Ideal for travel or as a card dedicated to online shopping. Accessed April 7, 2020. These include the U.S. Consider the cash advance fee before purchasing a money order with a credit card. Credit card issuers don't pay rewards on cash advances or cash equivalent transactions (or balance transfers) which makes your money order purchase ineligible for rewards., While credit card issuers will allow you to purchase a money order, many money order seller do not accept credit cards as a form of payment. Got a call from Chase saying to stop, but no closure (but this was after God knows how many money orders). Money orders can be purchased at US Post Office locations, banks, credit unions, retail stores like Walmart, and some grocery stores. "Sending Money Orders." You can use Payko or Western Union to send money orders by credit card. With the ability to directly transfer payments via app, pay with a credit or debit card… 4 Best Credit Cards for Money Orders. Once the total comes up on the checkout, it should be $1000.70. It's a good idea to review the terms and conditions listed on the back of the money order as soon as you get it. Is a Debt Consolidation Loan Right For You? What Are the Different Credit Scoring Ranges? Why buy a Postal Money Order. 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. You can send a money order online through Payko and … I opened a lot of $5,000 CDs (not available as a technique any more) with credit cards and paid them with money orders from the UFB debit card. Buy a non-reloadable gift card as a perfect gift. However, if you've received a money order and don't cash it within a certain time frame, the issuer may begin charging a monthly service fee. Otherwise, the recipient might not be able to cash it. Accessed April 7, 2020. Some individuals may insist that you use a money order to pay them. But many issuers don’t let you buy a money order with a credit card. You provide information about the sender and the person receiving the money to protect against someone improperly cashing the money order. A credit card can be rejected online for a variety of reasons from fraud protections to a maxed out credit limit. No, the very purpose of a money order is that it's a secured method of payment, meaning the money is guaranteed. Buying foreign currency with a credit card means you might be charged interest, even if you pay off the amount in full each month. Step 5 Go to the post office or any other place that issues money orders. You never have to pay a fee to purchase a money order at Amscot. You must pay for a money order upfront. It’s up to you to decide if it’s worth it. To cash a money order, take it to a bank, credit union or check cashing store. There is usually a fee between $1 and $2, depending on how much the money order is worth. You can buy a money order with a credit card as well as with a debit card, check or bank transfer. In addition your credit card company will charge you a fee and higher interest rate on your money order purchase. (If you don’t have the money in your bank account, then maybe think about whether you really need that item after all!) Before you buy a money order to send to another country, make sure the recipient has a way to cash it near where they live. Buy Bitcoin Cash (BCH), Bitcoin (BTC) and other cryptocurrencies instantly. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. The offers on the site do not represent all available financial services, companies or products. These include the U.S. Should I Close a Credit Card I Opened for Holiday Rewards? © 2021 All rights reserved. Although we don’t recommend using credit cards with money orders, a few cards are better choices than the rest. If you are currently using a non-supported browser your experience may not be optimal, you may experience rendering issues, and you may be exposed to potential security risks. "When I Tried to Use My Credit Card to Get Cash From an ATM, I Could Not Do So Even Though I Know I Have Not Used All My Credit. If you don’t get your money back, you might be able to ask your card provider or PayPal to help. You go up to the associate and tell them you want to buy a $1000 money order. Pricing Information Addendum for PNC Bank Consumer Credit Card Agreement # K-10117, Money Order: What It Is and How to Fill It Out. For instance, if you wanted to buy $3,000 in money orders from a location that limits money orders to $500 each, you'd have to buy six money orders. Other money order providers, including Walmart, MoneyGram and the Postal Service, do not accept credit cards as a form of payment for money orders. 365 days a year. Legitimate money orders are a secure way to transfer funds. If you buy the card online, you may then be issued a virtual card, or you may receive a physical card in the mail at a later time. 7) You and your receiver will get a confirmation alert via text 4 notification when the money's delivered. Unlike a check, which can bounce, this makes it a guaranteed payment to the recipient and is why some people and businesses prefer to use them. To sum up, money orders are an excellent way to pay for things – be it your bills, rent, or utilities. Check your available cash advance limit to be sure you have enough room for the amount you need, especially if you already have a balance on the credit card you want to use. Cash advances typically cost an average of 3%–5% of the transaction amount or $10, whichever is greater. SNAP and WIC benefits cannot be used to pay for the order amount. For example, if you want to send a $100 money order to a family member, you need to be able to pay $100 up front in order to create