Can I Buy Gold With A Credit Card?

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If you have decided to buy gold, you probably want a quick and easy way to do it. You do not want the hassle that comes with some payment methods. So you are wondering if you can pay for gold with your credit card.

Yes, you can buy your Gold with your credit card. However, it is not as simple as it sounds. You will soon find that many gold dealers do not accept credit cards as payment.

There are two reasons for this; the high processing fees and the increased risk of fraud that comes with the payment. However, this does not mean that there are no dealers who accept credit cards.

If you are looking for a quick and easy purchase of Gold, stay with me as I show you how you can buy gold with your credit card. But first, let’s understand why some dealers do not accept credit cards.

Why Don’t Some Dealers Allow You To Buy Gold With Credit Cards?

If you go through the FAQs on many gold dealing sites, you will find that they do not accept old as a form of payment. Credit card transactions are fast and easy, so you are probably wondering why this is the case.

There are two reasons these businesses do not allow credit cards:

1. Fees

Fees are a major drawback when making gold purchases with your credit or debit card. These credit card companies make gold merchants pay fees of up to 4% for every card transaction.

This fess can accumulate into a significant cost for the merchant. In this situation, they are faced with two options; make the buyer pay part or all of the associated fees or restrict buyers from using credit cards. Most companies choose the latter.

2. Fraud

While credit card purchases are easy and seamless, they are not as secure as some of the other payment methods. There is always the risk of losing your purchase or credit card information to fraudsters.

To prevent this, dealers must take strict security measures that might lengthen the purchase process. Most companies do not want to put their customers through this stress, so they do not give them the option of using their credit cards.

Are There Sites That Allow You To Purchase Gold With Your Credit Card?

Although many companies do not accept credit cards as a payment method, some companies do. These companies want you to be able to make purchases without any hindrance. But to do these, they must put certain restrictions on the payment method.

For example, some companies only allow you to use your credit card for gold purchases of up to $5000. Some companies might not even allow you to make orders of more than $575.

They do this to reduce the effects of buying with your credit card. Some of the companies that allow you to make credit card purchases include:

How To Buy Gold With Your Credit Card

Let’s talk about the process. I have mentioned that credit card purchases are one of the easiest ways to buy gold. It’s just like making any online purchase.

Step 1: Find A Trustworthy Dealer

Finding a trustworthy company to buy from is the first and the most crucial step. You do not want to lose your purchase to scrupulous individuals, so take your time and research and only make a purchase when you are sure about the company you are buying from.

Things to look out for are companies that promise outrageous benefits. I have already provided you with a list of some trustworthy companies to choose from.

Step 2: Compare Prices

Whenever we want to make a purchase, we always look for the best deals. It is the same when you want to buy gold. Compare the pricing of the companies you have chosen.

Of course, most companies will offer competitive pricing models, but you should look for one that offers the most suitable deal. Once you find this company, you can go ahead and make your purchase.

Step 3: Complete Your Purchase

Contact the company you want to purchase from and follow their procedure to complete your purchase.

They usually ask for your name, contact details, credit card information, and shipping details. Once you have provided this, they will complete your order and send your gold to you.

By the way, I found this guy talks about whether using a credit card to buy gold is legal or not:

Buying Your Gold Securely

Most companies that offer this payment method take security measures to ensure the safety of your purchase and your credit card details. Do not purchase from any company that does not have any measures.

How can you tell? Visa and Mastercard usually verify these companies. This verification means that the measures they have in place are secure enough for transactions using these cards.

Another great way is to check reviews. Some companies have great reviews on their website or a recognition badge from Better Business Bureau. If this is the case, you should be safe making your purchase from them.

You can also check social media to see what other people say about them. If you have any reason to doubt a company, refrain from buying gold from them. Buying gold isn’t as mainstream as we would wish, so it’s always important we are careful.

Pros And Cons Of Using Credit Cards To Buy Gold

There are many reasons purchasing gold with your credit card is a good idea, but there are also reasons you should think twice before doing so.


  • It’s Easy And Fast: Many people prefer credit card purchases because they are quick and easy. In most cases, all you have to do is fill out a form and provide your card details, and you are done. The process is almost always completed in a business day. However, other forms of payment, such as using a check, can take several days. With how quick and easy it is, it’s not surprising that most people want this option.


  • Extra Charges: Credit card transactions come with extra fees, sometimes up to 4% of the total purchase. To avoid this, you can use other payment options. However, if you are comfortable paying a little more for the speed and convenience, you can go ahead.
  • Purchase Restrictions: Most companies that allow you to make credit card purchases come with restrictions. You can only buy up to a certain amount for each purchase. The usual purchase range is between $100 and $5000. So if you did not plan on buying so much or buying more, credit cards might not be a great option.

What Are Your Alternatives?

If you decide you do not want to purchase with your credit card, there are other alternatives. Some of the most common ones include:

  • Wire transfer
  • P2P platforms like Paypal
  • Debit Card
  • Personal check
  • E-check
  • Cash deposit
  • Money order
  • Cryptocurrency
  • Bank

Each option has its peculiarities, so research before using any of them.


If you want to buy gold with your credit card, you should be able to find companies that accept this mode of payment. However, ensure you research properly and purchase from a trustworthy company.

There are fees involved. If you want to avoid them, you should use other payment methods. If you are willing to spend extra for the convenience of credit cards, then you should use this method.

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