Can you buy a money order with a credit card?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
9 posts
MoneyNeverSleeps
 
Posts: 2
Joined: Sun Sep 26, 2010 7:46 pm
Location: The new Rome

Can you buy a money order with a credit card?

Postby MoneyNeverSleeps » Wed Aug 01, 2012 7:12 pm

(Updated 2013) Where can you buy a money order with a credit card? I am sure there must be somewhere that allows it. I would like to regularly buy large money orders in order to rake up rewards, as long as the cash back exceeds the money order fee. It's vital that the money order is treated as a standard purchase and not a cash advance since that would start accruing finance charges immediately.

Please share where it would be possible to purchase a money order with a credit card.


User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
 
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Wed Aug 01, 2012 9:41 pm

There's an alternative that's even better. But I'm not aware of any places where you can buy a money order with a credit card. The processing fees on cards would outweigh the costs of the money order, typically 2% to 4% of the transaction.

An alternative (though check with the CC company if it's allowed) is to use the credit card to send money to a friend or family member's Paypal account. They could then use their Paypal debit card to withdraw the cash at an ATM or transfer the money to their bank account and withdraw it that way (and of course you can then take that cash and buy a money order with it). If you go this route it might be a good idea to apply for 0 APR credit card so you can save on interest charges.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

User avatar
Cucumber
Centurion Member
Centurion Member
 
Posts: 567
Joined: Tue Apr 22, 2008 12:44 am
Location: Zuma

Postby Cucumber » Thu Aug 02, 2012 12:08 am

Buy a money order using a credit card? I wish bec I would have so many miles that way :ppp

What about buying gift cards with a CC? I think at the grocery store I go to you can buy American Express gift cards at check out but don't know the fees and don't know if they accept credit cards for them.
OBAMA
Stop talking crap about him!


User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
 
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Thu Aug 02, 2012 9:53 am

The grocery store gift card idea does work, I've done it before. The thing is most of the gift card options are for things like department stores and restaurants, which I have other cards for that give high rewards at anyway.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

DoingHomework
Centurion Member
Centurion Member
 
Posts: 707
Joined: Tue Sep 22, 2009 1:15 pm
Location: Arizona

Postby DoingHomework » Thu Aug 02, 2012 10:02 am

You might be able to buy a money order with a credit card. It would be up to the place selling the money order.

But if you are trying to do this to earn points forget it. Such a purchase would be treated like a cash advance. You would pay interest on it immediately and likely would not earn points/rewards/cashback. Buying casino chips works the same way..

slawekjb
 
Posts: 1
Joined: Fri Aug 03, 2012 3:44 am
Location: Chicago, Illinois

Dollars for miles

Postby slawekjb » Fri Aug 03, 2012 3:53 am

It's all over now, or is it...It seems the Mint charges $275 for 250...right?

DavidNY
Centurion Member
Centurion Member
 
Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Fri Aug 03, 2012 7:02 pm

Yeah, its over, thanks to those buying boatloads of coins just to deposit in their bank accounts.


User avatar
bisbicos
Centurion Member
Centurion Member
 
Posts: 284
Joined: Sun Jul 17, 2011 12:38 am
Location: Newton, MA

Postby bisbicos » Sat Aug 04, 2012 9:52 am

It was great while it lasted
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

Sorainzo
Green Member
Green Member
 
Posts: 4
Joined: Mon Oct 22, 2012 2:00 pm
Location: Chicago, IL

Postby Sorainzo » Wed Nov 21, 2012 2:57 pm

Directly? Probably would have to do the whole cash advance route and pay for it that way.
[300x250].[/300x250]
Cards: CapitalOne Cash Rewards; Citi Student Forward



Return to “Finance Charges & APR Compare”

Who is online

Users browsing this forum: No registered users and 2 guests