11+ Easy Tips Can You Use Credit Card For Money Order. Other payment methods for money orders: 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.
There are only two places where you can purchase a money order using a credit card: You can use a prepaid debit. 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.
Online Payment Using A Credit Card.
Prepaid cards are another alternative to money orders. If you use a credit card and always pay your bill. So, given the extra fees and interest charges you’ll accrue, personal finance experts agree that it’s almost never a good idea to use your credit card to buy a money order.
It’s Up To You To Decide If It’s Worth It.
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. The easiest way to find out whether you can purchase a money order with a credit card is to ask. You can typically buy one with cash, a transfer from your bank account or a debit card.
You Can’t Use A Store Gift Card, Like One For Cvs Or Rite Aid To Buy A Money Order.
10 rows john s kiernan, managing editorapr 22, 2022. Other payment methods for money orders: Yes, you can buy a money order with a credit card.
Cash Advance Fees Are Usually Set At 5% Or $10, Whichever Is Greater.
Simply select the service you want to use, enter your credit card information, and follow the instructions on how to get a money order. If you’re buying a money order worth $1000, the fee could be up to $50, depending on your 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.
You Can Purchase A Prepaid Card With A Credit Card And Use It To Pay For Items, Bills, Etc.
For international transfers, you can use revolut or transferwise. They’re a secure way of obtaining and sending funds because, unlike checks, money orders don’t bounce or expire. The minimum fee ranges from $5 to $10, depending on the amount you’re taking as an advance.