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How to Transfer Money from Credit Card to Cash App

How to Transfer Money from Credit Card to Cash App

It probably got to a point where you consider moving money from your credit card to your Cash App account. Fortunately, you can technically transfer money from credit card to Cash App. But this does not work directly as Cash App does not support funding your balance with a credit card.

You can’t use it to put money directly into your Cash App account. For that, you will need to use a debit card. But what you have is a credit card and not a debit card. We’ve all been there and this post will help you get around this limitation.

Key Takeaways

  • You can link a credit card to Cash App for sending money, but you can’t use it to add money to your own account.
  • Using a credit card on Cash App may result in extra fees from both Cash App and your credit card company.
  • A workaround is to send money to a friend via credit card and have them send it back to you.
  • Be cautious, as your credit card company might treat the transaction as a Cash Advance, leading to high interest rates.

Can I Send Money from My Credit Card to Cash App?

You can link a credit card to Cash App if you want to send money to someone. But, you can’t use a credit card to put money into your own Cash App account; you’ll need a debit card for that. Some credit cards might not work with Cash App, and using one usually costs more than using a debit card. Your credit card company might charge you extra too, maybe even a flat $20 or more.

Also, be careful. Your credit card company might treat the transaction as a Cash Advance. This means they’ll charge you a really high interest rate right away, without any time to avoid it.

How to Transfer Money from Credit Card to Cash App

How to Transfer Money from Credit Card to Cash App

1. Sending Money to a Friend

If you want to transfer money from credit card to Cash App, you can’t do it directly. But there is a trick: You can send some cash, like $40, to a friend using your credit card linked to Cash App.

Your friend will get the money right away. Then, ask your friend to send the $40 back to you. Now, you’ve got $40 in your Cash App that came from your credit card.

Keep in mind a few things, though:

  • Some credit cards might have extra fees or rules.
  • Cash App will charge you a bit more for using a credit card instead of a debit card.
  • Your credit card company might also charge you, maybe even $20 or more.
  • Your credit card company might treat this as a Cash Advance, which means higher interest rates right away.

Some people call their banks to lower their cash advance limit to $1 to avoid extra charges – you might want to do the same. You can always follow these methods to get cash from your credit card without charges.

2. Link a Credit Card to Cash App

As mentioned earlier, to use a credit card with Cash App, you will need to add it to your account. Make sure you have your credit card handy for this.

First, Cash App might ask you to add a debit card. This is to check that you are really you and not doing anything fishy. After you’ve proven you’re trustworthy through your regular activity, you can add a credit card.

Here’s how to add your credit card to Cash App:

  • Open Cash App and make sure you’re signed in.
  • Tap the button that looks like a $, usually called My Cash or Banking.
  • You will see a credit card option under the Bitcoin and cash tabs. Tap it.
  • Enter your credit card number, the CVV code, and the expiration date.
  • Follow the on-screen instructions and tap Add card.
  • Confirm with your Touch ID or PIN.
  • Tap back to go to your homepage.

After this step, you can use your credit card for different things in Cash App, including the ability to transfer money from credit card to Cash App.

Why Can’t I Add Credit Card to Cash App?

If you cannot add your credit card to Cash App, don’t worry. Here’s a guide to help you figure out what might be the issue:

1. Check if There Are Any Error Messages

If Cash App shows an error message, it is trying to tell you something. For example, a message might pop up saying your card isn’t supported due to extra fees from your bank. In that case, you’ll need a different card.

2. Read Your Bank’s Rules

Different banks have their own rules for credit cards. Sometimes, these don’t match with Cash App’s rules. Some cards might even have fees that Cash App can’t deal with.

3. Make Sure Your Internet and App Are Working

A bad internet connection can mess things up. Also, make sure you’re using the most up-to-date version of Cash App.

4. Look at Your Card Type

Cash App usually works with credit cards that are approved by the U.S. Government. But it doesn’t work with all types, like prepaid or gift cards. Make sure your card is one Cash App can use. Cash App supports debit and credit cards from Visa, MasterCard, American Express, and Discover.

5. Look for Holds on Your Card

Your bank might have put a temporary hold on your card. If so, you’ll need to sort this out with your bank.

6. Double-Check Your Credit Card Details

Be sure you have entered all your card details right. A small mistake in the number, expiration date, or CVV can cause issues.

7. Is Your Card Still Good?

Check if your credit card is expired or deactivated. If it is, you’ll need to get a new one from your bank.

Cash App Credit Card Payment Declined: Reasons

Your Cash App credit card payment might not go through for a variety of reasons. Below are common reasons:

  1. You have not used Cash App for a while, and that might make the system a bit cautious.
  2. The person you are trying to send money to has not been verified or doesn’t have a good reputation. Cash App wants to make sure you’re sending money to someone trustworthy.
  3. The credit card you are using for the payment isn’t actually in your name. This is a big no-no for Cash App.
  4. There’s something wrong with the contact details of the person you’re sending money to. Maybe their phone number or email is incorrect.
  5. Your credit card is not supported. Again, Cash App only supports credit cards from Visa, MasterCard, American Express, and Discover.

Nevertheless, do not worry if your payment with a credit card did not go through. Cash App will give your money back. It either goes straight back into your Cash App balance or back to your credit card. This happens instantly or can take 1-3 business days, depending on who provides your card services.

Final Thoughts

So, you just learned a lot about how to transfer money from credit card to Cash App. Remember, you can link your credit card to send money to others, but you can’t use it to add money to your own Cash App account. For that, you’ll need a debit card. Also, be cautious of extra fees and high interest rates that might come with using a credit card on Cash App.

If you run into any issues while trying to add your credit card, don’t stress. The guide above has got you covered. It helps you troubleshoot problems like error messages, bank rules, and even internet issues. Just follow the steps, and you will be good to go.

Resources

Read alsoHow to Transfer Money from Visa Gift Card to Cash App

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Written by
Jim Marous

Jim Marous is a Top 5 Retail Banking Influencer, Global Speaker, Podcast Host and Co-Publisher at The Financial Brand. I am a co-author here at Blueopes Finance, writing on a lot of topics regarding payments, banking software, cards, and investing.

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