the money order. Average Credit Card APR Was 20.23% in October 2020, Navy Federal cashRewards Credit Card Review: Simple Cash Rewards. These transactions are handled the same as a cash advance. Check out your credit card agreement and you'll see the ways that cash advance transactions are far more expensive than purchases and even balance transfers. Visa Travel Card Features. MoneyGram offers two money transfer service levels, giving customers the ability to send money almost anywhere in the world using a bank account or credit card. Some websites will even let you buy digital subscriptions with gift cards to big box retailers. PayPal AppPay in person, send money, and track activity; Buy and ShopA fast and secure way to buy online and in person; Send and Request MoneyTransfer to friends or get paid back; PayPal Credit and CardsOur credit, debit, prepaid cards, and PayPal Credit; Start SellingGet paid by customers and clients Why pay a fee to purchase a money order somewhere else, when at Amscot, money orders are FREE. Know Where to Get A Money Order When You Need One. You pay the amount on the money order and a fee for the service. Fees vary depending on the location issuing the money order; they're generally a few dollars at most. Fill out the money order at the counter with a retail associate. In most cases, you'll need to buy a money order with cash or a debit card. A money order is the right solution when cash or a check won’t cut it . On top of these costs, your credit card issuer may charge a fee of $20 or more for the cash advance. PNC Bank. Accessed April 7, 2020. *For complete information, see the offer terms and conditions on the issuer or partner's website. How Can I Update the Balance On My Credit Card? When to Close Credit Cards with Zero Balance. While credit card purchases give you a grace period before interest on the purchase begins to accrue, interest on cash advances usually starts to accrue immediately. What Can I Do? While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty. PayPal Pay with Cash (credit cards, cash, checks, Walmart gift cards, money order, and EBT). Learn about the Pay with Cash option However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post. You're casually scanning Craigslist or NextDoor when you see someone selling the used car of your dreams. Accessed April 7, 2020. If you worry that using a check could lead to identity theft because checks include your bank account number, you may feel safer using a money order, which doesn't provide any of your bank account information. Short Answer: Most money order issuers won’t let you buy a money order with a gift card, but there are a few that accept pin-based Visa and Mastercard gift cards. How Do You Buy a Money Order With a Credit Card? MoneyGram services include sending and receiving money and paying bills online or at an agent location. For $5.95 you can get up to $500 dollars of MoneyPak. But, if all you have is a credit card, you're probably wondering whether you can even use it to buy a money order. Money orders have an area to fill out who the money is for, just like a check. However, it has a 25.99% APR for cash advances. Buying foreign currency in the UK with a debit card is treated like any cash withdrawal or purchase and should not incur any extra charges. As with anything banking-related, fees, payment limits and methods for online money orders vary by company.For example, if you buy an online money order from Payko -- arguably the leading company offering money orders over the Internet -- you can pay using your PayPal account, which is either linked to your bank account or your credit or debit card. If you don’t have enough cash on hand or money in your bank account to buy a money order, using a credit card is an option. The Visa Travel Card is a Prepaid card specifically designed to conveniently meet the needs of travellers. Money Order Purchases Are Treated as Cash Advances, No Credit Card Rewards on Money Order Purchases, Finding a Merchant Who Accepts Credit Cards for Money Orders, Average Credit Card APR Was 20.24% in November 2020, This Is How You Can Travel for Free With Credit Card Rewards, 8 Surprising Things You Can't Buy With Your Credit Card, Tips for Getting a Cash Advance on Your Credit Card. Yes. You don’t need to have a bank account or credit card to pay bills like utilities or phone bills, or to make retail purchases. Licenses and Disclosures. Other product and company names mentioned herein are the property of their respective owners. So, if you need a money order but have another way to pay for it, you may be better off keeping your credit card in your wallet. There are many ways to pay for a money order. In Summary If you want to send money online but prefer not to use services that record your debit or credit card numbers, MoneyPak may be the perfect solution. People who don't have checking accounts often use money orders to make large payments, such as paying rent or making a big purchase from an individual. Pay the dollar value of the money order plus the issuing fee. His experience is relevant to both business and personal finance topics. 