Yes, you can transfer money from a credit card, but it’s important to understand how it works and what it costs. Let’s break it down simply.
What Does “Transferring Money from a Credit Card” Mean?
When people say they want to transfer money from a credit card, they usually mean one of the following:
- Cash Advance – You withdraw cash from your credit card and transfer it to your bank account.
- Using a Money Transfer or Remittance Service – You pay with your credit card to send money to another person, often internationally.
- Balance Transfer – You move debt from one card to another (this doesn’t put cash in your account but is still considered a type of “transfer”).
Each option works differently and comes with its own set of fees, rules, and risks.
How It Works
Cash Advance
A cash advance lets you take out money directly from your credit limit. You can withdraw it from an ATM or request a transfer to your bank. However, this is one of the most expensive ways to access credit.
- High fees: Usually 3%–5% of the amount.
- Immediate interest: No grace period — interest starts the same day.
- Lower limits: You may not be able to withdraw your full credit limit.
Using a Remittance Service
Some online money transfer companies let you use your credit card as a payment method. You enter your card details, and the service sends funds to your recipient. This can be convenient for international transfers, but:
- Your card provider might treat it as a cash advance.
- Extra processing fees could apply.
- Exchange rate markups may reduce the value your recipient gets.
Pros and Cons of Transferring Money from a Credit Card
Pros:
- Quick access to funds.
- Option to send money worldwide, even without a bank account.
- Flexible payment methods (especially when using a remittance platform).
Cons:
- High interest rates and fees.
- Can impact your credit score by increasing utilisation.
- Some transactions may be declined or treated as cash advances.
In short, while it’s possible, it’s rarely the cheapest way to move money.
The Smarter Alternative — Use Remit Choice
If your goal is to send money internationally, a dedicated remittance company like Remit Choice offers a faster, cheaper, and more transparent solution than using a credit card cash advance.
Why Choose Remit Choice?
- Send to 70+ countries around the world.
- Multiple payout options — bank deposit, cash pickup, or mobile wallet.
- Transparent fees and live exchange rates — you always know how much your recipient will get.
- Fast delivery times, often within minutes.
- Secure transfers with reliable customer support.
Unlike credit card advances, Remit Choice clearly displays all costs upfront and doesn’t surprise you with hidden charges.
Can You Use a Credit Card with Remit Choice?
Yes, in many cases you can. You can fund your money transfer using a credit or debit card, depending on your location and the country you’re sending to.
However, always check with your card issuer to see whether the transaction will be treated as a purchase or a cash advance, since that can affect your fees and interest.
Tips to Avoid Unnecessary Fees
If you decide to use a credit card to send money, here are a few smart tips:
- Compare transfer fees before choosing a service.
- Pay off your card balance quickly to avoid high interest.
- Keep your credit utilization low.
- Always check if your card company charges a “cash advance” fee.
- Use services like Remit Choice that show the total cost upfront.
Final Thoughts
So, can you transfer money from a credit card? Yes — but it often comes at a cost. Between high fees, immediate interest, and credit score impacts, it’s not the ideal solution for most people.
Instead, if you need to send money internationally, choose a trusted and transparent service like Remit Choice. With coverage in 70+ countries, competitive rates, and flexible payment options, Remit Choice helps you send money safely, quickly, and affordably — without the headaches of credit card cash advances.
When it comes to moving your money, convenience should never mean costly. Choose smarter. Choose Remit Choice. For more articles like these you can visit our page.
