By David
As our banking systems grow more complex and new features are implemented, it raises questions among the populace. One such question raised is “can I pay credit cards with debit cards?” The simple answer is yes. There are a few different options to choose from when one goes about paying a credit card with a debit card.
Choosing your method
The very first thing to consider when you pay credit cards with debit cards is what method you’d like to use. For those just starting you may wish to consider a “pay over the phone” method. Though you will most likely have to navigate through a phone based options menu it does eventually lead to a real person who is there to help you through the process making this one of the easier, and least intimidating of the options.
Alternatively if you’re not one to shy away from computers, websites, and online financial transactions there is another option available for paying your credit cards with your debit cards that you may find even more convenient, especially if you’re not a fan of navigating phone menus. This of course is the “pay online” option which can be done in a couple different ways. If you have online banking that includes a bill pay system you can go to your banks website, set up a “pay to” account for your credit card and send payments right from there. Once it’s set up, simply check your credit card balance (either on your statement or by logging in to your credit card account online) and the amount you wish to pay (anywhere between the minimum and the current balance) and submit the payment request. Once you have the hang of this, it is a very quick and easy option. If your bank doesn’t have a website or bill pay, you can instead make payments directly through your credit cards web site. Just sign-in, your balance should be displayed fairly prominently on the first page for you somewhere, head to the payments section and enter the amount you wish to pay. If it is your first time, you will have to enter your debit card information including your debit card number, the name on the card, the expiration date, and the CCV (the three to four, digit security code on the back of the card next to the signature line). Once you have this information entered, you can opt to have the website save it for future payments saving you the hassle of entering it next time.
For even more convenience either your bank or credit card website may offer an automatic payment system. These are typically set up the same way as the other online payment methods, with the only difference being that they recur each month automatically.
As you can see, there are indeed a few methods available to you for paying your credit cards with your debit cards.
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