Can I use my credit card for remittance?

Can I use my credit card for remittance?

Credit cards have become unskippable in present days. Most people around the world are equipped with one or more of them since its- ‘use now and pay later’ facility is more convenient and got widespread acceptance all over the world. Unlike a debit card, credit cards can’t be used anywhere and everywhere, because they have their own share of limitations too.

While coming to the forex services, it’s a common doubt that whether a credit card can be used for overseas remittance.  The answer is yes! A credit card can be used for your remittance purposes. But using a credit card for fund transfer abroad has some negatives as well.

They are listed below

  • Remitting funds via credit cards might lead you to pay a higher interest rate as a “cash advance” from the day you do the transfer.
  • A credit card remittance will cause you to pay more in fees.
  • Credit card remittance probably won’t get a competitive foreign exchange rate.
  • Not all service providers accept a credit card as payment to fund your money transfer

    Talk to our forex experts


    Inshort, It is possible to make an overseas remittance using a credit card, however the fees and charges incurred while remitting funds using credit card is more expensive than most other methods of international money transfer. You can use a Prepaid Forex Card just like a credit or debit card to pay for your expenses in a local currency abroad.

    icon

    37

    Years of Expertise

    icon

    2.5 Million+

    HAPPY CUSTOMERS

    icon

    320+

    BRANCHES WITH EXPERT

    icon

    12THOUSAND+

    AGENT LOCATIONS

    Where to contact for outward remittances and avail fastest money transfer service from India?

    If you are looking for outward remittance and the fastest money transfer service from across India, please feel free to get in touch with us by visiting our Website https://www.unimoni.in/ and put a query or chat with us at the toll-free number 1800 102 0555 or WhatsApp us at +91 9946086666 or mail us at customercare@unimoniindia.com. You can also visit any nearby branches of Unimoni to avail instant services at the best money transfer rate ever. Unimoni can serve you better with all the updated and customized services according to your needs.

    Branch Locator


      Customer Review | Contact Us   blog  Facebook  Twitter  Instagram  YouTube  telegram  LinkedIn


        I authorize Unimoni to contact me to explain the features of the product and other offers.



          I authorize Unimoni to contact me to explain the features of the product and other offers.

            I authorize Unimoni to contact me to explain the features of the product and other offers.