no balance transfer fees. As a result, you can truly save on interest if you transfer your balances and pay them off during the intro period. Most other cards charge a balance transfer fee of $5-10 or 3-5% of the transfer amount.

Here’s an example to show you how you can save money with a balance transfer. For example, let’s say you owe $2,000 on a credit card that charges 12 % APR. You would have to pay $249 per month to pay off the balance over 9 months. If you transfer your balance over to your Spark Select card during the 0 % APR intro period, you could pay off the balance in 9 months by paying $222 per month. That saves you $243 in interest over the course of 9 months.

Employee Cards and Expense Tracking

If you have employees, you may want to issue a credit card to them to use for business purposes. All of the Capital One business cards offer free employee cards and limited expense management tools to keep track of charges that are made on the card.

Unfortunately, Capital One does not have a business-specific app for managing employee use of your card. You can use Capital One Wallet, an app designed to help you track spending, but this app doesn’t allow you monitor employee usage. In order to set employee spending limits, you must call Capital One’s customer service line. Also, Capital One is not set up to send you instant alerts when your employees use the card. You will, however, have online access to your employees’ monthly statements where you can see their spending activity. Chase Ink and Amex have a business mobile app for tracking employee purchases, uploading receipts, and importing expenses into bookkeeping software.

An excellent personal credit score is needed to qualify for all Capital One business cards, except the Spark Classic. If you have only average personal credit (high 500s to low 600s), we suggest applying for the Spark Classic card. This is one of the very few business credit cards that’s available for those with average credit.

Once you have a Capital One Business Card, it will appear on your business credit report as a business credit card. It sits separately from your personal financial accounts and normally shouldn’t affect your personal credit score. However, in the cardholder agreement, you have to personally guarantee (scroll down to and click “Rate and fee information”) that you will pay outstanding balances on the card. So, if you regularly miss payments, your personal credit score could take a hit. Remember that this is a business card, and your cardholder agreement limits its use to business purposes.

If you have very poor credit (under 550), your best option is a secured business credit card, such as the Wells Fargo secured business credit card. You must provide a security deposit, and this card is designed to help you repair your credit.

Need some money for your business? Click here to get our FREE Guide:

How to Get a Small Business Loan.

Capital One’s line of business credit cards doesn’t offer too many rewards points compared to Chase Ink or Amex, but it does have some stand out features. It’s good for businesses that spend a lot and want a card with no cap on the number of points that can be earned. It’s also good for businesses that are planning to do a balance transfer because several of Capital One’s cards offer 0 % intro APR and no balance transfer fees. Finally, Capital One Spark Classic is unique in offering a cash back credit card for business owners with average credit scores.


Capital One Secured Credit Card Review – Credit Diary Part II

Can i pay my capital one credit card with cashThe following timeline documents my experience with the Capital One Secured Credit Card between 2011 and 2013. If you want to know why I chose this card, please read: “Repairing my Credit with a Secured Credit Card“. I decided to keep an online diary and record my progress so I could get feedback from people using this card, as well as to help others who are experiencing credit problems and are thinking about applying for a secured card.

I am not a credit expert and I do not work for Capital One. This is my personal experience dealing with Capital One and a description of how I used their secured card to improve my credit. If used responsibly, you should be able to establish or re-establish your credit with pretty much any secured card. The key is, ALWAYS pay on time and never go over your limit. Basically, you need to use your credit card responsibly and have a little bit of patience as building credit history takes time. I also recommend you look for cards that do not charge high monthly or annual fees. I have compiled a list of great secured credit cards to build or rebuild credit.

This is a long article, as I mentioned, it documents more than two years of activity with the Capital One Secured Credit Card. Feel free to read the whole thing or just jump to the end and read my final thoughts and overall review.

This topic has generated a large number of comments and questions, so I created a forum section to discuss more about this card and other related topics (like how to improve your scores, removing collections from your reports, other secured credit cards, getting approved for prime cards, etc.). A lot of people have joined and have posted their own timelines and experiences. I will be happy to answer any questions you might have over there. Anybody is welcome to join!.

