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Should You Buy Gold With a Credit Card?

Table of Contents

Gold has always been the most preferred and prized metal among all precious metals due to its special qualities. From using it as currency to making jewelry from it or for industrial use, gold has held high regard for centuries. In today’s modern world, even though we have numerous investment options, investing in gold has always been the number one choice for investors owing to its value in the long term. 

The real question in contemporary times is, what is the quick and convenient way to buy gold? Based on popular opinion, the answer to that is to buy gold with a credit card. 

Personally speaking, I’m not in favor of buying gold with a credit card because you end up paying a higher premium which doesn’t justify your investment, and we’ll get into that in detail in this article. However, with the growing demand of customers for cashless payment, gold dealers provide various cashless transaction options for the ease of their customers. At Bullion Trading LLC, we accept Visa, MasterCard, American Express, Discover, and Paypal credit and debit cards. Now, let’s get into the nitty-gritty of buying gold with a credit card. 

How To Buy Gold Using A Credit Card

There is a process to buying gold with a credit card that you must be aware of before investing. This guide mainly informs new investors about the journey of buying gold via credit card and its additional fees. 

Step-by-step Guide to Buying Gold With a Credit Card

When you decide to use a credit card for your gold purchase, here are a few guidelines you must consider.

Finding a reputable dealer

The first and foremost step when investing in any precious metals is to look for a reputable and trusted gold dealer. We are spoiled for choices with numerous physical gold dealers and online dealers. So you must do the due diligence and conduct thorough research on the gold dealer, read customer reviews, and read up on the company to ensure the dealer you’ve considered is right for you. Also, read the credit card policy of each gold dealer because every company has its own rules for credit card payment.

Price Comparison

Post the ordeal of narrowing down some reputable gold dealers, you can then compare the prices they’ve listed on their gold bullion. I strongly suggest you compare the gold prices as the prices differ from dealer to dealer. After comparing the prices and reading the reviews, you must finalize the gold dealer with the best deals and an excellent customer satisfaction record.  

Completing the Checkout Form

After selecting the gold dealer, the real journey begins to buy your preferred gold bullion. To buy gold online with a credit card requires you to give additional information besides the obvious financial details for the checkout form. The additional information may include your name, address, phone number, and identification documentation. 

Filling Out The Credit Card Details

Once you’ve filled in the required details, proceed to the checkout page to complete your purchase. Since you’re buying gold with a credit card, you must submit your credit card details to proceed with the purchase. I want to reiterate that you must read your gold dealer’s terms & conditions and privacy policy to be cognizant of their purchase structure. 

Completing the Transaction 

After completing your order, you only have to wait for your delivery to arrive. If you’ve purchased physical gold, you’ll receive it on the date stated by the company. Make sure you understand the credit card rules regarding the payment so that you pay off the amount on time and negate the interest. Which gold dealers accept credit cards?

You need to note that not all gold dealers give you the option of credit card payment. So, first, see to it that the gold dealers you’re considering have a credit card option. 

Advantages of Buying Gold with a Credit Card

Credit cards have become a favorable payment method for most because they cut down the shenanigans; you enter your card details, and your payment is completed. Go through the notable benefits when you buy gold with a credit card.

Payment Convenience

To buy gold using a credit card in-store or online is touted as the most convenient option because you no longer have to worry about carrying around a great deal of cash or cheque. Also, when you buy gold online with a credit card, you get a straightforward payment option to secure your investment, reducing any hassle with online purchases. 

Deferred Fee Option

Buying gold with a credit card also offers you the option to defer your payments, allowing you to spread the amount you have to pay over installments if paying the whole amount doesn’t suit your current financial situation. 

Secure and Safe

When you buy gold with a credit card, you have high protection against theft and scam. At Bullion Trading LLC, the security of our customers is our main priority, and we follow a strict protocol to ensure your credit card information is secure to prevent any banking fraud and identity theft. The icing on the cake of buying gold with a credit card is the protection the credit card companies provide to the customers against probable issues. 

Disadvantages of Buying Gold with a Credit Card 

Although buying gold with a credit card is top-notch in security and convenience, it is essential to note that it does bear some substantial disadvantages. 


The main drawback when you buy gold with a credit card is it requires an additional fee for processing. Depending on the gold dealer, a stipulated fee will be charged with the transaction using a credit card, which increases your sub-total amount and adds extra cost just because you’re paying via credit card. 


With credit card payment, if you opt for deferred payment, you should also be prepared to pay the interest charge on your balance, and it increases the overall amount you’ll end up paying. Do consider this aspect when you make the decision to defer payment of your gold. 

All things considered, while credit card payment for gold and precious metals has the benefit of direct and well-protected payment, you must also consider that your payment amount increases due to the processing fee and interest. So, you must evaluate your financial situation and consider the long-term implications it can have before you make the decision. 

