A Guide To Sending Money From A Credit Card
A Guide To Sending Money From A Credit Card Sending money with a credit card can be a convenient and efficient way to transfer funds to friends, family, or businesses. Whether you need to pay back a loan, split a dinner bill, or make a purchase online, using a credit card to send money can provide many benefits. However, it’s important to understand this method’s fees, limits, and potential risks before you begin. This guide will tell you everything you need to know about sending money with a credit card. Fees and Limitations When you send money with a credit card , you are charged a cash advance fee by the card issuer. This fee can be a percentage of the transaction amount or a flat rate, and it can vary widely depending on the card issuer and the type of card you have. You may also be charged a higher interest rate on cash advances than on regular credit card purchases, so it’s important to read the terms and conditions of your card carefully. Additionally, ...