The short answer to “Can you buy a money order with a credit card?” is “Yes!”
But, there are a number of very good reasons why you should not buy a money order with a credit card.
In this article, we’re going to share these reasons with you and help you better understand your options related to buying money orders.
This article is part of our free series on “What is a money order?” including answers to common questions, unique opportunities, and more.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Can You Buy a Money Order With a Credit Card
- How to Purchase a Money Order
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Can You Buy a Money Order With a Credit Card?
Yes, you can buy a money order with a credit card. However, credit card issuers treat money orders as a cash advance. This means that interest will begin to accrue immediately. Additionally, the interest rate applied to money order purchases is often much higher than the normal rate applied to retail purchases.
With this in mind, before you consider buying a money order with a credit card, you should pursue all other options. Because credit cards are significantly more expensive to use than any other method.
How to Purchase a Money Order?
To purchase a money order, you first need to select your preferred merchant. Depending on the method of payment you want to use, you may be limited to a select few. On the other hand, if you plan to use cash or a debit card you will be able to use any money order merchant that you want.
Purchase Money Orders With Credit Cards
On the other hand, if you plan to buy a money order with a credit card, you may only have one or two options to choose from. Of course, where you are located at the time of purchasing will influence which merchants are available to you.
That said, before using a credit card, you should consider the costs associated with this option. As mentioned, using a credit card can result in interest being applied immediately and at higher rates than normal purchases.
Frequently Asked Questions
Below are a few of the most common questions we receive from people looking into whether or not you can buy a money order with a credit card. If you have further questions you would like to ask our team, don’t hesitate to get in touch.
Can You Buy a Money Order at a Post Office?
Yes, you can buy a money order at a post office. In fact, the United States Postal Service (USPS) sells money orders directly to customers at almost all locations.
Can I Buy a Money Order With My Credit Card?
Yes, you can buy a money order with your credit card at certain providers. However, it’s important to note that very few merchants allow this option. Additionally, credit cards immediately start to accrue interest on money orders and at higher interest rates. This is because credit card issuers view money orders as a cash advance.
Can You Buy a Money Order at Walmart With a Credit Card?
No, you cannot buy a money order at Walmart with a credit card. Instead, you can use a debit card or physical cash in order to purchase money orders at Walmart. That said, there are other money order providers that will allow you to use a credit card, which you may want to consider instead if this method of payment is a priority for you.
Can I Buy a Money Order With a Credit Card at USPS?
No, you cannot buy a money order with a credit card at USPS. Instead, you can choose to pay with a debit card, a traveler’s check, or physical cash. In order to buy a money order, you will need to visit a USPS location, request the money order purchase form from the teller, complete the necessary information, and use one of the accepted forms of payment mentioned above. That said, if paying with a credit card is a priority for you, there are other money order providers you can consider instead..
Can I Run My Debit Card as Credit for a Money Order?
Yes, you can run your debit card for a money order if you have sufficient funds in the account tied to the card to pay for the money order. In fact, in most instances, using a debit card to pay for the money order is the preferred method of payment.
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