How to Send Money With a Credit Card (Yes, It's Possible) (2024)

Can I send money online with a credit card?

Yes, you can send money online using your credit card, however there may be some limitations. If you’re using a money transfer provider, remember not all providers accept credit card payments.

Some may only allow you to pay with your credit card if sending money to or from a certain country, or in a certain currency. Comparing money transfer providers with MoneyTransfers.com means you’ll be able to see all the payment methods accepted by every single provider - so you can find the best available deal for the way you want to pay.

How to send money with a credit card

If you’re sending money overseas and you want to use your credit card, the best way is to use a money transfer provider. You’ll usually just need to follow these basic steps:

These companies offer the fastest and cheapest money transfers on the market, routinely offering much better deals than banks and digital wallet apps.

Ways to send money with a credit card

If you want to pay for your money transfer through your credit card, your best way to do it is to use a money transfer provider. They offer the best rates and the fastest payments, although you are likely to pay more than if you would pay by bank transfer.

An alternative would be to link your credit card to an app like PayPal or Cash App, but beware of the extra fees that are often included on top of the existing credit card fees.

The best credit cards for sending money abroad

The following credit cards offer the best rates and lowest fees for cash advances, so are best suited for using with a money transfer provider.

*APR is the overall cost of borrowing money for the cash advance, incorporating the interest rate as well as any fees you might face into one percentage figure.

Pros and cons of paying for your money transfer with a credit card

How much it costs to send money with a credit card

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Fees are involved in sending money with a credit card

While credit cards can be a convenient and fast way to pay for your money transfer, you should be aware of possible fees you might face. Generally speaking, credit cards are also the most expensive method of payment for money transfers, as they come with a host of extra charges you don’t usually see with alternatives like debit cards and bank transfers.

Alternatives to paying for a money transfer with a credit card

While paying for your money transfer with a credit card does have its benefits, you might be better off considering an alternative method. Most providers offer bank transfer and debit card payments as alternatives, although some may even offer cash payments, prepaid cards, and mobile wallets.

Can I receive money from overseas to a credit card?

Some providers, like TransferGo and Western Union, allow money transfers directly to the recipient’s credit or debit card. While this might sound strange, as most people use cards to make payments rather than receive them, they offer the benefit of not having to share bank account details.

You’ll simply just need the recipient’s full name and credit card number, and they should receive the money directly to their credit card balance. They may receive an email that reads similar to ‘You have spent -$100 on your credit card’ to indicate that money has been added to their balance.

Should I use my credit card to send money overseas?

Using your credit card to send money abroad isn’t always the recommended option, as it’s often much more expensive than alternative methods. However, it can be a useful payment method in the following circ*mstances:

Sending money from a credit card to a bank account

You can send money from your credit card to a bank account, but this will usually be seen as a cash advance just like any kind of money transfer. This means you’ll face a range of fees for taking money out of your credit balance for your money transfer.

Another option is to use a service like PayPal or Venmo, which allows you to easily transfer funds from your linked credit card to another person's bank account. Just be sure to check for any associated fees before proceeding with the transfer.

Using a credit card to make a wire transfer

Like above, you can use your credit card to fund a wire transfer, but it’s likely to be an expensive option. We would recommend only doing this as a last resort, as you’ll face credit card fees as well as potential wire transfer fees.

Using a credit card to send money domestically

If you need to send money domestically within the US, you can use a credit card to pay for the transfer. While banks in the US do allow domestic transfers, they often charge huge fees - so most people use alternatives like digital wallet apps.

PayPal, Venmo and Cash App allow you to make domestic money transfers with your credit card. We’ve broken down their fees below:

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