Credit cards are a double-edged sword. They can help you improve your credit score and obtain significant loans for a home or a car. On the other hand, used incorrectly, they can leave you with a credit card balance that will eat you alive. To make sure you don’t end up with a financial guillotine over your head, stay away from making these 9 purchases with a credit card.
Generally, you can use a credit card to pay for anything. Household bills are no exception. However, making a habit of paying the monthly household bills you can’t afford using a credit card, could trigger bigger financial problems and debts. That’s because the interest for these seemingly harmless payments will add up, making it more difficult to pay off your full balance.
Luckily, there are other ways to cover your monthly payments. Speaking of which, here are 13 Useful Tips to Save Big on Utility Bills.