My Experience with Capital One’s Secured Credit Card

  • Always pay on time
  • Keep credit card balance below 30%
  • Take care of negative items on credit report
  • Increase my credit limit

  • January 9: Applied online and got approved for the Capital One Secured Master Card. Sent my online deposit of $49 plus $150 to raise my credit line from $200 to $350 (please read the security deposit section below for more info).
  • January 14: Received a confirmation letter in the mail from Capital One that my application was approved and that I should receive my new card in 7-10 business days.
  • January 25: Received an email from Capital One with subject: “we’ve shipped your new card”. The email said: “Your new credit card was mailed yesterday, and you should receive it within 7 business days. Thanks for being a Capital One customer.”
  • January 27: Received credit card with a $351 credit line (I was initially approved for a $200 credit line with a $49 deposit, but added $150 to increase it). Enrolled in online banking after completing card activation ($29 annual fee showed as a transaction on my account). Made first purchase without trouble.
  • January 30: Called to enroll in CreditInform (owned by Capital One). Was told I should receive a package within 5 to 7 business days including my user and login information. It took less than 5 minutes and operator was friendly and efficient. (CreditInform is no longer offered with this card, they now offer a similar service called “Credit Tracker”
  • February 14-17: Received the CreditInform handbook containing my credit report and credit score, as well as my login information to register online. Credit score shown is 619, which is already an improvement over the 568 I had seen on my last report a few months ago. Registered at www.mycreditinform.com (offered free of charge with Capital One’s secured credit card).
  • March 4: Paid first statement balance in full. Online payment took 2 days to get posted on my account and it was easy to set up (purchases seem to take a few days to appear online).
  • May 12: CreditInform update. My score dropped 10 points (from 619 to 609). Not great news, but I’m still positive that my next report will show an improvement. I think it’s too soon to see any major changes on it as I’ve only had the card for less than 4 months (please read July 29 post for an update on this).
  • July 11: My credit score on my monthly report at CreditInform went from 609 in june to 639 in July.
  • July 29 : Realized that credit scores provided by mycreditinform.com are what they call “FAKO” scores, which are not real credit score. Most creditors or lenders will look at a FICO score and not a FAKO. I’ve been comparing my Experian score, which is one of the “Big Three” major credit reporting agencies, with my CreditInform score for two months, and they differ substantially. While my credit score with CreditInform has been improving and it’s now a 639, my Experian credit score is 588, only 20 points more than my starting score almost six months ago (568). For this reason I’ll stick to posting scores provided by either Experian, Equifax or TransUnion.
  • August 18: First credit line increase! Received an email from Capital One saying:

“Sometimes being a responsible customer pays off—like right now! We’ve increased your credit line by $100. This increase is unsecured and provided automatically, so you don’t need to send an additional deposit to cover it”

Not a big increase, but a confirmation that I’m heading in the right direction. My new credit line: $450.

  • September 5: Added a forum section to this site so people can post their reviews and timelines. Everyone is welcome to join!
  • September 9: Checked my Experian credit report. My score hasn’t improved in months (still in the 580’s) and I’m starting to realize that a single secured credit card with a $450 credit limit is not going to be enough to get me out of this hole. I need to take care of all the negative items on my credit reports if I want to see real improvement. Negative items include: 2 accounts in collections (unpaid medical bills), 1 “Paid Charge-Off” (case closed), 2 closed cards that were past due more than 60 days (1 credit, 1 store card). I’m currently in the process of removing the 2 collections. Will open a second secured card soon (considering Citi, Orchard Bank or Bank of America secured cards). I’m curious to see the impact these changes will have on my report in a couple of months.
  • September 15-27: Made an additional $50 deposit to increase credit limit to $500. Deposit was posted on my account about 10-12 days later and I received a letter on the mail confirming my limit increase.
  • November 2: Credit score went from 579 to 636 after paying off the two collection accounts on my credit report (a 57 point jump!). I had been stuck on the same score for months, so I’ve been working on cleaning up my report and it’s paying off.
  • November 3: Opened a secured credit card with Bank of America with a 4k credit limit. I applied for this card at the bank not online. They offered me the BankAmericard Cash Rewards Secured Credit Card. I didn’t even know that a Secured Card with cash rewards existed. I’m hoping that a 2nd secured card with a larger limit will help boost my score and get things going a little faster.
  • November 4: Not even 24 hours after opening the BOA secured card, it’s already showing on my report as “Current”. My score improved another 29 points for a total of 86 points in two days. My new Experian score is 665!

