11+ Easy Tips Can You Use A Credit Card For Money Order. You can use a prepaid debit. This means that you will likely pay a higher interest rate from your.
Use online platforms like venmo or paypal to help you fund your credit card transfer, nationally, for about 3%. Most credit cards charge a cash advance fee of 3% to 5% of the transaction. If you’re buying a money order worth $1000, the fee could be up to $50, depending on your credit card.
Your Bank Will Charge You A 3% To 5% Cash Advance Fee On Each Transaction.
Most places don’t allow customers to buy money orders with gift cards. 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. Other places, such as usps, walmart, money gram, and walmart will not allow you to buy a money order with a credit card.
Some Companies Do Allow You To Use A Credit Card To Purchase A Money Order.
However, it is not typically a wise decision to charge a money order because of the way the transaction is processed. There are only two places where you can purchase a money order using a credit card: Credit card providers generally allow you to pay for a money order with a credit card, but they typically treat the transaction as a cash advance rather than a regular purchase.
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The easiest way to find out whether you can purchase a money order with a credit card is to ask. Both establishments will charge separate fees from any credit card fees that may be applied to this purchase. Most credit cards charge a cash advance fee of 3% to 5% of the transaction amount with a minimum charge of $ 5 to $ 10.
In Addition To The Money Order Fee, There Are Additional Fees For Obtaining A Credit Card Money Order:
Typically, the amount for a cash advance is the same as the available credit on the card, but you'll pay an upfront fee, and possibly a higher interest rate. 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. 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.
Here Are Some Such Alternatives That You Can Opt For Before Going For A Money Order Purchase Using A Credit Card:
If you do need to use a money order for whatever reason, buying it with a credit card should be your option of last resort. It will cost you close to $12 for money orders that amount to $100 if you go with western union. Some institutions accept credit card payments for money orders, while others don’t.