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Why Is It Expensive To Use Credit Card To Send Money To India?

Submitted by • April 15, 2016

You can use your credit card to send money overseas. However, if you have to send money back home on a regular basis, credit card will be an expensive option. For instance, you will have to pay a high interest rate as “cash advance” from the day you initiate the transfer. There are chances you won’t be getting a competitive exchange rate and you will also end up paying more money as fees.

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Voted by remit2india

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