5+ Incredible Tips Can You Purchase Money Order With Credit Card

5+ Incredible Tips Can You Purchase Money Order With Credit Card. If you would like to send money to friends or family online, consider a money transfer. You can buy a money order with either debit or credit card. Can You Buy a Money Order With a Credit Card? from www.thebalance.com However, it is not … Continue reading “5+ Incredible Tips Can You Purchase Money Order With Credit Card”

5+ Incredible Tips Can You Purchase Money Order With Credit Card. If you would like to send money to friends or family online, consider a money transfer. You can buy a money order with either debit or credit card.

Can You Buy a Money Order With a Credit Card? from www.thebalance.com

However, it is not typically a wise decision to charge a money order because of the way the transaction is processed. Your bank will charge you a 3% to 5% cash advance fee on each transaction. You can expect to pay the average credit card provider as much as 22% in interest plus a cash advance fee (usually greater of $10 or 5%) each time you purchase a money order.

So, For A $100 Money Order, You’d Pay $10, And On A $500 Money Order, You’d Pay $25.

In doing so, make sure that you have the right information for the money order you want to check. Some companies do allow you to use a credit card to purchase a money order. The answer is yes — but there are a few things you need to know first.

It Will Cost You Close To $12 For Money Orders That Amount To $100 If You Go With Western Union.

If you would like to send money to friends or family online, consider a money transfer. Can you buy a money order with a credit card? The minimum fee ranges from $5 to $10, depending on the amount you’re taking as an advance.

This Can Range From As Low As $.80 All The Way Up To Nearly $2 Depending On The Location.

Most credit cards charge a cash advance fee of 3% to 5% of the transaction amount with a minimum charge of $ 5 to $ 10. Most credit cards have a “cash advance apr” that’s higher than the normal purchase apr. John s kiernan, managing editorapr 22, 2022.

June 28, 2021, 11:18 Am · 7 Min Read.

For starters, buying a money order with a credit card can be expensive. However, it is not typically a wise decision to charge a money order because of the way the transaction is processed. Most credit cards charge a cash advance fee of 3% to 5% of the transaction.

In Addition To The Money Order Fee, There Are Additional Fees For Obtaining A Credit Card Money Order:

They’re a secure way of obtaining and sending funds because, unlike checks, money orders don’t bounce or expire. Your bank will charge you a 3% to 5% cash advance fee on each transaction. Although some issuers let you buy a money order using a credit card, many credit card issuers consider this a cash advance and may charge you additional fees and high interest rates.

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