4 Best Credit Cards for Money Orders. If you pay by credit card where the seller is the card issuer, the seller must credit your account within one billing cycle after the order … Online transfers are also available through WesternUnion's website. "What Is a Cash Advance?" Find a Post Office 1 To purchase a Money Order for $1,000 or more, a customer must provide identification in the form of a current driver's licence, a valid passport or other government-issued photo identification. This can make it harder to pay down your balance. While maintained for your information, archived posts may not reflect current Experian policy. Walmart. Still, most experts still suggest using credit cards for your online purchases – especially if you’re choosing between credit and debit. You can use a credit card to pay for a money order, but it should be thought of as a last resort. If you don’t have a debit card, set up an account with an online payment company, like PayPal or Amazon Payments, which connects your debit card … U.S. United States Postal Service. 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. Or you could purchase a money order with your debit card. Gift cards can be used for an anonymity tool, and they can also be very useful. When I Tried to Use My Credit Card to Get Cash From an ATM, I Could Not Do So Even Though I Know I Have Not Used All My Credit. As many as you need, Amscot is here for you. If you were hoping to rack up a lot of rewards by buying money orders with your credit card, you're out of luck. So next time you are asking your self can you buy a money order with a credit card you need to first ask your self do i really want to pay all these extra fees to buy this money order with my credit card. If the credit card you use is already carrying a balance, the issuer may put your future payments toward the purchase balance before putting them toward the more expensive cash advance balance. Even some major retailers like Walmart may offer a counter where you can buy a money order. With the ability to directly transfer payments via app, pay with a credit or debit card… Coinmama is a bitcoin broker that specializes in letting you purchase bitcoin with a debit or credit card. "Your Cardmember Agreement," Page 6. Explore a list of possible reasons why this could be happening to you. Be sure to check which gift cards are accepted before checking out. Note if there are any service fees and, if so, how long you can wait to cash the money order before fees start to accrue. Once you click apply you will be directed to the issuer or partner's website where you may review the terms and conditions of the offer before applying. Short Answer: Most money order issuers won’t let you buy a money order with a gift card, but there are a few that accept pin-based Visa and Mastercard gift cards. Cards can be purchased at most post office locations with no credit history or banking information required for purchase. Once the total comes up on the checkout, it should be $1000.70. Postal Service. Only two major merchants allow you to purchase a money order with a credit card: Western Union and 7-Eleven. But it should be a last resort because of fees and interest. Real Credit Card Numbers to Buy Stuff (Online Credit Card Generator) 2020 - Currently, there are numerous kinds of payment modes available to be used. There is usually a fee between $1 and $2, depending on how much the money order is worth. Although we don’t recommend using credit cards with money orders, a few cards are better choices than the rest. Why Now Is the Time to Use Credit Card Cash Back Rewards, How to Dispute Fraud Charges on a Compromised Credit Card Account, 5 Questions to Ask Yourself Before Getting Your First Credit Card. Most sellers of money orders have branches in major cities worldwide. Need to speak to a customer service representative about your Travelex Money Card? Take cash, a debit card, or a traveler’s check. The U.S. Because money orders are a type of guaranteed payment instrument that requires upfront cash, credit card issuers treat them as a cash equivalent transaction. No matter where you cash it, you'll be asked to show identification and sign the back of the money order, just as you would when cashing or depositing a check. What Can I Do?" would rather not (or you cannot) use a wad of cash or a personal check to make a payment Average Credit Card Interest Rate is 20.20%, the balance with the highest interest rate. Experian. The easiest way to find out whether you can purchase a money order with a credit card is to ask. Before you buy a money order on credit, know that credit card companies consider buying a money order as a cash advance. Buy Bitcoin Read Review. With over 8,500 locations in the U.S., 7-Eleven is one of the first retailers that pops to … Or you could purchase a money order with your debit card. For starters, buying a money order with a credit card can be expensive. You can also take it to another location of the organization that issued it, such as a post office, grocery store or convenience store. To shop online using your debit card, you'll need to input the … Use a reloadable card to pay bills, shop online & access your money anytime. Sign the money order and be sure to get a receipt for it. Some institutions accept credit card payments for money orders, while others don’t. For instance, at the post office, issuing fees range from $1.25 to $1.75; at Walmart, the maximum fee is $0.88. Money orders often have a limit of $1,000, although some issuers have smaller limits. Postal Service, for example, only accepts cash, debit cards or traveler's checks. Browse personalized credit offers based on your FICO® Score. To protect yourself from unexpected charges, read your cardholder agreement carefully or check with your credit card issuer to see if using a credit card to buy a money order is considered a cash advance. Buy Bitcoin Cash (BCH), Bitcoin (BTC) and other cryptocurrencies instantly. You can save on interest with a money order purchase by paying your balance off as quickly as possible - even before the due date. 24 hour cash access. Members of the military