Alternative Ways to Buy Gold

Buying gold with a credit card is one of many options that gold dealers provide you. There are numerous other payment options that you can go for based on your situation. Only some will be comfortable paying the additional fees, delayed transactions, or needing personal information when buying with a credit card. Based on your priorities, you can choose amongst the various payment options gold dealers provide. 

No need to go looking for the alternate option anywhere else; continue reading as we’re here to guide you through it all.

Debit Card

Most gold dealers provide debit cards as a payment option. Although debit cards also come with processing fees, just like credit cards, the processing fees of debit cards are comparatively lower than credit cards. 

Wire Transfer

Wire transfers can also send money electronically through your bank to pay for the gold you’ve purchased. They are a faster payment method than any other electronic payment option and are ideal for large investments. 

Cash Deposit 

If the gold dealer you’re purchasing from is close to your locality, then the most comforting and safe investment option is to pay it through cash. You simply give the dealer the cash, and just like that, the whole payment process is completed. 

What To Look For When Buying Gold

People invest in gold for various reasons, whether to diversify their investment portfolio or protect their wealth when economic uncertainties hit. So, you must be cautious of certain factors when buying gold to ensure you are making a smart investment. 

Purity & Weight

The most important thing to know is the purity of your gold. It is measured in karats (kt), so you must know the karat of gold you’re investing in. The purest form of gold is 24kt, which is 99.9% pure and carries high inherent value. Even so, 22kt, 18kt, and 14kt gold are also used for jewelry and investment purposes.

When we purchase gold, the price is determined by the weight of the metal, and the market value of gold changes from time to time. So, before you purchase your gold, verify the market rate, purity, and weight, then only proceed with buying it.


Purchasing gold is a huge investment because it is not a cheap investment. So, do check for the authenticity of your gold which is determined by hallmarks or stamps to indicate its authenticity and purity. 


People invest in gold for different reasons. Some buy gold to convert them into jewelry of their liking, and store it as an investment, for gifting, or for other reasons. Know your purpose and purchase the type of gold you want to invest in accordingly, so you don’t make an impulsive purchase. 

All in all, investing in gold has always been a wise investment choice, with numerous options to pay for your gold online or in-store, such as buying gold using a credit card, debit card, and others. Although when you buy gold with a credit card, the speed, security, and financial comfort you get as a gold investor are unbeatable; you will end up paying more than the going rate.   

And for the gold dealer to buy you gold, we at Bullion Trading LLC offer you a wide selection of gold and other precious metals, along with a wide range of payment options. To add to that, you’ll also receive a fully insured delivery for your gold order. Don’t wait anymore and get the best deals on gold products from us!

Frequently Asked Questions(FAQs)

Can you use a credit card to buy gold?

Many gold and silver dealers do not accept credit cards for two reasons: exorbitant processing fees and greater fraud risk. You will, however, discover some merchants who will. If you want to move quickly with your precious metal investment, a credit card can be the ideal solution.

Isaac Kahan

Isaac Kahan

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Terms & Conditions

Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.

In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.

These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.


The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.

The Ordering Process

BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.

Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.


Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.

For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.


Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.

An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.

Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.

Market Loss Policy Explained

An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.

Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.

The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.

To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.

However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.


Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:

  • Orders ranging from $1,000 to $5,500 should be paid via any option listed above and must be received within 2 business days from the time the order was made.
  • Orders ranging from $5,500.01 to $10,000 should be paid by bank wire, certified check, cashier’s check, money orders, or personal check, and must be received within 2 business days from the time the order was made.
  • Orders ranging from $10,000.01 to $25,000 should be paid by bank wire, certified check, and must be received within 2 business days from the time the order was placed.
  • Over $25,000.01 should be paid by bank wire and must be received within 1 business day from the time the order was placed.

If Using A Credit Card You Are Agreeing To The Following Terms:

  • I understand and agree that should I dispute the credit card charge through my credit card provider, I will have breached the contract as well as committed a credit card fraud.
  • I waive any charge-back rights. In the event of a dispute, and I request for a refund it must be made through the Bullion Trading LLC Arbitration Procedure described herein under Bullion Trading LLC.
  • Dispute resolution: I understand that all sales are final. There are NO EXCHANGES or REFUNDS.
  • I cannot receive a refund from Bullion Trading LLC, nor can I request the funds from my credit card company.
  • I also agree to waive any charge-back rights in the event of a dispute.


You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.

You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.


All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.

The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.


You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:

(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,

(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.


You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.

If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:

(a) The amount, if any, that you paid in such transaction or,

(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.


BULLION TRADING LLC has adopted a Privacy Policy that is included in these terms and conditions. Our privacy policy protects your identity and credit card information.

BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.


Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.

Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.

Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.


BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.


You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.


If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.


BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.

Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.


These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.




If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.


You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.


Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.


BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.


A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.