Can You Buy Money Orders With Credit Cards?

Can You Buy Money Orders With Credit Cards? thumbnail
Can You Buy Money Orders With Credit Cards?

You can use a money order instead of cash or checks. Only certain payment methods are acceptable to purchase money orders.

  1. Features of a Money Order

    • A money order is a prepaid payment instrument that allows the person named on it to present and receive the cash amount on the order.

    Money Order Purchase

    • You can't purchase a money order with a credit card. You must use cash or a debit card (which pulls cash from your checking account).

    Exceptions

    • You can buy a money order with a check card if the cashier runs the transaction as debit, not credit. You can get a cash advance against your credit card to pay for the money order.

    Warning

    • Your credit card company will charge a fee for a cash advance. You also will pay a higher interest rate on the cash advance.

    How to Pay for a Money Order

    • You always can pay cash or use your check card as a debit card and purchase a money order by entering your PIN.

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References

  • Photo Credit Hemera Technologies/AbleStock.com/Getty Images

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