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How to transfer money from credit or debit card

Explore ways to send money online with your credit card and learn what to watch out for.

There are several ways you can send money online with a credit or debit card, but you'll need to keep an eye on the fees. It's often not the cheapest method of sending money overseas from Australia – paying with a bank transfer or using an online money transfer service attracts fewer charges. But if you have to, picking the right company to send money to using your credit card can save you on excess fees.

Can I send money online with my credit or debit card?

The short answer is yes, you can send money online using a credit or debit card. It's not the most common method to transfer money, though. Typically, people send money online using a bank transfer or through a money transfer platform like Wise. These methods are often cheaper than sending money via a credit card. However, if you need to, it is still possible to transfer money online through a card.

Compare money transfer services that let you pay by credit and debit cards

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Limited time offer: Earn up to 125,000 bonus Qantas Points as a first-time converter. Ends 30 April 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
Airwallex
Within minutes
$0
Streamline global payments in 60+ currencies. Send & receive securely in 150+ countries, with fast settlements & competitive rates. Simplify book-keeping & manage everything in one place.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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You're often able to pay to transfer money overseas with your credit or debit card. But compare costs among providers to make sure you're getting the biggest bang for your buck.

How do I send money internationally using my credit card?

You have several ways to use your credit card when paying for an international money transfer in Australia, including:

  • Your bank. Use your credit card to transfer money overseas from your bank account either online, over the phone or by visiting a branch. But with one caveat: Your credit card provider will likely consider your transfer a cash advance, resulting in both a higher rate of interest and a cash advance fee.
  • Money transfer specialist. Specialist transfer companies like Western Union, Revolut, Wise, XE, MoneyGram, and more allow you to send money online with your credit card. These providers allow you to pay for online transfers using your credit card, and a few also allow for in-person transfers with your card.
  • PayPal. Link your credit card to your PayPal account to make an overseas transfer. Fees are 2.9% of your transaction amount and $0.30 per transaction.

How do I send money internationally using my debit card?

Even if you don't have a credit card, you may be in luck: many money transfer providers accept debit cards. If you decide to use a debit card, be sure to understand any processing fees you'll pay.

Here are a few options for international transfers using your debit card:

  • OFX. OFX stands out from other money transfer providers with its competitive exchange rates and dedicated customer support.
  • Wise. Through Wise, you can pay no debit card fees for transfers to select countries. Watch out for percentage-based transfer fees, but rest easy knowing you'll get the mid-market rate on all currency trades.

When should I transfer money abroad with a credit card?

You could find yourself in a situation where sending a money transfer from your credit or debit card is a good idea. Here are just a few:

You want credit card rewards

If you have a rewards credit card, you may earn travel miles or cash back after you fund your transfer. However, this works best when you use a service like MoneyGram or Western Union — not your bank. Transferring through your bank could saddle you with higher interest rates and fees, erasing any rewards you might earn.

You need your card in a pinch

Credit and debit card transfers could be useful in an emergency. For example, you may need to send an urgent transfer to a loved one who's mugged overseas and has no cash. In this case, it may be most effective to send a card-based transfer via Western Union or MoneyGram.

The fees work in your favour

Before you initiate your transfer, check on fees for both credit and debit cards. If there's any difference, you're likely to find a lower fee for debit card transfers.

You don't have a bank account

Using a bank account is the standard funding source for money transfers. However, you may not have your bank account details handy. In that case, it may be more convenient to use your credit or debit card.

If you don't have a credit card, bank account or debit card, consider picking up a prepaid debit card. You can purchase one at a local store — such as a supermarket or Target — and use it to fund your transfer.

Why should I avoid sending money online with a credit card?

Compared with using your bank account, it could be more convenient to transfer money with your credit or debit card. However, keep these potential pitfalls in mind.

Your credit card transaction could be treated as a cash advance

When you pay for a transfer with your credit card, the transaction is often treated as a cash advance by your card provider. This typically attracts a cash advance fee and a higher rate of interest than an ordinary card payment. The interest may also apply from the day you make the transfer — without an interest grace period.

Look out for credit and debit card fees

Using your bank account is typically the cheapest option. When you use your credit or debit card, your provider is likely to charge you a higher transfer fee.

You can transfer money overseas with a credit or debit card, but it's typically your more expensive option. It's almost always cheaper to fund your transfer with your bank account. No matter how you'll ultimately pay, compare multiple transfer providers before parting with your money.

Frequently asked questions

Can I send money overseas using a prepaid card?

That depends on your chosen provider — some services do offer international debit cards that allow you to transfer prepaid amounts abroad.

Can I transfer money from my credit card to PayPal?

Yes, however, this can be a pricey transfer. PayPal allows you to make credit card payments at a cost ranging from 3.9% - 7.4% of your total transaction value.

Can I use a credit card to transfer money with Western Union?

Western Union does accept credit card payments through providers like Visa and Mastercard.

Does WordRemit accept credit cards?

WorldRemit accepts debit and credit cards issued by Visa and Mastercard. However, you may be subject to additional fees from your credit card issuer since the transaction counts as a cash transfer.

Can I pay off a credit card with an international bank account?

Typically, no. Few international bank accounts come with a corresponding credit card. It's even more difficult to use your international bank account to pay off a credit card from a different provider. If you're interested in using a card alongside an international bank account, consider multicurrency debit cards like the one offered by Wise.

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