Chase Sapphire Preferred® Card - Banner

Do I Earn Points by Paying One Credit Card with Another?

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Our newbie question of the week comes from TPG reader Cee, who sent a message on Facebook to ask about credit card rewards:

“Is it ever advisable to pay one credit card with another credit card just for the sake of earning points?”

Many award travelers have daydreamed about the perpetual point machine: a device that would let you charge money from your credit card directly into your own bank account, earning rewards in the process. While some people have actually developed strategies that come close, it remains the unicorn of the points and miles world. Cee’s idea makes sense on the surface, but there are two critical reasons why it wouldn’t work and why this strategy would be much more likely to cost you money than to give you any sort of return.

Paying one card with another is known as a balance transfer. While there are plenty of rewards cards that offer low interest rates or even an introductory 0% APR on balance transfers, I don’t know of any cards that earn rewards on those transactions. You can easily pay one card with another, but I wouldn’t expect to get any points or miles out of it.

Furthermore, balance transfers tend to incur sizable fees (usually around 3%-5% of the amount transferred). Even if you could earn rewards, you’d be losing any value you gained to fees and interest and would probably come out behind in the end.

Chase Slate is a great option for balance transfers, but the card doesn’t earn rewards.

Balance transfers can definitely help if you’re looking to consolidate debt or lower interest rates, and there are rewards cards that offer good deals on balance transfers. For example, Chase Slate offers a 0% introductory APR for the first 15 months and waives balance transfer fees for the first 60 days. However, these cards generally don’t offer the best sign-up bonuses or lucrative benefits.

To maximize credit card rewards, make sure you’re taking advantage of bonus categories, and check out the TPG Maximizer and the TPG To Go app to see if you’re using the best card for each purchase.

If you have any other questions, please tweet me @thepointsguy, message me on Facebook or send me an email at

Chase Sapphire Preferred® Card

Apply Now
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A See Issuer's Terms Introductory Annual Fee of $0 the first year, then $95 0% Excellent Credit