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Things You Should Not Put on Your Credit Card

Updated on April 7, 2018
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Margaret Minnicks has been an online writer for many years. She researches and shares remedies for using certain products for illnesses.

Just because you have credit cards, it doesn't mean you should use them for everything.
Just because you have credit cards, it doesn't mean you should use them for everything.

No matter how long you have been using your credit cards, you still might not know the best way to use them.

There is a long list of things you shouldn't put on your credit card. Read this article to see if you are guilty of charging what you shouldn't. Then make adjustments in the future.

What Financial Experts Advise

Financial experts say there are many things that should not be put on your credit card. The reasons they give that advice are listed below.

  • Some purchases can wait or are not needed at all.
  • The purchase or service could become a bigger debt later.
  • There might be a better alternative than charging what you owe.
  • You might have buyer's remorse and regret your purchase later.

You would be shocked over some of the things experts advise consumers not to put on their credit cards. More than likely you have charged some of those things.

It is a mistake to put your gambling debts on your credit card.
It is a mistake to put your gambling debts on your credit card.

Do Put Gambling on Your Credit Card

No one is going to judge you for gambling, but here is a word of caution. Do not put your gambling debt on your credit card. You will be paying back the money you lost plus a high interest on it. If you charge and win, it will motivate you to repeat the cycle.

Whenever you gamble, designate a certain amount of money you are going to use. After you have spent that amount, do not use your credit card to continue.

If so, you will regret it when you get your statement a month later.

It is a mistake to put your college tuition on your credit card.
It is a mistake to put your college tuition on your credit card.

College Tuition Payment

If it can be avoided, do not charge college tuition payments. If so, you will have to pay much more in the long run.

The best reason not to charge a college tuition payment is that you won't be able to pay off your credit card before you have to start paying interest on it. Many people don't know that some colleges will add a convenience fee of 2 to 3 percent if you pay your tuition with a credit card.

There are other options available. For instance, you might be eligible for a low-interest student loan, a grant, or scholarships. There are also work-study programs available to students to help defray the costs of their education.

You will regret paying for a big wedding by with your credit card.
You will regret paying for a big wedding by with your credit card.

Weddings

Some couples go all out for the biggest and best wedding they have been dreaming about all their lives. Needless to say, they go overboard and overspend. That means they end up charging to have the dream of a lifetime.

Couples are advised not to put wedding expenses on their credit card if they can be avoided. It is not a good way to start a marriage worrying about the debt that was incurred on the wedding day.

By the time you get back from your honeymoon, you will be faced with a lot of debt that will put a damper on the first few months of your marriage. Sometimes the money arguments start right away and the newlyweds begin to resent each other for having a big debt that keeps them from enjoying their married life.

Wait until you can afford plastic surgery instead of charging it.
Wait until you can afford plastic surgery instead of charging it.

Plastic Surgery

If a person cannot afford plastic surgery, perhaps people should not get it until they are able to pay for it then.

If people have to save up for plastic surgery, maybe they would change their mind and decided not get it. After all, plastic surgery is a luxury and not an urgent need.

You may like the new facelift or tummy tuck, but when the statements begin coming in, you might have buyer's remorse and regret the surgery you have gotten instead of enjoying it as you thought you would.

It is a hassle and a bad mistake to pay your mortgage with a credit card.
It is a hassle and a bad mistake to pay your mortgage with a credit card.

House Payments

If you have to charge your house payments, perhaps your house is more than you can afford.

It might be a hassle to pay your mortgage with a credit card because there are three organizations involved: your credit card company, your card issuer, and your mortgage lender. They all have to agree for this to happen.

Even if all the companies agree that you can charge your mortgage payment, it will cost you more in the long run. Therefore, try to avoid this if you can.

It is better to work out a payment plan with the IRS rather than putting your tax bill on your credit card.
It is better to work out a payment plan with the IRS rather than putting your tax bill on your credit card.

Tax Bill

It is much better to work out a payment plan with the Internal Revenue Service than to put your tax bill on your credit card. If you owe money to the IRS and you charge it, then you will be paying for the same amount over and over again.

A payment plan is much better than getting those dreaded credit card statement every month for a charged tax bill.

You might enjoy a big vacation with your family, but try not to charge it.
You might enjoy a big vacation with your family, but try not to charge it.

Big Vacations

Everybody needs and should take vacations. However, vacations don't have to be so big that you have to charge them. You might have had the best time of your life, but those memories are going to fade every time you get a credit card statement and you see the high interest rates.

It is better to have a saving plan all year long so you do not have to charge your next big vacation. If you charge it, you might be paying it off until you are due for another vacation.

Most hospitals have payment plans which are better than charging your medical bills.
Most hospitals have payment plans which are better than charging your medical bills.

Medical Bills

Medical bills are high and so are credit card interests. Financial advisers say the worst thing you can do is to charge your medical bills. Besides paying the bill, you will also have to pay interest rates to your credit card company.

It is better to ask for a payment plan so you will not have to pay credit card interest fees each month on top of the medical bill.

It is a terrible mistake to pay one credit card with another credit card.
It is a terrible mistake to pay one credit card with another credit card.

Never Pay a Credit Card Debt with Another Credit Card

Most credit card companies won't allow creditors to pay one credit card debt with another credit card. However, people have found a way around that rule.

If they owe a credit card, they can get a cash advance on another credit card from the ATM and put it into their checking account. Then, they can use the money to pay their credit card bill that is due for that month. This method will cost them dearly in the long run because there is a large interest fee for a cash advance.

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