Although in reality, you’re just getting a cash gift card to redeem for stocks. The one unique feature that Stockpile has is that you can gift someone a stock. There are different types of fees on Stockpile depending on if you’re buying stocks for yourself, gifting them directly to another person or buying a physical Stockpile gift card. Stockpile is a super basic trading platform that allows you to use a debit or credit card to invest in stocks. If you want to buy more than $2000 worth, you’ll need to make multiple transactions Stocks can only be purchased in transactions between $1 to $2000.You can’t buy/sell stocks at the current price or set a price. That means, you have no control over the buy or sell price. All trades happen at the close of the market.$0.99 fee every time you buy or sell a stock.No fee for transferring money to/from your bank.Debit cards also incur a 3% fee but at that rate you might as well just transfer in your money from the bank. You can buy shares using a credit card for a 3% fee.With that said, I love using Stockpile because of the credit card spend because you can use credit to buy stocks. You’re missing out on a quality experience and necessary features if you want to seriously invest. Compared to Charles Schwab and Robinhood, using Stockpile is the same difference between gourmet meal and street food. Besides Stockpile, no other trading platform or investing app allows you to use a credit card to purchase stocks.įirst off, I don’t like using Stockpile due to the very limited trading features. You can buy stocks using a credit card with Stockpile but that includes fees that can range from 3% to significantly more. That got me wondering, can you buy stocks with a credit card? The biggest challenge is spending money on your credit card without wasting money. There’s a lot of value in getting credit card sign up bonuses because they come with a lot of free money and potential travel.
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