15+ Unique Ways Can You Use A Credit Card For Money Order. However, it is not typically a wise decision to charge a money order because of the way the transaction is processed. Money order credit card transactions are commonly processed as a cash advance.
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. If you need to send money securely: You can use a prepaid debit.
In Addition To The Money Order Fee, There Are Additional Fees For Obtaining A Credit Card Money Order:
On top of the money order fee, there are additional costs of getting a money order via credit card: Thankfully, there are a few places that accept gift cards, but there are restrictions. 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.
Other Places, Such As Usps, Walmart, Money Gram, And Walmart Will Not Allow You To Buy A Money Order With A Credit Card.
The easiest way to find out whether you can purchase a money order with a credit card is to ask. Before you can buy a money order or cashier’s check with a credit card, you’ll have to get a cash advance. If you’re buying a money order worth $1000, the fee could be up to $50, depending on your credit card.
Here Are Some Such Alternatives That You Can Opt For Before Going For A Money Order Purchase Using A Credit Card:
Other payment methods for money orders: I opened a lot of $5,000 cds (not available as a technique any more) with. And, depending on the issuer and location, you may be able to pay for one with a credit card.
Most Credit Cards Charge A Cash Advance Fee Of 3% To 5% Of The Transaction.
This limitation is because most money order issuers want you to provide the money on hand. Money orders can be a useful tool to securely make a payment or purchase. 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.
You Can Purchase A Prepaid Card With A Credit Card And Use It To Pay For Items, Bills, Etc.
Money order credit card transactions are commonly processed as a cash advance. It will cost you close to $12 for money orders that amount to $100 if you go with western union. Cash advance fees are usually set at 5% or $10, whichever is greater.