If you choose to deposit funds using your credit card, it’s important to understand how this transaction is processed and what it might mean for your credit terms.
How is the payment processed?
When you deposit funds with a credit card into your trading account, the transaction is processed as a purchase of goods or services—not as a cash advance or bank transfer.
✅ This means the charge will appear on your credit card as if you bought something from an online store.
🔐 It’s a secure and standard way to protect both the customer and the provider.
Will the interest-free grace period apply?
This is a very important question if you’re using your card’s credit limit.
💬 Unfortunately, there’s no universal answer, because:
🔸 Each bank has its own policies
🔸 Terms may vary depending on your card type
🔸 Some banks treat these deposits as purchases, while others treat them as cash advances
What should you do?
To avoid any unexpected fees or interest charges, it’s best to:
📌 Contact your bank or card issuer directly
📌 Ask whether payments to investment platforms qualify for the interest-free grace period
📌 Confirm whether the deposit will be treated as a purchase or a cash advance