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What is a Credit Card Wire Transfer?

4 min read

Last Updated: September 24, 2025

Table of contents

Key Takeaways

Wire transfers with a credit card are usually possible, but they can be expensive.
Cash advance and wire transfer fees are usually based on set dollar amounts or percentages of the total transaction amount.
To save money, you should only use credit card wire transfers as a last resort.

If you need to send money fast, one option you may have is a credit card wire transfer. But before you go ahead and agree to one, you should understand what wire transfers are, how they work, and how much it may cost you to do a credit card wire transfer.

Let’s go over what you need to know about wire transfers to help you make the best financial decision for your needs.

What is a wire transfer?

A wire transfer is the process of moving money electronically from one financial institution to another. If both accounts are in the U.S., it’s called a domestic wire transfer. If one is overseas, it’s an international wire transfer.

Wire transfers typically have a fee the sender pays, the recipient pays, or both. The fee is determined by the financial institution and type of transfer. It can be a set amount or a percentage of the transfer amount.

Some people call a wire transfer by different names, such as a wire payment, money transfer, bank transfer, or bank wire.

How do wire transfers work?

In order to start a wire transfer, the sender must provide some important details about the recipient. This might include the recipient's name and personal contact information, and the receiving bank or credit union information, like account number and routing number.

You'll also need to specify the amount you'd like to transfer. Other information may be required, particularly for international wires, so check with your financial institution about exactly what you'll need.

Once your bank confirms all the information and you pay the wire transfer fee, your financial institution will initiate the wire transfer by contacting the recipient's institution with payment instructions. When approved, the amount of the wire transfer moves electronically between the two banks. The amount of the transfer will be debited from and credited to the proper accounts.

What is a credit card wire transfer?

A credit card wire transfer—like a regular wire transfer—involves sending funds electronically from one party to another. The main difference with a credit card wire transfer is that the money sent is on credit—instead of funded by cash—and usually comes with added fees and interest.

Credit card wire transfers cost more

The reason credit card wire transfers are so expensive is that they’re often treated as cash advances by the credit card issuer. Credit card cash advances usually come with an added fee, typically a fixed amount or a percentage of the advance.

One of the most common fee structures for credit card cash advances is a set dollar amount or a percentage of the total amount you’re taking from your card account, whichever is higher.

For example, let’s say you want to transfer $500 via wire. And your credit card charges cash advance fees of $10 or 5%, whichever is greater. 5% of $500 is $25, which is more than $10. So your cash advance fee will be $25. You’ll pay that on top of the fees charged by the wire transfer service.

Most card credit issuers charge a separate, higher APR for cash advances. And in most cases, interest begins accruing on cash advances as soon as they post, so there’s no way to avoid paying interest.

Every credit card charges different rates for cash advances, and you can see your specific card’s charges in its Schumer Box—a table or box found on credit card agreements that summarizes fees and interest rates. You can see all other fees for the card there.

Did you know?

You typically pay fees on a cash advance, but some credit cards also charge an annual fee simply for using the card. Not Discover^®. We have no annual fee on every credit card and you can earn rewards on every purchase.

Learn More

How to minimize wire transfer fees

Paying for a wire transfer doesn’t necessarily come with added cash advance fees. Every wire transfer provider—whether it’s a bank or a financial services company—has its own fee structure. Money may be saved by paying via bank account, debit card, or cash, as well.

Whatever service you choose, be sure to check the transfer fee structure to avoid surprise costs.

When you should wire money from a credit card

If your goal is to save money, the only time you should send money via a credit card wire transfer is when you have no other option. And before you send it, make sure you understand what the fee structure is and how much interest you may pay on a credit card wire transfer.

You may also be able to use a credit for an automated clearing house (ACH) transfer, which is similar to a wire. While they’re a bit slower, they may be cheaper. (You may be familiar with ACH transfers from your direct deposit or bill pay).

The bottom line

You may be able to make a wire transfer with a credit card, but it’s likely to be more expensive than other options. If at all possible, try to pay for your wire transfer with cash, a debit card, a check, or directly from a bank account.

Sending an ACH transfer with a credit card may also be more affordable.

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