At a Glance

Thanks to digitization, sending money has become easier than ever. The days of spending an hour trying to split up a check for a big group at a restaurant are over (thank goodness!) With the widespread use of credit cards, it has become increasingly common to utilize them as a means to transfer funds quickly and securely. In this guide, we will explore several ways you can send money with a credit card as well as cash advances, peer-to-peer apps, wire transfers, credit card loans, Plastiq and card rewards to help you make the most informed decision.

In this article, you’ll learn:

Ways to send money with a credit card

1. Cash advances

One answer to the query of how to send money to someone from a credit card is a cash advance. This is a short-term loan borrowing against your credit limit. You access money from an ATM with a credit card, similar to a debit card. However, cash usually comes with high-interest rates and fees, so it’s good to be aware of the extra costs.

2. Peer-to-peer apps

Another answer to how to send someone money from a credit card is through a reputable peer-to-peer app like PayPal, Venmo, and CashApp. You link your card to a payment app account and send someone cash that way. Be sure to to review any fees associated with using a credit card on these platforms, as some may charge a percentage or a fixed fee for credit card transactions.

3. Wire transfers

If you don’t use either of those first two methods, the answer to the question of “how can I send money with my credit card” could be a wire transfer as many banks offer this service. You can use a card and fund one, though you must pay a wire transfer fee and a cash advance fee.

4. Credit card loans

Some credit card issuers offer the option of taking a cash advance as a loan directly from your credit card. This loan can then be used to send money or make payments. However, it’s important to note that credit card loans often come with higher interest rates and fees compared to regular credit card purchases. Additionally, interest may start accruing immediately, so it’s crucial to understand the terms and conditions of the loan before proceeding.

5. Plastiq

Can you send money with a credit card through Plastiq? You can, and it involves using this payment service in situations where credit cards commonly aren’t accepted. Plastiq allows you to pay bills or make payments using a credit card, even if the recipient doesn’t accept credit cards. You might pay your rent, utility bills, or tuition this way.

6. Card rewards

You can also essentially transfer money using credit card accounts that earn you cash-back rewards. You can either redeem your rewards as a statement credit or deposit them in your bank account. While this method may not involve a direct transfer of funds, it can be a way to utilize the value you’ve earned through your credit card spending.

Will sending money from a credit card affect your credit?

A few of the ways to send money from credit card accounts might negatively impact your score. If you’re using a cash advance or balance transfer and you fail to pay it back on time, your score might drop by a few points.

Pros and cons of transferring money from a credit card

We’ve now addressed the question of “how can I send money from a credit card,” so let’s briefly discuss pros and cons.

On the positive side, if you transfer money from a credit card, it’s convenient. The transfer takes place very quickly in most instances.

It may also boost your credit score if you pay back a loan you took out using your credit card within the designated time. You can rack up points and benefits the more you use your card, which you can then use for travel and other perks.

On the negative side, some balance transfers include extra fees. It may cause your credit score to dip if you do not repay a loan you took out using a credit card on time. If you’re taking out a loan this way, you’ll also start accumulating interest on it right away.

In addition, not all card companies give you this option. The ones that do may impose a strict limit on how much of a cash advance you can request.


It’s generally safe to send cash from credit card accounts. However, make sure you’re only dealing with reputable entities when you do. Using a peer-to-peer app that you’ve never heard of before probably isn’t the best idea.

That depends on the method you use. In some scenarios, you can expect to see that money get to the recipient by the end of the next business day. Other options might take longer, so look into the particular method you’re using for details.

This varies depending on what option you utilize. Each credit card company will charge its own cash advance fee, so look on their website for details. If you use a service like PayPal, it charges you a certain percentage of the money you’re transferring, so look into that as well.