Household bills

It’s that time of the month when you’re making yourself a cup of hot tea (or an espresso martini, depending on the case), and you start counting all your utility, cellphone, and cable bills. We have to warn you about one thing: the LAST thing you’d want to do is pay for all those bills with your credit card. Why? Because if you can’t pay off your entire balance each and every month, the interest you will get will only make those monthly bills even MORE expensive.

Cars

Car dealers might not agree for you to pay with your credit card, or best case scenario, they might limit the amount of money that you can pay off with your credit. Like many other merchants, there are some dealers who simply don’t agree with credit card payments, mostly because they have to pay a fee in order to process the transaction.

If you decided to get a car but can’t pay for it outright, you could go to a credit union or bank and ask for financial approval. You might get a reasonable interest rate before buying the car of your dreams!