All of the things they mentioned, student loan, taxes, a wedding, vacation or medical bill shouldn't be put on a card. There is better financing for a student loan, taxes or a medical bill than a charge card. As far as a vacation or wedding if you have to charge it, especially the whole thing, then you can't afford it.(Credit.com) Credit cards are powerful financial instruments, but cardholders must use them carefully to avoid becoming trapped in a cycle of debt. At the same time, it can be difficult for cardholders to contemplate a huge expense knowing that a bank has already extended them sufficient credit to just charge it.
5 things never to put on a credit card - CBS News
I have never put any of these things on a charge card and I can think of a few more things I wouldn't want to either. I have used a card on vacation but only because it was required by the hotel and you just can't carry that much case but I had the money to pay it back. I can't say I have never used a card for something that I shouldn't have, like furniture, but it wasn't thousands of dollars worth.
Have you ever used a card for something you shouldn't have? What do you think about using a card for the 5 things they say you shouldn't?