5+ Incredible Tips Can I Buy A Money Order With A Credit Card

5+ Incredible Tips Can I Buy A Money Order With A Credit Card. Just like with lottery tickets or cash advances, you can buy money orders with your credit card, but most experts recommend that you avoid doing so. Prepaid cards are another alternative to money orders. Can I Buy A Money Order With A … Continue reading “5+ Incredible Tips Can I Buy A Money Order With A Credit Card”

5+ Incredible Tips Can I Buy A Money Order With A Credit Card. Just like with lottery tickets or cash advances, you can buy money orders with your credit card, but most experts recommend that you avoid doing so. Prepaid cards are another alternative to money orders.

Can I Buy A Money Order With A Credit Card Online / Can You Buy a Money from determinate-backgrounds.blogspot.com

Purchasing a money order with cash or a debit card is usually a better option than buying one with a credit card, even if a retailer accepts credit. At western union, the usual charge for a money order up to $100 is $1.25, while an amount between $100.01 and $1,000 will set you back $1.50. Just keep in mind that credit card companies consider the purchase of a money order to be the equivalent of a cash advance, so the transaction will trigger an expensive fee and a high interest rate will take.

John S Kiernan, Managing Editorapr 22, 2022.

Here are the reasons why: When you take out a cash advance, your credit card issuer will charge you a cash advance fee on the transaction and your purchase will incur a higher interest rate. If you need to make a payment or send money, a money order could be a safer alternative to a personal check or cash.

Why Buying A Money Order With A Credit Card Is A Bad Idea.

Purchasing a money order with cash or a debit card is usually a better option than buying one with a credit card, even if a retailer accepts credit. This can range from as low as $.80 all the way up to nearly $2 depending on the location. If you are looking to cash a money order, it is best to call ahead as not all locations offer this service.

Your Bank Will Charge You A 3% To 5% Cash Advance Fee On Each Transaction.

Can you buy a money order with a credit card? On top of the money order fee, there are additional costs of getting a money order via credit card: Prepaid cards are another alternative to money orders.

You Can’t Use A Store Gift Card, Like One For Cvs Or Rite Aid To Buy A Money Order.

Most credit cards charge a cash advance fee of 3% to 5% of the transaction. Use online platforms like venmo or paypal to help you fund your credit card transfer, nationally, for about 3%. Most credit cards have a “cash advance apr” that’s higher than the normal purchase apr.

Cash Advance Interest Rates Can Be As High As 25% Apr, Which Means Your Money Order Could End Up Costing You More Than You Realize.

So, for a $100 money order, you’d pay $10, and on a $500 money order, you’d pay $25. You can typically buy one with cash, a transfer from your bank account or a debit card. For starters, buying a money order with a credit card can be expensive.

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