Can You Buy A Money Order With A Credit Card at Buying

Can You Buy A Money Order With A Credit Card. Here are the reasons why: It plays a crucial role in a lending institution’s decision to say “yes” or “no” to your loan or credit card application.

Most credit cards charge a cash advance fee of 3% to 5% of the transaction amount with a minimum fee of $5 to $10. In short, using a credit card to buy a money order is like borrowing money to buy cash. For instance, individuals with credit rating listed below 640 are.

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Wallethub's experts discuss buying a money order with a credit card. 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 expect to pay the average credit card provider as much as 22% in interest plus a cash advance fee (usually greater of $10 or 5%) each time you purchase a money order. Wallethub's experts discuss buying a money order with a credit card.