Australian or US Stock Broker That Accepts Credit Card as Funding Source

Hunter80 on 18/06/2022 - 17:01

I was wondering if there is any online stock broker/trading platform that accepts Credit Card as funding source?

Mainly for long term ETF (US/Aus) investments only, and low brokerage and credit card fee charges will be great.

Comments

twistedbow on 18/06/2022 - 17:14

+1

probably none that i know of. even if they do accept CC, it'll be counted as cash advance so you'll be paying ~20% interest from day 1. I've only used commsec, stake, selfwealth and they only accept bank transfer or bpay.
KangaDrew on 18/06/2022 - 18:33

+7

If you're planning to use a credit card to fund investments, you're already setting yourself up to fail before you even get out of the blocks.
- Hunter80 on 18/06/2022 - 21:51
  
  I know what you mean, but it's under control. I am on Ozbargain.. I think that explains a lot.
  - KangaDrew on 19/06/2022 - 22:49
    
    -2
    
    So…
    * You're on OzBargain.
    * You're asking about funding investments with a credit card.
    * And, you think it's "under control"? 🤣
    
    You're right. It does explain a lot. smh
    
    Post on r/AusFinance and let us know if the majority actually agree with this method.
benwaffle on 18/06/2022 - 23:34

+1

Last I checked Superhero allows you to use BeemIt to BPAY into your brokerage account via a credit card up to $2k per day. The only fee is $1 per deposit from Superhero
Hunter80 on 19/06/2022 - 08:13

Interesting, thank you. I will see if I can find something additional on this..