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Can You Buy Money Orders with a Credit Card? What You Need to Know

Learn if you can buy money orders using a credit card, associated fees, and safer alternatives like debit cards or cash.

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Video transcript

Generally, you cannot buy money orders directly with a credit card. Most issuers decline such transactions as money orders are considered cash equivalents. However, some stores may allow it, possibly counting the purchase as a cash advance, which incurs high fees and interest rates. It's advisable to check your credit card's terms or use a debit card or cash instead.

Questions and answers

  1. Can I use a credit card to buy money orders?

    Generally, most issuers do not allow purchasing money orders with a credit card because they treat money orders as cash equivalents. Some stores may permit it but often as a cash advance.

  2. What fees are involved when buying money orders with a credit card?

    If allowed, buying money orders with a credit card is typically processed as a cash advance, which incurs high fees and immediate interest charges.

  3. What are safer alternatives to buying money orders with a credit card?

    It's advisable to use a debit card or cash to buy money orders, as these methods avoid cash advance fees and interest rates.

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Continue exploring

For more information on payment methods and fees, explore our guides on how to use debit cards effectively, understand credit card cash advances, and alternatives for sending money securely.