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

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

  • +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.

  • +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.

    • I know what you mean, but it's under control. I am on Ozbargain.. I think that explains a lot.

      • -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.

  • +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

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

Login or Join to leave a comment