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Ten things NOT to put on your credit card
Posted by kent on July 9th, 2009
Robert Manning, author of Credit Card Nation, has made a list of ten things you shouldn't put on your credit card. Why? Because credit card companies may start to see you as a risk if, for instance, you're charging your federal taxes. But there are other things too. Here's the list, courtesy of NPR's Marketplace:
1. Traffic Tickets
2. Retreading Your Tires
3. Bargain Shopping (shopping at low-cost stores suddenly, when you haven't already)
4. Adult Purchases (pornography, strip clubs)
5. Marriage Counseling
6. Lottery Tickets
7. Cash Advances
8. Personal Pampering
9. Income Taxes
10. Alcohol (specifically charging your bar tab)
The bottom line is that credit card companies have decided that you are what you buy. So, next time you're at the bar you might want to consider using cash. While you're busy rethinking your charging habits, you can also check out our credit card reviews and comparisons.
One Response to “Ten things NOT to put on your credit card”
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November 5th, 2009 at 8:05 am
I'm SO glad that I don't owe credit card companies anything and I don't have to rely on them for anything, because I think this is totally ridiculous that a credit card company has nothing better to do than sit around and second guess every type of lawful purchase that I make. If I'm going to be that scared to use a card lest some evil company is going to hike my rate, I think I'd just cancel the card first. Thankfully, I have a very good (university) credit union, and I don't have to worry about things like this anyway.