  • January 18: I’m getting close to the 1 year mark with this card and received my 12th statement a few days ago. I’m still waiting for a second line increase but who knows if it will happen. I haven’t been using the Capital One card as much since I opened a cash rewards secured credit card with a larger limit.
  • January 26: My Experian credit score increased by 11 points from 662 to 673 after a paid medical bill was removed from my report.
  • February 15: Called Capital One after a year of having this account in good standing. I wanted to see if I qualified for a better card, a limit increase or an upgrade. An “account specialist” encouraged me to apply for an unsecured card with them but told me they could not increase my limit, upgrade or graduate my secured account. My only option was to apply for a new card and close the other one or leave it open if I wanted. I decided not to apply as I do not see the point of having two credit cards with the same bank, nor I want to close an account that’s already a year old as this will affect my credit.

  • April 2: Emailed Capital One’s CEO and requested that my secured card be product changed to an unsecured card and my deposit refunded. About ten days later y received a letter stating this was not possible.
  • April 19: Called to close my Capital One Secured card after having it for more than two years. This took about 5 minutes. The representative was helpful and didn’t try to convince me to keep the card or apply for a new one (which I thought was a good thing). He said my deposit will be refunded within two billing cycles, though I’ve heard it takes less than that. I’ll update as soon as I receive my refund. When I log in to my account online, I can see a message right below my account name saying “This account is currently closed”.
  • April 26: Received my security deposit refund check today, just one week after closing my account. My account had a zero balance with no pending charges and I called one day before my statement cut, so I’m sure that helped.
  • Final Status: This account is now closed. I had the Capital One Secured Card for more than two years. I always paid on time and never went over my credit limit. My credit line was increased once by $100 at around the 8 month mark but I did not receive any more credit line increases. After one year I called and asked for my account to be unsecured, but I was told I had to apply for a new card instead as they do not graduate accounts. After two years of having this card, I emailed a Capital One CEO and received basically the same response. Ten months after opening this secured account, I opened a 2nd secured card with Bank of America. At fourteen months I was approved for a car loan. Just before closing my Capital One account, I was approved for a Chase Freedom credit card. After opening the BOA card, my CapOne card didn’t get much use so I closed it in order to get my deposit back. My credit score improved more than 100 points since I started this whole process. Removing two delinquent accounts from my reports, getting a second secured card, paying on time, not going over my limit and letting my other credit accounts age, was key for improving my credit.
    • In one sentence: A great card to establish credit but once you have done this you will move on to better cards. Capital One is a great option for those looking to establish or rebuild credit. Capital One will most likely approve you even when other banks will not (however a few people have complained about being declined for this card). It is a good starter card, but will not grow with you over time. This means that it will never graduate to an unsecured card. You will also have to close your account in order to get your security deposit back. Credit increases are rare and not generous. Once you have established some history with Capital One, you can apply for an unsecured card with them or different bank. This is a great card to rebuild or establish credit history, but once you are able to bring your scores up, you will most likely close your account and apply for better cards. This card would be even better if Capital One offered graduation and returned security deposits to people that prove to be responsible and serious about handling credit.

    • Initial Security Deposit: $200. I was initially approved for a $200 credit card with a security deposit of $49. I sent an extra $150 to get a $350 credit line. After 6 months with the card I was given a credit line increase of $100 for a total of $450. I later sent an extra $50 for a $500 CL. A few months before closing my card I brought my credit line up to $3k. This was really helpful as other banks matched this credit line when I was approved for other cards.

    “I may not withdraw funds or request a refund of my funds at any time, other than by paying all of my obligations to Capital One and closing my account”

    If you are in the market for a secured card that requires a small security deposit, then Capital One is a great option (you can’t beat $49, $99 or $200). If you are looking to put in a bigger deposit to get a higher credit line and would like to get your money back in a fixed number of months, then you should consider other secured cards. For example, Bank of America refunds your deposit after 12 months and Citi does it after 18 months.


    “Can You Pay a Credit Card with a Credit Card?” — 3 Ways Explained

    Can i pay my capital one credit card with cash

    By: Brittney Mayer • June 28, 2017

    Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

    Advertiser Disclosure tap to close

    Whenever a member of my social group starts thinking about getting their first tattoo, they turn to Alan, our group’s resident expert with over two dozen of his own. Alan, well used to such queries, always gives the same advice: Be careful what you start because tattoos are like potato chips — it’s hard to stop with just one.

