Can I Buy A Money Order With A Credit Card

 Olivia Luz    

 
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You can buy a money order with a credit card as well as with a debit card check or bank transfer.

Western union and 7 eleven. Y our card issuer will categorize the transaction as a cash advance. Even though credit card issuers allow you to purchase money orders there are some drawbacks that are important to consider. If you don t have the cash on hand to buy a money order using your credit card may seem like a simple solution.

As of writing only two retailers 7 eleven and western union accept credit card cash advances to pay for money orders. Western union and 7 11 are two notable examples of merchants that allow you to buy a money order with a credit card. You can buy a money order with a credit card but it s not the smartest or least expensive option. Yes you can use a credit card to purchase a money order as long as the card allows cash advances.

Why buying a money order with a credit card is a bad idea. With a swipe of your card you could have your money order in minutes. It is possible to buy a money order with a credit card and the use of check cash or check to buy a money order. While you can purchase one using a credit card doing so may not be the best idea.

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Other money order providers including walmart moneygram and the postal service do not. The only places that let you buy a money order with a credit card are 7 eleven stores and western union. Money order purchases are treated as cash advances. Credit card issuers and banks perceive this as a means in which they can make a luxurious deal that comprises of a fee depending on the percentage of the money order.

Because they re basically like cash buying a money order with a credit card means your purchase will be coded as a cash advance. What are the pros and cons of using a credit card to buy a money order. Only two major merchants allow you to purchase a money order with a credit card. But you may also rack up cash advance fees and interest charges that may have higher rates than your other credit card debt.

If you plan to charge a money order be aware that your credit card company may consider a money order purchase to be a cash advance which has some significant downsides. For starters buying a money order with a credit card can be expensive. There are many ways to pay for a money order.

Can You Buy A Money Order With A Credit Card Money Order Fake Money Professional Templates

Can You Buy A Money Order With A Credit Card Money Order Fake Money Professional Templates

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Pin On Printable Template Example Simple

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