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Last I checked Zelle didn't allow you to link to a credit card. Is this still the case?
by kentosi 9y ago
Last I checked Zelle didn't allow you to link to a credit card. Is this still the case?
- Larrikin 9y agoThey're supposed to be releasing an app sometime this week, but all the literature I read makes Zelle out to be a connection between bank accounts with debit cards being a work around. If credit cards were allowed, like on Venmo, I assume there would be a fee involved to prevent point churning. If that is the case why would you want to link a credit card? Is there any payment service like Zelle or Venmo that allows credit cards without a fee?
- yazaddaruvala 9y agoThat would not be possible. Credit card companies enforce this fee, i.e. Venmo has no choice. Meanwhile, most credit cards give points on dollars spent. If the fees are waived, you and a friend can make a lot of free points. Basically crazy arbitrage would ensue and the program would be ended instantly.