Bitcoin Forum

I have a bank issued credit card. Every month, I have to make payments do the card on the due date. Is there a proper legit service where I could load BTC and it could be used to make payment for my credit card?

i.e:

Load BTC --> Service Provider --> Credit Card --> Credit card Payment done

Under normal circumstances, I would sell BTC for my local currency at about 4% - 6% loss from the spot price, then use it to pay off my card statement.

if there is a service that charges less than 5%, why not?

Is this logical?

You posted an answer in your thread here: https://bitcointalk.org/index.php?topic=1599705.0

I'm speaking from an experience when I say that E-coin.io is probably the best service out there, It's possible to charge the card using BTC and the fees aren't that high (Take a look : https://www.e-coin.io/bitcoin-debit-card-fees-and-limits )
Price is pretty fair where you should pay 3$ for the Virtual card or 17$ for the Physical one. If I understood your question right that's the only solution I can think of.

Sad that some spammers won't read the thread that they link. The post clearly says that the fee is 7.5% or over, and OP is looking for ~5% fees. That service is also for buying Bitcoin, not selling. OP, I don't know a service that will directly do it, but have you considered selling your Bitcoin through local bitcoins for cash, at a price above spot? Probably cheaper than 5% fees. You can also try selling your Bitcoin here for PayPal or another money processor, withdraw to your bank, and pay from there. You can sell bitcoin here for +5% spot.

I welcome all suggestions. I am curious at the backend process. Is it some kind of manual work involved?

i.e: A staff sitting at his computer, see the bitcoin funds came through, then he log into his internet-banking account and help to pay off a credit card outstanding amount based on the credit card number that is submitted?

The cheapest way to load a credit card with $$ with Bitcoin would be cex.io

You have their exchange and no extra fee, just basic fee of loading Visa card which is 3.8$
https://cex.io/limits-commissions#/direction/withdrawal

Are you sure that they can load a vusa card. I thought that they are only altcoin trading site.  I will try it later. But the gee is too much expensive. Did you try it?

From what I've understood, you want a service to pay your credit card bill using BTCBTCBTC. Where are you from? Aren't there services in your country to pay bills (including CC bills) using BTCBTCBTCs?

i think he's seeking a service to pay his credit card bills directly and not seeking for any kind of bitcoin debit card (credit card and debit card is different)
but if OP's bank accepting any payment which made from visa or mastercard ,i think this one could be the solution,even the fee just get down a little

It seems hard and there are a few hoops to jump through, but if it is a legitimate account and follows the methods laid out, it can make the withdrawals and not pay more fees than any other form.

Yes you are right.

Nope. The Bitcoin infrastructure is at its infancy in my country. :)

I am almost sure you will need to cash out the Bitcoins first. What others are suggesting is a card to card  transfer (but usually made from a company) and you would have to check with your credit card provider if that is an acceptable way of paying the bill.

I would also suggest you to test it with a small amount first to see if it reaches your card and if your credit card company acknowledges it as a bill payment.

Yes I am sure they can load ~90% of Visa cards, some banks does not support P2P loading, but you can only know does it support why you try to add card at cex.io and verify your card, they have system as paypal to sand some test transaction so that why you can see if it gona work

I know many ppl using it, here where I am from cards from banca intesa, raiffesen, telenor etc...

Hi everyone. Thank you for your inputs!

Many people in countries other than the USA have a large number of options and most of them are discussed right here on the forum.  What people in the USA forget is that still, at this moment, in most states, many exchanges can transfer to various FIAT modes.  It just needs the proper verification.