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Never Pay for These 14 Things With Your Credit Card

December 5, 2022 · Personal Finance
consumer stocks, reduce pay
Photo by 19 STUDIO from Shutterstock

Stocks

It’s worth mentioning that most brokerages won’t allow you to pay stocks with your credit card. However, if you managed to find a place where it’s possible, you’ll be charged many costly fees. Even more: if you borrow money to buy your stocks, you’ll have to pay any interest charges that will ultimately eat away all your returns.

A gouache illustration of a gallery painting with a price tag attached to a heavy black anchor.
A silhouette views a colorful painting with a massive price tag anchored to the gallery floor.

Expensive art

Even if you have a very large credit limit, you shouldn’t use your credit card to buy any collectible car or deluxe purchase that might tempt you at the moment. When it comes to getting anything with your credit card, it’s best if you just hold off for a while, especially when we’re talking about frivolous purchases.

And when we say frivolous purchases, we also mean that dreamy designer wedding dress, luxury holiday package, or the diamond you also dreamt of. None of these should be bought with your credit card.

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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
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