Can you use a credit card for a Wise transfer?

Can You Fund a Wise Transfer With a Credit Card?

Wise is known for its transparent and often cheaper international money transfers. But when it comes to funding those transfers, many users wonder about using a credit card. The good news is that, yes, Wise generally accepts credit card payments for both personal and business transfers. However, there are some important details and caveats to keep in mind.

Wise accepts Visa and Mastercard credit cards. This applies whether you're sending money from a personal account using your own name, or from a business account using your business name. Simply choose "Credit Card" as your payment method during the transfer setup process.

However, Wise does not currently support American Express cards. So, if Amex is your go-to card, you'll need to explore alternative funding methods such as a debit card, bank transfer, or Apple/Google Pay. This limitation can be frustrating for Amex users, especially those hoping to earn rewards points on their international transfers.

It's also crucial to understand that using a credit card for a Wise transfer may incur charges. Your card issuer might treat the transaction as a cash advance, which typically comes with higher interest rates and fees compared to regular purchases. These fees can vary depending on your card issuer and specific credit card terms, so it's always best to check with your bank beforehand to avoid any surprises. Wise itself doesn't charge extra for using a credit card, but your card provider might.

In summary, while the convenience of funding a Wise transfer with a Visa or Mastercard is readily available, it's essential to weigh the potential benefits against the possible fees. Consider the terms of your credit card agreement and compare the overall cost with other funding options offered by Wise before making your decision. If you're an American Express cardholder, unfortunately, you'll need to explore those other options from the outset.