5. A night out
With our current situation, we can only dream about a night out. However, once this nightmare will be over, we will all party like no one’s watching. When that moment comes, it’s best to keep your credit card tucked away.
A fine bottle of wine could translate to three or four, and if you’re using your credit card to pay for them, you will be surprised to see that you will not have enough money for groceries the next two weeks.
6. Expensive items you can’t pay off immediately
Since most credit cards come with excellent purchase protections, we might be tempted to purchase ridiculously expensive products, which by the way, we don’t actually need. When we purchase big-ticket items we can’t pay off immediately, our credit card balance will suffer the consequences.
Next, never fight fire with fire…..
1 thought on “8 Purchases You Should NEVER Make With Your Credit Card”
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.