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10 Things You Should Never Buy With a Credit Card

Building credit and racking up credit card rewards can be great for your finances, but putting certain items on your credit card can lead to big fees and higher interest rates which cancel out
The article from MSN Money outlines ten items or services that one should avoid purchasing with a credit card to prevent financial strain or unnecessary debt. These include: 1) Cash Advances due to high fees and interest rates; 2) Luxury Items like designer clothes or expensive jewelry, which can lead to overspending; 3) Gambling because of the high risk of loss and additional fees; 4) Medical Bills as they can often be negotiated or paid through payment plans; 5) College Tuition to avoid accruing high interest on large sums; 6) Cryptocurrency due to its volatility and potential for fraud; 7) Daily Expenses like groceries or gas, which can accumulate quickly; 8) Event Tickets which might be overpriced or resold at a loss; 9) Timeshares due to their long-term financial commitment; and 10) Items with No-Return Policies where the risk of non-refundable purchases is high. The article emphasizes the importance of using credit cards wisely to maintain financial health.

Read the Full GOBankingRates Article at:
[ https://www.msn.com/en-us/money/credit-cards/10-things-you-should-never-buy-with-a-credit-card/ar-BB1jQmhv ]


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