![]() Most credit cards charge a cash advance fee on the purchase of financial products - a fee that can top 5%. But that's not the only fee you have to worry about: You may end up paying cash advance fees, late payment fees if you forget to pay your card on time and interest fees if your balance isn't paid off every month. Currently only one investment app, Stockpile, allows you to do it - and charges a 3% fee. Be aware of investment feesīuying stocks with a credit card comes with several fees. We're not just talking about maximizing points here - there is serious financial risk to be aware of. Want more credit card news and advice from TPG? Sign up for our daily newsletter! Things to know before you buy stocks with a credit cardīefore you buy stocks with a credit card, it's important to take into account the various risks, fees and other factors that could cut into your profits. ![]() We'll take a look at this app, the fees you might incur, the risks you might be taking and alternatives you might want to consider. ![]() That company is no longer around, but there is one mobile app that still lets you buy stocks with a credit card. I took the opportunity to complete some big spending requirements that would have otherwise been more challenging. One of the questions I've gotten a lot recently from readers who want to maximize their credit card rewards is whether you can buy stocks with a card.Ī few years ago, a now-defunct company made it possible to buy stocks with a credit card without any fees. With the stock market down in the midst of the COVID-19 pandemic, a lot of people are taking the opportunity to expand their stock portfolio. Update: Some offers mentioned below are no longer available.
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