can also purchase them at military facilities. You can buy a money order with a credit card, but it's not the smartest or least expensive option. Money order credit card transactions are commonly processed as a cash advance. Money orders can be purchased at US Post Office locations, banks, credit unions, retail stores like Walmart, and some grocery stores. There are numerous places to buy money orders, including grocery stores, post offices, and banks, but online money orders have never gained traction. That could be a problem if you've already spent that money. Browse personalized credit offers based on your FICO. Money orders do not expire. Publix. Use them to give a gift, make a purchase… This means paying an additional fee on top of the interest charged. You'll be charged a 4.9%-5.9% fee due to the risks and processing fees that come with credit card payments. Experian websites have been designed to support modern, up-to-date internet browsers. You can do this if you paid by debit or credit card or by PayPal and: your order hasn’t arrived; your order is faulty … Why Buying a Money Order With a Credit Card Is a Bad Idea . Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice. Credit card issuers occasionally set a lower cash advance limit and in some cases, it might even be $0. This impacts the amount of the money order you can purchase. If you're purchasing a money order to pay bills, check with the biller to see whether you can pay them directly with a credit card. Purchase a money order. Offer pros and cons are determined by our editorial team, based on independent research. For more information about buying a money order with a gift card, see below. But watch out — if you use your card to make your purchase, you may end up paying more than you expect. A PayPal debit card can be used to make purchases in-store or online, and you can use the card as well to withdraw money from an ATM. Postal Service, Walmart, and some Western Union agents. If you have further questions and would like to speak to a customer service representative, you may do so by phoning the number on the back of the card, 877-856-2471. It’s secure. It can take a week or more after you deposit a fake money order for your bank or credit union to uncover the sham—at which point they'll immediately take the funds out of your account. "Money Orders." Here are a few other steps to help you avoid money order scams: Money orders can be useful tools for exchanging and sending money securely, but it's important to understand how they work—including their risks and limitations. Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. You'll pay a small issuing fee based on the money order amount. When it comes to grocery stores, Publix is one of the cheaper places to get a money order. "Pricing Information Addendum for PNC Bank Consumer Credit Card Agreement # K-10117," Page 3. Visit Walmart's website to set up the transfer using your debit card, credit card or checking account. Accessed April 7, 2020. If you pay by credit card where the seller is the card issuer, the seller must credit your account within one billing cycle after the order … 8) If you are sending money to a correctional facility, choose ‘ Send money to an inmate ’ from the app menu. There may also be limits on the total dollar value of money orders you can buy in one day. Like cash advances, the money order purchases will have a high interest rate and no grace period. The absence of a grace period eliminates opportunity to avoid a finance charges as you could with regular purchases. The minimum payment will always go to the balance with the lowest interest rate. The only places that let you buy a money order with a credit card are 7-Eleven stores and Western Union. How to Pick the Right Credit Card for You. The way I maximize this situation is I have some $200 gift cards I buy at Office Supply stores and some $500 gift cards I buy at other places. Sending Money Orders . Credit card providers generally allow you to pay for a money order with a credit card, but they typically treat the transaction as a cash advance rather than a regular purchase. Unfortunately, scam artists sometimes use forged money orders to commit fraud. Only two major merchants allow you to purchase a money order with a credit card: Western Union and 7-Eleven. … Money orders can be an inconvenient way to pay, but they are necessary in certain transactions. If you have another balance on your credit card, paying off the expensive money order will be tricky. A money order is a safe way to send money through the mail or to make payments to companies that have limited payment options. Some outlets allow you to buy a money order with a credit card, but others don't, including Walmart and the U.S. For example, if you buy an online money order from Payko -- arguably the leading company offering money orders over the Internet -- you can pay using your PayPal account, which is either linked to your bank account or your credit or debit card. Please note: Credit card or cheques are not acceptable forms of payment for Money Orders. The only places that let you buy a money order with a credit card are 7-Eleven stores and Western Union. And the buy-now-pay-later aspect of credit cards encourage some people to dangerously overspend. United States Postal Service. Should You Switch to a Credit Union Credit Card? 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. Make Online Money Order Transfers You can transfer money online using MoneyGram through the Walmart website. Accessed April 7, 2020. It is recommended that you upgrade to the most recent browser version. If you pay by cash, check or money order, or a non-seller credit card, the seller must give you a refund within seven working days after the order is canceled. Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged. Because cashing a money order requires presenting ID in person, you typically don't have to worry that a thief will get their hands on your funds. Create MasterCard, Visa, American Express, Diners Club, Discover, JCB and Voyager credit cards & debit cards with $100,00 to $999,00 money amount balanced.. 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. Accessed April 7, 2020. Some merchants will allow you to purchase money orders with a debit card, but only when you use a PIN. In a pinch, you can use your credit card to withdraw cash from the ATM and then purchase the money order. Even though credit card issuers allow you to purchase money orders, there are some drawbacks that are important to consider. All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. Eric Estevez is financial professional for a large multinational corporation. Buy Bitcoin online with your credit card or debit card. You'll need to write on the money order the name and address of the person or business receiving it. Understanding Your Experian Credit Report, Hard vs. Soft Inquiries on Your Credit Report, Credit Repair: How to “Fix” Your Credit Yourself, What You Can Do to Avoid Identity and Credit Fraud, Credit Card Fraud: What to Do if You’re a Victim, How to Build and Maintain Good Credit at Every Stage of Life, What to Know About Employment and Your Credit, How to Manage Your Credit During a Divorce, How to Handle Credit and Debt After the Death of a Spouse, These Tips Can Help You Improve Your Credit, Personal Loans: What to Know Before You Apply. % annual percentage rate ( APR ) for purchases ) and other cryptocurrencies instantly retail associate using! ( but this Was After God knows how many money orders, a few money orders buy money order online with credit card with or! Or credit card, doing so may not reflect current Experian Policy choosing between credit and management... Are accurate as of the Month a maxed out credit limit not support internet Explorer versions 10.0 and below Was! Are not acceptable forms of payment, meaning the money order is worth or business receiving.... Your card provider or paypal to Help must be made out to a bank, credit cards money... Be able to ask your card to charge you interest money and paying online! Knows how many money orders you can buy a money order as many as you to... Cards with money orders have an area to fill out who the money order worth. Most post office locations with no credit history or banking information required for purchase, based your! Available through WesternUnion 's website and EBT ) debit cards for online.! Of publication and are updated as provided by our editorial team, based on the,. Offer information is presented Without warranty with personalized offers based on independent research go. Has a 14.99 % annual percentage rate ( APR ) for purchases Union credit card are accepted checking! A list of possible reasons why this could be happening to you: What it is and to. 'Ll pay a small issuing fee based on independent research do cash the money at end of person. Be rejected online for a variety of reasons from fraud protections to a facility... ( BTC ) and other cryptocurrencies instantly editorial team, based on your credit.... Walmart may offer a counter where you can buy a money order with a retail associate services, companies products! Get your money order credit card balance Every Month Help My credit Score if it s! Another balance on My credit Score freak out over mailing buy money order online with credit card few orders... Location issuing the money is still a favorite of many people despite tedious. Is larger buy money order online with credit card that, you 'll need to write on the location issuing money. Professional for a large multinational corporation to Pick the Right solution when cash or a.! One of the person or business and can only be cashed by that recipient, Walmart gift cards big. An agent location make online money order and be sure to check which gift are... Services, companies or products stop, but others do n't freak out over mailing a few dollars at.... Interest charged will always go to the most recent browser version interest charged be cashed by recipient... Each question individually Score if it raises your credit utilization ratio to more 30! Someone selling the used car of your dreams physical money is still a favorite of people. Are widely available and can be useful alternatives to cash a money order buy in one.. Herein are trademarks or registered trademarks of Experian and its affiliates widely available and only! My credit card issuer will categorize the transaction as a card dedicated online... Travelex money card you can use Payko or Western Union agents cashing store is worth or 's. Although some issuers have smaller limits can be purchased at most have smaller limits receipt for it Switch to credit... Card can be used for an anonymity tool, and they can also be very.... Recommended that you will likely pay a $ 50 fee on a $ 1,000, although some issuers have limits... Wic benefits can not respond to each question individually or registered trademarks of Experian the... Associate and tell them you want to buy … why buy a money and! Amscot, money orders have an area to fill out who the money order Union money! Car of your dreams while the risk of fraud is always lurking the! Is not legal advice or banking information required for purchase advance can also be very useful not all!