    In an amusing bit of coincidence, Alan’s advice to rookie tattoo enthusiasts is much the same as the advice I give to those friends who ask me about credit cards. Namely, that it’s often extremely tempting to collect more than one — especially for those who want to get serious about earning credit card travel rewards. As such, one of the first questions they always have (with visions of easy miles in their heads) is, “Can I pay my credit card bill with another credit card?”

    Short Answer: No, You Can’t Pay One Card with Another

    While it’s not what anyone wants to hear, the fact of the matter is that most issuers simply don’t allow you to plug in the number from Credit Card B to pay the bill for Credit Card A. There are two main reasons behind this restriction, both more or less what you’d expect (i.e., about money).

    The first reason is based on the same gripe just about any company has with credit cards: the fees. On an average credit card transaction, credit card processing fees are about 2% of the transaction total. For a $1,000 payment, the merchant would need to pay a whopping $20 to have the transaction processed. A checking account transfer, on the other hand, can usually be completed for less than $1. The table below illustrates the problem with credit card processing fees.

    The second reason for the restriction is exactly the reason many people want to use one credit card to pay another credit card bill: rewards. If consumers were allowed to make a large purchase on one credit card, rack up rewards, then earn more rewards on a separate card from paying the bill for the first one — well, the credit card issuers would quickly start hemorrhaging money through their rewards programs.

    Long Answer: You May Be Able to Indirectly Pay Off Your Bill

    For those who need to pay a credit card bill with a different card for financial reasons, there may be some indirect methods of making your payment. Keep in mind that each method will have its own shortcomings, however, so make sure you think it through (and crunch the numbers) before choosing a path.

    1. By Making a Balance Transfer

    Depending on the balance of the credit card that needs to be paid, the best option may be to perform a balance transfer. In this method, the balance from Card A is transferred to a new card, Card B, effectively “paying” Card A by eliminating its balance. (Before anyone gets too excited, there are no extra rewards here, either. Balance transfers are not eligible for any rewards points or cash back. This is true even if the credit card to which the balance is transferred offers rewards on regular purchases.)

    The real appeal behind performing a balance transfer is the potential to decrease the interest rate you are paying on your balance. In an ideal balance transfer, the interest rate of the new credit card will be (significantly) less than the interest rate of the first card. And, as every credit card holder should know, a lower interest rate means lower payments.

    Indeed, the best balance transfer credit cards will actually do more than lower your interest rate — they will terminate it, at least for a time. All of our top-rated picks for balance transfer credit cards offer introductory 0% APR periods, some up to 21 months, giving you more than a year and a half with an interest-free (and, thus, worry-free) balance.

    Discover it® – 18 Month Balance Transfer Offer

    • Our Take: "With a ridiculously good deal on balance transfers, low APR's, and a generous cash-back program, we can see why this card is so popular.
    • 0% Intro APR on balance transfers for 18 months
    • 5% cash back in rotating categories that rotate quarterly, up to $1,500 per quarter when you sign up for the quarterly bonus
    • 1% cash back on all your other purchases.
    • Matches the cash back you've earned at the end of your first year (only for new cardmembers)
    • No limit to the amount of cash back that can be matched"
    • See application, terms and details.
    • Unlimited 1.5% cash back on every purchase — it's automatic
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • No minimum to redeem for cash back
    • Cash Back rewards do not expire as long as your account is open
    • No annual fee
    • See application, terms and details.
    • Our Take: "One of our favorite cards, with long 0% intro APRs, low ongoing APRs, awesome cash back rewards, and lots more.
    • 5% cash back in categories that rotate quarterly, up to $1,500 per quarter when you sign up for the quarterly bonus
    • 1% cash back on all your other purchases
    • With Cashback Match you could turn $200 into $400, as the card matches the cash back you've earned at the end of your first year (only for new cardmembers)
    • No limit to the amount of cash back that can be matched"
    • See application, terms and details.
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
    • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
    • Unlimited 1% cash back on all other purchases - it's automatic
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • No minimum to redeem for cash back
    • See application, terms and details.

    Wells Fargo Platinum Visa® Card

    • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.15%-25.99% variable APR; balance transfer fees apply
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Card
    • Free access to your FICO® Credit Score with Wells Fargo Online®
    • Zero Liability protection for promptly reported unauthorized transactions
    • Convenient tools to help create a budget and manage your spending with My Money Map
    • $0 Annual Fee
    • See application, terms and details.

