How to Send Money With a Credit Card - NerdWallet (2025) (original) (raw)

MORE LIKE THISCredit Cards ArchiveCredit Card Basics

If you need to send money to someone, it’s typically cheapest to do so from a bank account. But if you don’t have the funds available, your credit card can be an option. There are a variety of ways to send money with a credit card, but before you do so, be aware of the fees, interest or limitations you may be subject to.

Cash advances

A credit card cash advance is a short-term loan against your credit limit. You can access money by using your credit card at an ATM to withdraw cash, much like you would with a debit card. You can also withdraw money with the help of a teller at a bank branch, or use convenience checks sent to you by your card issuer.

Cash advances are a quick and easy way to access needed money, but they can be costly. You may have to pay a cash advance fee and ATM fee. Interest begins to accrue the moment you get the cash, and many cards charge an even higher interest rate for cash advances. Note that the amount you can withdraw is limited as well. Cash advance limits can be lower than the total credit limit you have on the card.

» MORE: 7 alternatives to credit card cash advances

Peer-to-peer payment apps

You can link your credit card to your account in a payment app and use it to transfer money to others, much like you would with a bank account. However, you may be subject to additional fees when your credit card is the funding source.

PayPal: For personal transactions, meaning sending money to friends and family, you’ll pay a fee of 2.9% of the transfer, plus a fixed fee of 30 cents.
Venmo: There’s a 3% fee when you send money to others using your credit card. If you use the Venmo Credit Card to send money, that fee is waived through Dec. 31, 2023.
Cash App: There’s a 3% fee when you send money using a credit card.

You can’t use a credit card to send money to others through Apple Cash, Google Pay or Zelle.

A way to get around paying fees with PayPal or Venmo is by using AmEx Send. This feature allows holders of eligible American Express consumer cards to send money to friends without the credit card fees. (Enrollment is required.) The people you send money to don’t have to carry AmEx cards themselves. You add money to your Send account from your credit card to have it available to transfer to others. Whatever is added to your Send account appears as a regular charge on your card, much like any other purchase. It’s not counted as a cash advance, but the charge won’t earn any rewards.

Terms apply.

» MORE: 12 best ways to send money

Wire transfers

You can use a credit card to fund a wire transfer, but your card issuer may treat it as a cash advance. That means you’ll pay a cash advance fee, plus a higher interest rate. Plus, you’ll be subject to a wire transfer fee.

» MORE: How to wire money

Ready for a new credit card?

Nerdwallet+ members can earn $100 in rewards for paying their first bill on time with an eligible credit card.

How to Send Money With a Credit Card - NerdWallet (1)

Credit card loans

Some credit card issuers offer less expensive ways to borrow against your credit limit, which can help you get the money you need. With credit card loan programs like My Chase Loan and Citi Flex Loan, you can access a fixed-rate loan that you pay back over a set period of time.

You won’t have to complete a separate loan application or be subject to a credit check or fees. Accessing a loan this way takes just a few steps when you’re logged into your account on the web or in the issuer’s app.

However, access to cash isn’t instant. It can take a business day or two to receive the money.

» MORE: Cash advances still sting, but a credit card loan? Maybe less so

Plastiq

Plastiq is a payment service that allows you to pay with a credit card in situations where a credit card ordinarily wouldn’t be accepted — think day care tuition, utility bills, rent and more. Besides allowing you to use your credit card to finance a purchase you’d ordinarily need to write a check for, it makes it possible to earn credit card rewards on these sorts of transactions.

A drawback is the 2.9% fee. Also, you can use a Visa, Mastercard or Discover card with Plastiq, but not an American Express card.

Credit card rewards

If you carry credit cards that earn cash-back rewards, you can redeem those rewards as a statement credit (which would lower your next credit card bill) or deposit to your bank account, and then apply the redeemed amount to what you send to someone else.

With cards typically earning ongoing rewards of between 1% and 6% cash back, depending on the card and your purchases, it can take time to accumulate a meaningful amount of money. But this method doesn’t involve the fees you’d incur by sending money in other ways.

» MORE: NerdWallet’s best cash-back credit cards

FAQs

How to send money to someone using a credit card? ›

Sending money with a credit card can be convenient, but it typically comes with fees and higher-than-usual interest rates that can add up for big transactions. Apps like Cash App, PayPal and Venmo allow you to send money through their platforms with a credit card, while Apple Cash, Google Pay and Zelle don't.

