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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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.
FAQs & Answers
- 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.
- 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.
- 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.