‘Sale’ items
Whenever we see the words “sale” and “discount” we feel pressured to buy something as fast as possible, for fear of missing out a great opportunity. This is called impulse purchasing and it’s exactly what retailers rely on to sell their merchandise. But in nine occasions out of ten, you don’t really need that item. More than that, you don’t need the charges that come with that purchase, if you want to use your credit card.
Instead of ruining your budget and add more interest to what you already have to pay, skip the “sale” and focus on saving instead of spending. On that note, here are 23 Strategies to Boost Your Savings That Really Work.
You’ll have to see it to believe it with the next one…..
25 thoughts on “11 Purchases You Should Never Make with a Credit Card”
I would love to have that?
Most of these ‘you should never buy with a credit card’ assume it’s being done because the purchase is an unaffordable luxury – or a bill that should be payable in cash. But I get back 3% on my grocery purchases, 4% on my gasoline purchases, and 5% on my Internet / cell phone / streaming services, 3% at gas stations, and 5% back on any Amazon purchases. Anything else I get back at least 2% with my City Double Cash card. (1% when you make the purchase, 1% when you pay the bill.) In the course of a year I get back many hundreds of dollars. Oh, and I pay $0.00 in ‘interest’ and $0.00 in annual card membership charges.
For those who have some financial discipline, it makes total sense to buy with a credit card those things you recommend against. OTOH my brother and sister in law are terrible with money and they only use a debit card so they can’t go into debt yet AGAIN.
I always autopay my medical bills, utility bills and business bills. I also spend about $100,000 in Visa purchases annually. I never pay late/credit interest. My credit score is 836 Experian. Pay your credit cards in full every month and you will have great credit and live within your means (I started this way when I only made $24,000 annually in 1981).
I pay the entire balance each month and have for over 50 years. Have never had an interest charge. This article of no value to me.
All of these can be summed up into a few concepts.
1) Credit Cards have horrendous interest rates between 20 % and 30 %.
2) If you can not afford to pay cash now you will not be able to pay Card Debt Later.
3) Save 10 % of your income (or more) each month for a few larger purchases later.
4) If you want to live well, invest in a good education doing something you like to do.
5) Growing wealth takes time, so plan on living 100 years, and invest for it.
Buy whatever you want with a cash back or rewards credit card and pay it off every month. This article is for stooges that are always in debt. It is not what you buy that causes financial problems it is the person buying it.
Itl’s taking so long to FIND the 9 items not to purchase w/a credit card-I give up.
Guess u can’t use ur Credit Card for anything WOW ashy have one
Is there anything left that can use credit card for? All this is simply not valid article. Simply know your credit card limits and ability to pay it off. If you can not pay it off. Do not but it. or Do not have a credit card in first place. Do not live above your means.
So you better leave all your credit cards in the freezer – or why don’t you cut it into small pieces.
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