Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Never Pay for These 14 Things With Your Credit Card

December 5, 2022 · Personal Finance
credit card scams pay
Photo by Andrey_Popov from Shutterstock

Big-ticket stuff you can’t pay off right away

Credit cards have all these great purchase protections, so you should use them for various big-ticket purchases. However, buying something on credit when you can’t pay it back right away isn’t a smart choice at all.

A clean, minimalist diagram showing a red spiral arrow representing interest growing between two debt bars.
A red arrow shows how compounded interest turns your original balance into a much larger debt.

Credit card payments

In theory, you shouldn’t and mustn’t charge your monthly credit card payment on another credit card. You’ve probably been tempted to do so. You will pay a cash advance fee and it’s likely for you to get a bigger interest rate on the amount of money advanced than you pay on your credit card purchases.

You might not get a grace period on the interest the way you’d normally do with credit card purchases. Interest will probably begin to accumulate right away.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

2 comments on “Never Pay for These 14 Things With Your Credit Card”

  1. Andy says:
    May 12, 2023 at 12:27 pm

    So what the hell do you use your card for?? You’ve eliminated almost every normal expense or enjoyment of any everyday JOE. Granted I agree with half of your suggestions but enjoying an evening out with your wife? She deserves a nice evening out!!!

    Reply
  2. Derrick Smith says:
    December 25, 2022 at 7:51 pm

    What do you suggest using your personal credit card on?

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • A warm, candid photo of a smiling senior woman at a market checkout counter, handing a canvas bag to a cashier in soft morning light. The Best Retail Discounts Available to Seniors
  • An elegant watercolor and ink illustration depicting stylized plants representing different income streams like fixed income and dividends. The Supplemental Income Sources Available Today
  • An older woman sits thoughtfully at her kitchen table looking at a paper bill in warm afternoon light. What a Smaller COLA Could Mean for Your Budget
  • Gouache illustration of a couple nurturing a golden plant protected by a glass dome labeled Tax-Free Shield. The Retirement Planning Move That Pays Off Later
  • A retired couple confidently reviews financial documents together in their sunlit, cozy living room. How to Protect Your Retirement Income From Inflation
  • A stylized risograph illustration of a giant red balloon with a percent sign pulling a shopping cart upward as a person tries to hold it dow What Happens If Inflation Keeps Rising?
  • The Retirement Income Mistake That Could Cost You Thousands The Retirement Income Mistake That Could Cost You Thousands
  • An older couple sitting at a wooden kitchen table reviewing their finances with a calculator and bank statements in warm morning light. Could Your Social Security Check Change Next Year?
  • A warm, textured paper collage showing scissors trimming a receipt alongside icons of a house, car, and grocery basket. 7 Purchases Retirees Are Cutting Back On
  • An illustration of a classic mailbox with an envelope reading 'Social Security Update: Proposed Boost' under warm morning light. Congress Is Considering a Bigger Social Security Raise Than the COLA - Here's What We Know

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

budget

How to Create a Budget for Anything in 6 Easy Steps

Creating a budget has never been an easy task, and sometimes it might become a…

Read More →
credit card scams

7 New Credit Card Scams You Didn’t Know About

Tapping your credit card against a payment terminal was meant to make your life easier.…

Read More →
name as a brand

6 People Who Used Their Own Name as a Brand

A visionary leader overlooks the city skyline, reflecting on the powerful brand legacy she built…

Read More →
effects of World War III

5 Economic Effects of World War III

A silhouette watches world maps and falling charts over a city, reflecting the grave economic…

Read More →
Eliminating Income Tax

Trump Eliminating Income Taxes? These 10 States Won’t Like It!

A woman checks a price tag in a boutique, illustrating how eliminating income taxes could…

Read More →
Bank

12 Important Secrets Your Bank Would NEVER Tell You

Debit card theft and loss are not as well-protected as credit card theft. While it’s…

Read More →
household bills buffett

Think You’re Too Frugal? You ARE If You’re Doing These 8 Things

A man meticulously mends a large hole in an old sock, questioning the balance between…

Read More →
A senior couple sitting at their kitchen table reviewing financial documents and a calendar together in warm afternoon light.

8 Retirement Expenses That Suddenly Increase After Age 70

Discover the eight hidden retirement expenses that surge after age 70, from Medicare surcharges to…

Read More →
retire

Money Talk: The Best 7 Things To Teach Your Grandkids About Finances

A grandfather and granddaughter sit on a sofa, sharing a lesson about money with a…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.