Transfer Mone
  • Home
  • Checking Account
    Checking AccountShow More
    Ally Bank Checking Account
    Best Ally Bank Checking Account Reviews
    December 8, 2022
    chase college checking account
    Chase College Checking Account | Fees, Bonus, Eligibility
    November 28, 2022
    Chase Checking Account Bonus
    Chase Checking Account Bonus 2023
    November 25, 2022
    U.S. Bank checking Account
    U.S. Bank Checking Account Reviews
    November 19, 2022
    Golden 1 Checking Account 
    Overviews of Golden 1 Checking Account 
    November 7, 2022
  • Online Banking
    Online BankingShow More
    best personal loans for fair credit
    Best Personal Loans for Fair Credit 2023
    January 7, 2023
    bank promotions without a direct deposit
    The 9 Best Bank Promotions Without Direct Deposit Requirements
    December 5, 2022
    Zero Interest Personal Loans
    Best Ways To Get Zero Interest Personal Loans
    December 1, 2022
    Wells Fargo Personal Loans
    Overviews of Wells Fargo Personal Loans
    November 16, 2022
    Best Low-Interest Personal Loans
    Best Low-Interest Personal Loans Reviews
    November 13, 2022
  • Money Transfer APPs
    Money Transfer APPsShow More
    capital one ach transfer
    The Best Way For Capital One ACH Transfer Process
    September 18, 2022
    Walmart Accept Apple Pay
    Walmart Accept Apple Pay – Is It Really True
    August 28, 2022
    How to Add Cash to Cash App Card
    How to Add Cash to Cash App Card – The Best Guide For You
    August 22, 2022
    cash app instant transfer fee
    A Key Discussion On Cash App Instant Transfer Fee
    July 25, 2022
    jpay send money to inmate
    JPay Send Money To Inmate – The Entire Method
    June 29, 2022
  • Credit Union
    Credit UnionShow More
    credit unions in georgia
    5 Best Credit Unions in Georgia 2023
    January 27, 2023
    Credit Union in New Jersey
    Best Credit Union in New Jersey 2023
    January 19, 2023
    Best Credit Unions in Washington
    Best Credit Unions in Washington 2023
    January 14, 2023
    TD Bank Secured Credit Card
    The Best TD Bank Secured Credit Card & Alternatives
    October 27, 2022
    Huntington Bank Credit Card
    The Best Huntington Bank Credit Card Reviews 2022
    October 18, 2022
Search
© 2022 Transfer Mone. All Rights Reserved.
Reading: Best Apps To Send Money With Credit Card
Aa
Aa
Transfer Mone
Search
  • Home
  • Checking Account
  • Online Banking
  • Money Transfer APPs
  • Credit Union
© 2022 Transfer Mone. All Rights Reserved.
Transfer Mone > Money Transfer APPs > Best Apps To Send Money With Credit Card

Best Apps To Send Money With Credit Card

October 24, 2022

Credit cards are among the most used payment cards globally, with others being debit cards, prepaid cards, and gift cards. A credit card allows users to borrow finances from the card issuer. After using the card, you have to pay the card’s bill with some interest at the end of the month. The interest is the extra amount of money you spend on top of the borrowed amount. It is the profit the lenders get from your card usage. We shall learn about the various apps to send money with credit card.

Usually, payment cards allow you to fund transactions of various mobile money wallets. Sometimes you may not have enough balance to carry out transactions in your app. Therefore, the cards are not for shopping and withdrawing money only. After all, you are the one to repay the amount you spend at the end of the billing cycle. The only important thing you can do is make sure you use the card per the agreements.

Credit cards allow you to carry out transactions similar to Debit and prepaid cards. You can buy goods and services and withdraw money at an ATM or over the counter with a debit card. With a credit card, you can do the same transactions. The only significant difference is that credit cards allow you to borrow finances from your card issuer, while debit cards allow you to use your checking account balance.

Method You Can Follow To Apply For A Credit Card

You can apply for a credit card online or at a physical store. When applying for a card online, you need to present your details such as your Social Security Number, an identification document, an email address, a phone number, and a physical address. If you do not have a checking account with your issuer, all those details are necessary. However, some financial companies do not necessarily require you to have a checking account.

Once you submit the necessary details, you can receive your card at your place. You have to pay the security deposit for secured cards to get them. After receiving your card, you can then activate it for use. If you apply at a branch, you may go home with your card the same day or wait for several days for the card to be ready.

When applying for the card, you should check on the following factors.

