Treasury Direct & Credit Cards

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Jul 26, 2003 | 3:18 pm

expressboy

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Treasury Direct & Credit Cards

Is it possible for me to buy bonds electronically using Treasury direct and pay for them with my credit card. The site is wishy washy about this info.

Thanks
Suresh

Jul 26, 2003 | 5:33 pm

sbc94523

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Quote:

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by expressboy:
Is it possible for me to buy bonds electronically using Treasury direct and pay for them with my credit card. The site is wishy washy about this info.

Thanks
Suresh</font>

Here's the site:

http://www.publicdebt.treas.gov/ols/olshome.htm

Jul 26, 2003 | 6:10 pm

Ken in Phx

Join Date: Nov 2002

Posts: 920

Treasury Bonds -- No

Savings Bonds -- Yes

Nothing wishy washy there

Jul 26, 2003 | 6:17 pm

greg

Join Date: Mar 1999

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Posts: 660

Follow the link the first responder provided. You're absolutely correct- they are being very fuzzy about this- although that stands to reason as they've already gone on notice buying savings bonds w/ credit cards is too expensive and will be discontinued after 12/03. Buy all you can now.

Jul 26, 2003 | 7:39 pm

burgerwars

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Quote:

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Ken in Phx:
Treasury Bonds -- No

Savings Bonds -- Yes

Nothing wishy washy there</font>

Actually savings bonds is yes and no. You can buy paper bonds and charge them to a credit card. But if you open a TreasuryDirect account, where bonds are electronically kept for you (no actual paper bonds issued) they only do it by electronic funds transfer from a bank account (no credit cards). When the Treasury totally stops issuing paper bonds (probably at the start of next year), credit card purchases will be totally discontinued, if not sooner.