    While this may all sound like a sweet deal, there is one catch: the fees. The average credit card will charge between 3% and 5% of the transferred balance for the service.

    The best way to determine if a credit card is eligible to participate in a balance transfer is to thoroughly read the cardholder agreement (which is a good thing to do either way). The cardholder agreement should also show the balance transfer limit. The amount you can transfer will depend on the terms of agreement of the card receiving the transfer and may be less than the spending limit on the card.

    Using a cash advance is the least recommended of the three methods, but may be a better alternative to not paying a bill at all. The method is a bit twisty, involving multiple steps — and a checking account intermediary. To start, check your cardholder agreement to find the cash credit line limit; this amount is the maximum amount of cash that can be advanced with that credit card. The amount is likely to be around 10% to 30% of the card’s credit limit.

    To receive cash through an ATM, you will need to contact the card issuer and set up an ATM pin. In many cases, this can be done online. Alternatively, you can go to the bank backing the credit card (go to a Chase bank for a Chase credit card) to receive funds. Once you have the cash advance, the next step is to deposit that cash into a checking account. Most banks will make a cash deposit available within 24 hours. Then, simply use the checking account to pay the credit card bill.

    Naturally, this method has a catch; technically, a cash advance is a loan — a really, really expensive loan. Not only will you pay a hefty fee for the privilege of withdrawing cash with your credit card (typically $10 or 5% of the advance, whichever is greater), but the balance transfer amount will be subject to a much higher APR than the rest of your balance. Be sure to determine exactly how much that cash advance is going to cost before going through with it.

    While this is probably not the most practical method for the majority of people, there is a way to use the rewards you earn on one credit card to pay some or all of the bill for another card. Similar to the cash advance method, it will involve a checking account.

    The first step is to redeem your rewards. If you are redeeming a cash back reward, this is as easy as simply having the credit card issuer deposit the money into your checking account. Most rewards programs that use miles or points will also provide a cash back option.

    Once deposited into a checking account, the cash rewards can be used to pay any bill you like, including a credit card. The best part of this method is that you will not have to pay any additional fees and your interest won’t increase.

    The Best Method is to Save Before You Buy

    Of course, when it comes to credit cards, the best method of all is to simply save the necessary cash before making any purchases. Not only will this save you from having to scramble to avoid paying a bill late, or missing a payment altogether, but will also ensure you don’t end up paying a lot of interest.

    One of the most effective methods I’ve learned for saving, especially for big items, is actually based on more of Alan’s sage advice. To begin with, get a slip of paper describing what you want (maybe an ad for that new TV, or, in Alan’s case, the design for a new tattoo) and place it in a jar. Then, every day or week — or just when you can — add money to the jar. That’s it.

    Over time, the jar will fill up, and, eventually, you will have saved the money needed for whatever you placed in the jar. When the time comes, if you haven’t changed your mind about what you want — go for it. Charge the purchase for the cash back or travel miles, then pay the bill — in full — with the cash you saved specifically for that purpose. No late fees, no interest payments, and no worry over an unpaid bill. Voila!

    Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.


    Capital One® Quicksilver® Cash Rewards Credit Card

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    Over the Past 60 Days!

    • Regular Purchase APR 13.99% - 23.99% (Variable)
    • Intro Purchase APR 0% intro on purchases for 9 months
    • Intro BT APR 0% intro on balance transfers for 9 months
    • Annual Fee $0
    • Credit Needed

    • Click "APPLY NOW" to apply online
    • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
    • Earn unlimited 1.5% cash back on every purchase, every day
    • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
    • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
    • 0% intro APR on purchases for 9 months; 13.99%-23.99% variable APR after that
    • Balance transfers also have a 0% intro APR for 9 months; 13.99%-23.99% variable APR after that; a 3% fee applies to each balance transferred
    • Pay no annual fee or foreign transaction fees

    Foreign Transaction Fee None

    Cash Advance Fee 3% of the amount of the cash advance, but not less than $10

    Rewards Rate 1.5% Cash Back on every purchase, every day

    From the CompareCards.com Editorial Team

    The Capital One® Quicksilver® Cash Rewards Credit Card is perfect for those who want to earn a flat rewards rate on all of their purchases. Cardholders will earn unlimited 1.5% cash back on every purchase with no restrictions. This card also has a great introductory bonus offer of a one-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

    Unlike other cash back cards, you don't have to wait until you've accumulated $25 in cash back to redeem your rewards; you can redeem your cash back for any amount at anytime. Your cash back won't expire for the life of the account. There is also no foreign transaction fees which makes this card a great option to use while traveling overseas.

