8 Purchases You Should NEVER Make With Your Credit Card

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3. Retail therapy

If you think that a new purchase will boost your mood levels, you’re wrong. You’ll probably be happier for, let’s say two hours after making the purchase, but you will most definitely regret it the next day when you’ll see that your credit card balance went nuts.

4. Medical bills

Are you using a medical credit card in order to pay the bills? If that’s the case, make sure to check the fine print, especially your obligations regarding when and, more importantly, how interest is charged.

Also, if possible, try to reduce your health care costs as much as you can.

RELATED: 7 Surprising Things Medicare Doesn’t Cover

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1 thought on “8 Purchases You Should NEVER Make With Your Credit Card”

  1. These suggestions are good if a consumer has a habit of keeping balance. I pay for the balance every month so I cannot give up use of credit card because it is automatically 2% back as travel money. I charge HOA fees; $14.95 fee is less than 2%, rebate if I pay at least quarterly. Some utilities will encourage credit cards, then I pay from my checking accounts.
    A also try to keep 6 months’ living expenses in my cash account, too. Amazon’c 5% back is also beneficial, so is Costco’s citi cards. I have to make sure the balance is within my means It is all about managing the money.

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