Can I pay off a payday loan with a credit card? This question is about Payday Loan Consolidation: How to Do It & Alternatives

Can I pay off a payday loan with a credit card?

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This question is about Payday Loan Consolidation: How to Do It & Alternatives

Sarah Bilkins, WalletHub Credit Card Analyst

@sarah.bilkins • 10/25/21 This answer was first published on 10/25/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, you can pay off a payday loan with a credit card. A credit card will generally have a lower interest rate than a payday loan.

A good idea would be to move your payday loan debt to a credit card through a balance transfer. This way, you will owe the debt to the credit card issuer instead. You can find out which issuers will allow you to transfer a payday loan debt to their credit cards by reading WalletHub’s Balance Transfer Report.

You can also check out our editors’ latest picks for the best balance transfer credit cards on the market to weigh your options.

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