What Does Transfering Money To Your Credit Card Account Do?
June 15th, 2009 | by Frenday |Obviously you pay off a credit card bill with a check or using bill pay through your bank. I have a credit card account through Wells Fargo, and I notice that when I choose to transfer money from my checking account to one of my other Wells Fargo accounts, I can transfer it to my savings as well as my credit card account. What happens when I transfer money to my credit card account? I did not know you can do such a thing. Is that for stashing cash away so I have money come bill paying time?
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3 Responses to “What Does Transfering Money To Your Credit Card Account Do?”
By minime on Jun 15, 2009 | Reply
It just pays your balance. It is for convience.
By Baby Backpacks on Jun 15, 2009 | Reply
no it will actually count as a payment
I do it all the time with my Citibank and Chase accounts
By lisa s on Jun 15, 2009 | Reply
yes, it is just like making a payment!