Don’t Put These Things on Your Credit Card

With the economy slowly but surely recovering many Americans are pressed to put more and more expenses on credit cards, but that seemingly cheap credit acts like a snake in the grass. A readily available stream of cash can be as intoxicating as any heady ambrosia, but it’s paramount that you remember all those purchases do in fact have to be paid back in full (with extra if you let interest charges build up!). With that in mind, there are a few major expenses that should never be put on a credit card; to be frank, you absolutely will regret it later if you do. The following list contains a number of expenses that should never be put on a credit card.

 

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Mastering Your Plastic

Purchasing methods are constantly evolving and becoming increasingly convenient over time.  Consumers went from having to walk a herd of cattle to the market for trade, to lugging around a wallet of cash, to now holding all their wealth in a sliver of plastic.  Credit cards have made the world of transactions simpler and easier to navigate for consumers around the world.  Large purchases can be made without the cash up front.  Many card companies offer various reward, cash back, or points promotions for use.  Online shopping has become a breeze.


Credit cards have the ability to make any old consumer a powerful individual investor.  But, with great power comes great responsibility.  The number of people struggling with credit card debt in America is astronomical.  The invincible feeling that people get from swiping that card can often leave them devastated.  That devastation is ubiquitous in their lives, affecting their credit scores, their ability to access loans, and their financial history in general.  Credit cards are necessary and advantageous tools for most people, and, if used properly, can be a huge asset to your spending habits, but it’s important to know the facts about your card.


That shiny piece of plastic poking out of your wallet can be death trap, if you don’t know how to navigate the terrain.  There are a few things that you need to be aware of before you start swiping through the checkout lines.

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