7. Credit card payments
Technically speaking, we can not charge our monthly credit card payment on a different credit card, but, we might have been tempted to get a cash advance from our credit cards in order to pay our monthly bills.
However, it’s not a good idea, since you’ll have to pay a cash advance fee that comes with a higher interest rate on that specific amount of money. Plus, forget about that grace period on the interest, you will not going to get it when referring to a cash advance.
Also, interest will skyrocket immediately. So, do not confuse your credit card with an ATM… You’ll most likely regret it.
