Unsecured online purchases
Shopping online can be extremely convenient, especially when going outside is not the best option like, let’s say, during a pandemic. But it can also turn against you in the blink of an eye, especially when you’re using your credit card. Why? Because certain websites are not secure and can leave you in ruin.
A safe online shopping site should have a web address that starts with “https” instead of “http.” If the ‘s’ is missing, you might want to take your shopping elsewhere. More than that, do some research about the online company that sells the stuff, to make sure it’s reputable, honest and focuses on customer satisfaction. Speaking of online shopping, here are 7 Common Online Shopping Mistakes That Could Leave You Broke.
Your finances will quickly sale away if you do 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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