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Are there any fees or restrictions when buying crypto with a Chase credit card?

avatarKay BojeDec 06, 2021 · 3 years ago3 answers

What fees or restrictions should I be aware of when using a Chase credit card to purchase cryptocurrency?

Are there any fees or restrictions when buying crypto with a Chase credit card?

3 answers

  • avatarDec 06, 2021 · 3 years ago
    When using a Chase credit card to buy cryptocurrency, there may be certain fees and restrictions to consider. Firstly, Chase may charge a cash advance fee for purchasing cryptocurrency, as it is considered a cash-like transaction. This fee is typically a percentage of the transaction amount and can vary depending on your credit card terms. Additionally, some credit card issuers may treat cryptocurrency purchases as a high-risk transaction and impose higher interest rates. It's important to review your credit card terms and conditions or contact Chase directly to understand the specific fees and restrictions that may apply to your account.
  • avatarDec 06, 2021 · 3 years ago
    Yes, there are fees and restrictions associated with buying cryptocurrency using a Chase credit card. Chase may charge a cash advance fee, which is typically a percentage of the transaction amount. Additionally, some credit card issuers may consider cryptocurrency purchases as high-risk transactions and impose higher interest rates. It is advisable to review your credit card terms and conditions or contact Chase for more information on the fees and restrictions that apply to your account.
  • avatarDec 06, 2021 · 3 years ago
    When purchasing cryptocurrency with a Chase credit card, it's important to be aware of potential fees and restrictions. Chase may charge a cash advance fee, which can vary depending on your credit card terms. Additionally, some credit card issuers may view cryptocurrency purchases as high-risk transactions and apply higher interest rates. It's recommended to review your credit card agreement or contact Chase directly to understand the specific fees and restrictions that may apply to your account.