Can you transfer money to someone from a credit card? ›

It's possible, however, to transfer money straight from your credit card to your or someone else's bank account, although there are a number of things you should be aware of so you don't end up paying too much for your transfer in extra fees.

Can I transfer money using a credit card? ›

It is possible to use a credit card to transfer money into a bank account by using a cash advance or balance transfer check, but we can't recommend it. Cash advances are risky because of the high interest rates and costly one-time fees. Balance transfers can lead to more debt if they're not handled correctly.

Can you zelle from a credit card? ›

Zelle also doesn't allow for credit card payments. Venmo, Cash App and PayPal, on the other hand, let you link your credit card.

How do I pay someone with a credit card instantly? ›

Cash App. Another peer-to-peer payment app that many people use is Cash App. After downloading the app and creating an account, you can send money instantly to other Cash App users. Like Venmo and PayPal, you can use a credit card as your payment method.

How to transfer money from credit card to someone else account? ›

Step 1: Go to your bank's official website or open the mobile banking app. Step 2: Log into your bank account using your login details. Step 3: After logging in, go to the credit card section to access your credit card account details. Step 4: In the credit card section, select the 'Funds Transfer' option.

How to pay someone with a credit card online? ›

Step 4: Initiate a credit card UPI payment using a credit card

Select the 'Send Money' option.
Enter the beneficiary's Credit Card UPI ID or bank account details.
Enter the amount you wish to transfer.
Select 'Credit Card' as the payment mode.
Confirm the payment and wait for the transaction to be processed.

Which app is best for transfer money from credit card to bank account? ›

MobiKwik app is the safest of all the platforms to transfer your money from credit card to bank account with bare minimum charges.Do a quick online money transfer with MobiKwik, just download the app or log in to the website and follow the given steps.

Can you send money with a credit card through cash App? ›

Yes, Cash App is among several person-to-person payment apps to which you can usually link a credit card to send money and to pay bills. First, make sure you have your physical credit card available — you'll have to enter information from it into the app.

How to cash out a credit card? ›

Go to an ATM and insert the credit card. Enter the credit card PIN (call the number on the back of the card to find out the credit card PIN or to set one up). Select the appropriate options if offered: “cash withdrawal” or “cash advance.” If asked to select between “credit” or “debit,” select “credit.”

How to convert credit card into cash? ›

How to use a credit card at an ATM to withdraw money

Insert your credit card into an ATM.
Enter your credit card PIN.
Select the “cash withdrawal” or “cash advance” option.
Select the “credit” option, if necessary (you may be asked to choose between checking, debit or credit)
Enter the amount of cash you'd like to withdraw.

How can I send myself money from a credit card? ›

You can transfer money from your credit card to a bank account with a cash advance, a convenience check, apps such as Venmo, or money transfer services such as Western Union.

Can I Venmo from a credit card? ›

We allow credit, debit, and prepaid, network branded (e.g. American Express, Discover, MasterCard, Visa) cards registered under your name to be added to Venmo. Please note the following: Cards may be declined by the card issuer or Venmo for funds availability or fraud prevention reasons.

How to pay someone using a credit card on Google Pay? ›

Add a credit or debit card for payments

On your mobile device, open the Google Pay app .
Tap your Profile picture. Pay with credit or debit cards.
Tap Add credit or debit cards.
Tap Add Card.
To add a card, you have 2 options: ...
Tap More. ...
Select how you'll verify your identity.
Tap Continue.

Can you send money on Cash App with a credit card? ›

You will be able to send funds using our P2P service if you have a linked bank account or linked a credit card. If you have an Unrestricted Account you will also be able to send funds using our P2P service if you have funds available in your balance.

Can I Venmo with a credit card? ›

Can I send money to a friends credit card? ›

You can send money to your receiver's debit or credit1 card by choosing to pay with either a bank card, Sofort, or bank transfer.

Can I send money from a credit card to someone via PayPal? ›

P2P payments

Once you sign up for an account on the app and verify your identity, you can link your credit card as well as your debit card and personal banking account. You can then transfer funds to either another user on the same platform or directly into your personal banking account.

Article information

Author: Melvina Ondricka

Last Updated: 2025-02-11T08:45:34+07:00

Rating: 4.8 / 5 (48 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.