If you’re considering making a big purchase, you might be thinking of putting it on your credit card. But is this the best move for you financially?
It’s easy to keep up with small purchases that you can easily pay off, but the large purchases are the ones that add up after a while and start to snowball into larger credit card debt.
Here are reasons why you’d be OK putting these big purchases on a credit card:
- If you pay your credit card bill on time every month
- You can avoid the allure of shiny new tech and other material possessions
- If your interest rate isn’t too high
- If you don’t have many recurring payments happening on your card