  • The credit scores are needed for unsecured cards.
  • The fees. They include monthly fees, annual fees, foreign transaction fees, late payment fees, etc.
  • Interest rates
  • Credit limit
apps to send money with credit card

Tips To Grow Credit Scores

Both the secured and unsecured cards allow you to build your scores. You need to use the cards appropriately, and you can see changes. Therefore, the issuers of the two cards usually report your card usage to the credit bureaus. When the bureaus get your borrowing details, they keep them to later come up with your credit scores, and that way, you can increase your scores.

You should observe various practices when using your credit card to increase your scores. They include the following:

  • Pay your card bills on time. The payment history accounts for up to 35% of the overall scores.
  • Spend far below the credit limit. Financial experts usually recommend spending at most 30% of your credit limit. That way, you can show a good picture to the lenders. Spending too much of your credit limit shows that you can easily default on your loans.
  • Have several cards with you. Having numerous credit cards can lead to a faster increase in credit scores since many issuers report your card usage to the credit bureaus.
  • Keep your card active. Dormant cards lower your scores since your issuer has no data about your card usage. They report your data to the credit bureaus if you keep your card active, thus leading to a scoring increment.

Best Apps To Send Money With Credit Card

Various apps allow you to use them with a credit card. They include the following:

1) PayPal

PayPal is a money transfer service that operates globally. The platform allows you to send and receive money online from different world regions. You can open your account online using your phone, computer, or tablet. The platform allows you to use your balance when doing various transaction activities. However, you can use the balance from your bank account, credit card, or debit card to do your transaction.

You can do various transaction activities with your PayPal accounts, such as buying goods and services, sending money to others, and transferring money to a bank or debit card. By the way, PayPal can help you transfer money from a credit card to a debit card. That is possible if you use the card as the source of money when doing a PayPal to debit card transfer.

To use your card or bank account with PayPal, you should add it to your PayPal account in the following manner.

  • Open the PayPal app.
  • Tap ‘Wallet’.
  • Hit ‘Banks and cards’.
  • Hit on ‘Debit and credit cards’.
  • Link your card manually.

After linking your card, you can then use it to fund your PayPal transfers.

2) Cash App 

Cash App is a peer-to-peer money transfer platform that allows you to send and receive money within the US and the UK. The platform allows you to add your credit card to your Cash App account to use it as a funding source. Like PayPal, you have to add the card to your profile to use it as a funding source for your transaction activities. The following is the process to add your card to the Cash App.

  • Launch Cash App on your phone.
  • Tap the house icon on the screen.
  • Choose “Add Credit Card” in the “My Cash” menu, and choose “Add Credit Card.”
  • Enter your card number.
  • Tap “Add Card” on the bottom.
  • Follow other guidelines.

After successfully adding your card to your account, you can then use it to fund money transfer transactions to others.

3) Venmo

Venmo is a product of PayPal that allows you to send and receive money in your account. It allows you to use payment cards with credit cards being among them. And by the way, you can send money online with a credit card with no verification once you add it to your account. Like PayPal and Cash App, you should add the card to your PayPal account to use it for your transfers. The following is the process to add the card to your Venmo account.

  • Log in to your Venmo account.
  • Go to the “You” tab by tapping the single person icon.
  • Tap the “Settings” gear, then tap the “Payment Methods” option.
  • Select “Add Bank or card” to proceed.
  • Tap the “Card” button.
  • Add your card details manually or use your phone’s camera.

Wrap Up

A credit card is one of the most used payment cards that most people use worldwide. You can get the card online or at a branch. If you apply for the card online, you must provide your address to receive the card at your place. There are two types of credit cards – secured and unsecured credit cards. You can use a credit card to fund a mobile app transaction.

You Might Also Like

The Best Way For Capital One ACH Transfer Process

Walmart Accept Apple Pay – Is It Really True

How to Add Cash to Cash App Card – The Best Guide For You

A Key Discussion On Cash App Instant Transfer Fee

JPay Send Money To Inmate – The Entire Method

By Spencer Tierney
Follow:
Spencer Tierney is a writer and expert on certificates of deposits at transfermone.com. His work has been featured by USA Today, MSN, SF Gate, the Los Angeles Times, NerdWallet and more. He earned a bachelor’s degree in English at UC Berkeley.

© 2022 Transfer Mone. All Rights Reserved.

  • Home
  • Privacy Policy
  • About Me
  • Contact
Welcome Back!

Sign in to your account

Lost your password?