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Your email address will not be published.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

  • Smiling middle-aged man sitting at a rustic kitchen table reading a printed Pension Summary document near a steaming mug. 12 Pension Terms That Sound Scary but Aren't
  • Woman sitting at a wooden kitchen table looking at a smartphone screen displaying a deposit received notification. Millions of Amazon Prime Members Could Get up to $200 – See if You Qualify
  • Hands holding an open retirement notebook beside a steaming mug and a Social Security notice on a wooden table. Social Security Announcements in October
  • A cracked egg resting in a nest woven from financial ledger strips, beside a drafting compass and pencil. 13 Signs Your Nest Egg Was Built on Outdated Assumptions
  • Senior couple reviewing financial papers and account balances on a tablet at a wooden table. 8 Reasons Retirees Are Opening High-Yield Savings Accounts Now
  • Senior man wearing glasses reviews retirement documents at a wooden table beside a calculator and coffee mug. 8 Common Mistakes Retirees Make With Required Distributions
  • A desk calendar showing December 31 circled, beside a steaming mug, eyeglasses, and financial planning folders. 10 Retirement Tasks Worth Finishing Before December 31
  • Older couple on a wooden bench overlooking a modern mountain valley hospital complex at sunset. 10 Mountain Towns With Great Hospitals for Retirees
  • A senior woman with gray hair stands inside a modern city bus or light rail car, smiling out the window. 12 U.S. Cities With Free Public Transit for Seniors
  • Laptop showing an order return screen beside folded cardigans, a shipping box, and a return label on a table. 10 Store Return Tricks That Backfire on the Shopper

Newsletter

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

Related Articles

car insurance rate

Alert! Here’s Why Your Car Insurance Rate Is Rising in 2024!

A hand holds a tablet displaying an insurance policy beside a rising arrow, illustrating the…

Read More →
money

10 IMPORTANT Money Rules To Know by Heart Before You’re 60

Some things in life are so difficult to decipher, that it usually takes an entire…

Read More →
reasons to buy an ugly home

6 Reasons Why an Ugly Home Could Be a Steal

Meticulously restoring original features like stained glass is a perfect way to add value and…

Read More →
An editorial illustration of a mailbox with a Social Security check inside, having a 32% slice snipped off by scissors labeled Medicare.

Medicare Part B Ate 32% of Last Year’s COLA. Will It Happen Again in 2027?

Discover how rising Medicare Part B premiums devoured 32% of the 2026 Social Security COLA…

Read More →
gig economy

10 Interesting Things to Know About the Gig Economy

A freelancer works on a tablet in a vibrant cafe while a smartphone displays available…

Read More →
An older couple sitting at their kitchen table thoughtfully reviewing financial papers with the number 2,084 written on a pad.

A Social Security Advisor Answers the 10 Questions Retirees Ask Most

Learn key social security advisor advice on claim ages, earnings tests, taxes, and spousal rules…

Read More →
pool

Pool Regret Is Real! 7 Reasons Not to Invest in One

A stressed man sits with his head in his hands, overwhelmed by the mounting costs…

Read More →
Senior couple relaxing in wooden rocking chairs on a porch overlooking a sunny yard.

The Only 10 States Where Retirees Likely Won’t Run Out of Money (and Why)

Explore the 10 states where retirees are least likely to run out of money, backed…

Read More →
A person holding a phone at night showing multiple scam notifications about packages, banks, and tolls.

9 Everyday Messages You Should Never Respond To

Protect your finances from modern cybercriminals by learning how to identify and immediately delete the…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.