    With an APR of 0% intro on purchases for 9 months as well as a 0% intro on balance transfers for 9 months, this card is also a great option for low interest. There is no annual fee, and no penalty APR if you happen to miss a payment. The ongoing APR is 13.99% - 23.99% (Variable) based on your creditworthiness .

    Expert Reviews of the Capital One ® Quicksilver ® Cash Rewards Credit Card

    Can i pay my capital one credit card with cash

    This card has it all; a solid rewards rate and generous sign up bonus, a nice intro APR, and no annual fee.

    The one-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening is a great way to kick-start your rewards earning. Plus, this card comes with the most flexible cash back program on the market.

    You'll need excellent or good credit to get approved.

    Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Capital One.

    • Can i pay my capital one credit card with cash

    419 Total Ratings

    There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.

    These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

    +393 users submitted a rating without a full review

    48 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Bethany Gillette | Apr 27, 2017

    This is a great card. The cash back is very simple and easy to apply to your credit card bill. I received a pretty substantial credit limit increase without even requesting it after a few months of paying the bill on time. The interest rate isn't the greatest, but then again, neither was my credit when I applied for it. I was glad that I was approved for this card, and continue to use it regularly. Overall great card.

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    56 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Hendrix Melgar | Apr 22, 2017

    My first credit card, no one accepted and my credit was low. I paid 3 tvs for 4 years and my credit was low at 572. I never ever been late and capitol gave me a chance. In 2 years my credit is 750 and I have all the credit cards i need. I love it, u guys are excellent!

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    86 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Alfred Gwynne Tingley | Apr 13, 2017

    I love this card. Being able to turn the card off when not in use ia a great plus. Also i like seeing the charges on my phone right after it is approved.

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    145 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Mg Maxson | Mar 16, 2017

    I like getting paid to use this card. Everything goes fast and smooth. I got the $100 bonus one day after I had charged $500. It also helped improve my FICO score. GO FOR IT

    Reply | I found this review helpful Yes No

    179 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Lily Harkness | Jan 4, 2017

    I love this card. It has done wonders to my credit score, and I like getting cash back.

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    187 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Timothy Hulse | Dec 6, 2016

    Approved with score in low 600's and has been great for helping to rebuild my credit.

    Reply | I found this review helpful Yes No

    185 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Hazem Achouri | Jul 17, 2016

    Amazing card, very transparent, regular limit increase without request, i love it and will never close it

    Reply | I found this review helpful Yes No

    198 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Mike Popovich | May 18, 2016

    I've been Capital One for about 3 years. Whenever I had any problem with the account including false charges or merchant disputes they were quickly taken care of. Great rewards and also excellent banking options. I pay my balance every month so interest rates don't effect my rating. I highly recommend.

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    191 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Vicky Warzyniak | May 9, 2016

    Best and easiest CC I've had so far! Easy access online, on my phone, and good with notifications if a charge seems different from my norm. Cash back is earned right away on every purchase with multiple ways to use, including applying it to your balance. And if you're like me and pay your balance in full every month, I've earned $100's off of my purchases and it hasn't cost me a dime to achieve it. I look at this card as my own little personal discount card for everything. It is a win-win for me. I like that. Note: Card info needs to be updated, as it now has the fraud chip.

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    187 Found this review helpful

    Can i pay my capital one credit card with cash

    By: Tracy Weeks Tanney | May 3, 2016

    I really like the Capitol One Quicksilver. Interest is a little bit high, but i love the fact of the cash back rewards. It also is accepted anywhere i have used it so far. I don't know if there may be some places that don't accept it. I also like the ease of accessing my account and and they also email when payment has been posted. The rewards they offer are also very nice. you may take the money or one of their many giftcard options. I had never heard of the Quicksilver until a year ago and now i am very glad to have looked more into it. I probably should have given a higher rating than 4, probably more towards the 5 Star. I have also referred the Quicksilver to my family members and they are very happy that i told them about the card. There is no annual fee,,the late fee is a little high, but i don't plan on being late. you also have the option to change your due date if need be. Sometimes things change so they are willing to work with you as well. Thank You Capital One Quicksilver Credit card.

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