CREDIT CARDS - Building Credit?

This kind of question comes up all the time. No, it does not work and you are trying to make things way too complicated.

First, don't apply for multiple credit cards. Get one and use it for at least 6 months before applying for another.

Second, if you have to start with a secured card (which it sounds like you are talking about based on the "building credit" and "rebuilding credit"), it is foolish to get two secured cards and tie up cash for the deposit. Get one. Use it for regular purchases and pay the statement balance in full every month. That builds credit and avoids interest. In about a year, you should qualify for a regular card.

As to why you using one card to pay the other plan doesn't work, paying one card with another is called a balance transfer. There is a 3% to 5% fee, depending on your card terms. The balance transfer begins to immediately accrue interest at the much higher cash advance/balance transfer rate. In a few months, you will have racked up a ton of fees and charges on that $15.

Oh, and sometimes it takes up to 6 weeks for balance transfers to post. You likely run into late payament fee problems as well.

its an excellent line. i've got been analyzing up on it and what facilitates build your credit is to have a stability on the oldest card you have and make the month-to-month money plus alittle extra. So paying all of it off at as quickly as wont harm your credit, even with the undeniable fact that it would desire to not advance it the two. i think of it relies upon on what number you have open with a stability and what the full stability is. I examine additionally which you may desire to never have extra suitable than 50% of your complete shrink used. because of the fact which could placed a damaging on your score.

Lol just stick to one credit card before you jack up your credit.

I wish it was so easy my friend! No, it won't work. Get one credit card and stick to it.

so easy you cannot do this it falls under kiting laws it is illegal to pay a CC with a CC period